September 22, 2017

Mandalay Brokerage House introduces guaranteed sale program for rice trading

Rice sold with guarantee system being seen.
Rice sold with guarantee system being seen.

THE Mandalay Brokerage House, which facilitates trading in the rice market in Mandalay, will provide rice traders with a guaranteed sale program, said U Kyaw Min Htay, secretary of the brokerage house.
According to the executive committee of the trading centre, the commission fee is set at K50 per half bag of rice to process the trade.
As the House guarantees the seller will receive the money from buyers, possible money problems between buyers and sellers will be avoided, said the secretary.
According to sources,
it is difficult for rice sellers from rural areas, out of Mandalay, to get a guarantee on their rice sales.



Aung Thant Khaing


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