Mawlamyine, May (26)
Rice prices have skyrocketed in Mon State more than a year after the military coup, the rice traders told Than Lwin Times.
The price of rice has risen from around 32,000 kyats per bag before the military coup to 54,000 kyats after the military coup, an increase of 22,000 kyats.
In addition, the price of raw rice, Emata, has risen from 25,000 kyats to 34,500 kyats per bag, rising to nearly 10 000 kyats per bag. The price of rice has reached a record high in Mon State.
Rice prices have risen as a result of power outages, rising fuel prices, and higher general costs, including transportation costs, according to a rice merchant.
Furthermore, rice dealers expect that paddy prices will continue to rise as paddy supplies decline due to the current growing season.
The market is stagnant due to increased rice prices, and there are few purchasers.
Paddy farmers have struggled to grow monsoon paddy despite soaring rice prices, due to skyrocketing agricultural input prices during the military coup.
Mon State has about 700,000 acres of paddy and produces over 400,000 tons of paddy each year.
News – Than Lwin Times