Shwebo Pawsan rice price peaks at K7,600 per bag

ZDaTeM10 12
Farmers are pictured drying the harvested paddies. Photo: Wai phyo augn(IPRD)

The price of the Shwebo Pawsan rice variety hit a high of K76,000 per bag in the domestic market, according to the Wadan Rice Wholesale Centre.
On 1 July, the highest price was only K66,000 per bag, whereas it significantly rose to K76,000 per 108-pound bag on 26 July, showing an increase of K10,000 within 20 days.
On 1 July, high-quality Pawsan varieties produced in different regions were priced at K49,000 per bag at minimum and K53,000 per bag at maximum. On 26 July, the prices increased to K52,000-55,000 per bag, reflecting an increase of K2,000-K5,000 within 20 days.
Traders remarked that rice prices jumped tracking unhusked rice. The prices of unhusked rice are moving onwards on low inventory, moving between the range of K1,150,000 and K1,260,000 per 100-baskets.
The Myanmar Rice Federation, the Myanmar Rice Industry Association, and traders and brokers engaged in the Wadan Rice Wholesale Centre are working together and offering rice at reasonable prices to consumers in Yangon Region.
Each consumer can purchase one to five bags of some rice varieties at the Wadan Rice Wholesale Centre (contact number 09421167474, 01218266-68) every day between 9 am and 3 pm in Lanmadaw Township. This scheme commenced on 14 September last year. — NN/GNLM

Share this post
Hot News
Hot News
13 July 2024
Families of Office of the Commander-in-Chief (Army, Navy and Air) hold second monsoon tree-growing ceremony
Artistic Space Art Gallery hosts ‘Three R Collector’s Show’
Myanmar showcases traditional arts & foods at Lanna Expo 2024
MoE Deputy Minister meets Sri Lankan Ambassador
SAC Member attends demonstration of paddy cultivation in Pantanaw
Central Body for Summoning People’s Military Servants holds 5/2024 meeting
CBM Governor receives Sri Lankan Ambassador to Myanmar
DPM MoFA Union Minister attends 2nd BIMSTEC Foreign Ministers’ Retreat in India
Myanmar delegates join ASEAN Parties Against Corruption meeting