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Myanmar: Rice price rises in Nay Pyi Taw
Myanmar: Rice price rises in Nay Pyi Taw
Tuesday, 26 July 2016 – To the surprise of industry insiders, the price of rice in Nay Pyi Taw continues to rise. As of the last week of July, the price of one popular brand had reached almost K850,000 per 100 tins (each tin holds 9 gallons), entrepreneurs said.
Rates have been rising since May despite China’s refusal to legalise rice imports from Myanmar.
Ko Myo Linn Aung, who runs a rice storage facility in Pyinmana township, said the price of Ma Naw Thu Kha rice has reached almost K840,000 per 100 tins. “It rose by K20,000 to K30,000 just this month. The brand was selling at K750,000 in May, reaching K800,000 in June,” he said. Read More?