NEW long chilli peppers from the delta region have recently started to enter the Yangon market with a wholesale rate of K10,000 per viss.

New bell peppers from the delta region in addition to the new long chilli peppers from Wakema, Shwelaung, Pantanaw and Einme areas, and new Moehtaungchilli peppers from Shwelaung, Chaungphya, Layeinsu and Maubin regions came into regional markets as well as the Yangon market.

In the days when there was no cold storage, chilli peppers were stored in pots and barrels almost without damaging the quality at the time of distribution to the market

When cold storage facilities emerge in Yangon industrial zones, not only aquatic products but also fruits, vegetables and peppers are stored in them.Somechilli pepper cold storage facilities can hold tens of thousands of 20-viss bags of chilli peppers.The cold storage charge for peppers is around K75 per viss. Most of Yangon’s chilli storage rooms are almost full of chilli peppers when new long chilli peppers from the delta region are in season, according to an owner of a chilli pepper depot in Bayintnaung market.

The buying price of chilli pepper for cold storage is only one-third (30 per cent) of the selling price of chilli pepper processed in cold storage. In 2022, the profit earned by the hoarders of cold storage chilli peppers set a new record.

Not only chilli pepper but also rice, palm oil, peanut oil, onion and sugar prices have rarely risen to the highest levels throughout the life of the Yangon commodity market.Thus, in 2022, those stockpiling these commodities have reaped unprecedented profits.