Upward trend persists in old Pawsan rice price despite fresh supply

Pawsan rice varieties are displayed at the rice retail outlet.

The prices of old Pawsan paddy from the Shwebo area continue to gain at K2.63 million per 100 baskets, notwithstanding that newly harvested Pawsan paddies are entering the markets, according to Myanmar Shwebo Pawsan Producers, Planters and Exporters Association.
The new Pawsan paddy fetched K1.63 million per 100 baskets. The figures, therefore, show a price difference of K1 million against the old ones.
Similarly, Shwebo Pawsan rice prices also follow paddy prices. The price of old Shwebo Pawsan rice is estimated at K940,000 per bag, while the new one is valued at K63,000 per bag.
The price of old Pawsan rice from the Shwebo area peaked at K100,000 per bag in Yangon markets.
Starting from 3 August, 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 at around K75,000 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.
On 7 December, the rice prices in Yangon markets stood at K98,000 per bag of Pawsan variety produced in the Shwebo area, K63,000 for the one from Dedaye and Pyapon areas, K65,000 for the one from Myaungmya and Pathein areas, while the prices of other Pawsan varieties are estimated at 62,000 per bag. New Pawsan fetched K55,000 per bag. The Kyapyan variety is valued at K68,000 per bag, whereas the short-matured rice variety (90 days) is worth K47,000 per bag. The prices of low-grade rice were K47,000-52,000 per bag depending on varieties (Aemahta, Meedon). Old rice grown under the intercropping system was priced at K47,000 per bag. —NN/EMM

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