Myanmar onion exports forecast to drop in 2021

According to the chairperson of the Myanmar Onion, Garlic and Culinary Crops Production and Exporting Association, Myanmar's onion exports are expected to drop off this year, despite high yields.

U Khin Han said domestic production of the crop doubled in 2021 due to favourable weather: “The yield is good this year. Some farmers could not sell their onions last year and had many leftover. They grew the leftovers so we expect better output. The market, however, isn't that good in Yangon at present.”

Myanmar produced 495,000 to 660,000 tons of onions last year and the amount is expected to increase in 2021. Myanmar onions are usually exported to Vietnam and Malaysia, but the current shortage of shipping containers has hindered the industry. U Khin Han said the shortage has seen hiring prices of containers increase by double or even triple the amount. The current market price is acceptable for traders to buy but transactions may decrease due to losses this year.

Source: www.mmtimes.com

 

Photo source: Dreamstime.com


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