Approximately 40,000 rice bags daily enter Bayintnaung rice wholesale centre

Bayintnaung rice wholesale centre sees a low influx of rice and broken rice at present, with about 40,000 bags entering the market, said U Than Oo, secretary of the Bayintnaung rice wholesale centre.
Earlier, more than 100,000 bags were daily supplied to the market. The Bayintnaung market receives 40,000 bags at most.
“Normally, around 120,000-130,000 bags enter the market during the monsoon rice season. It’s an interval time between monsoon and summer rice seasons. That is why the rice supply is 40,000 bags in maximum,” he was quoted as saying.
The inventory of monsoon paddy is low at present. The summer paddy is going to flood the market soon.
The prices of rice are increasing both in domestic and export markets.
The prices of low-grade rice varieties (long-grain rice) remain over K30,000 in the domestic market. Furthermore, the prices of Pawsan high-grade rice varieties are worth over K40,000-50,000 per bag. Highly consumed Pawsan rice varieties produced in the Shwebo area are valued at over K50,000 per bag.
Next, the prices of low-grade rice varieties are relatively high in the export market as well, ranging from K25,000 to K27,500 per 108-pound bag.
Myanmar delivered more than 1.07 million tonnes of rice and broken rice in the past four months of the current mini-budget period (October 2021-March 2022). Between 1 October 2021 and 31 January 2022, Myanmar shipped over a million tonnes of rice via maritime trade and over 60,000 tonnes were sent to the neighbouring countries through cross-border posts, the Myanmar Rice Federation stated.
Myanmar generated over US$700 million income from exports of approximately two million tonnes of rice and broken rice in the past financial year 2020-2021. — NN/GNLM