Commodity prices up during Thingyan Holiday

12 April 2019

Commodities price up for the Thingyan Holiday, according to the traders at Thein Gyee Market in Yangon.                                                                                                            

The price of the commodities such as soft drinks, snacks and dried shrimp goes up with Thingyan Holiday.

Thingyan is an annual holiday season which marks the new year for Myanmar people.

During Thingyan, schools are closed, shops and businesses enjoy a week break and charity feedings are held across the country to celebrate the water festival.

The increase in commodity price is typical at this time of the year.

Ko Min Maung, who sell beverage in E-roll of Thein Gyee Market said, “The price has jumped and the stock comes short. We could say the sales is a bit of in the green. 100 or 200 kyats jump for some drinks  and 400-500 kyats up for other. Majority of the customers buy to donate to monks.”

Daw Than Than Swe, selling dried shrimp and fish says, “The price does not jump this year. The sales of the dried shrimp is not bad. Better sales than previous year I would say. The price jump is about 4000 kyats. For example, if it was 40000 kyats before, now it’s 44000 kyats.”

Despite the price jump in these commodities, rice price remains unchanged and the sales is steady.

Dr. Soe Tun, vice chair of Myanmar Rice Federation explained why the rice price is stable.

“The paddy price is inactive. This is because import to China drops as there is recent issue in import at border area. Another reason is that now is the harvest season for the summer paddy. So plenty of summer paddy now. Also, Europe imposing tax on the Myanmar rice adds to the inactive market situation.” he said.

U Tin Aung Than, the owner of the toy shop says, “We sell toys. Sales of toys for this year sees jump, compared to previous year. But in terms of price, the price is a bit higher than that of last year.”

Among the seasonal food for Thingyan, Mote Lat Saung and Shwe Yin Aye are among the most popular treat. Charity feeding usually treats Shwe Yin Aye and Mote Lat Saung, which are sweet and cool in the scorching time.

With the high demand comes the jump in price.

Ma Sandar selling Shwe Yin Aye and Mote Lat Saung near Thein Gyee Market says “Mote Lat Saung is 1000 kyats for 1 Pyi. I guess the price has increased a bit than last year. Some people buy for the family consumption and some for donation, so the price has increased a bit.”

Shwe Yin Aye contains coconut milk, rice drops with coconut milk or jaggery caramel sauce, and bread or sticky rice, while Mote Lat Saung is a simpler dessert than the former one without bread and sticky rice.

Arker Kyaw