Ayeya Pawsan rice price rises to K1.3 million per 100-basket

The prices of Ayeya Pawsan rice increased to K1.3 million per 100-basket (46 pounds), according to the Ayeya Trade Centre.
In early July, Ayeya Pawsan’s rice price was only K1,227,000 per 100-basket. The price climbed up to K1.3 million per 100-basket in August.
Therefore, the figure shows an increase of K73,000 per 46 pounds within one month.
Low inventory, strong demand from millers and traders in Yangon and other domestic markets and robust demand for rice and rice products hiked up the rice price.
Tracking high paddy prices, rice prices have also gained. On 4 August, Pawsan rice prices reached a minimum of K57,000 per bag and a maximum of K66,000 per bag. Short-matured rice price (90 days) fetched K40,000 per bag.
Starting on 3 August, the Myanmar Rice Federation, the Myanmar Rice Producers and Planters Association, the Myanmar Rice Millers Association and traders and brokers engaged in the Wadan Rice Wholesale Centre and Bayintnaung Rice Wholesale Centre have been working together to offer fair prices for Shwebo Pawsan and other rice varieties to the consumers in the working days between 9 am and 3:30 pm.
The offer prices are K75,000-K77,000 per bag of Shwebo Pawsan, K52,000-K55,000 per bag of Ayeyawady Pawsan, K55,000-K60,000 per bag of Kyapyan, and K35,000-K37,000 per bag of short-matured rice varieties (90 days) at the Wadan Rice Wholesale Centre.
Sales volume is limited to one bag per household. Those traders and retailers are not entitled to buy them.—NN/GNLM