NSS – Aug 3 

The Myanmar Rice Federation announced on 2nd July that a total of 50,000 bags of reserved rice will be sold at the price of not more than 60,000 MMK per bag in the market as part of the mechanism to ease the increasing rice price.

On 27th July, the MRF announced that the federation will arrange plans with the cooperation of the export companies for ensuring the price stability of the rice including delivering the reserved rice into the market as soon as possible. 

According to that announcement, a total of 50,000 bags of ‘25% stage Single Polished and Sorted El Ma Hta’ rice will be sold in August at a price of not more than 60,000 MMK per bag as an initial intervention.

Those reserved rice will be sold especially for grassroots families from the industrial zones, low-income departmental families, and blue-collar workers, the MRF announced.  

Necessary action plans are expected to be taken by the MRF as part of the market intervention to control the skyrocketing rice price.