Myanmar: The week when rice prices fell

Published 2022년 10월 8일

Tridge summary

The article reports a decrease in the prices of rice and pulses in the Yangon market, attributed to falling foreign exchange rates and the influx of new rain rice. Soybean prices are also down due to currency fluctuations, though exports remain stable due to Indian demand. Red bean prices are declining due to falling silver prices, while green bean prices are stable with minor fluctuations. The price of onions is fluctuating based on traffic, with nearly 200,000 pounds entering the market daily.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With the decline in foreign exchange rates, the prices of pulses continued to fall, and rice, which had remained stable for the past few weeks, This week, the price of rice also went down. This week, the price of rice in the Yangon market has decreased, and the price of rice has also decreased slightly. In addition to new rain rice entering the market from some areas, prices have also decreased due to the drop in currency exchange rates. As for the rice, it is reported that the market is regular and the transaction is cold. As for March, the price continues to fall. The price of soybeans is falling due to the fall in currency prices, but exports are normal because of Indian purchases. As prices are falling, domestic transactions are said to be cold. As for March, the price has dropped to almost 200,000 per ton in the last month. As for red beans, the price is falling, but the stock is decreasing, so the price is slowly falling. Traders are predicting that the decline is due to ...

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