Ghana's rice market

Author(s):  
International Food Policy Research Institute (IFPRI) ◽  
Ministry of Food and Agriculture (MoFA)
Keyword(s):  
2017 ◽  
Author(s):  
◽  
Byung Min Soon

[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT AUTHOR'S REQUEST.] The first essay introduces a new method to measure non-tariff barriers (NTBs). NTBs to agricultural trade are believed to have increased while tariffs fell. Hence, measuring NTBs is important and several alternative methods have been used. I develop a method that combines cointegration tests and an equilibrium model. These seemingly disparate methods are used to estimate the size of NTBs and to assess their economic impact. I apply our method to the Russian chicken import ban and find larger impacts compared to a common method based on price gaps. This new method can help trade policy analysts convert implicit economic assumptions of cointegration test results into explicit NTB measures that can explain the observed pattern in time series price data and estimate their impacts. The second essay examines the impact of the impacts of the Bovine Spongiform Encephalopathy (BSE) outbreak in the U.S. on the Japanese beef market. The time-varying Armington model allows us to examine how the BSE outbreak affected the elasticity of substitution and the country of origin bias. Moreover, I estimate beef demands in the case that the BSE outbreak did not occur. The BSE outbreak caused higher demand for Australian beef and lower demand for U.S. beef, while domestic beef demand was only modestly affected. Specifically, the outbreak affected imported frozen beef demands more than imported chilled beef demands. The third essay explores the impact of tariff rate quota (TRQ) on the Korean rice market. Korea replaced its rice import quota with a TRQ in 2015. A structural model representing the Korean rice market is developed to evaluate this new trade policy and examine the possibility of Korean rice imports under uncertainty. Results indicate that rice imports in excess of the current TRQ quantity are unlikely for a range of market conditions. Two scenarios, which are the over-quota tariff rate reduction and the Minimum Market Access (MMA) quantity expansion, show how the market responds to policy changes. In addition, Korean rice imports are sensitive to consumer preferences for different rice types.


2002 ◽  
Vol 9 (1) ◽  
pp. 175-188 ◽  
Author(s):  
Charles R. Taylor ◽  
Kyung Hoon Kim ◽  
Dong Yul Kim ◽  
Hak Il Moon

2019 ◽  
Vol 18 (01) ◽  
pp. 1950006 ◽  
Author(s):  
Chanchala Hathurusingha ◽  
Neda Abdelhamid ◽  
David Airehrour

Paddy rice is a staple food that is common among the Sri Lankan populace. However, the frequent price variation of rice has negatively impacted the Sri Lankan economy. This is due to the Sri Lankan rice market lacking the mechanisms to evaluate and predict future rice price variations, often leaving domestic traders and consumers affected by sudden price spikes. This study identifies the quantifiable economic factors that affect the sudden rice price variations and presents a viable mechanism for forecasting Domestic Rice Price (DRP). In addition, it establishes three different regression models to emphasise the relationship of DRP in Sri Lanka with three economic factors: International Rice Price (IRP), International Crude Oil Price (ICOP), and USD Exchange Rate. Further, a time series model is formulated to forecast future variations in DRP while advancing factors that have a significant, but negative, correlative impact on the DRP. The results presented in this study show that the models proposed can be used by relevant food authorities to predict sudden hikes and dips in DRP, allowing them to establish a robust price control system.


2011 ◽  
Vol 3 (2) ◽  
Author(s):  
Imamuddin Khoso ◽  
Nanik Ram ◽  
Ikhtiar Ahmed Ghumro ◽  
Faiz.M. Shaikh

2019 ◽  
Vol 51 (3) ◽  
pp. 434-449
Author(s):  
Byung Min Soon ◽  
Patrick Westhoff ◽  
Wyatt Thompson

AbstractKorea replaced its rice import quota with a tariff rate quota (TRQ) in 2015. A structural model representing the Korean rice market is developed to evaluate this new trade policy and examine the possibility of Korean rice imports under uncertainty. Results indicate that rice imports in excess of the current TRQ quantity are unlikely for a range of market conditions. Two scenarios, which are the over-quota tariff rate reduction and the TRQ quantity expansion, show how the market responds to policy changes. In addition, Korean rice imports are sensitive to consumer preferences for different rice types.


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