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The Emerging International Rice Market - A Case of Diversification, Consumer Preferences and Protection

Forssell, Sara (2008)
Department of Economics
Abstract
This study evaluate the emerging international rice market by looking at supply and demand, price formation and development, and the extensive protection provided for rice on both national, bilateral and multilateral levels. The findings of this study are that rice is seen as a political good in many Asian countries due to its big impact on economy, society and political stability. Rice production is highly diversified and there are strong consumer preferences and a low degree of substitutability in both production and consumption. Further, even though rice trade has increased since the implementation of the Uruguay Round Agreement on Agriculture, trade in rice is still very limited. Heavy protection and intervention still prevail and... (More)
This study evaluate the emerging international rice market by looking at supply and demand, price formation and development, and the extensive protection provided for rice on both national, bilateral and multilateral levels. The findings of this study are that rice is seen as a political good in many Asian countries due to its big impact on economy, society and political stability. Rice production is highly diversified and there are strong consumer preferences and a low degree of substitutability in both production and consumption. Further, even though rice trade has increased since the implementation of the Uruguay Round Agreement on Agriculture, trade in rice is still very limited. Heavy protection and intervention still prevail and result in depressed prices on the world rice market. The thinness of trade results in fluctuating prices which causes instability and is harmful to countries dependent on the international rice market. (Less)
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author
Forssell, Sara
supervisor
organization
year
type
M2 - Bachelor Degree
subject
keywords
trade, diversification, rice, preferences, protection, Economics, econometrics, economic theory, economic systems, economic policy, Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik
language
English
id
1337545
date added to LUP
2008-02-13
date last changed
2010-08-03 10:51:29
@misc{1337545,
  abstract     = {This study evaluate the emerging international rice market by looking at supply and demand, price formation and development, and the extensive protection provided for rice on both national, bilateral and multilateral levels. The findings of this study are that rice is seen as a political good in many Asian countries due to its big impact on economy, society and political stability. Rice production is highly diversified and there are strong consumer preferences and a low degree of substitutability in both production and consumption. Further, even though rice trade has increased since the implementation of the Uruguay Round Agreement on Agriculture, trade in rice is still very limited. Heavy protection and intervention still prevail and result in depressed prices on the world rice market. The thinness of trade results in fluctuating prices which causes instability and is harmful to countries dependent on the international rice market.},
  author       = {Forssell, Sara},
  keyword      = {trade,diversification,rice,preferences,protection,Economics, econometrics, economic theory, economic systems, economic policy,Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik},
  language     = {eng},
  note         = {Student Paper},
  title        = {The Emerging International Rice Market - A Case of Diversification, Consumer Preferences and Protection},
  year         = {2008},
}