August 19, 2016

Rice prices rise in Bago

Bags of rice await sale at a mill. Photo: Kyemon
Bags of rice await sale at a mill. Photo: Kyemon

FARMERS in Phyu Township, Bago Region, have set high prices for rice, even though a large volume of new monsoon rice is now entering the market, according to one farmer.
The Thukha-2, Sinthukha and Manawtun rice strains doubled this year, trading at around K60,000 (US$461.17) per 100 baskets.
Farmers expect to make record earnings from their current rice stocks.
“Farmers will be able make a profit by selling their stocks this year,” said a farmer from the eastern part of Phyu Township. “We charged just K500,000 for 100 baskets last year.”
Among the six townships in Taungoo Distinct, Bago Region, Phyu Township is the primary producer of monsoon paddy and winter crops such as beans.
Those farmers in the township cultivated over 150,000 acres of monsoon paddy and over 100,000 acres of winter crops this year.—Phyu Myint Oo


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