Old rice prices stable despite decline in export price of rice to China

The prices of old rice are still stable despite a decline in export prices of rice to China. Prices of low-quality rice in Mandalay market is on the decline because of China’s low demand for low-quality rice and Chinese Yuan depreciation, said U Thein Zaw, the chairman of Mandalay Rice Depot. Myanmar’s low quality rice […]

Myanmar rice price falls as Chinese demand slows

Rice prices are falling in quiet rainy-season trading, as a weaker yuan makes Myanmar exports to the world’s second-largest economy less competitive and arrests in China in connection with the rice trade discourage buyers across the border. U Thein Zaw, chair of the Mandalay rice trading centre, said on July 5 that the price of […]