The Department of Consumer Affairs has announced that a bag of 24 pyi of rice will be sold in the domestic rice market in May, ranging from a minimum price of Ks.60,000 to a maximum price of Ks.150,000 per bag, depending on the type. Emata rice in the group for export will be sold at a price of Ks.60,000 to Ks.72,000 per bag, depending on the percentage of broken rice, while rice groups that are both exported and consumed domestically were prescribed to sell at a price of Ks.68,000 to Ks.78,000 per bag, and Ayeyarmin, Ayeyarpadaythar, and Majamdaw were prescribed to sell at a price of Ks.89,000 to Ks.133,000 per bag.
Shwethwe, Anyathar, Pakham, Sinthukha, 90-day, and Lonethwe Hmwe rice were prescribed to sell at the price of Ks.75,000 to Ks.92,000; Ayeyarwady Pawsan at the price of Ks.107,000 to Ks.125,000; and Khonni and Pawkywe in the group of Pawsan are priced at Ks.90,000 to Ks.102,000, and Baykya and Kyapyan are priced at Ks.117,000 to Ks.135,000 depending on the type. Shwebo Pawsan was priced at Ks.130,000 to Ks.150,000. It has been stated that the price of rice sold in the market must not exceed 8 per cent of the current reference price.
The price of export rice is subject to change depending on the international market situation and exchange rates. If there is a change, the price of rice must be negotiated within 10 per cent of the reference price. Action is being taken against those who are selling at higher prices and lower quality by Section 5 of the Essential Goods and Services Act. Therefore, the Myanmar Rice Federation has notified rice mills, shops, traders and entrepreneurs to comply with the rules and regulations.
