Business

Onion enters record at Pakokku Item Trade The Pakokku Onion

Item Trade hit a record high of 47 lakh pisa in the late spring onion reap in November, confusing dealers and slows down.

I spent 10 lakhs per month in previous months. As per the proprietors of the Pakokku Onion Celebration, around 12 lakhs came in.

“Ko Oo is more than 60 years old in Pakokku,” stated the proprietor of an onion stand. In my 22 years of employment, I have never received 4 million kyats in a single month. Now, 47 lakhs have been received in just 11 months. You need to pay 10 lakhs in a single month, as a matter of fact. That is only twelve lakhs. He stated

Traders and stalls are losing money as a result of the high price of oxen, which hovers around 80 kyats per pound.

He stated, “They do not follow the price.” I have to pay 80 pisa today. Because of the cost of labor and bags, approximately 40 to 30 pounds remain. Nothing remains if you do it on a regular basis. Everyone loses. Another proprietor of a Pakokku onion stall stated, “300 losers, 400 losers, 500 losers, and brokers also lose.”

Due to Kovit-19, the Pakokku Onion Commodity Exchange reopened on November 1 after being closed for three months and six months.