Rethinking rice reserves: Policy pathways for stability amid market turbulence
Highlights • From panic to glut, rice market volatility persists: After the 2023 price spike, record harvests and overflowing stocks have driven international rice prices to multiyear lows, squeezing farm incomes and intensifying competition among exporters. • Supporting stable and well-managed rice...
| Autores principales: | , , |
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| Formato: | Brief |
| Lenguaje: | Inglés |
| Publicado: |
International Rice Research Institute
2025
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| Acceso en línea: | https://hdl.handle.net/10568/179379 |
| _version_ | 1855519605976465408 |
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| author | Mirzabaev, Alisher Pede, Valerien Basnet, Shyam |
| author_browse | Basnet, Shyam Mirzabaev, Alisher Pede, Valerien |
| author_facet | Mirzabaev, Alisher Pede, Valerien Basnet, Shyam |
| author_sort | Mirzabaev, Alisher |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Highlights
• From panic to glut, rice market volatility persists: After the 2023 price spike, record harvests and overflowing stocks have driven international rice prices to multiyear lows, squeezing farm
incomes and intensifying competition among exporters.
• Supporting stable and well-managed rice reserves: There is a need to set risk-based reserve targets, separate emergency buff ers from price support stocks, enforce countercyclical
release triggers, and crowd in private storage; applying these principles will help protect farmers and consumers while minimizing fiscal overhangs. It is crucial that rice reserves are managed to
smoothen cycles rather than amplify price volatility.
• Regional pathways to more stable rice markets: Countries can look into upgrading regional arrangements, such as the ASEAN Plus Three Emergency Rice Reserve (APTERR) to a fast-trigger
facility with a modest permanent stock and a cash window, tying access to timely stock and harvest data, and backstopping this with transparent data and trade protocols so that shocks do not snowball across markets. |
| format | Brief |
| id | CGSpace179379 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | International Rice Research Institute |
| publisherStr | International Rice Research Institute |
| record_format | dspace |
| spelling | CGSpace1793792026-01-06T02:04:12Z Rethinking rice reserves: Policy pathways for stability amid market turbulence Mirzabaev, Alisher Pede, Valerien Basnet, Shyam domestic markets domestic trade export controls policies rice Highlights • From panic to glut, rice market volatility persists: After the 2023 price spike, record harvests and overflowing stocks have driven international rice prices to multiyear lows, squeezing farm incomes and intensifying competition among exporters. • Supporting stable and well-managed rice reserves: There is a need to set risk-based reserve targets, separate emergency buff ers from price support stocks, enforce countercyclical release triggers, and crowd in private storage; applying these principles will help protect farmers and consumers while minimizing fiscal overhangs. It is crucial that rice reserves are managed to smoothen cycles rather than amplify price volatility. • Regional pathways to more stable rice markets: Countries can look into upgrading regional arrangements, such as the ASEAN Plus Three Emergency Rice Reserve (APTERR) to a fast-trigger facility with a modest permanent stock and a cash window, tying access to timely stock and harvest data, and backstopping this with transparent data and trade protocols so that shocks do not snowball across markets. 2025-11-24 2026-01-05T07:35:12Z 2026-01-05T07:35:12Z Brief https://hdl.handle.net/10568/179379 en Open Access application/pdf International Rice Research Institute Mirzabaev, Alisher, Valerien Pede, and Shyam Basnet (2025). Rethinking rice reserves: Policy pathways for stability amid market turbulence. IRRI Rice Market Brief #6, November 24, 2025. 6 p. |
| spellingShingle | domestic markets domestic trade export controls policies rice Mirzabaev, Alisher Pede, Valerien Basnet, Shyam Rethinking rice reserves: Policy pathways for stability amid market turbulence |
| title | Rethinking rice reserves: Policy pathways for stability amid market turbulence |
| title_full | Rethinking rice reserves: Policy pathways for stability amid market turbulence |
| title_fullStr | Rethinking rice reserves: Policy pathways for stability amid market turbulence |
| title_full_unstemmed | Rethinking rice reserves: Policy pathways for stability amid market turbulence |
| title_short | Rethinking rice reserves: Policy pathways for stability amid market turbulence |
| title_sort | rethinking rice reserves policy pathways for stability amid market turbulence |
| topic | domestic markets domestic trade export controls policies rice |
| url | https://hdl.handle.net/10568/179379 |
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