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The Impact of Renminbi Appreciation on the World Rice Market

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Author Info

  • Yongfu Chen
  • Hsiaoping Chien
  • Jun Furuya
  • Osamu Koyama

    ()
    (College of Economics and Management, China Agricultural University Center for Rural Development Policy,China Agricultural University)

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    Abstract

    The World Rice Model (WRCM) was developed based on partial equilibrium approach in this paper. An impact of Renminbi (RMB or Chinese Yuan) appreciation scenarios on the world rice market was projected to 2020 by WRCM. The result indicates that RMB appreciation in the short term will lead to a dramatic change in the international rice price index. When RMB appreciation rate is greater than 4%, the international rice price index will continue to rise, and when it is greater than 8%, China will become the largest rice importer in the world.

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    File URL: http://www.cau.edu.cn/cem/news/newsfj/2007E003.pdf
    File Function: First version, 2007
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    Bibliographic Info

    Paper provided by China Agricultural University, College of Economics and Management in its series Working Papers with number 0703.

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    Length: 17 pages
    Date of creation: Sep 2007
    Date of revision:
    Handle: RePEc:cau:wpaper:0703

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    Keywords: World Rice Model; Renminbi appreciation; Partial equilibrium;

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