17 February 2012
NTS Alert (Feb 2012)
Abstract
The volatility and instability in the rice market during the 2007-2008 food price crisis prompted two key rice importers, the Philippines and Indonesia, to pursue rice self-sufficiency with the aim of stabilising domestic rice supply and prices. This NTS Alert examines the impact of these actions for domestic and regional food security in terms of rice supply. It argues that the two countries’ measures to increase production could improve stability and trust in the rice trade if, in their new-found positions of confidence as producers, they spearhead efforts for deeper, more open engagement in the world rice market.
Abstract
The volatility and instability in the rice market during the 2007-2008 food price crisis prompted two key rice importers, the Philippines and Indonesia, to pursue rice self-sufficiency with the aim of stabilising domestic rice supply and prices. This NTS Alert examines the impact of these actions for domestic and regional food security in terms of rice supply. It argues that the two countries’ measures to increase production could improve stability and trust in the rice trade if, in their new-found positions of confidence as producers, they spearhead efforts for deeper, more open engagement in the world rice market.
