In November, the Pakokku Onion Commodity Exchange reached a record high of 47 lakh pisa, resulting in losses for vendors and stalls.
In previous months, I spent 10 lakhs per month. The Pakokku Onion Festival’s owners assert that only about 12 lakhs were brought in.
“Ko Oo is over 60 years of age in Pakokku,” expressed the owner of an onion stand. I have never received 4 million kyats in a single month in my 22 years of employment. Presently, 47 lakhs have been gotten in only 11 months. In fact, you need to pay 10 lakhs in one month. Twelve lakhs isn’t much. He stated that the high price of oxen, which is approximately 80 kyats per pound, is making traders and stalls lose money.
He expressed, “They don’t follow the cost.” Today, I must pay 80 pisa. The remaining weight is approximately 40 to 30 pounds due to the cost of bags and labor. Everything is gone on the off chance that you do it consistently. Everyone is hurt. “300 losers, 400 losers, 500 losers, and brokers also lose,” stated yet another proprietor of a Pakokku onion stall.
The Pakokku Onion Commodity Exchange reopened on November 1 after being shut down for three and a half months due to Kovit-19.
