Jump to content

Recommended Posts

Posted

The recent decline in the value of Burma’s currency is putting pressure on domestic rice prices, according to a report by Mizzima. With the lower kyat, rice exports have grown more profitable, resulting in a diminishing supply of the staple food for the domestic market and prices that haven’t been seen in the country since Cyclone Nargis devastated the Irrawaddy Delta in May 2008. Demand for cheap Burmese rice has grown in China, Burma’s largest trading partner, since the kyat started falling earlier this year, reaching a low of 921.50 kyat to the dollar last week.



Source: Irrawaddy.org

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...