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April 01, 2020

MRF reaffirms sufficient rice stock in domestic market

False rumours on the rice market to panic the public has prompted the Myanmar Rice Federation (MRF) to notify again on 24 March that the federation has an adequate quantity of rice in the domestic market.
The federation asked its members to disseminate correct and genuine news that quality rice can be purchased at fair prices so as to calm down the concerns of the people. All rice dealers and depots should participate in this awareness campaign.
It also urged the rice millers and traders not to clear all the stockpiles they have and requested them to leave the proper quantity as reserve rice.
The federation is prioritizing domestic market stability and self-sufficiency in coordination with the related governmental departments and all the stakeholders engaged in the supply chain, including exporters, traders, depot owners, and millers, according to a press statement of MRF.
The MRF is monitoring the Covid-19 effects in the foreign and domestic markets and working together with stakeholders in the respective regions and states to govern the market. For export, the federation will call on the government to take systematic measures together with the exporters.
At present, some people are panic-buying the food and consumer goods in preparations for the negative impacts of the Covid-19 pandemic. Therefore, some are worrying over a possible price hike in the domestic market in the wake of the coronavirus, said a market observer.
The government, as well as some associations, also have rice reserve schemes. At the present time, millers and companies are distributing rice at a fair price. This being so, people do not need to raise concerns over that and can contact the MRF, Myanmar Rice and Paddy Traders Association, Myanmar Rice Millers Association, and Bayintnaung, Wadan, Mandalay and Shwebo commodity depots when market problems occur.
During the Covid-19 outbreak, the federation has formed MRF Covid-19 Emergency Response Task Force according to contingency and service continuity plan so as to carry out the necessary matters via the following phones and emails – 012301128-29, 01218266-68 and [email protected], [email protected], [email protected], [email protected]GNLM (Translated by Ei Myat Mon)

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