Broken rice price rebounds

The price of broken rice has risen again, according to the Wadan Rice Wholesale Centre. The price of broken rice was K38,000 per 108-pound bag at the end of December 2022. The price regained to K42,000 per bag on 3 January 2023, reflecting a significant increase of K4,000 per bag within a few days.
Additionally, the prices of rice also moved up in the domestic markets. The prices of old high-grade Pawsan rice increased to nearly K1 million per bag, while new varieties fetched K60,500-72,000 per bag. Other rice varieties (Kyapyan and 90-day short matured rice) were priced from K52,000-70,000 per bag.
Myanmar Rice Federation, Myanmar Rice and Paddy Traders Association, Myanmar Rice Millers Association, traders involved in rice wholesale centres (Wadan and Bayintnaung) have offered rice at a cheaper rate from 3 August 2022 every day between 9 am and 3 pm except for the government office holidays. Ayeyawady Pawsan, Shwebo Pawsan, Pawkywe and short-matured rice varieties (90 days) will be sold at a cheaper price between 35,000 and K77,000 per bag. Each household is entitled to buy one rice bag only and those resellers, traders and retailers are excluded from this scheme. – NN/EMM