Yangon Market Sees Surge in Flower Snail Sales, July Transactions Soar 52% to 76,000 Pounds! But Shan State Potato Farmers Face Natural Disasters, Suffering Heavy Losses!

Myanmar media reported that fish traders in Labudaloo township in Irrawaddy province said that due to the strong purchasing power of the Yangon market, the town sent 76,000 Yanhua snails to the Yangon market in July. By comparison, only 50,000 tubs were sent in June. Bubudaro Town's snails and other aquatic products are mainly supplied to the Yangon market, which is currently in high demand. The price of whelks varies depending on freshness and size. Snail sales have increased due to large purchases by seafood restaurants. At present, the price of flower snails in the town of Labudalo is about 1 million KYat 19,000. The increase in sales has also led to an increase in sales of other aquatic products, providing more employment opportunities for local practitioners.

On the other hand, potato production in southern Shan State has been damaged due to continuous rains, and farmers are facing losses. Although the price of potatoes was only 1, 500 kyats in April, the rains damaged the potatoes and farmers were unable to recover their costs. A farmer in Binlang district said that due to days of rain, the potatoes were not in good shape, some were washed away or rotten, and the yield could not be guaranteed. At present, the price of potatoes is about 3,000 to 5,000 kyats, while the purchase price of trading stations is 1 3,500 to 4,500 Kyats. Prices have fallen due to the simultaneous availability of potatoes from southern Shan State and from Hin Phu Zun and neighbouring countries, as well as transport difficulties caused by the fighting. At other times, however, potatoes usually get a better price. In southern Shan State, Binlang, Naudeya, Kelau, Yean, Bindeya and other places mainly grow potatoes, with a planting area of tens of thousands of acres, and the yield per acre can reach 5,000 to 8,000 Yanjia.

In addition, locally grown Onions in Myanmar receive excellent prices due to strong purchasing power at home and abroad. Onions are not only popular in the domestic market, but also actively bought by exporters, especially to Thailand, China and Bangladesh. One goods trading post said the highest price of Onions reached 1 kyat 2,100, with prices varying depending on the variety. The purchasing power is strong, and the merchants of Myawadi and Great Power come to buy. After the Onions were exported to Thailand, they were further exported to Vietnam and Bangladesh. At present, there is not much supply in the onion market, but trading is active and prices are high. The Philippines, Vietnam, Laos, Malaysia, China, Thailand and Bangladesh are all buying Burmese Onions. Before the outbreak, Myanmar exported an average of 80,000 to 100,000 tons of Onions annually. According to the Ministry of Commerce, more than 170,000 acres of Onions are planted in Myanmar during the rainy season, with an annual output of about 1 million tons.