Rice prices rebound in domestic markets

The prices of rice that are mainly consumed locally spiked, according to the Wahdan Rice Wholesale Centre.
On 17 March 2023, Pawsan rice prices moved in the range between K70,000 and K85,000 per bag depending on the producing areas (Shwebo, Myaungmya, Dedaye, Pyapon, Pathein). Meanwhile, the prices stood at K75,000 per bag for Kyapyan, K60,000 for Kunni, 50,000 for Ngasein, K58,000 for short matured rice (90 days), K53,500 for Aemahta, K62,000 for Pawkywe, K53,500 for rice grown under intercropping season.
The prices of Pawsan rice moved up to K72,000-90,000 per bag on 28 March. The prices of various rice varieties were up by K500-4,500 per bag within two weeks.
A decrease in old paddy stocks pushed up paddy and rice prices.
Starting from 3 August 2022, Myanmar Rice Federation, Myanmar Rice Producers and Planters Association, Myanmar Rice Millers Association, and traders and brokers engaged in Wahdan Rice Wholesale Centre and Bayintnaung Rice Wholesale Centre have been working together to offer fair prices for Shwebo Pawsan from K75,000-77,000 per bag and other rice varieties to the consumers at the Wahdan Wholesale Centre.
The offer prices are K52,000-55,000 per bag of Pawsan from the Ayeyawady area, K55,000-60,000 per bag of Kyapyan, and K35,000-37,000 per bag of short-mature rice varieties (90 days) at the Wahdan Rice Wholesale Centre.
Each household can buy only one bag. Those traders and retailers are not entitled to buy them. — NN/EM