IDEAS home Printed from https://ideas.repec.org/p/agy/dpaper/202004.html
   My bibliography  Save this paper

Trade Shocks and Philippine Rice Imports Amidst SARS-CoV-2

Author

Listed:
  • Gerald Gracius Y. Pascua

    (Department of Economics, Ateneo de Manila University)

Abstract

In the midst of the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2) global pandemic, rice exporter Viet Nam is mulling suspension of their rice exports. Should the Philippines, as one of the world’s biggest rice importers, worry about its rice stock? If one will consider the dynamics of rice trade in the region, the country should not fear as much about supply yet. A more significant concern in the foreseeable future; however, will be the resulting increase of prices in the global market as demand picks up. In the extreme case that Viet Nam halts its exports for the rest of the year and the Philippines imports an additional 0.3 MMT as proposed by the Department of Agriculture, the market shocks may contribute to an estimated 43 percent increase in the price of milled rice this year. The Philippines has to consider further diversifying its import sources by tapping other rice exporters in the region in order to emerge with a stronger trade position after this pandemic.

Suggested Citation

  • Gerald Gracius Y. Pascua, 2020. "Trade Shocks and Philippine Rice Imports Amidst SARS-CoV-2," Department of Economics, Ateneo de Manila University, Working Paper Series 202004, Department of Economics, Ateneo de Manila University.
    • Handle: RePEc:agy:dpaper:202004
    as

    Download full text from publisher

    File URL: https://www.ateneo.edu/sites/default/files/2022-06/ADMU%20WP%202020-04.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    export restriction; trade diversification; international trade; rice; SARS-CoV-2; ASEAN;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agy:dpaper:202004. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jat Tancangco (email available below). General contact details of provider: https://edirc.repec.org/data/deadmph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.