Broken rice prices on the rise in high demand

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Variegated types of rice in the market.

The broken rice prices are on the rise in the Yangon rice market recently.
The export quality of broken rice is priced at K37,000-38,000 per bag and K35,000-36,000 per small bag of 2-3-4 broken rice, said Ko Win Oo, a rice trader, told the Global New Light of Myanmar (GNLM).
The price of unfinished rice is still on the rise. The 90-day rice is K49,000-50,000 per bag and K42,000-43,000 per bag of double cropping rice.
Depending on the rice quality, it produces 20 to 28 bags of 108 pounds and the remaining weights are the broken rice and husk. The numbers of broken rice are lower than the number of rice bags. Therefore, there is a low production rate of broken rice and so the price of broken rice raises when the demand is high. Normally, the rice prices depend on the broken rice content.
The broken rice content in rice bags becomes lower than before, said Ma Nilar Oo, who purchases rice to sell at her home retail shop.
The production costs of chicken feed and alcohol are also high as the broken rice prices are on the rise. The prices of eggs also rise, said the chicken farmers.
It produces one 110 pounds rice bag and about 28 broken rice bags (3,080 pounds) per 100 baskets of rice and the broken rice fetches K1.1 million in minimum, the rice merchants shared their opinions.
Between 13 and 19 August, the country exported 2,320 tonnes of broken rice via the sea route earning $0.808 million. — TWA/GNLM

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