MRF warns rice traders to ensure price stability and avoid irregular trading practices

ON 3 October, the My­anmar Rice Federation (MRF) issued a public statement urging rice traders to strictly com­ply with regulations set by the State and relevant organizations, including those prohibiting trans­actions through multiple layers of rice brokerage channels inside or out­side designated rice wholesale centres and irregular trading prac­tices intended to drive up prices.

 

The federation also issued four mandato­ry guidelines for rice traders to ensure the stability of Myanmar Pawsan rice prices and promote increased ex­port volumes. The state­ment stipulates that rice traders operating within wholesale centres must systematically maintain records of incoming and outgoing rice in the prescribed format and submit them daily to the respective wholesale centres.

 

Furthermore, mem­ber rice traders across Myanmar are urged to register their warehous­es on the Myanmar Rice Online (MyRo) registra­tion system and update their rice inventory vol­umes in a timely manner in accordance with the established rules and regulations.

 

The MRF also re­minded all rice traders to fully cooperate with and comply with rice pricing guidelines and regulations issued by the relevant depart­ments and organiza­tions. — TWA/TH