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Rice price fluctuation and an approach to price stabilization in Bangladesh

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  • Ahmed, Raisuddin
  • Bernard, Andrew

Abstract

Correction of the distorted structure of related prices and prevention of wide fluctuations in the level of commodity prices constitute twin challenges in agricultural price policies. While macroeconomic instruments are comprehensive sectoral analysis of prices relations, stock requirements, market integration, and various other factors that destabilize supply and demand. IFPRI’s initial analyses of price stabilization were limited to the issue of optimal stock of foodgrains. Thomas Pinckney’s work on stock policies in Kenya and Pakistan and Raj Krishna and Ajay Chhibber’s research on India have demonstrated how optimal stock policies can save scarce public resources so urgently required for economic development. This research by Ahmed and Andrew Bernard focuses less on optimal stock and more on a consistent framework and operational rules for stabilization of prices. It examines the factors that cause fluctuation in prices and develops a framework for containing annual and seasonal variation of prices within a bound. Although the research is conducted in the context of Bangladesh, the approach is applicable to other countries. IFPRI is currently involved in extending this research by applying it in Bangladesh through a collaborative arrangement with the Bangladesh Ministry of Food. Such a link between research and application will bring IFPRI’s research directly to bear on the policy needs of developing countries, improving both current policy and future research.
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Suggested Citation

  • Ahmed, Raisuddin & Bernard, Andrew, 1989. "Rice price fluctuation and an approach to price stabilization in Bangladesh," Research reports 72, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:resrep:72
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    Cited by:

    1. P. J. Dawson & P. K. Dey, 2002. "Testing for the law of one price: rice market integration in Bangladesh," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(4), pages 473-484.
    2. Banerjee, Lopamudra, 2007. "Effect of Flood on Agricultural Wages in Bangladesh: An Empirical Analysis," World Development, Elsevier, vol. 35(11), pages 1989-2009, November.
    3. Salam, Shakila & Alam, Shamsul & Moniruzzaman, M., . "Analysing Intra-Year Price Variations And Price Flexibility Of Selected Crops For Local Level Planning In Bangladesh," Bangladesh Journal of Agricultural Economics, Bangladesh Agricultural University, vol. 34(01-2), pages 1-09.
    4. Unknown, 1993. "Política de Preços e Distribuição da Ajuda Alimentar de Milho Amarelo em Moçambique: Uma Análise de Alternativas," Food Security Collaborative Working Papers 56014, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    5. Goshu, Degye, 2010. "Estimating Food Price Risk in Ethiopia: Which Commodity Matters?," 2010 Thirteenth Annual Conference, September 23-25, 2010, Addis Ababa 304701, Agricultural Economics Society of Ethiopia.
    6. Chowdhury, Nuimuddin & Farid, Naser & Roy, Devesh, 2006. "Food policy liberalization in Bangladesh: How the Markets and the Government Delivered?," MTID Discussion Papers 58574, CGIAR, International Food Policy Research Institute (IFPRI).
    7. Mohinder S. Mudahar & Raisuddin Ahmed, 2010. "Government and Rural Transformation : Role of Public Spending and Policies in Bangladesh," World Bank Publications - Books, The World Bank Group, number 16356, April.
    8. Dorosh, Paul & Minot, Nicholas & Rashid, Shahidur, 2025. "Food price stabilization: theory and lessons from experience," Food Policy, Elsevier, vol. 137(C).
    9. Finkelshtain, Israel & Chalfant, James, 1990. "Marketed Surplus Under Risk: Do Peasants Agree with Sandmo?," CUDARE Working Papers 198573, University of California, Berkeley, Department of Agricultural and Resource Economics.
    10. Minot, Nicholas & Hossain, Shahadat & Kabir, Razin & Dorosh, Paul A. & Rashid, Shahidur, 2024. "Assessing the impact of rice price stabilization policies in Bangladesh: Results from a stochastic spatial equilibrium model," IFPRI discussion papers 2252, International Food Policy Research Institute (IFPRI).
    11. Paul, Bimal Kanti, 1995. "Farmers' Responses to the Flood Action Plan (FAP) of Bangladesh: An empirical study," World Development, Elsevier, vol. 23(2), pages 299-309, February.

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