Rice price in domestic market rises to over K 5,000 per bag

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A combine havester is in operation for winnowing paddy.

The rice price in domestic market has climbed to over K5,000 per bag (containing 108 pounds), according to the data of Mawlamyine Commodity Depot.
The rice price on 1 July for Pawsan (80 marks) fetched K 37,200 per bag while Pawsan (90 marks) was K 39,400 per bag. Pawkywe (80 marks) rice was priced at K 32,200 per bag while Pawkywe (90 marks) hit K 33,700 per bag. The price of Emahta rice (80 marks) was sold at K 25,300 per bag while Emahta rice (90 marks) was priced at K27,300 per bag.
On 14 August, the price of Pawsan (80 marks) rice reached K 42,400 per bag while Pawsan (90 marks) fetched K 44,600 per bag. Pawkywe (80 marks) was priced at K 34,600 per bag while Pawkywe (90 marks) was sold at K 36,100 per bag. The price of Emahta rice (80 marks) was priced at K 26,800 per bag while Emahta rice (90 marks) fetched K28,800 per bag.
As a result, the price of rice bag containing 108 pounds has risen from K1,500 to K5,200 depending upon the rice quality, respectively.
The price of rice, a staple food for the people, has gradually risen since July. These rice prices have been rising steadily since the monsoon paddy is started cultivating season in May. Each type of rice verity has increased by K2,500.
Although the rice prices are rising continuously this year, the price is not much different from last year.
Mawlamyine Commodity Depot expected that the rice prices are likely to rise continuously next month because COVID-19 pandemic and natural disasters are also affecting the rice market.—NN/GNLM

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