Domestic rice market sluggish in monsoon season

THE domestic rice market is experiencing a slowdown dur­ing the rainy season, according to the Bayintnaung Commodity Wholesale Market in Mayangon Township, Yangon Region.

It is usual that the trading of various rice, including premium quality and non-premium rice, is sluggish in the monsoon season.

“The domestic market faces a slump. Prices of non-premium rice varieties, including Aemah­ta, Manawthukha, and 90-day matured, are surging. Price hike slows down the demand of exporters,” said a rice trader engaged in Bayintnaung Whole­sale Market.

Supply chain to the Bay­intnaung Commodity Depot is interconnected with the produc­tion circle, transportation and FOB orders. Rice and broken rice from Bago, Ayeyawady and Mandalay regions primarily flow to the Bayintnaung Wholesale Market. — ASH/KK