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

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

STORY: Myanmar's traders lower rice price to reduce household spending amid pandemic DATELINE: Aug. 4, 2022 LENGTH: 00:03:47 LOCATION: YANGON, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of rice trading market 2. various of people buying rice 3. various of taking rice home STORYLINE: 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 percent and 6.4 percent on Wednesday respectively, compared to a week earlier, showed the Central Statistical Organization (CSO)'s data. Although Myanmar is an agricultural country and a rice exporter, commodity prices including that of rice are on rise amid the COVID-19 pandemic. The lower-priced rice sale is aimed at helping households in the country reduce their spending on rice as commodity

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