Marketing

 International Trade in Rice, Recent Developments and Prospects: In the past several decades, the international rice market has undergone major changes, in particular a shift in the general policy setting, a strong expansion in the volumes of trade and a lingering tendency for world prices to decline in real terms and relative to the other two most traded cereals, wheat and maize. Nonetheless, the world rice market continues to be regarded as distorted, thin, segmented and volatile. This paper discusses whether these attributes still portray the market, in the light of the trade liberalization drives prevailing in the 1990s. (107kb,15pp)