Price stabilization and public foodgrain distribution: policy options to enhance national food security
Subtitle:[FMRSP: Working Paper 12]
Ironically, less than one year from the massive floods of 1998 and the concerns of imminent food shortages, excessively low prices, rather than high prices, dominate the short-term food policy debate. Bumper crops of wheat and boro rice in the first half of 1999 suddenly brought large surpluses to markets, leading the Ministry of Food to increase procurement targets, and resulting in a large build-up of government stocks. This rapid turnabout in market conditions and public perceptions illustrates both the natural instability of foodgrain production and markets in Bangladesh and is a major reason why the Government of Bangladesh intervenes heavily in rice and wheat markets.
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