Thai rice illegally imported into Myanmar

As domestic rice prices increase, cheaper and higher quality rice is now being illegally imported from Thailand, Myanmar rice traders say. Speculation over rice shortages since nationwide flooding in July and August increased transportation costs in some areas, and high production costs for farmers have driven up rice prices around the country. To still the […]

Rice Federation Forecasts Exports to Resume as Scheduled in Mid-September

RANGOON — Recently halted after severe flooding that inundated swathes of the country, Burma will resume rice exports as scheduled from mid-September, the country’s rice federation said on Monday. Members of the Myanmar Rice Federation had agreed to a temporary pause on exports and to sell domestically at regular prices to buyers in urgent need […]

Floods take a toll on domestic economy

Commodity prices have spiked with the flooding of hundreds of thousands of acres of farmland, hitting domestic consumers in the pocketbook. Experts are calling for a coordinated government and private sector response to ensure the spike does not get out of control. U Ko Ko Gyi, a member of the Pyithu Hluttaw from Mandalay Region […]