MoC urges rice traders to adhere to fair market prices

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  • MoC urges rice traders to adhere to fair market prices

THE Consumer Affairs Department under the Ministry of Commerce stat­ed that reasonable market prices of rice for March 2025 were issued, and non-compliance with the set prices is subject to legal action.

The Ministry of Commerce issued reasonable prices for all varieties; K68,000-K80,000 per 108-pound bag of non-premium rice (Aemahta, Ngasein, Sinthukha, Ngasein Yakyaw, Kayinma, Yadanatoe, Tunpu, GW-11, Sawshoke 747, Theepu, Shweman, and Hnankauk among others), K82,000 per bag of rice varieties (Zeeya, Ngwetoe, Minaya, Hnankauk, Shweman) that are con­sumed locally and exported, K94,000 to K99,000 to Shwethwe, Anyatha, Pakan, Hmawby -2,3, 90-day short matured rice, Manaw Thukha, Sinthuka, Byawtun, Ayeyapadetha and Ayeyamin produced from Ayeyawady, Yangon and Bago re­gions, K90,000-K150,000 to moderate quality rice including Magyantaw, Ay­eyamin and Ayeyapadetha produced from Mandalay, Magway, Sagaing, Nay Pyi Taw and upper Myanmar regions, and premium Pawsan rice ( Ayeyawady Pawsan and Shwebo Pawsan). The re­tailers are not entitled to make more than eight per cent of the set reasonable market prices, the ministry announced.

The ministry determined reason­able market prices by considering the following factors: fair profit for farm­ers, millers and distributors, reason­able prices for consumers, last year’s market price, global market prices and other commodities prices. There are separate prices for modern trade with consumer packaging at mini-marts and supermarkets.

If individuals have difficulty buying rice, they are urged to contact the My­anmar Rice Federation. The buyers can complain about overpricing to the Con­sumer Affairs Department and MRF.

MRF warned that overpricing, sales with inaccurate measurement and quality and non-compliance with di­rectives are subjected to fines, taxation and prosecution under Section 5 of the Essential Supplies and Services Law. Thus, rice millers, rice shops, traders and merchants are encouraged to follow the rules. — NN/KK

Source: https://www.mdn.gov.mm/en

 

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