Speculators, Storage,and the Price of Rice
Recent experience in the world rice market does not reveal irrational speculation, greedy manipulation, or disruption due to soaring Asian incomes or recent biofuels mandates. The real lesson is that, without serious steps to ensure collaboration in maintaining market access when supplies are tight, the market could collapse into autarky if stocks appear to be low and aggregate harvests fail to increase as expected.
world rice market, supply, market access, reserves
Wright, Brian. 2008. "Speculators, Storage,and the Price of Rice." ARE Update 12(2): 7-10. University of California Giannini Foundation of Agricultural Economics.