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The Political Economy of Food Price Policy: the Case of Rice Prices in Vietnam

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  • Manh Hai Nguyen
  • Theodore Talbot

Abstract

Rice is a key agricultural commodity in Vietnam, and the agriculture, forestry, and fisheries sector remains a major source of employment and value addition. This paper uses episodes of rice price volatility to understand how the interplay of market forces and political economy factors caused domestic and world prices to diverge, depriving producers of windfall profits, and preventing markets from clearing.

Suggested Citation

  • Manh Hai Nguyen & Theodore Talbot, 2013. "The Political Economy of Food Price Policy: the Case of Rice Prices in Vietnam," WIDER Working Paper Series wp-2013-035, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2013-035
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    File URL: https://www.wider.unu.edu/sites/default/files/WP2013-035.pdf
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    References listed on IDEAS

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    1. Frank Asche & Helge Bremnes & Cathy R. Wessells, 1999. "Product Aggregation, Market Integration, and Relationships between Prices: An Application to World Salmon Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(3), pages 568-581.
    2. Vu, Linh & Glewwe, Paul, 2011. "Impacts of Rising Food Prices on Poverty and Welfare in Vietnam," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 36(1), pages 1-14, April.
    3. de Janvry, Alain & Sadoulet, Eliisabeth, 2009. "The Impact of Rising Food Prices on Household Welfare in India," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7xj9n1qq, Department of Agricultural & Resource Economics, UC Berkeley.
    4. Brian D. Wright, 2011. "The Economics of Grain Price Volatility," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 33(1), pages 32-58.
    5. Minot, Nicholas, 2010. "Transmission of World Food Price Changes to African Markets and its Effect on Household Welfare," Food Security Collaborative Working Papers 58563, Michigan State University, Department of Agricultural, Food, and Resource Economics.
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    Cited by:

    1. Tan Ngoc Vu & Duc Hong Vo & Michael McAleer, 2019. "Rent seeking for export licenses: Application to the Vietnam rice market," Documentos de Trabajo del ICAE 2019-13, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    2. JOHNSON, Deepak & KUROSAKI, Takashi, 2023. "Price Support and Farm Incomes : Comparative Study of Rice Growing Regions in Southern India and Mekong-Delta Vietnam," Discussion Paper Series 741, Institute of Economic Research, Hitotsubashi University.

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