Slack paddy trading in NPT
There is a slowdown in the paddy market in Nay Pyi Taw, with prices remaining stagnant since late last year. Ko Myo Lin Aung, a paddy stocker from Pyinmana township, said the price was stuck at over K500,000 per 100 baskets. “Some get K520,000 at the most. The trade is slack,” he said on Sunday. The paddy market depends on China’s price market, and because China was not buying yet, the prices remained unchanged, said rice mill owner U Nay Soe. “If China does not buy, then the paddy is only for the domestic market. There will be little prospects then.
