Domestic rice price falls slightly

According to the Myanmar Rice Federation (MRF), the price of domestic consumption high quality and low-quality rice has fallen slightly.
During these days, the high-quality Pawsan was priced at K47,000 per bag, whereas the price dropped to K 46,000 per bag, right now. Similarly, the price of rice for Kyarpyan moved in the range of K49,000-K50,000 per bag, but the price declined to K47,500-K48,000 per bag.
Likewise, the low-quality rice price was set at K26,500 per bag in earlier days, it has dropped to K25,000 per bag presently. The 90 days rice was being traded for K31,000 per bag earlier. Now, it is priced at only K30,000 per bag.
The decrease in the domestic price of rice is likely due to less demand for rice, said U Zaw Khaing, CEC of the Myanmar Rice Federation.
This scheme is 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 5,000 108-pound rice bags have been sold as of 20 October 2021.
Ayeyawady Pawsan, Shwebo Pawsan, Pawkywel, short matured rice varieties (90 days) and sticky rice are being sold at a cheaper price between K23,500 and K54,000 per bag.
About one to five 108-pounds 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 Street, Port Compound, Lanmadaw Township, Yangon through the contact numbers (09421167474 and 01218266-68) of the centre. — NN/GNLM