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Reviewing Indica and Japonica rice market developments

Author

Listed:
  • Tatsuji Koizumi

    (OECD)

  • Stephan Hubertus Gay

    (OECD)

  • Gen Furuhashi

    (Policy Research Institute, MAFF)

Abstract

Indica and Japonica are the two major types of rice traded on the global market. Product characteristics, production zones, consumer preferences, and government policies influence Indica and Japonica rice market structures. Using the Rice Economy Climate Change (RECC) model, which covers these rice markets in 24 countries and the global rice market, the international Japonica rice price is found to be more volatile than that for Indica rice under possible climate change scenarios. The simulation results also suggest that agricultural investments in major countries producing Indica and Japonica rice will contribute to their price stability over the medium and long term under climate change.

Suggested Citation

  • Tatsuji Koizumi & Stephan Hubertus Gay & Gen Furuhashi, 2021. "Reviewing Indica and Japonica rice market developments," OECD Food, Agriculture and Fisheries Papers 154, OECD Publishing.
    • Handle: RePEc:oec:agraaa:154-en
    DOI: 10.1787/0c500e05-en
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    Cited by:

    1. Nur Atikah Mohidem & Norhashila Hashim & Rosnah Shamsudin & Hasfalina Che Man, 2022. "Rice for Food Security: Revisiting Its Production, Diversity, Rice Milling Process and Nutrient Content," Agriculture, MDPI, vol. 12(6), pages 1-28, May.

    More about this item

    Keywords

    Agricultural investments; Climate change; Price stability;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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