Lao People's Democratic Republic Responding to Rice Price Inflation
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World Bank, Washington, DC
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The objective of this policy note is to
identify likely factors driving rice prices and suggest
options to manage rice price volatility in the future. It
also provides a snapshot of recent developments in the rice
sector, and describes rice and food price trends and their
implications. Based on these findings, the note discusses
policy options. The policy brief has six chapters, including
this introduction. Chapter two provides a brief outline of
the rice sector. Chapter three describes recent trends in
world and Lao food prices. It also provides insights into
likely macroeconomic and household welfare impacts of rice
price inflation. Chapter four discusses the potential causes
of rice price inflation, as suggested by other reports and
people interviewed. Chapter five analyzes the role of the
regional rice market in determining prices, which this
policy brief identifies as the primary cause of the
glutinous rice price hike. Chapter six concludes by
presenting recommendations.
Palabras clave
ADVERSE EFFECTS, AGGREGATE DEMAND, AGRICULTURAL COMMODITIES, AGRICULTURAL GROWTH, AGRICULTURAL PRODUCTION, AGRICULTURE, AVAILABILITY OF RICE, AVERAGE PRICES, AVERAGE YIELDS, BARLEY, BEER, BENCHMARK, BUYING POWER, CAPITA RICE CONSUMPTION, COMMERCE, COMMERCIALIZATION, COMMODITY, COMMODITY PRICE, COMMODITY PRICES, COMPREHENSIVE STRATEGY, CONSUMER PRICE, CONSUMER PRICE INDEX, CONSUMER PRICE INDEXES, CONSUMER PRICE INDICES, CONSUMER PRICE INFLATION, CONSUMER PRICES, COOKING, COOPERATIVES, CORN, CROP, CROPS, CULTIVATION, DAMAGES, DOMESTIC MARKET, DOMESTIC MARKET PRICES, DRY SEASON, ECONOMIC RESEARCH, ECOSYSTEMS, ENERGY PRICE, ENERGY PRICES, EXPENDITURE, EXPORT MARKET, EXPORTS, FAO, FARM, FARMERS, FARMING, FERTILIZER, FERTILIZERS, FINANCIAL CRISIS, FLOUR, FOOD FOR WORK, FOOD PRICE INFLATION, FOOD PRICES, FOOD PRODUCTION, FOOD PRODUCTS, FOOD SECURITY, FOOD STOCKS, FOOD SUPPLIES, FORECASTS, FREE TRADE, GDP, GRAIN, GRAINS, HARVESTS, IFPRI, INCOME, INFLATION RATE, INFLATION RATES, INFRASTRUCTURE INVESTMENTS, INPUT PRICES, INTERNATIONAL MARKET, INTERNATIONAL TRADE, MACROECONOMIC POLICY, MACROECONOMIC STABILITY, MAIZE, MAIZE PRODUCTION, MALNUTRITION, MARKET ACCESS, MARKET ANALYSIS, MARKET ECONOMY, MARKET FAILURE, MARKET INFORMATION, MARKET INTEGRATION, MARKET PRICE, MARKET PRICES, MARKET SHARE, MARKETING, MILLS, MONETARY POLICY, PADDY, PESTICIDES, POOR HOUSEHOLDS, POPULATION GROWTH, PRICE CHANGES, PRICE CONTROLS, PRICE DECREASES, PRICE FLUCTUATIONS, PRICE INCREASE, PRICE INCREASES, PRICE INDEX, PRICE INDICES, PRICE INFLATION, PRICE LEVELS, PRICE STABILITY, PRICE TRENDS, PRICE VARIATIONS, PRICE VOLATILITY, PRIVATE MILLS, PRODUCE, PRODUCTION INCREASES, PRODUCTION OUTPUT, PRODUCTIVITY IMPROVEMENTS, PROTEIN, QUOTAS, RELEVANT MARKET, RETAIL, RETAIL PRICES, RICE AREAS, RICE CULTIVATION, RICE MILLS, RICE PRICE, RICE PRICES, RICE PRODUCTION, RICE TRADE, RICE YIELDS, SAFETY NETS, SALES, SEASONAL FACTORS, SEED, SEED VARIETIES, SEEDS, SPREAD, STANDARD OF LIVING, STAPLE FOODS, STATISTICAL ANALYSIS, STOCKS, STRUCTURAL CHANGE, SUBSTITUTE, SUBSTITUTES, SUBSTITUTION, SUGAR, SUPPLY INCREASES, SURPLUS, SURPLUSES, TRADE LIBERALIZATION, TRADE POLICIES, TRADE POLICY, VOLATILITY, WAGES, WFP, WHEAT, WHOLESALE PRICES, WORLD FOOD PROGRAM, WORLD MARKET, YIELDS