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YANGON DIVISION – The junta council’s administration for Yangon Division is said to have summoned and pressured the traders and businesses to lower rice price, as ordered by its own terrorist chief Min Aung Hlaing.
Prime Minister Soe Thein of the junta administration for Yangon Division summoned traders and businesses around 2 p.m. on Monday (September 4) and told them that while the domestic rice price is rising, warehouses are not supplying the market and the social media posts are also pushing for high commodity prices then invited them to a cooperation and coordination meeting to stabilise rice price on Yangon Division.
A Yangon based business owner from UMFCCI commented, “Traders are also in a tough spot and so are businesses. The market economy has been ruined by the junta council’s false assumption that the rise of price is due to price manipulation. Everything would definitely return to normal once they (junta council) surrendered. All these problems are happening because they refuse to let go of their regime. And yet, they accuse the traders and businesses of being greedy. Things are really not going well.”
In order to prevent the further increase of rice price, the junta regime has banned export of rice, released directives ordering shops to not increase the price of rice and have now threatened traders and businesses.
The terrorist junta regime had also abducted nearly 200 business owners from the gold, currency exchange, export and palm oil export sectors, using the hiking commodity price as an excuse.