DOCSLIB.ORG

Rice Price Controls Policy of Vietnam and Its Competition with Thailand: a Practical Application of Spatial Equilibrium Models

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Rice Price Controls Policy of Vietnam and Its Competition with Thailand: a Practical Application of Spatial Equilibrium Models RICE PRICE CONTROLS POLICY OF VIETNAM AND ITS COMPETITION WITH THAILAND: A PRACTICAL APPLICATION OF SPATIAL EQUILIBRIUM MODELS Dissertation for the Completion of the Academic Degree “Doctor Rerum Agriculturarum” (Dr. rer. agr.) Submitted to the Faculty of Agriculture and Horticulture at Humboldt-Universität zu Berlin by Pham Thi Huong Diu, M.Sc. President of the Humboldt-Universität zu Berlin Prof. Dr. Jan-Hendrik Olbertz Dean of the Faculty of Agriculture and Horticulture Prof. Dr. Dr. h. c. Frank Ellmer Advisors: 1. Prof. Dr. Dr. h.c. Harald von Witzke 2. Prof. Dr. Wolfgang Bokelmann 3. Prof. Dr. Siegfried Bauer Date of Oral Exam: 19.03.2014 ii ACKNOWLEDGEMENT First of all, I would like to express my sincere gratitude to my supervisor, Prof. Dr. Dr. h. c. Harald von Witzke, for his strong support for my doctoral study and thesis. I would also like to thank him for being an open person to ideas, and for encouraging and helping me to shape my concerns and ideas. For all I have learned from him and for providing an office place where I have studied over 4 years. His attitude to research inspired me to continue to a doctoral program and more motivation in study. I would like to thank .Prof. Dr Tihman Brück for his guidance, encouragement and insightful comments. Although he has moved to work in another country, his supports are always valuable to me until the end. I also would like to thank Prof. Dr. rer. nat. habil. Wolfgang Bokelmann and Prof. Prof. Dr. Siegfried Bauer for reviewing my thesis with enthusiasms. My sincere gratitude also goes to Doz. Dr. sc. Drs. h. c. mult Michael Böhme who has happily agreed to be a chairman of my committee. I will never forget my feeling on such a special date I have made calls to all of them to form my committee. In particular, I am grateful to DAAD, the Deutscher Akademicsche Austauch Dienst and Humboldt University of Berlin for their financial support granted during the time I take the program in Berlin. My great appreciation is for other people from Ministry of Industry and Trade, Ministry of Agriculture and Rural Development, Vietnamese Food Association, Vinafood 1 and 2, the local authorities and rice farmers from 7 provinces. They have accepted my invitation to iii talk, discuss, guide and help me answer the concerns and questions surrounding the rice export issue of Vietnam. From whom, I can clarify the research problems. I would like to thank my friends and colleagues for the stimulating discussions and their encouragement and for the fun we have had in the last 4 years. I thank Anne Wolf for being a great reliable friend to whom I could always talk about my problems and excitements. Thanks her for questioning me about my ideas, helping me think rationally and even for hearing my problems. An addition, a thank you to Dr. Matthias Dennhardt, who supported me always and did not get angry when my plans were changed. I also would like to thank Ms Brigitte Stammann, who supports me a lots preparing necessary papers and the final procedures. Finally, I would like to thank my parents for their supporting me spiritually throughout both my carrier and normal life. An especial thank is to my husband for always believing in me and my decision and for his continuous love. My daughter was only 7 years old when I started my research. Thanks to her for her strength when she has to live and go to school away from me. This gives me more motivation to complete the course and urge me back to take care her. Without whom and their constant support I would have not finished my dissertation. Thank you for all iv DISCLAIMER I, Pham Thi Huong Diu, hereby certify that this dissertation has been written by the author under the doctoral program at Humboldt University of Berlin. This is an expression of personal views on Vietnamese rice Price Controls policy and do not necessarily reflect the political views. The result from Spatial Equilibrium Models in the thesis was analysed in a poster at Tropentag 2012 by the author, but the whole thesis is not currently being submitted for any other degrees. That is the best of my knowledge. Any help received in preparing this work and all the reference material used have been acknowledged. Pham Thi Huong Diu October 2014 v ABSTRACT Vietnam and Thailand are the top two rice exporters who contribute more than 50 per cent of market shares in the international market. Therefore, any changes in their rice policies have a strong influence on the world market. Currently, one of the strongest and most often impacts on the Vietnamese rice industry is the Price Controls Policy that regulates the competition in rice market. It restricts the volume of r rice export in order to ensure national food security. This policy keeps Vietnamese rice production under its full potential compared with the rice industry in Thailand. Many experts suggest that Vietnam pays more attention on national food security than necessary. This causes market distortion and weakens Vietnam’s competitiveness with Thailand. In order to examine the effects of the Price Controls Policy with a quantitative method, we build and run a spatial equilibrium model with 3 different scenarios: (1) Price Controls Policy updated every week; (2) Price Controls Policy updated every month; (3) Price Controls Policy updated quarterly. Base on the available data of production, consumption, domestic price, transportation cost and elasticities of demand and supply function of Vietnamese and Thai rice industry, the model shows the following result. With less changese in the Pric Control policy, the competitiveness in terms of export quantity of the Vietnamese rice on international markets rises without having negative effects on the national food security goal. Non‐rice farmers will be in disadvantage position due to higher domestic prices for rice, but the majority of the population who are rice farmers, accounting for more than 70 per cent of the population, will benefit from the higher volume and turnover of rice export, and so the net social revenue will increase also. Therefore, we highly recommend that the Price Controls Policy should not be revised on regular to serve the purpose of achieving better competitiveness of Vietnamese rice Keywords: Price Controls; Effect of Policy; Spatial Equilibrium Models; Vietnamese rice industry; Competitiveness. vi Zusammenfassung Vietnam und Thailand sind zwei der führenden Exporteure für Reis. Zurzeit hat die staatliche Preispolitik den stärksten und meisten Einfluss auf die vietnamesische Branche für Reis. Es beschränkt die Exportmenge, um die Menge für den nationalen Nahrungsmittelbedarf sicherzustellen. Diese Regulierung hält die vietnamesische Produktion unter ihrem vollständigen potenzial, im Vergleich zu der Reisproduktion in Thailand, zurück. Viele Experten unterstellen, dass Vietnam mehr Aufmerksamkeit der nationalen Strategie zur Ernährungssicherung schenkt als es notwendig wäre. Das verursacht Marktverzerrung und schwächt den landeseigenen Reisexport im Vergleich zu Thailand. Um die Auswirkungen der staatlichen Preispolitik mit einer quantitativen Methode zu untersuchen, wird über ein Gleichgewichtsmodell drei verschiedenen Szenarien eruiert: (1)Die Regulierungsrichtlinie für Reispreise wird wöchentlich aktualisiert; (2)Die Regulierungsrichtlinie für Reispreise wird monatlich angepasst; (3)Die Regulierungsrichtlinie für Reispreise wird quartalsweise überabeitet. Basierend aus den Produktionsdaten, dem Konsum, inländischen Preis, Transportkosten, der Elastizität der Nachfrage und der Angebotsfunktion der vietnamesischen und thailändischen Reisbranche zeigt dieses Modell Resultat: Mit kleinen Anpassungen in der Preispolitik wächst der Wettbewerb in Bezug auf der vietnamesischen Exportmenge auf dem internationalen Markt ohne negative Auswirkungen auf die Ziele der nationalen Ernährungssicherung. Nicht‐Reisbauern werden in eine nachteilige Position gestellt aufgrund von höheren Preisen auf dem inländischen Markt. Jedoch Bevölkerung, welche Reisbauern sind, werden von den höheren Handelsmengen, den steigenden Umsätzen vii und ebenfalls von dem steigenden Nettoeinkommen der Reisexporteure profitieren. Deshalb empfehlen wir nicht die staatliche Preispolitik regelmäßig zu überarbeiten, um das Ziel einer besseren Wetbewerbsfähigkeit von Vietnam zu erreichen Schlüsselwörter: Preispolitik, Auswirkungen von Regulierungen, Gleichgewichtsmodell, vietnamesische Reisbranche, Wettbewerbsfähigkeit viii CONTENTS ACKNOWLEDGEMENT............................................................................................................ii DISCLAIMER...........................................................................................................................iv ABSTRACT...............................................................................................................................v LIST OF TABLES...................................................................................................................... xi TABLE OF FIGURES AND DIAGRAMS .................................................................................... xii ABBREVIATION .................................................................................................................... xiii CHAPTER 1: INTRODUCTION........................................................................................... 1 1.1. INTRODUCTION ................................................................................................................1 1.2. BACKGROUND..................................................................................................................3
Load more

Recommended publications
  • The Financial and Economic Crisis of 2008-2009 and Developing Countries
    THE FINANCIAL AND ECONOMIC CRISIS OF 2008-2009 AND DEVELOPING COUNTRIES Edited by Sebastian Dullien Detlef J. Kotte Alejandro Márquez Jan Priewe UNITED NATIONS New York and Geneva, December 2010 ii Note Symbols of United Nations documents are composed of capital letters combined with figures. Mention of such a symbol indicates a reference to a United Nations document. The views expressed in this book are those of the authors and do not necessarily reflect the views of the UNCTAD secretariat. The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. Material in this publication may be freely quoted; acknowl edgement, however, is requested (including reference to the document number). It would be appreciated if a copy of the publication containing the quotation were sent to the Publications Assistant, Division on Globalization and Development Strategies, UNCTAD, Palais des Nations, CH-1211 Geneva 10. UNCTAD/GDS/MDP/2010/1 UNITeD NatioNS PUblicatioN Sales No. e.11.II.D.11 ISbN 978-92-1-112818-5 Copyright © United Nations, 2010 All rights reserved THE FINANCIAL AND ECONOMIC CRISIS O F 2008-2009 AND DEVELOPING COUN T RIES iii CONTENTS Abbreviations and acronyms ................................................................................xi About the authors
    [Show full text]
  • A Sticky-Price View of Hoarding ∗
    A Sticky-Price View of Hoarding ∗ Christopher Hansman Harrison Hong Aureo de Paula Imperial College London Columbia University University College London Vishal Singh New York University November 8, 2018 Abstract Governments worry that household hoarding of staple foods during times of high prices destabilizes com- modity markets. The conventional view has hoarding—due to consumer precaution or panic—amplifying supply shocks and creating shortages. Using U.S. store-scanner data during the 2008 Global Rice Crisis, we reject this narrative. Areas with rice-eating populations had more hoarding but no difference in store price dynamics or stockouts. We find support instead for a reverse-causal channel, whereby sticky store prices lead to hoarding. Anticipating higher prices, rice-eating households bought rice from slow-to-adjust stores that implicitly offered promotions. Policy implications differ across these two views. ∗This paper was previously circulated as "Hoard Behavior and Commodity Bubbles". We thank seminar participants at INSEAD, Aalto, Peking University, Warwick University, Cambridge University, NBER Universities Conference on Commodities, HKUST, New York University, PUC-Rio and Yale University for helpful comments. We are also grateful to Emi Nakamura, Hassan Afrousi, Michael Woodford, William Goetzmann, Hank Bessembinder, Manuel Arellano, Orazio Attanasio, Richard Blundell, Marcelo Fernandes, Bo Honoré, Guy Laroque, Valerie Lechene and Elie Tamer for useful conversations. de Paula gratefully acknowledges financial support from the European Research Council through Starting Grant 338187 and the Economic and Social Research Council through the ESRC Centre for Microdata Methods and Practice grant RES-589-28-0001. 1 Introduction Household hoarding of staple foods—defined as the accumulation of inventories during times of high prices—has long been a concern of governments, particularly in developing countries.
    [Show full text]
  • Food Reserves Working Paper #8 March 2019 Rice Reserves
    Food Reserves Working Paper #8 March 2019 Rice Reserves, Policies and Food Security: The Case of the Philippines Ramon L. Clarete Study funded by the European Commission, Directorate-General for Development and Cooperation, Unit C1 DAI Europe Ltd. 3rd Floor Block C Tel: +44 (0) 1442 202 400 Westside, Fax: +44 (0) 207 420 8601 London Road, www.dai-europe.com Apsley HP3 9TD United Kingdom About this working paper This working paper is one of the products of a study conducted by DAI at the request of the European Commission as part of the advisory service ASiST managed by the unit in charge of rural development, food security and nutrition (C1) within the Directorate General for International Cooperation and Development (DEVCO). The study has aimed at clarifying the potential role of food reserves in enhancing food and nutrition security in developing countries, and at making recommendations on how to use food reserves (in complement to other tools), taking into account the specificities on the context and the constraints of World Trade Organisation (WTO) disciplines. The study was conducted based on i) an extensive review of the existing literature (both theoretical and empirical) and ii) 10 case studies analysing national or regional experiences in Africa, Asia and South America. All the products of the study (including other working papers, a compilation of case study summaries, and a synthesis report) are available at: https://europa.eu/capacity4dev/hunger-foodsecurity-nutrition/discussions/how-can-food-reserves-best-enhance-food-and-nutrition- security-developing-countries. Acknowledgements Franck Galtier (CIRAD) coordinated the overall study.
    [Show full text]
  • To Protect Agribusiness Profits Or the Right to Food? November 2009 Written by Molly D
    A Question of Governance: To Protect Agribusiness Profits or the Right to Food? November 2009 Written by Molly D. Anderson for the Agribusiness Action Initiatives (AAI). Co-Editors: Alexandra Spieldoch- IATP/AAI-North America and Myriam Vander Stichele – SOMO/AAI-Europe About AAI The Agribusiness Action Initiatives (AAI) is a growing international network of NGOs, activists, academic researchers, and food system experts from farm, labor, environment, consumer, church and civil society organizations. AAI is concerned by the market concentration of a hand- ful of transnational agro-food conglomerates and their inordinate power over our most basic life system: agriculture and food. To learn more about how AAI is challenging corporate concentration and power, please visit www.agribusinessaction.org About the Author Molly D. Anderson, PhD, Food Systems Integrity Dr. Anderson works on science and policy for more sustainable and democratic food systems with organizations working from the local to international scales. She was a Coordinating Lead Author on the International Assessment of Agricultural Knowledge, Science & Technology for Development (North America/Europe sub-Global Report). A Question of Governance: To Protect Agribusiness Profits or the Right to Food? INTRODUCTION In November 2009, government delegates and representatives from multilateral organizations and civil society are meeting in Rome for the third international food summit to address rapidly rising numbers of hungry people (the “food crisis”) by coordinating and expanding
    [Show full text]
  • Interrelations Between Public Policies, Migration and Development in the Philippinesphilippines 41 2017 03 2017 1 P141 978-92-64-27227-9 for More Information
    OECD Development Pathways Interrelations between Public Policies, Migration and Development in the Philippines OECD Development Pathways Interrelations between Public Policies, OECD Development Pathways Migration and Development in the Philippines The OECD Development Pathways series helps developing and emerging economies to Interrelations between identify innovative policy solutions to their specifi c development challenges. Higher levels of well-being and more equitable and sustainable growth cannot be achieved by merely reproducing the experience of industrialised countries. For each of the countries studied, Public Policies, Migration the series proposes options for action in specifi c policy areas and at the broader strategic level. It identifi es the binding constraints to development across all sectors and proposes and Development in whole-of-government solutions. the Philippines Interrelations between Public Policies, Migration and Development in the Philippines is the result of a project carried out by the Scalabrini Migration Center (SMC) and the OECD Development Centre, in collaboration with the Commission on Filipinos Overseas (CFO) and with support from the European Union. The project aimed to provide policy makers with evidence on the way migration infl uences specifi c sectors – the labour market, agriculture, education and investment and fi nancial services – and, in turn, how sectoral policies affect migration. The report addresses three dimensions of the migration cycle that have become an important part of the country’s social and economic contexts: emigration, remittances and return. The results of the empirical work confi rm that even though migration contributes to the development of the Philippines, the potential of migration is not fully exploited. One explanation is that, despite its advancement in understanding the link between migration and development which is refl ected in the Philippine Development Plan, not all policy makers in the Philippines take migration suffi ciently into account in their respective policy areas.
    [Show full text]
  • Food in a Warming World the Changing Foods on the British Plate
    FOOD IN A WARMING WORLD THE CHANGING FOODS ON THE BRITISH PLATE Food in a warming world: - The changing foods on the British plate Executive Summary Our climate is changing at an alarming rate, with 2015, 2016 and 2017 confirmed as the three warmest years on record. The international Paris Agreement has been created to limit the greenhouse gas emissions that are causing climate change, and it recognises the breadth of activities that contribute emissions. The role of the food we eat has come into the spotlight in addressing climate change, and it is now evident how much we can all do to help global efforts by adapting our diets. This report takes the example of four iconic, classic UK dishes: chicken tikka masala, fish and chips, ploughman’s lunch, and cawl, Wales’ famous lamb stew. We consider where the ingredients come from and how much the different ingredients contribute to carbon footprint. For comparison, one example result shows that the emissions for the ingredients and preparation of one chicken tikka masala meal are equivalent to boiling a kettle 89 times to make a cup of tea. In doing so, we consider how the footprints of these meals compare to the ‘carbon budget’ we need to have adopted by 2030 to meet the Paris Agreement. But the climate and our food is a two-way street. We have identified twenty risks posed by climate change to our classic British dishes, some affecting food production overseas, while others emerging on home shores. Example impacts include lower yields for global commodities like rice and soybeans; heat stress disrupting livestock productivity; warmer, wetter conditions leading to pest invasions and proliferations; and water shortages threatening age-old production regions.
    [Show full text]
  • A Sticky-Price View of Hoarding ∗
    A Sticky-Price View of Hoarding ∗ Christopher Hansman Harrison Hong Imperial College London Columbia University Aureo de Paula Vishal Singh University College London New York University July 17, 2019 Abstract Household hoarding of staple foods during periods of scarcity is conventionally por- trayed as driven by precaution. By paying high prices for inventories to hedge price uncertainty, households are thought to destabilize commodity markets. However, re- tail prices are sticky, responding with delay to supply shocks. Hoarding hence con- flates precaution with anticipatory stockpiling due to sticky prices. With U.S. scanner data covering a classic 2008 rice hoarding episode, we find that household inventories anticipated delayed retail-price adjustment. There would be significantly less hoard- ing absent sticky prices. Traditional policy measures invoked during commodity- market bubbles or shortages can be counterproductive under the sticky-price view. ∗This paper subsumes our earlier work on hoarding and commodity bubbles. We thank seminar partic- ipants at CICF 2019, INSEAD, Aalto, Peking University, Warwick University, Cambridge University, NBER Universities Conference on Commodities, HKUST, New York University, PUC-Rio and Yale University for helpful comments. We are also grateful to Quisha Peng, Pengfei Wang, Yuriy Gorodnichenko, Emi Naka- mura, Hassan Afrousi, Michael Woodford, William Goetzmann, Hank Bessembinder, Manuel Arellano, Orazio Attanasio, Richard Blundell, Marcelo Fernandes, Bo Honoré, Guy Laroque, Valerie Lechene and Elie Tamer for useful conversations. de Paula gratefully acknowledges financial support from the European Research Council through Starting Grant 338187 and the Economic and Social Research Council through the ESRC Centre for Microdata Methods and Practice grant RES-589-28-0001.
    [Show full text]
  • Memorial of the Marshall Islands | Annexes Volume I
    INTERNATIONAL COURT OF JUSTICE OBLIGATIONS CONCERNING NEGOTIATIONS RELATING TO CESSATION OF THE NUCLEAR ARMS RACE AND TO NUCLEAR DISARMAMENT (Marshall Islands v. United Kingdom) ANNEXES TO MEMORIAL OF THE MARSHALL ISLANDS Volume 1 16 March 2015 ANNEXl ANNEX 1-Hansard, HL Deb, 28 October 1996, vol. 575, col. 134, http ://hansard. millbanksystems. corn/] ords/1996/oct/28/ address-in-reply -to-her­ majestvs-most ft >md li>!>~; >l!Îd !h:i!i !Jhuino ''""' !l>e !OII<il<l!ll>l: ,"il'i>.l!iil.fu'> lll:"'-,...ii!Ct l>f lh< ~nd of llm ~.! Mî~'è that >tlJI !» !lé tr'J~. f a!w l>i;Jl<>l> thot !Jkrl\lllim:l in<!~ il>ld l'f1l>!"'rllY llf~ il --~ nf oor OO!of!llW.Jlioo iu !mlp !<> <r<llf< a l""l<lg ®il pi!lle<Î'uiMWln!m·l:!u""""'-n ml!lli~ of reliltkmship> il>ld lM :a Slll:h U..y m;:rit OW"I'<f)l ~­ -.tk>n. l<'llf Çw:wrMy !Md>, 1 intil>ld Ill limit my Wllil!k.:l 1<> tiro lss!lè< <>ffootign afws il>ld ddeœe w!li<b ar~ d.,..!y !l!>ked ;in<! m whar wa< >aid !!y the ~Earl, l<lfd .!clf«:®. 'l'!l<y "'"Uw eliminatitm ofll!l<:l!;"' W""l"""' arn:! !h< <nlarg<mentafNATO. Durillg llm jlll>"t ye;tt l bat<' oc<'n" metll!!er of lM Omhm• Colllllll<Sioo on !h< Eliminari•m <>f Nudeor W<r.!pon<. establislred by lM pn:viou< Au,.,..alim Go"""""nt l>ut given lM ronlinood <Ujljl<lrt of linUr "'""'"'""'·Our mmdate w-,.m, ~devefup idea< and Pf"!"'S;ds fm • coo<rete am:! r.~ P"1'Wat!ll!le '" i<hil.w< • wmld tolally fret of !!OC!!;or wroporu;'" Wepr.senl<'d oorreport io dm Aas!r:ilim l'rime Mi!llita an !4th Aogust and his Gove!llllltnt pubiisl><d it oo tlml day.
    [Show full text]
  • Senate Hearings Before the Committee on Appropriations
    S. HRG. 110–98 Senate Hearings Before the Committee on Appropriations Agriculture, Rural Development, Food and Drug Administration and Related Agencies Appropriations Fiscal Year 2008 110th CONGRESS, FIRST SESSION H.R. 3191/S. 1859 DEPARTMENT OF AGRICULTURE DEPARTMENT OF HEALTH AND HUMAN SERVICES Food and Drug Administration NONDEPARTMENTAL WITNESSES Agriculture, Rural Development, Food and Drug Administration and Related Agencies Appropriations, 2008 (H.R. 3191/S. 1859) S. HRG. 110–98 AGRICULTURE, RURAL DEVELOPMENT, FOOD AND DRUG ADMINISTRATION AND RELATED AGEN- CIES APPROPRIATIONS FOR FISCAL YEAR 2008 HEARINGS BEFORE A SUBCOMMITTEE OF THE COMMITTEE ON APPROPRIATIONS UNITED STATES SENATE ONE HUNDRED TENTH CONGRESS FIRST SESSION ON H.R. 3191/S. 1859 AN ACT MAKING APPROPRIATIONS FOR AGRICULTURE, RURAL DEVEL- OPMENT, FOOD AND DRUG ADMINISTRATION, AND RELATED AGEN- CIES PROGRAMS FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2008, AND FOR OTHER PURPOSES Department of Agriculture Department of Health and Human Services: Food and Drug Administration Nondepartmental witnesses Printed for the use of the Committee on Appropriations ( Available via the World Wide Web: http://www.gpoaccess.gov/congress/index.html U.S. GOVERNMENT PRINTING OFFICE 33–905 PDF WASHINGTON : 2007 For sale by the Superintendent of Documents, U.S. Government Printing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2250 Mail: Stop SSOP, Washington, DC 20402–0001 COMMITTEE ON APPROPRIATIONS ROBERT C. BYRD, West Virginia, Chairman DANIEL K. INOUYE, Hawaii THAD COCHRAN, Mississippi PATRICK J. LEAHY, Vermont TED STEVENS, Alaska TOM HARKIN, Iowa ARLEN SPECTER, Pennsylvania BARBARA A. MIKULSKI, Maryland PETE V.
    [Show full text]
  • 2016 GRAIN and FEED ANNUAL Vietnam
    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 4/19/2016 GAIN Report Number: VM6024 Vietnam GRAIN AND FEED ANNUAL 2016 Approved By: Gerald Smith Prepared By: Quan Tran Report Highlights: Post estimates Vietnam’s wheat imports volume in the MY 2015/2016 at 2.60 million tons, an increase of about 300,000 tons compared to MY 2014/2015 imported volume. The use of feed wheat mainly contributed to the increase. Imported volume for MY 2016/2017 is forecast at 2.7 million tons. According to traders, the first volume of 86,000 tons of U.S. feed wheat (HS code 10019990) was shipped into Vietnam in MY 2014/2015 and another 68,000 tons was shipped during July-February MY 2015/2016. Adjusted corn imported volume in MY 2014/2015 is from 3.5 million tons to 4.9 million tons, mainly from South American source, due to the big drop of corn prices from this source that attracted vast imported volume. The import of corn volume in MY 2015/2016 is revised up from 3.0 to 7.3 million tons with the same reason. The Vietnam MY 2016/2017 corn import is forecasted at 6.0 million tons. Post estimates total rice production for MY 2015/2016 to reach 44.94 million tons of paddy rice, or approximately 28.09 million tons of milled rice equivalent. This is about 180,000 tons of paddy less than USDA’s official number for the same Marketing Year due mainly to the impact of drought weather caused by El Nino that resulted in lower production in the Spring crop in the Mekong River Delta.
    [Show full text]
  • A Sticky-Price View of Hoarding
    NBER WORKING PAPER SERIES A STICKY-PRICE VIEW OF HOARDING Christopher Hansman Harrison Hong Áureo de Paula Vishal Singh Working Paper 27051 http://www.nber.org/papers/w27051 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 2020, Revised September 2021 This paper subsumes our earlier work on hoarding and commodity bubbles. We thank seminar participants at CICF 2019, INSEAD, Aalto, Peking University, Warwick University, Cambridge University, NBER Universities Conference on Commodities, HKUST, New York University, PUC-Rio and Yale University for helpful comments. We are also grateful to Quisha Peng, Pengfei Wang, Yuriy Gorodnichenko, Emi Nakamura, Hassan Afrousi, Michael Woodford, William Goetzmann, Hank Bessembinder, Manuel Arellano, Orazio Attanasio, Richard Blundell, Marcelo Fernandes, Bo Honoré, Guy Laroque, Valerie Lechene and Elie Tamer for useful conversations, and to Zhenhao Tan for excellent research assistance. de Paula acknowledges financial support from the European Research Council through Starting Grant 338187 and the Economic and Social Research Council through the ESRC Centre for Microdata Methods and Practice grant RES-589-28-0001. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2020 by Christopher Hansman, Harrison Hong, Áureo de Paula, and Vishal Singh. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source.
    [Show full text]
  • Stockpile Management, Ensuring Self-Sufficiency, and the Distribution of Price Subsidies
    Malaysia Agriculture Report 2019 Table of Contents Profile and Acknowledgement 4 Introduction 5 The Evaluation of BERNAS in Achieving Food Security 9 Fatimah Mohamed Arshad and Yeong Sheng Tey Copyright © 2019 by IDEAS and CIPS. All rights reserved. Introduction 9 First published in November 2019 Evolution of BERNAS as an STE 11 Business Transformation of BERNAS 20 Socioeconomic Roles of BERNAS 25 Published by: Unintented Consequences 37 Conclusions and Policy Recommendations 41 IDEAS Policy Research Berhad (IDEAS) The Lower Penthouse Food Policy at the Crossroads: Wither Roles of BULOG? 45 Wisma Hang Sam, 1, Jalan Hang Lekir 50000 Kuala Lumpur Bustanul Arifin Center for Indonesian Policy Studies (CIPS) Introduction 45 Jalan Terogong Raya No. 6B Food Price Stability 46 Cilandak, Jakarta Selatan 12430, Indonesia Changes from Rastra to Non-Cash Food Assistance 53 Concluding Remarks: Food Policy Options for the Future 56 www.ideas.org.my Conclusion and Policy Recommendations 59 Reg №: 1219187-V References 61 Appendix 75 Any part of this publication may be quoted, copied, or translated by indicating the source. No part of this publication may be stored for commercial purposes without prior written permision. The views and opinions expressed in this paper are those of the author and do not necessarily represent IDEAS and CIPS. Design and layout: Norhayati Murni Misran Cover and photos are downloaded from: www.freepik.com 2 Effectiveness of State Trading Enterprises in Achieving Food Security: Case Studies from BERNAS in Malaysia and BULOG in Indonesia www.ideas.org.my 3 Malaysia Agriculture Report 2019 PROFILE INTRODUCTION Fatimah Mohamed Arshad is a research fellow at the Institute of Agricultural and Food Policy Studies, Universiti Putra Malaysia specializing in agricultural marketing and policy analyses.
    [Show full text]