The prices of broken rice have risen by K5,000 per bag within 15 days, according to the Wadan Rice Wholesale Centre.
The price of broken rice was K32,000 per 108-pound bag on 1 September. The price climbed up to K37,000 per bag on 15 July, reflecting a significant increase of K5,000 per bag within 15 days.
Domestic and foreign demands pushed up the broken rice price.
Additionally, the prices of rice also remain on upward trends. On 15 September, the prices of high-grade Pawsan rice varieties were constant at K93,000 per bag from the Shwebo area, K63,000 from the Dedaye area, K65,000 from Pyapon, Myaungmya and Pathein areas and K61,000 from other areas. Meanwhile, the prices of short matured rice (90 days) touched a high of K48,000 per bag. The prices of low-grade rice varieties such as Ngasein and Emahta moved in the range of K39,000-K41,500 per bag respectively.
Therefore, Myanmar Rice Federation, Myanmar Rice and Paddy Traders Association, Myanmar Rice Millers Association, and traders involved in rice wholesale centres (Wadan and Bayintnaung) have offered the rice at cheaper rates from 3 August every day between 9 am and 3 pm except for office holidays.
Ayeyawady Pawsan, Shwebo Pawsan, Pawkywe and short-matured rice varieties (90 days) will be sold at a cheaper price between K35,000 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/GNLM
