Anderson, Kym; Martin, Will - C.E.P.R. Discussion Papers - 2011
estimates of agricultural distortions to assess its contribution to the price spikes in 1972-4 and 2006-8 for rice and wheat …. The analysis suggests that 45 percent of the increase in rice prices in 2006-8, and 30 percent of the increase in wheat …-insulating behavior by the industrial countries. This provides little stabilizing benefit in the rice market because countries not …