THE management committee of the Myanmar Rice Federation issued a reminder on 25 August to rice millers, merchants and companies.

The reminder mentioned those who manage the rice and paddy industry are aware that paddy is cultivated at home for local sufficiency and annual export of surplus rice to foreign markets with a sufficient volume of rice stock. As such, everybody needs to emphasize fair and stable prices of rice without storing stock to manipulate rice prices.

Rice millers who are members of MRF and associate rice associations, rice merchants and companies have been urged to cooperate in implementing the press releases.

Rice millers have to systematically compile statistics for storage and consignment of paddy, records of prices for buying and selling, and stock records.

They have to operate rice mills at full capacity in the supply of electricity, record running hours of rice mills, and report to MRF and its branches at different levels if they need to operate rice mills by diesel due to a lesser supply of electricity.

If they cannot operate rice mills due to being out of control, they have to report to the federation in advance. If they store rice for domestic consumption such as Ayeyawady Pawsan and Shwebo Pawsan, they have to set storage records. They must not sell lessen selling of stock to the market despite having a regular volume of stock.

Everybody needs to expose those who intentionally commit to rising prices of paddy and rice and report it to the federation or relevant departments in time.

 Myo Min Thura/TTA

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