Mawlamyine, August (20)
In Mon State, the price of rice has more than doubled in a year and a half after the military coup, the rice suppliers told Than Lwin Times.
Quality rice, also known as Paw Hsan Hmwe, saw a price increase after the military takeover, going from 32,000 kyats to more than 65,000 kyats per bag, and Emahta rice, from 25,000 kyats to 45,000 kyats per bag.
After the military coup, the price of rice rose due to the high prices of agricultural inputs, the steep rise in transportation and general costs.
Because there is currently less paddy rice in stock, the price of paddy rice has increased, which has caused the price of rice to soar.
Additionally, because there is no electricity available for grinding rice, most of the time, motor oil is used instead. This causes a problem for business owners because fuel oil is expensive and they cannot afford to buy as much they need.
In the domestic rice market, as the price of rice continues to rise, there are few buyers with stagnant transactions.
More than 700,000 acres of rice are cultivated in Mon State, and more than 43,000,000 baskets of milled rice are produced there annually and exported to some regions and states.
News – Than Lwin Times