Potato prices decline amid supply surge, expected to persist next month
Due to an influx of supply, potato
prices have fallen, and they are expected to continue staying low next month.
Including the fact that Chinese potatoes
entered the domestic market, locally-grown potato production has been surplus
in the market, resulting in a decline in price.
“At the beginning of harvest season,
big-sized potato prices increased to K2,800 from K2,600 a viss. Now the price
of the above-mentioned big potato is just K2,000. The price has been declining
for more than two weeks. This is because potatoes produced from Mandalay and
Myitkyina are available now. Chinese-imported potatoes, which are cheap, have
entered the domestic market. It is expected to continue like that in next
month,” said a potato trader from Hopong township.
At present, the price of medium-sized
potatoes, which are the most consumed in the market, averages K1,800 a viss,
down from K2,600 in previous months.
“Both locally-produced and imported
potatoes are now available on the market. That is why the price has fallen.
There are many potato consumers in Myanmar. But the price will be better again
sometime in the future. The potato sale has been active this year,” said an
official from a vegetable wholesale shop in Yangon. – Thit Taw/ZS
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