In addition to effort to control price, there are both old and new paddy as well as newly-harvested summer paddy, so there is full guarantee of domestic rice security and no need to worry, Myanmar Rice Federation chair U Ye Min Aung.
“We have adequate rice security. In our country, there are old rice stocked last year and new rice of this year’s summer paddy. It is summer paddy harvest season in middle part of Nay Pyi Taw Council Area. Both old paddy and rice produced last year so there is a full guarantee of domestic rice security. That is why, our people don’t need to worry about it. We have also worked on price stability at the same time,” he said. “We have sufficient rice security because we have both old rice and paddy, so it doesn’t need to worry,” he affirmed.
At the same time, MRF has made sure that there is regular rice supply into three major markets- Nay Pyi Taw. Yangon and Mandalay and also tried to regulate the price in accordance with monthly reference rate by the Ministry of Commerce. Meanwhile, rice is being sold at affordable price for the public.
“We have tried at our best. But it doesn’t mean we control the rice market 100 per cent. Our country practices market economy, so farmers and rice millers are eligible to trade independently. However, reference price has been set now, so all stakeholders are required to follow it. We have also urged them to be broadly aware of it. We can say roughly that rice price has been stable, at present,” he said.
MT/ZS
