IDEAS home Printed from
   My bibliography  Save this paper

Spekulation mit Nahrungsmittelprodukten als Ursache für Welternährungskrisen: Untersuchung am Beispiel des Reismarktes
[Speculation with food products as a reason for global food crises: Analysis using the example of the rice market]


  • Bischoff, Johanna


Rice is the most eaten cereal in the world and the base of life for a huge part of poor population. But in spring 2008 the price raised that much that many people could not even afford the most needed quantities - a situation which shocked people all over the world. So, what are the reasons for this food crisis? The motivation of this Bachelor Thesis is to provide a more detailed picture of the situation and its background in order to clarify whether speculation at commodity markets is responsible and to reveal which role financial markets have. The applied method is an analysis of existing literature. To close the gaps of literature experts of the rice market have been interviewed in writing and internet information of the existing financial markets for rice trade has been used. To be able to answer the question of the Thesis, information about the global rice market, the functionality of financial markets and the global food crisis of 2008 have been opposed. Own conclusions and the analysis of existing studies give the result that the rice crisis of 2008 cannot be dismissed across-the-board as a product of financial markets. Indeed, there has been speculation, but financial markets for rice trade are that unimportant that they hardly influence the world market. Much more important is off-market speculation of the actors of the rice chain. But even this influence cannot be proved clearly. Hence, the Thesis comes to the conclusion that main accountability for the high rise of prices is due to the panic behavior of some governments after slight rise of prices in the end of 2007. The sudden closures of markets influenced demand and offer what disturbed the market balance and thus a change of prices. But this conclusion can only be applied to the rice market which distinguishes a lot of other commodity markets. To deliver a general judgment analyses of more case studies are essential.

Suggested Citation

  • Bischoff, Johanna, 2010. "Spekulation mit Nahrungsmittelprodukten als Ursache für Welternährungskrisen: Untersuchung am Beispiel des Reismarktes
    [Speculation with food products as a reason for global food crises: Analysis u
    ," MPRA Paper 38023, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:38023

    Download full text from publisher

    File URL:
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    1. Robles, Miguel & Torero, Maximo & von Braun, Joachim, 2009. "When speculation matters:," Issue briefs 57, International Food Policy Research Institute (IFPRI).
    2. Martin Ravallion, 1997. "Famines and Economics," Journal of Economic Literature, American Economic Association, vol. 35(3), pages 1205-1242, September.
    3. Derek Headey & Shenggen Fan, 2008. "Anatomy of a crisis: the causes and consequences of surging food prices," Agricultural Economics, International Association of Agricultural Economists, vol. 39(s1), pages 375-391, November.
    4. Gerber, Nicolas & Van Eckert, Manfred & Breuer, Thomas, 2008. "The Impacts of Biofuel Production on Food Prices: a review," Discussion Papers 48193, University of Bonn, Center for Development Research (ZEF).
    5. Headey, Derek D., 2010. "Rethinking the global food crisis," IFPRI discussion papers 958, International Food Policy Research Institute (IFPRI).
    Full references (including those not matched with items on IDEAS)

    More about this item


    Rice market; commodity markets; food crisis; rice crisis; financial transactions; speculation with food products;

    JEL classification:

    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade


    Access and download statistics


    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:pra:mprapa:38023. 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: (Joachim Winter) or (Rebekah McClure). General contact details of provider: .

    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.