October 19, 2017

Rice price rises with foreign demand

Myanmar farmers harvest rice in Kangyidauk in Ayeyarwady delta. Photo: Phoe Khwar/GNLM

With high foreign demand and erratic weather, the price of rice has risen during the post-Thingyan period.
The price is up by about Ks1,500 per bag of low-quality rice, ranging from Ks16,500 to Ks21,000.
Similarly, high-quality rice also shows an increase of around Ks5,000 a bag, according to the rice depot.
The export volume rose pre-Thingyan with Sri Lanka and China demanding more rice.
But untimely rain during the Thingyan Festival hiked up the price of rice, according to Myanmar Rice Federation. The lack of grain dryers also resulted in a decrease in production, said rice merchants. —Ko Htet

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