PEPP Seminar (April 27th, 2023): “Reviewing Indica and Japonica rice market development” and “Impacts of the Russian Aggression against Ukraine on Global Wheat Market” by Dr. Tatsuji Koizumi (Senior Research Fellow of Policy Research Institute, Ministry of Agriculture, Forestry and Fisheries)
2023/04/18
By Dr. Tatsuji Koizumi (Senior Research Fellow of Policy Research Institute, Ministry of Agriculture, Forestry and Fisheries)
Date：Thursday, April 27th, 2023
Time：16:45～18:15 (JST)
Venue: 3A308
Abstract:
1) “Reviewing Indica and Japonica rice market development”
Indica and Japonica are the two major types of rice traded on the global market. Product characteristics, production zones, consumer preferences, and government policies influence Indica and Japonica rice market structures. Using the Rice Economy Climate Change (RECC) model, which covers these rice markets in 24 countries and the global rice market, the international Japonica rice price is found to be more volatile than that for Indica rice under possible climate change scenarios. The simulation results also suggest that agricultural investments in major countries producing Indica and Japonica rice will contribute to their price stability over the medium and long term under climate change.
2) “Impacts of the Russian Aggression against Ukraine on Global Wheat Market”
This study examines how decreasing wheat production and exports, agricultural knowledge & innovation systems and labor force recovery in Ukraine due to Russian aggression against Ukraine will contribute to stabilizing global wheat markets by considering future climate change. The simulation results reveal that the decrease in wheat production and exports, agricultural knowledge & innovation systems, and agricultural labor force in Ukraine will impact the global wheat market. This study suggests that the early recovery of agricultural knowledge & innovation systems, and the agricultural labor force in Ukraine will contribute to stabilizing international wheat prices in the long term.
Full Text: “Reviewing Indica and Japonica rice market development”
