Shwebo Pawsan rice price rockets to K110,000 per bag

 

June 7

 

THE price of Shwebo Pawsan rice continued to surge to K110,000 per bag following the rise in paddy price, according to the Wahdan Rice Wholesale Centre. Shwebo Paddy's price climbed to K3 million per 100 baskets.

 

Similarly, the prices of other rice varieties are also moving onwards in the Yangon market. Pawsan rice prices moved in the range between K86,000 and K93,000 per bag depending on the producing areas (Myaungmya, Dedaye, Pyapon, Pathein). The new Pawsan rice price was K87,000 per bag. Meanwhile, the prices stood at K92,000 per bag for Kyapyan, K77,000 for Kunni, 58,000 for Ngasein, K74,000 for short matured rice (90 days), K62,000 for Aemahta, K78,000 for Pawkywe, K64,000 for rice grown under intercropping season, according to the Myanmar Rice Wholesale Centre (Wahdan). Myanmar Rice Federation will join hands with the rice millers, rice traders and companies to stabilize the rice price and steer the market for the right price and the right product and encourage the mill owners to achieve performance balance between the short-term and long-term, as per the MRF’s notification dated 24 April.

 

Individuals and family entities can contact the rice wholesale centres for a fair price and the right product. For any difficulties, please contact the office of the MRF, as per the statement.

 

Additionally, it will inspect those manipulators who spread malicious rumours on digital platforms to spark the concerns of the consumers and raise the rice prices for the sake of the long-term benefit of the rice industry. The federation will forward the reports to the relevant authorities. Those stakeholders in the supply chain need to exert concerted efforts in this.—NN/ EM