The price of broken rice jumped to K43,000 per 108-pound bag, according to the Wahdan Rice Wholesale Centre.
The price of broken rice was K40,000 per 108-pound bag on 10 February 2023. The price regained to K43,000 per bag on 14 February 2023, reflecting a significant increase of K3,000 per bag within a few days.
The rice demand of exporters pushed up the price of broken rice, traders said.
Additionally, the prices of various rice varieties also moved up in the domestic markets. The prices of new high-grade Pawsan rice were around K72,000-87,000 per bag, while old 90-day short-mature rice fetched K61,000 and new one was valued at K56,000. New Khuni rice was worth K63,000 per bag.
Myanmar Rice Federation, Myanmar Rice and Paddy Traders Association, Myanmar Rice Millers Association, traders involved in rice wholesale centres (Wahdan and Bayint Naung) have offered rice at a cheaper rate from 3 August 2022 every day between 9 am and 3 pm except for office holidays.
Ayeyawady Pawsan, Shwebo Pawsan, Pawkywe and short-mature rice varieties (90 days) will be sold at a cheaper price between K35,000 and K77,000 per bag.
Each household is entitled to buy one rice bag only and those resellers, traders and retailers are excluded from this scheme. — NN/EM