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Importing High Food Prices by Exporting : Rice Prices in Lao PDR / Durevall, Dick
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Durevall, Dick
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access to Markets.
- Cointegration.
- E-Business.
- Emerging Markets.
- Exports.
- Food & Beverage Industry.
- Food Prices.
- Free Trade.
- Industry.
- International Economics & Trade.
- Macroeconomics and Economic Growth.
- Markets & Market Access.
- Private Sector Development.
- Rice Prices.
- Welfare.
- Local Subjects:
- Access to Markets.
- Cointegration.
- E-Business.
- Emerging Markets.
- Exports.
- Food & Beverage Industry.
- Food Prices.
- Free Trade.
- Industry.
- International Economics & Trade.
- Macroeconomics and Economic Growth.
- Markets & Market Access.
- Private Sector Development.
- Rice Prices.
- Welfare.
- Physical Description:
- 1 online resource (40 pages)
- Other Title:
- Importing High Food Prices by Exporting
- Place of Publication:
- Washington, D.C., The World Bank, 2014
- System Details:
- data file
- Summary:
- 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.
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