The international rice price has fallen by 40% compared to last year, leading to a decline in export  price of rice such as Ae-ma-hta and Ngasein, but respective mills are buying wet paddy at K 1.1 to 1.2 million kyats and dry paddy at 1.3 to 1.4 million kyats, according to the Myanmar Rice Federation.

Following the negotiations to boost exports and enable a fair market prices for exporters, millers and farmers, mills are buying at these rates, it stated.

However, recent social media reports have suggested that the price of rice has fallen to K 800,000. These reports are just a copy and share from social media without concrete data on producing villages, farmers , rice type, fertilizers and agricultural chemicals.

The MRF has suggested that if the price is really that low, the complete data should be sent to the federation, which will then negotiate fair prices.

Sin Thukha, Manaw Thukha, Phantee Thukha, and Yat Koe Sal varieties should be given priority as they have export markets in China, it said.

If the price of wet rice falls below K1.1 million, the farmers are advised to send their village name, farmer name, rice variety, estimated baskets to sell and contact numbers to the MRF at 01-21826668,01-230112829.

MT/ZN