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Rice Prices through the 2008 Food Price Crisis

RICE PRICES $700 S600 $500 $400 $300 $200 US$/metric ton $100 2007 2008 2009 SEPTEMBER-OCTOBER SEPTEMBER JANUARY-APRIL MARCH JUNE India and Vietnam Philippines buys normal annual quota in just 4 Cambodia, India, and Vietnam place full bans on exports; Thai India lifts export ban on some higher-quality Cambodia and partially restrict exports Vietnam lift JUNE varieties months export bans Egypt announces it will resume exports in | September JANUARY Egypt restricts exports; China adds 10% tax on government discusses possibility of ban JUNE Record harvest; Japan allowed to reexport rice stocks; dollar gains strength; oil and other | crop prices fall exports APRIL Nigeria scraps 100% tariffs and imports 0.5 million mt of Thai rice Source: D. Headey and S. Fan, Reflections on the Global Food Crisis, Research Monograph 165 (Washington, DC: International Food Policy Research Institute, 2010). INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE INSIGHTS sustainabie solutions for ending hunger and poverty IFPRI" Supportad by the CGIAR MAGAZINE OF THE INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE | FALL 2011 RICE PRICES $700 S600 $500 $400 $300 $200 US$/metric ton $100 2007 2008 2009 SEPTEMBER-OCTOBER SEPTEMBER JANUARY-APRIL MARCH JUNE India and Vietnam Philippines buys normal annual quota in just 4 Cambodia, India, and Vietnam place full bans on exports; Thai India lifts export ban on some higher-quality Cambodia and partially restrict exports Vietnam lift JUNE varieties months export bans Egypt announces it will resume exports in | September JANUARY Egypt restricts exports; China adds 10% tax on government discusses possibility of ban JUNE Record harvest; Japan allowed to reexport rice stocks; dollar gains strength; oil and other | crop prices fall exports APRIL Nigeria scraps 100% tariffs and imports 0.5 million mt of Thai rice Source: D. Headey and S. Fan, Reflections on the Global Food Crisis, Research Monograph 165 (Washington, DC: International Food Policy Research Institute, 2010). INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE INSIGHTS sustainabie solutions for ending hunger and poverty IFPRI" Supportad by the CGIAR MAGAZINE OF THE INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE | FALL 2011

Rice Prices through the 2008 Food Price Crisis

shared by IFPRI on Jul 23
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Watch the international trade events that unfolded during the rise and fall of the 2008 food price crisis.

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