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Myanmar 5% white rice price hits near 2-year high on tight supply

Myanmar’s 5% white rice price rose to its highest level in nearly two years on Aug. 14, driven by tight supply toward the end of the season and steady demand from the Philippines, data from Platts…

  • Myanmar 5% white rice price nears 2-year high at $505 per metric ton FOB FCL
  • Supply tight as long-grain white rice dwindles near season's end
  • Philippines, key buyer, continues placing bids despite rising prices

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