Rice prices in the region

Posted in economics, macro by jrahman on May 23, 2012

While cleaning up my archive, I came across some rice price data I gathered some time ago.  Quick analysis, and here is a chart showing price of one kilogram of rice in Dhaka and a number of other cities in the region.  For benchmarking, I’ve also thrown in the export price of Thai parboiled rice.

Quick notes: monthly data since January 2009 (except Ho Chin Minh City, which is year average); ‘average’ or ‘boiled’ rice. 

Data source: CEIC Asia. 

At a first glance, it seems that rice prices in Dhaka are not particularly high compared with the global market (as proxied by the Thai export prices).  But compared to Kolkata, rice is expensive in Dhaka.

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8 Responses

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  1. fugstar said, on May 23, 2012 at 2:48 pm

    is there some inverse seasonal relation btw dhaka and kolkata, and lahore and kolkata?

    • jrahman said, on May 23, 2012 at 5:04 pm

      Nothing in the data. And can’t think of any intuitive reason why there would be.

    • Diganta said, on May 23, 2012 at 11:21 pm

      Should be, they are closest in distance if you take any of the two cities here together.

  2. fugstar said, on May 23, 2012 at 8:21 pm

    visually apparent. maybe seasonal, political coupling.
    do you see this as deliverance of awami pledges to keep prices low?

  3. Diganta said, on May 23, 2012 at 11:21 pm

    This is one of the reasons I don’t support India to export food, especially rice.

  4. jrahman said, on May 24, 2012 at 11:27 am

    Dhaka and Kolkata are affected by the same seasons, so why would there be an inverse seasonal relationship?

    Fug, I don’t see this as deliverance of the Awami pledge. Even if we don’t take the 10 taka / kg literally, prices are still much higher than what they were in January 2009.

    Diganta, export bans are at best ineffective, and at worse counterproductive. I’ll probably do a post on the issue.

  5. fug said, on May 25, 2012 at 6:08 am

    You’re the economist bhai. Make something up!
    Transnational trade? maybe there’s some gimme some, no you gimme some rice flux.
    Differential response to climate as the soils are different. old delta vs new delta.
    Urban-Rural Rice Response function. maybe they are differentially interelated with the growing areas and other cities.
    Behaviour of hoarders and speculators (remember we never got to the bottom of it last time)

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