Recently, rice and broken rice were launched at Boyinlang Agricultural Trade Station in Yangon, Myanmar, and a large amount of rice and broken rice poured into the market. It was learned from local residents that due to the oversupply of rice and broken rice in the market, the market price is on a downward trend.
Data shows that in the last week of September, about 50,000 bags of rice and broken rice entered Yangon Boyinlang Agricultural Trade Station. On October 3, about 100,000 bags of rice and broken rice entered the market. The Myanmar Rice Traders Association has issued a relevant statement on this. It is the season when rice and broken rice are on the market, and the prices of rice and broken rice that have been at high prices for a long time have declined.
Since the first week of this month, the average price of rice in various types of 24 baskets per bag has dropped by 2000~5000 Myanmar Kyrgyz . On October 7, the Myanmar Rice Traders Association updated the price of the listed rice. The guide price of a bag of Ruibao Boshan rice is 90,000 Myanmar Kyrgyz, the guide price of a bag of Bosheng rice is 65,000 Myanmar Kyrgyz, the guide price of a bag of Mumia Boshan rice is 65,000 Myanmar Kyrgyz, and the guide price of a bag of Boshan rice is 65,000 Myanmar Kyrgyz.
However, at the farmers' market outside, the retail price of a bag of Ruibao Boshan rice is 93,000 Bursaki, a bag of Bosheng rice is 71,000 Bursaki, a bag of Mumia Boshan rice is 70,000 Bursaki, and a bag of Walled Poshan rice is 69,000 Bursaki.
Since the outbreak of the epidemic, in order to prevent malicious speculation, the authorities have listed epidemic prevention-related medical supplies and foods as important commodities, and have strictly investigated and punished those who have high prices wholesale or hoarded items that disrupt the market. In addition, the Ministry of Commerce, MITS and the Myanmar Rice Association have joined hands to carry out grain reserve plans to restrict the export of strategic materials such as rice and ensure sufficient domestic rice supply.
Myanmar is a major agricultural country and develops a grain reserve plan every year. When exporting rice abroad, domestic grain demand needs must be ensured. The demand of the animal husbandry industry is the premise, and then rice can be exported abroad and exports can be increased according to the output. It is learned from the Myanmar Rice Traders Association that the export of Myanmar rice and broken rice has increased by 10% per year on average. While increasing the export volume, the Rice Traders Association is also improving the quality of rice.
