Farmers said that the price of rice set by the Myanmar Rice Federation on September 19 is low compared to the external price.
They said that on the other hand, the cost of planting and harvesting is high, and when the rice is ready to be sold, the price of rice is set as a price offset, so they are only going to make a loss.
The Myanmar Rice and Rice Federation said that during the rainy season of 2023, the price of rice should be fair and reasonable. After holding a meeting with the rice traders, the price of one hundred baskets of rice was set to be traded from 13,000 kyat to a maximum of 20,000 kyat depending on the type of rice.
U Ye Min Aung, president of the Rice and Rice Association, said that this is set in order to stabilize the price of rice.
In order to stabilize commodity prices, rice, including edible oil, was announced to be sold as a reference price in the past few days.
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Myanmar's main business is rice agriculture, and rice is the most exported product.
As they plant once a year according to the type of rice, There are also those that grow up to three times a year.
In the coming days, the rainy season will come out and the farmers are hoping for a good rice price.
In order to ensure that rice farmers do not suffer during this year's rainy season and to stabilize the price of rice, the Myanmar Rice and Rice Federation has announced the reference price for each type of rice a few days ago.
The prices of 100 baskets of rice as stated in the statement by the Rice Federation are 13,000 to 15,000 kyats for the guest group Nga Sein Rice Group. As for the Irrawaddy Porsan group, 16,000 to 20,000,000. Shwebo rice group from 18 lakh to 20 lakh kyat and Eramin, The giant rice groups are set at 16,000 to 18,000 kyats.
He said that the set price of rice will get 50 percent profit for the farmers who grow rice.
After the military coup, the military council used to publish basic rice prices, and at that time, if the market price was above the basic reference rice price, it was announced to buy at the market price, and if the market price was below the basic reference rice price, it was announced that it should be bought at the basic price.
Currently, the market price varies from a minimum of 15,000 kyats to a maximum of 20,000,000 kyats per hundred baskets of rice according to the type of rice.
The farmers said that it would be convenient if they had to buy and sell according to the external market price, but after the increase in the dollar exchange rate, the price of inputs, including fertilizer, is high, so the situation of planting rice continues to be unreasonable.
"Farms and soils are different from one place to another, so we have to add soil, It's different from using pesticides. Another thing is that the price of soil they calculate makes it difficult to actually buy it outside," said a farmer.
"It's a position of not losing. excellent It must be said that biting has not existed in rural life for a long time. One hundred thousand per acre of land is worth 100,000. If you don't do that, you won't be able to do anything else,'' said a farmer.
In addition, farmers said that if they store more than 5,000 baskets of rice and 50 bags or more of rice, they have to submit a list, and they are not allowed to sell rice across borders, so there are difficulties.
Last year, 2022, the rice base reference price was set at 630,000 Kyats by the leading group for the protection of farmers' rights and interests, which was formed by the Military Council.
