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

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 betwe...

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Main Authors:	Durevall, Dick, van der Weide, Roy
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank Group, Washington, DC 2014
Subjects:	AGRICULTURAL ECONOMICS AGRICULTURAL PRICE AGRICULTURE ARBITRAGE AVERAGE PRICE BARRIER BUYERS COMMERCE COMMODITY COMMODITY PRICE CONSUMER PRICE CONSUMER PRICES COST OF LIVING CUSTOMS DATA ANALYSIS DEVELOPING COUNTRIES DEVELOPING COUNTRY DISTRIBUTION SYSTEM DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICES ECONOMIC DEVELOPMENT EMERGING MARKET EXCHANGE RATES EXPENDITURES FINANCIAL CRISIS FOOD GRAINS FOOD INSECURITY FOOD POLICY FOOD PRICE FOOD PRICES FOOD RESEARCH FOOD RIOTS FOOD SECURITY FOOD STAPLES FOOD SUPPLY FOOD TRANSFERS FREE TRADE GENERAL POPULATION GLOBAL FOOD SECURITY GLOBALIZATION GOVERNMENT INTERVENTIONS GOVERNMENT POLICY GROWTH RATES IFPRI INCOME INCOMES INFLATION INFLATION RATE INNOVATION INSPECTION INTERNATIONAL TRADE LIBERALIZATION LOW-INCOME COUNTRIES MAIZE MARKET DEVELOPMENT MARKET FAILURES MARKET INTEGRATION MARKET PRICE MARKET PRICES MARKET REFORM MARKET REGULATION MARKETING MILLS MISSING VALUES OPEN ACCESS PADDY POLITICAL ECONOMY POLITICAL UNREST POVERTY ALLEVIATION PRICE ADVANTAGE PRICE BEHAVIOR PRICE CHANGES PRICE DYNAMICS PRICE INCREASE PRICE INCREASES PRICE INSTABILITY PRICE LEVEL PRICE PROTECTION PRICE RISKS PRICE SERIES PRICE STABILIZATION PRICE VOLATILITY PRIVATE MARKET PRIVATE SECTOR PRIVATE SECTORS PROTEIN PURCHASING REFORM PROGRAM RESULT RESULTS SAFETY NETS SOCIAL PROTECTION SOCIAL SAFETY NETS SPREAD STOCKS SUPPLY CHAIN SUPPLY INCREASES SURPLUS SURPLUSES TIME PERIOD TRANSACTION TRANSACTION COSTS TRANSACTIONS COSTS VALUE CHAIN VALUE CHAINS VOLATILITY WEB WFP WHEAT WINE WORLD FOOD PROGRAM WORLD MARKET
Online Access:	http://documents.worldbank.org/curated/en/2014/11/20419857/importing-high-food-prices-exporting-rice-prices-lao-pdr http://hdl.handle.net/10986/20646

id	okr-10986-20646
recordtype	oai_dc
spelling	okr-10986-206462021-04-23T14:03:59Z Importing High Food Prices by Exporting : Rice Prices in Lao PDR Durevall, Dick van der Weide, Roy AGRICULTURAL ECONOMICS AGRICULTURAL PRICE AGRICULTURE ARBITRAGE AVERAGE PRICE BARRIER BUYERS COMMERCE COMMODITY COMMODITY PRICE CONSUMER PRICE CONSUMER PRICES COST OF LIVING CUSTOMS DATA ANALYSIS DEVELOPING COUNTRIES DEVELOPING COUNTRY DISTRIBUTION SYSTEM DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICES ECONOMIC DEVELOPMENT EMERGING MARKET EXCHANGE RATES EXPENDITURES FINANCIAL CRISIS FOOD GRAINS FOOD INSECURITY FOOD POLICY FOOD PRICE FOOD PRICES FOOD RESEARCH FOOD RIOTS FOOD SECURITY FOOD STAPLES FOOD SUPPLY FOOD TRANSFERS FREE TRADE GENERAL POPULATION GLOBAL FOOD SECURITY GLOBALIZATION GOVERNMENT INTERVENTIONS GOVERNMENT POLICY GROWTH RATES IFPRI INCOME INCOMES INFLATION INFLATION RATE INNOVATION INSPECTION INTERNATIONAL TRADE LIBERALIZATION LOW-INCOME COUNTRIES MAIZE MARKET DEVELOPMENT MARKET FAILURES MARKET INTEGRATION MARKET PRICE MARKET PRICES MARKET REFORM MARKET REGULATION MARKETING MILLS MISSING VALUES OPEN ACCESS PADDY POLITICAL ECONOMY POLITICAL UNREST POVERTY ALLEVIATION PRICE ADVANTAGE PRICE BEHAVIOR PRICE CHANGES PRICE DYNAMICS PRICE INCREASE PRICE INCREASES PRICE INSTABILITY PRICE LEVEL PRICE PROTECTION PRICE RISKS PRICE SERIES PRICE STABILIZATION PRICE VOLATILITY PRIVATE MARKET PRIVATE SECTOR PRIVATE SECTORS PROTEIN PURCHASING REFORM PROGRAM RESULT RESULTS SAFETY NETS SOCIAL PROTECTION SOCIAL SAFETY NETS SPREAD STOCKS SUPPLY CHAIN SUPPLY INCREASES SURPLUS SURPLUSES TIME PERIOD TRANSACTION TRANSACTION COSTS TRANSACTIONS COSTS VALUE CHAIN VALUE CHAINS VOLATILITY WEB WFP WHEAT WINE WORLD FOOD PROGRAM WORLD MARKET 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. 2014-12-03T22:37:17Z 2014-12-03T22:37:17Z 2014-11 http://documents.worldbank.org/curated/en/2014/11/20419857/importing-high-food-prices-exporting-rice-prices-lao-pdr http://hdl.handle.net/10986/20646 English en_US Policy Research Working Paper;No. 7119 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Group, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific Lao People's Democratic Republic
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	AGRICULTURAL ECONOMICS AGRICULTURAL PRICE AGRICULTURE ARBITRAGE AVERAGE PRICE BARRIER BUYERS COMMERCE COMMODITY COMMODITY PRICE CONSUMER PRICE CONSUMER PRICES COST OF LIVING CUSTOMS DATA ANALYSIS DEVELOPING COUNTRIES DEVELOPING COUNTRY DISTRIBUTION SYSTEM DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICES ECONOMIC DEVELOPMENT EMERGING MARKET EXCHANGE RATES EXPENDITURES FINANCIAL CRISIS FOOD GRAINS FOOD INSECURITY FOOD POLICY FOOD PRICE FOOD PRICES FOOD RESEARCH FOOD RIOTS FOOD SECURITY FOOD STAPLES FOOD SUPPLY FOOD TRANSFERS FREE TRADE GENERAL POPULATION GLOBAL FOOD SECURITY GLOBALIZATION GOVERNMENT INTERVENTIONS GOVERNMENT POLICY GROWTH RATES IFPRI INCOME INCOMES INFLATION INFLATION RATE INNOVATION INSPECTION INTERNATIONAL TRADE LIBERALIZATION LOW-INCOME COUNTRIES MAIZE MARKET DEVELOPMENT MARKET FAILURES MARKET INTEGRATION MARKET PRICE MARKET PRICES MARKET REFORM MARKET REGULATION MARKETING MILLS MISSING VALUES OPEN ACCESS PADDY POLITICAL ECONOMY POLITICAL UNREST POVERTY ALLEVIATION PRICE ADVANTAGE PRICE BEHAVIOR PRICE CHANGES PRICE DYNAMICS PRICE INCREASE PRICE INCREASES PRICE INSTABILITY PRICE LEVEL PRICE PROTECTION PRICE RISKS PRICE SERIES PRICE STABILIZATION PRICE VOLATILITY PRIVATE MARKET PRIVATE SECTOR PRIVATE SECTORS PROTEIN PURCHASING REFORM PROGRAM RESULT RESULTS SAFETY NETS SOCIAL PROTECTION SOCIAL SAFETY NETS SPREAD STOCKS SUPPLY CHAIN SUPPLY INCREASES SURPLUS SURPLUSES TIME PERIOD TRANSACTION TRANSACTION COSTS TRANSACTIONS COSTS VALUE CHAIN VALUE CHAINS VOLATILITY WEB WFP WHEAT WINE WORLD FOOD PROGRAM WORLD MARKET
spellingShingle	AGRICULTURAL ECONOMICS AGRICULTURAL PRICE AGRICULTURE ARBITRAGE AVERAGE PRICE BARRIER BUYERS COMMERCE COMMODITY COMMODITY PRICE CONSUMER PRICE CONSUMER PRICES COST OF LIVING CUSTOMS DATA ANALYSIS DEVELOPING COUNTRIES DEVELOPING COUNTRY DISTRIBUTION SYSTEM DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICES ECONOMIC DEVELOPMENT EMERGING MARKET EXCHANGE RATES EXPENDITURES FINANCIAL CRISIS FOOD GRAINS FOOD INSECURITY FOOD POLICY FOOD PRICE FOOD PRICES FOOD RESEARCH FOOD RIOTS FOOD SECURITY FOOD STAPLES FOOD SUPPLY FOOD TRANSFERS FREE TRADE GENERAL POPULATION GLOBAL FOOD SECURITY GLOBALIZATION GOVERNMENT INTERVENTIONS GOVERNMENT POLICY GROWTH RATES IFPRI INCOME INCOMES INFLATION INFLATION RATE INNOVATION INSPECTION INTERNATIONAL TRADE LIBERALIZATION LOW-INCOME COUNTRIES MAIZE MARKET DEVELOPMENT MARKET FAILURES MARKET INTEGRATION MARKET PRICE MARKET PRICES MARKET REFORM MARKET REGULATION MARKETING MILLS MISSING VALUES OPEN ACCESS PADDY POLITICAL ECONOMY POLITICAL UNREST POVERTY ALLEVIATION PRICE ADVANTAGE PRICE BEHAVIOR PRICE CHANGES PRICE DYNAMICS PRICE INCREASE PRICE INCREASES PRICE INSTABILITY PRICE LEVEL PRICE PROTECTION PRICE RISKS PRICE SERIES PRICE STABILIZATION PRICE VOLATILITY PRIVATE MARKET PRIVATE SECTOR PRIVATE SECTORS PROTEIN PURCHASING REFORM PROGRAM RESULT RESULTS SAFETY NETS SOCIAL PROTECTION SOCIAL SAFETY NETS SPREAD STOCKS SUPPLY CHAIN SUPPLY INCREASES SURPLUS SURPLUSES TIME PERIOD TRANSACTION TRANSACTION COSTS TRANSACTIONS COSTS VALUE CHAIN VALUE CHAINS VOLATILITY WEB WFP WHEAT WINE WORLD FOOD PROGRAM WORLD MARKET Durevall, Dick van der Weide, Roy Importing High Food Prices by Exporting : Rice Prices in Lao PDR
geographic_facet	East Asia and Pacific Lao People's Democratic Republic
relation	Policy Research Working Paper;No. 7119
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Durevall, Dick van der Weide, Roy
author_facet	Durevall, Dick van der Weide, Roy
author_sort	Durevall, Dick
title	Importing High Food Prices by Exporting : Rice Prices in Lao PDR
title_short	Importing High Food Prices by Exporting : Rice Prices in Lao PDR
title_full	Importing High Food Prices by Exporting : Rice Prices in Lao PDR
title_fullStr	Importing High Food Prices by Exporting : Rice Prices in Lao PDR
title_full_unstemmed	Importing High Food Prices by Exporting : Rice Prices in Lao PDR
title_sort	importing high food prices by exporting : rice prices in lao pdr
publisher	World Bank Group, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/11/20419857/importing-high-food-prices-exporting-rice-prices-lao-pdr http://hdl.handle.net/10986/20646
_version_	1764446938721157120

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

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