KALADAN PRESS

Dated: Monday Nov. 10, 2003

PRICES FALL IN MAUNGDAW TOWN

 Maungdaw, November 10: Prices of essentials, which shot up with the advent of Ramadan Month (Sabbath month), have started falling in local markets, said a trader from Maungdaw Town, yesterday.

Prices of items like turmeric, petrol had registered moderate rise but vegetables virtually went beyond the reach of the common man, he further added.

Now, price of rice has come down to Kyat 200 to 160 per kg from Kyat 250 a week back. Per Viss (1 Viss= 1.75) onion sold at Kyat 700, down from Kyat 800, garlic at Kyat 700, down from 750, pea at Kyat 700 per kg, down from 900, sugar at Kyat 650 down from 700,one can (250gms) condensed milk Kyat 400, down from 450, potato Kyat 250, down from 240, eggplant Kyat 150, down from 160, green chilli at Kyat 600, down from 650, dry chilli Kyat 1,200, down from 1,500, kerosene Kyat 1,600 per gallon, down from 2,200, said another trader to our source.

 Prices of fishes have also come down substantially following increased supply in markets because of favorable season of catching fishes, he further said.

 But prices of tea, egg, edible oil, beef, meat of buffalo, mutton and chicken remained the same. A Viss of beef was selling at Kyat 2,800, meat of buffalo at Kyat 2,600, mutton at 2,600 and one kg of chicken at Kyat 1,200, one cup of tea at Kyat 60, one egg at Kyat 60, a gallon of edible oil at Kyat 1450 and a Tical of gold is being sold Kyat 1,55,000 yesterday at Maungdaw market, according to our sources.

 Although the prices of some essentials have come down, the lives of the people in the north Arakan, where starvation has been prevailing are under threat as the people are mostly jobless and have no money to buy any food, said a village elderly people.

 On 9th of November 2003, the exchange rate of one US Dollar in the black market is Kyat 910 and 15:00 Kyat to one Bangladesh Taka in Burma- Bangladesh border, said a merchant of Maungdaw Town.

Burma’s military junta claims the country’s economy is growing at a reasonable rate, but outside analysts question their figures suggest the country’s economic health is shaking. ##

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