Law of One Price: Price Variation of Rice in West Bengal

The cultivation of rice has had an enormous impact on the natural biome. Rice has affected the natural biome that it is grown in, in a devastating way. It has caused the natural biomes to deteriorate and caused the natural way of life to collapse leaving no place for the native animals and plants. But what would happen if the cultivation of rice stopped and the natural biomes returned to their former glory? What would happen to all those people depending on rice for the next meal? Those who depend on rice to pay for and keep their families alive? This report looks at the where, effects, who and how of rice cultivation.

In the case of Southern Rice, what particular type(s) of budgeting method would you consider? Why?

In all three degrees of price discrimination firms are able to make more profit and eliminate any excess capacity they may have. Firms are able to do this by charging higher prices to those consumers with a more price inelastic demand for their product. The firm is reducing the welfare of these consumers by changing them at the maximum price they are willing to

As SNAP shifts to strictly staple foods, the economic impacts will implement changes on the supply and demand of rice. In the short run the price of rice will rise and the demand curve of rice will shift outward. This effect will take place because of SNAP’s proposed limitations. If the members of SNAP are limited to only food staples they will find themselves demanding more rice than before. This shift will cause an upward movement along the supply curve. There will be an increase in the quantity of rice supplied in the long run because the demand will have grown from the limitations placed on SNAP consumers that suppliers will have

____12.What will happen in the rice market now if buyers expect higher rice prices in the near future?

there are a number of different buyers and sellers in the marketplace. This means that we have competition in the market, which allows price to change in response to changes in supply and demand. Furthermore, for almost every product there are substitutes, so if one product becomes too expensive, a buyer can choose a cheaper substitute instead. In a market with many buyers and sellers, both the consumer and the supplier have equal ability to influence price.

Corn: The price of corn is set by the overall supply of the product. As the supply for corn goes up the overall price drops. As the supply of corn falls the price will dramatically rise. This can all depend on the type of year farmers had.

Based on your map, do you see any regional differences in the price of your food item? Describe that difference.

The price of coffee is impacted by several factors. Meteorological events can affect the quality of a harvest or even wipe out entire plantations. The political and economic stability of the coffee-growing regions can have a profound effect on availability, and subsequently price per pound. Coffee is traded on the commodities exchanges

The net payoff per share of the arbitrage transaction is $0.07 for Royal Dutch and $2.332 for Shell. Arbitrage can enforce market discipline because once the discrepancy in market prices is discovered the price discrepancy is quickly eliminated. This enables buyers avoid prices that will send them into bankruptcy. It also enables sellers to generate revenue (as opposed to losing money in a situation where arbitrage occurred.)

Later new rice varieties were developed in the Philippines, most famously the IR-8 variety which is famous for increasing yields six fold in its first harvest. Since then further improvements have decreased the growing season required, allowing for extra rice craps to be grown, and made strains tolerant to a less than optimum

South Asia is the region that the rice was originated from, although the historical record shows that China, in 2700 B.C., cultivated rice farm. Among countries in South Asia, India and Bangladesh are the largest rice production countries (Mohanty 2014). There is largest paddy field cultivation in India. Paddy field is a land filled with water where deep-water rice grows. In India, there are four kinds of rice are grown: dry or upland rice, rain-fed rice, irrigated rice, and deep-water rice. Indians like to long shaped rice, which is, dry and separate when it’s cooked unlike East Asian countries. The most popular rice in India is ‘basmati.’ The best quality basmati comes from Dehra Dun located in Northern India. The lower grade rice, patna rice is produced in Bihar located Eastern India near Nepal. Indians in rural area produced red rice, which has thicker grain and rich nutrition. Plain boiled rice dish is served in South India and coastal villages. Roasted dry rice mixed with vegetables is made in Bombay located in West Coast

Moreover the university known as fraser valley had the highest prices so far in any of the market by any other country. And the next and the most expensive farmland was recorded by the Bradford which is locate in Ontario and where the value of land was increased by 25 percent. This also stated that the demand is affected by the operations of farmland which also further expanded. Now a days, increase in the demand of the farmland led to increase in the number of buyers for various lands which also affected the price in the economy. As after increase in prices of farmland there was a huge increase in rate of the agricultural commodities. Thus sometimes demand exceeds supply and sometimes supply exceeds demand. When demand exceeds is known as quantity demanded and when supply increased is knows and quantity supplied. Both demand and supply are effected on basic reasons as each and every other country’s economic transactions and various type of goods and services are affected by the forces of demand and supply. Sometimes the economy lowers or equals the demand and supply and this will lead to equilibrium in the economy where the demand is equal to supply so the price of farmland will be in control in form of every other country. Mostly demand in the economy is increased by both demand of the products and related to all

Political factors impact the agricultural sector in factors relating to regulation, distribution, and consumption of foods in a given country. Government policies and imposed regulations have a direct effect on nutritional choices that a consumer makes, and this, in turn, affects the agriculture market (KPMG, 2012). For example, policies governing food prices or the amount of information that a consumer will receive affects the choice of the consumer. Food regulation and safety measures implemented influence the supply of food products, and ultimately determines the market choice for consumers (KPMG, 2012). Economic factors have a direct effect on the agricultural industry. On one hand, the input cost such as the price of seeds, fertilizers, and cost of labor affect the productivity of the industry. The economic status of a country also affects the industry’s productivity. For example, in developing countries, the agricultural sector is less developed owing to limited resource input and poor infrastructure (KPMG, 2012).

NatuRi consiguió ubicarse al sur de Tamil Nadu, donde podría implementar su proceso sobre el salvado o RBO crudo mientras que al mismo tiempo se ejercía un completo control sobre las materias primas necesarias para la producción del Rice – Active. De este modo, el producto terminado tendría la calidad buscada por la empresa y así, se podrían conseguir buenos resultados al momento de entrar al mercado y enfrentar a la competencia.