Rethinking rice reserves: Policy pathways for stability amid market turbulence

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dc.creatorMirzabaev, Alisher
dc.creatorPede, Valerien
dc.creatorBasnet, Shyam
dc.date2025-11-24
dc.date2026-01-05T07:35:12Z
dc.date2026-01-05T07:35:12Z
dc.date.accessioned2026-06-27T04:09:09Z
dc.descriptionHighlights • From panic to glut, rice market volatility persists: After the 2023 price spike, record harvests and overflowing stocks have driven international rice prices to multiyear lows, squeezing farm incomes and intensifying competition among exporters. • Supporting stable and well-managed rice reserves: There is a need to set risk-based reserve targets, separate emergency buff ers from price support stocks, enforce countercyclical release triggers, and crowd in private storage; applying these principles will help protect farmers and consumers while minimizing fiscal overhangs. It is crucial that rice reserves are managed to smoothen cycles rather than amplify price volatility. • Regional pathways to more stable rice markets: Countries can look into upgrading regional arrangements, such as the ASEAN Plus Three Emergency Rice Reserve (APTERR) to a fast-trigger facility with a modest permanent stock and a cash window, tying access to timely stock and harvest data, and backstopping this with transparent data and trade protocols so that shocks do not snowball across markets.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/179379
dc.identifier.urihttp://hdl.handle.net/123456789/23241
dc.languageen
dc.publisherInternational Rice Research Institute
dc.rightsOpen Access
dc.sourceMirzabaev, A., Valerien P. and Shyam B. 2025. Rethinking rice reserves: Policy pathways for stability amid market turbulence. IRRI Rice Market Brief #6, November 24, 2025. Los Baños, Philippines: International Rice Research Institute. 6 p.
dc.subjectdomestic markets
dc.subjectdomestic trade
dc.subjectexport controls
dc.subjectpolicies
dc.subjectrice
dc.titleRethinking rice reserves: Policy pathways for stability amid market turbulence
dc.typeBrief

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Instituto Internacional de Investigación del Arroz (IRRI)