Over 47,000 bags reserved rice sold at fairer price within 2 months

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Workers refill reserved rice into smaller packaging for sale. photo: supplied

Over 47,000 bags (108 pounds per bag) from reserved rice have been sold between 10 July and 8 September, according to Myanmar Rice Federation (MRF).
Of them, Yangon traders made the most significant purchase with 31,990 bags, followed by Nay Pyi Taw with 4,300 bags.
Additionally, 3,600 bags are sold in Mon State, while 2,420 in Taninthayi Region, 2,000 in Chin State, 1,373 in Mandalay Region, 1,000 in Kayah State, 400 in Bago Region, 400 in Magway Region and 100 in Sagaing Region.
A total of 500,000 bags from reserved rice have been planned for sales. As of 8 September, 47,583 bags have been sold, and 452,417 bags are still in stock for sale.
Regarding the rice purchase at a much fairer price, those interested retailers and factories can contact through mobile numbers 09-694386994/5 of MRF and 09-694386996 of Myanmar Rice and Paddy Traders Association.
At present, MRF purchased the rice bags at K22,400 per pack from the Consumer Affairs Department and distribute them at K22,800 per 108-pound bag to the registered retail shops, to pay storage charges.
It is the government’s move to sell the rice at K1,000 per pyi (2.13 kg), which is a much fairer price than the prevailing market price. MRF is supporting the government’s plan with non-profit, the federation reported.
The Ministry of Commerce, Myanmar Inspection and Testing Service (MITS), the authorized organization of the State and MRF implemented rice reserve scheme on 30 April.
The state’s emergency rice reserve is to ensure food security, keep the price stable in the domestic market, continue to export them regularly and lessen the worries of the consumers during the COVID-19. (Translated by Ei Myat Mon)

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