IDEAS home Printed from https://ideas.repec.org/a/sag/seajad/v7y2010i2p1-15.html
   My bibliography  Save this article

Rice Price Crisis: Causes, Impacts, and Solutions

Author

Listed:
  • Sushil Pandey

    () (International Rice Research Institute)

  • Timothy Sulser

    () (International Food Policy Research Institute)

  • Mark W Rosegrant

    () (International Food Policy Research Institute)

  • Humnath Bhandari

    () (International Rice Research Institute)

Abstract

A rapid increase in food grain prices in the first half of 2008 has diverted global attention to the food crisis. Rice, the staple food of millions of Asia’s poor, is not only an economic good but also a political commodity. The price of rice escalated in May due to a number of shortand long-term factors, with the export price exceeding USD 1000 per ton. Keeping the price of rice low, thus making the commodity affordable to the poor, is critically important in reducing poverty. Poor households spend a substantial portion of their incomes on rice; an increase in rice price is equivalent to a reduction in their real incomes. This paper analyzes the factors that have contributed to the rapid rise in rice price and assesses the impact of price upsurge on poverty. A scenario analysis on rice prices was conducted through projection of long-term demand and supply of rice. The final section of the paper includes short- and long-term solutions to the price crisis.

Suggested Citation

  • Sushil Pandey & Timothy Sulser & Mark W Rosegrant & Humnath Bhandari, 2010. "Rice Price Crisis: Causes, Impacts, and Solutions," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 7(2), pages 1-15, December.
  • Handle: RePEc:sag:seajad:v:7:y:2010:i:2:p:1-15
    as

    Download full text from publisher

    File URL: http://searca.org/ajad/read-articles/13-view-article?aid=167
    Download Restriction: no

    References listed on IDEAS

    as
    1. David Dawe, 2008. "Have Recent Increases in International Cereal Prices Been Transmitted to Domestic Economies? The experience in seven large Asian countries," Working Papers 08-03, Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA).
    2. Ivanic, Maros & Martin, Will, 2008. "Implications of higher global food prices for poverty in low-income countries," Policy Research Working Paper Series 4594, The World Bank.
    3. Joachim von Braun, 2008. "Rising Food Prices: What Should Be Done?," EuroChoices, The Agricultural Economics Society, vol. 7(SpecialIs), pages 30-35, August.
    4. Shenggen Fan & Peter Hazell, 2001. "Returns to Public Investments in the Less-Favored Areas of India and China," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(5), pages 1217-1222.
    5. von Braun, Joachim, 2008. "Rising food prices: What should be done? [In Chinese]," Policy briefs 1 CH, International Food Policy Research Institute (IFPRI).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fazleen, Abdul & Stephan, Von Cramon, 2015. "The Policy Analysis Matrix of Profitability and Competitiveness of Rice Farming in Malaysia," 2015 Conference, August 9-14, 2015, Milan, Italy 210872, International Association of Agricultural Economists.

    More about this item

    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:sag:seajad:v:7:y:2010:i:2:p:1-15. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mariliza V. Ticsay). General contact details of provider: http://edirc.repec.org/data/searcph.html .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.