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Analysis of Recent Rice Price Dynamics in Bangladesh: Causes and Policy Options

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Listed:
  • Rahman, Mohammad Chhiddikur
  • Rouf Sarkar, Md. Abdur
  • Salam, Md. Abdus
  • Alam, Jahangir
  • Uddin Molla, Md. Mosharraf
  • Rahman, Md. Saidur
  • Islam, Syful
  • Ahmed Khan, Mohammad Reza
  • Rahman, Md. Mahbubur

Abstract

Rice availability and affordability are the key determinants of food security in Bangladesh. Therefore, it becomes the most important crop for the social and political economy of the country. Although a tremendous technological advancement contributed to the increasing trend of rice production, its affordability threatened due to the increasing price at the consumers’ level. The recent natural calamities and COVID-19 have worsened the food security status across the world. This research has estimated the demand and supply of rice in the pandemic era and figured out the drivers of recent price hike both in the producers’ and consumers’ levels using empirical and cognitive approaches. Based on the findings, some actionable policy options have been suggested to address the price level of rice in Bangladesh towards sustaining food security.

Suggested Citation

  • Rahman, Mohammad Chhiddikur & Rouf Sarkar, Md. Abdur & Salam, Md. Abdus & Alam, Jahangir & Uddin Molla, Md. Mosharraf & Rahman, Md. Saidur & Islam, Syful & Ahmed Khan, Mohammad Reza & Rahman, Md. Mahb, 2021. "Analysis of Recent Rice Price Dynamics in Bangladesh: Causes and Policy Options," Asian Journal of Agricultural Extension, Economics & Sociology, Asian Journal of Agricultural Extension, Economics & Sociology, vol. 39(12).
    • Handle: RePEc:ags:ajaees:358215
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    File URL: https://ageconsearch.umn.edu/record/358215/files/sciencedomain%2C%2BRahman39122021AJAEES78269.pdf
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    References listed on IDEAS

    as
    1. Md Abu Bakr Siddique & Md Abdus Salam & Mohammad Chhiddikur Rahman, 2020. "Estimating the Demand Elasticity of Rice in Bangladesh: An Application of the AIDS Model," Asian Journal of Agriculture and Rural Development, Asian Economic and Social Society, vol. 10(3), pages 721-728.
    2. Md. Abu Bakr Siddique & Md. Abdus Salam & Mohammad Chhiddikur Rahman, 2020. "Estimating the Demand Elasticity of Rice in Bangladesh: An Application of the AIDS Model," Asian Journal of Agriculture and rural Development, Asian Economic and Social Society, vol. 10(3), pages 721-728, October.
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