July 27,2022
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
