Bangladesh - Prices of Essential Commodities : Recent Trends, Underlying Factors and Policy Options

There is a concern in Bangladesh that prices of essential commodities, mainly food items including rice, wheat, pulses, sugar, edible oils, ginger, garlic, onion and potato, have shown an upward trend in the past several months. Media reports in re...

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Main Author:	World Bank
Format:	Commodities Study
Language:	English
Published:	Washington, DC 2012
Subjects:	AGGREGATE DEMAND CAPABILITY CENTRAL BANKS COMMERCE COMMODITIES COMMODITY COMMODITY PRICES CONSUMER PRICES COOPERATIVE MARKETING CUSTOM DEVELOPING COUNTRIES DEVELOPING COUNTRY DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICES EDIBLE OILS EXCHANGE RATE EXPENDITURE FAIR FATS FOOD PRICES FOREIGN FINANCING GOVERNMENT ACTIONS GOVERNMENT INTERVENTIONS GRAINS INCOME INFLATION INFORMATION FLOWS INTERNATIONAL MARKETS INTERNATIONAL TRADE LETTER OF CREDIT MAFIA MARKET POWER MONETARY POLICY OPEN MARKET POTATO PRICE CHANGES PRICE INCREASE PRICE TREND PRIVATE SECTOR PULSES RESERVE BANK RESULT RICE RISE IN INFLATION RISK PREMIUM SALES SALES OUTLETS SOYBEAN SPICES STOCKS SUBSTITUTE SUGAR SUPPLIERS SUPPLY CHAIN SUPPLY SHOCKS TAXATION POLICY TRADING SYSTEM TRANSLATION VOLATILITY WHEAT WHOLESALE MARKETS WHOLESALERS
Online Access:	http://documents.worldbank.org/curated/en/2007/04/16267457/bangladesh-prices-essential-commodities-recent-trends-underlying-factors-policy-options http://hdl.handle.net/10986/8102

id	okr-10986-8102
recordtype	oai_dc
spelling	okr-10986-81022021-04-23T14:02:36Z Bangladesh - Prices of Essential Commodities : Recent Trends, Underlying Factors and Policy Options World Bank AGGREGATE DEMAND CAPABILITY CENTRAL BANKS COMMERCE COMMODITIES COMMODITY COMMODITY PRICES CONSUMER PRICES COOPERATIVE MARKETING CUSTOM DEVELOPING COUNTRIES DEVELOPING COUNTRY DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICES EDIBLE OILS EXCHANGE RATE EXPENDITURE FAIR FATS FOOD PRICES FOREIGN FINANCING GOVERNMENT ACTIONS GOVERNMENT INTERVENTIONS GRAINS INCOME INFLATION INFORMATION FLOWS INTERNATIONAL MARKETS INTERNATIONAL TRADE LETTER OF CREDIT MAFIA MARKET POWER MONETARY POLICY OPEN MARKET POTATO PRICE CHANGES PRICE INCREASE PRICE TREND PRIVATE SECTOR PULSES RESERVE BANK RESULT RICE RISE IN INFLATION RISK PREMIUM SALES SALES OUTLETS SOYBEAN SPICES STOCKS SUBSTITUTE SUGAR SUPPLIERS SUPPLY CHAIN SUPPLY SHOCKS TAXATION POLICY TRADING SYSTEM TRANSLATION VOLATILITY WHEAT WHOLESALE MARKETS WHOLESALERS There is a concern in Bangladesh that prices of essential commodities, mainly food items including rice, wheat, pulses, sugar, edible oils, ginger, garlic, onion and potato, have shown an upward trend in the past several months. Media reports in recent weeks are full of government actions including pictures of personnel of Bangladesh rifles manning fair price shops and selling essential food items to the lower and lower-middle income classes. The government's concern of the impact of rising food prices on the welfare of the poor is quite understandable. According to the 2005 household and income expenditure data, these food items account for more than one-third of the annual household expenditure of the bottom 20 percent of the population. What is the true picture of rising food prices in Bangladesh? How much of the rise is due to changes in demand and supply in the international commodity markets? What domestic factors, particularly in the very short-run, i.e., a week to ten days, account for the price rise? What measures has the Government of Bangladesh taken to check the price rise and what other options exist to deal with the prevailing situation? This note addresses these questions. 2012-06-14T20:50:24Z 2012-06-14T20:50:24Z 2007-04-07 http://documents.worldbank.org/curated/en/2007/04/16267457/bangladesh-prices-essential-commodities-recent-trends-underlying-factors-policy-options http://hdl.handle.net/10986/8102 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Commodities Study Economic & Sector Work South Asia Bangladesh
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	AGGREGATE DEMAND CAPABILITY CENTRAL BANKS COMMERCE COMMODITIES COMMODITY COMMODITY PRICES CONSUMER PRICES COOPERATIVE MARKETING CUSTOM DEVELOPING COUNTRIES DEVELOPING COUNTRY DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICES EDIBLE OILS EXCHANGE RATE EXPENDITURE FAIR FATS FOOD PRICES FOREIGN FINANCING GOVERNMENT ACTIONS GOVERNMENT INTERVENTIONS GRAINS INCOME INFLATION INFORMATION FLOWS INTERNATIONAL MARKETS INTERNATIONAL TRADE LETTER OF CREDIT MAFIA MARKET POWER MONETARY POLICY OPEN MARKET POTATO PRICE CHANGES PRICE INCREASE PRICE TREND PRIVATE SECTOR PULSES RESERVE BANK RESULT RICE RISE IN INFLATION RISK PREMIUM SALES SALES OUTLETS SOYBEAN SPICES STOCKS SUBSTITUTE SUGAR SUPPLIERS SUPPLY CHAIN SUPPLY SHOCKS TAXATION POLICY TRADING SYSTEM TRANSLATION VOLATILITY WHEAT WHOLESALE MARKETS WHOLESALERS
spellingShingle	AGGREGATE DEMAND CAPABILITY CENTRAL BANKS COMMERCE COMMODITIES COMMODITY COMMODITY PRICES CONSUMER PRICES COOPERATIVE MARKETING CUSTOM DEVELOPING COUNTRIES DEVELOPING COUNTRY DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICES EDIBLE OILS EXCHANGE RATE EXPENDITURE FAIR FATS FOOD PRICES FOREIGN FINANCING GOVERNMENT ACTIONS GOVERNMENT INTERVENTIONS GRAINS INCOME INFLATION INFORMATION FLOWS INTERNATIONAL MARKETS INTERNATIONAL TRADE LETTER OF CREDIT MAFIA MARKET POWER MONETARY POLICY OPEN MARKET POTATO PRICE CHANGES PRICE INCREASE PRICE TREND PRIVATE SECTOR PULSES RESERVE BANK RESULT RICE RISE IN INFLATION RISK PREMIUM SALES SALES OUTLETS SOYBEAN SPICES STOCKS SUBSTITUTE SUGAR SUPPLIERS SUPPLY CHAIN SUPPLY SHOCKS TAXATION POLICY TRADING SYSTEM TRANSLATION VOLATILITY WHEAT WHOLESALE MARKETS WHOLESALERS World Bank Bangladesh - Prices of Essential Commodities : Recent Trends, Underlying Factors and Policy Options
geographic_facet	South Asia Bangladesh
description	There is a concern in Bangladesh that prices of essential commodities, mainly food items including rice, wheat, pulses, sugar, edible oils, ginger, garlic, onion and potato, have shown an upward trend in the past several months. Media reports in recent weeks are full of government actions including pictures of personnel of Bangladesh rifles manning fair price shops and selling essential food items to the lower and lower-middle income classes. The government's concern of the impact of rising food prices on the welfare of the poor is quite understandable. According to the 2005 household and income expenditure data, these food items account for more than one-third of the annual household expenditure of the bottom 20 percent of the population. What is the true picture of rising food prices in Bangladesh? How much of the rise is due to changes in demand and supply in the international commodity markets? What domestic factors, particularly in the very short-run, i.e., a week to ten days, account for the price rise? What measures has the Government of Bangladesh taken to check the price rise and what other options exist to deal with the prevailing situation? This note addresses these questions.
format	Economic & Sector Work :: Commodities Study
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Bangladesh - Prices of Essential Commodities : Recent Trends, Underlying Factors and Policy Options
title_short	Bangladesh - Prices of Essential Commodities : Recent Trends, Underlying Factors and Policy Options
title_full	Bangladesh - Prices of Essential Commodities : Recent Trends, Underlying Factors and Policy Options
title_fullStr	Bangladesh - Prices of Essential Commodities : Recent Trends, Underlying Factors and Policy Options
title_full_unstemmed	Bangladesh - Prices of Essential Commodities : Recent Trends, Underlying Factors and Policy Options
title_sort	bangladesh - prices of essential commodities : recent trends, underlying factors and policy options
publisher	Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2007/04/16267457/bangladesh-prices-essential-commodities-recent-trends-underlying-factors-policy-options http://hdl.handle.net/10986/8102
_version_	1764403781085167616

Bangladesh - Prices of Essential Commodities : Recent Trends, Underlying Factors and Policy Options

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