March 29
THE domestic price of rice has increased according to Myanmar Rice and Paddy Traders Association, Rice Wholesale Centre (Wahdan).
Currently, the price of a 108-pound bag of rice is ranging between K47,000-K50,000 for Paw San, K53,000-K55,000 for Kyar Pyan Shae, K39,500 –K41,000 for special Khon Ni, K32,500- K33,500 for 90-day rice in the domestic market.
Similarly, the price of a 108-pound bag of rice was ranged between K39,000-K40,000 for Paw San, K46,000-K48,000 for Kyar Pyan Shae, K31,000 – K32,000 for Khon Ni Shae, K2,9,000-K30,000 for 90-day rice on 1 March.
There is, therefore, a gap of K3,500-K10,000 per 108-pound rice bag in a month.
The rise in the price of rice can be attributed to an increase in the paddy price, according to the rice traders.
Currently, the price of paddy is surging because of the lower supply of paddy. And, the Paw San was priced at over K1 million per 100 baskets while the Emahta monsoon paddy was ranged from K708,000-K800,000 per 100 baskets.
Under the guidance of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and Myanmar Rice Federation, Myanmar Rice and Paddy Traders Association and Rice Exporter Companies are selling rice at an affordable price, roaming about the city by the cars for the consumers in Yangon Region.
They are selling for K1,000 per basket for low-grade rice and K1,700 per basket for Paw San rice.
This mobile sale scheme is being implemented by MRF, Myanmar Rice and Paddy Traders Association, rice wholesale centre (Wahdan), traders and brokers with a view to offering the rice at a fairer price starting from 14 September 2021.
About one to five 108-pound bags can be individually purchased. Those who want to buy them can come and buy at the Wahdan rice wholesale centre located at No 100 between Lanthit and Wahdan streets, Port Compound, Lanmadaw Township, Yangon through the contact numbers (09 421167474 and 01218266~68) of the centre. — NN/GNLM
