Dried chilli pepper prices on the rise

 

June 23

 

The prices of various chilli peppers are moving up in June, U Hla Han, a chilli pepper depot owner at Bayintnaung Wholesale Centre, told the Global New Light of Myanmar.

 

The prices rebounded to K15,000-17,000 per viss of long chilli pepper, Moehtaung variety and bell peppers on 21 June 2023 after it declined to K10,000-13,000 per viss at the end of March 2023.

 

When new stocks of chilli pepper entered the market in April 2022, the prices touched a low of K4,700-8,000 per viss. Traders kept them in their hands at that time and resold them at an exorbitantly high price in history.

 

The price of chilli peppers hit a record high of K31,000 per viss on 11 November 2022. Also, the prices peaked at K18,500-19,000 per viss of Moehtaung variety on 9 August 2022 and K21,000-22,000 per viss on 24 November.

 

The traders who kept the chilli peppers stocks in hand reaped a great profit last year.

 

The prices recorded in the last week of June this year is up by K8,000 per viss compared to that in the corresponding period last year. The prevailing prices of long chilli and Moehtaung varieties are near record highs.

 

New chilli peppers from Thetaw, Kyaukse and Pyawbwe areas will flow into the Yangon market at the end of June, while the new supply of long chilli pepper from Shan State and bell peppers will enter the Yangon market in mid-October. — TWA/EM