China becomes appetizing market for exporters of rice amid higher demand, scarcity of land
Article Abstract:
China's economic development is based on industrialization but the government is discovering that this policy is having an adverse impact on its long-standing self-sufficiency in food. The country's peasants are abandoning their traditional livelihood and setting up businesses to cash in on the country's booming economy. Although China still remains one of the world's top grain producers, output is steadily declining and many experts believe the country will eventually be forced to import rice and wheat. Such a development could have significant implications for grain exporting nations such as the US, Argentina and Australia.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Government control systems throttle key rice industry
Article Abstract:
The Vietnamese government's excessive intervention in the rice industry is inhibiting its growth and penalizing the country's rice growers. While the stated objective of Hanoi's complex mechanisms and inconstant agricultural policies is to protect farmers from uncertain market conditions and ensure a stable food supply, they are actually undermining international confidence in trading Vietnamese rice, thus driving down prices. Without trade restrictions on this crop, Vietnam's 1996 GDP could increase by $800 million.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Philippine rice bowl cracks under import controls
Article Abstract:
Rice prices in the Philippines are considerably higher compared to other Asian countries with similar economic conditions due to rice imports controlled by the government. The government imports rice because the amount of arable land in the Philippines is only 0.075 hectacres per capita, and rice is only grown on about 30% of that land. In addition, much of the Philippines workforce is educated and literate, meaning that there are fewer people willing to work as farm laborers.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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