Importing High Food Prices by Exporting : Rice Prices in Lao PDR

Durevall, Dick; van der Weide, Roy

Importing High Food Prices by Exporting : Rice Prices in Lao PDR

2014

Durevall, Dick | van der Weide, Roy

This paper shows how a developing country, Lao PDR, imports high glutinous rice prices by exporting its staple food to neighboring countries, Vietnam and Thailand. Lao PDR has extensive export controls on rice, generating a sizable difference between domestic and international prices. Controls are relaxed after good harvests, leading to a surge in exports early in the season and rapidly rising prices later in the year. There is thus a strong case for removal of trade restrictions since they give rise to price spikes, keep the long-term price of glutinous rice low, and thereby hinder increases in income from agriculture. Although this is a case study of Lao PDR, the findings may equally apply to other developing countries that export their staple food.

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AGROVOC Keywords

agricultural economics agriculture arbitrage commerce consumer prices cost of living data analysis developing countries domestic markets economic development food insecurity food prices food security food supply free trade globalization income inflation innovation inspection international trade maize market prices marketing mills open access paddy poverty alleviation price stabilization price volatility private sector protein purchasing results social protection social safety nets stocks surplus surpluses transaction costs value chains volatility wfp wheat

Bibliographic information

Publisher

World Bank Group, Washington, DC

Other Subjects

Food staples; World market; Private market; Price increases; Government policy; Inflation rate; Market reform; Expenditures; Political unrest; Market integration; Price level; Price series; Transactions costs; Transaction; Average price; Emerging market; Price risks; Price dynamics; Food transfers; Ifpri; Food policy; Customs; Food research; Consumer price; Time period; Food grains; Spread; Value chain; Political economy; Exchange rates; Buyers; Market development; Agricultural price; Domestic price; Government interventions; Distribution system; Price protection; Price changes; Financial crisis; Supply increases; Domestic prices; Market regulation; World food program; Wine; Incomes; Web; Price advantage; Private sectors; Global food security; Safety nets; Commodity; Liberalization; Growth rates; Low-income countries; General population; Price instability; Market price; Commodity price; Price increase; Market failures; Missing values; Food price; Price behavior; Supply chain; Developing country; Result; Food riots; Reform program; Barrier

Language

English

Type

Publications & Research :: Policy Research Working Paper; Publications & Research

In AGRIS since: 2016-03-15

Format: AGRIS AP

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