Myanmar's traders lower rice price to reduce household spending amid pandemic


Although Myanmar is an agricultural country and a rice exporter, commodity prices including that of rice are on the rise amid the Covid-19 pandemic. - AFP

YANGON (Xinhua): Myanmar's rice producers and traders have retailed rice at lower prices in the country's commercial hub of Yangon starting from Wednesday as food prices are soaring.

In the commercial hub Yangon, the price of Emata rice, or the Myanmar long grain rice, a staple food for locals, and the special groundnut oil increased by about 5.8% and 6.4% on Wednesday respectively, compared to a week earlier, showed the Central Statistical Organization (CSO)'s data.

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