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.

There are several major factors contributing to Bangladesh’s poor growth. Some of which are, but not restricted to, limited exports,

People depend on their farms to provide for their families and they have to deal with a lot of challenges that farmers in the US don’t have to deal with. Such as loss of arable land, unstable population growth, climate changes, inadequate management practices, unfair prices of produce and insufficient research. Each year in Bangladesh about 80,000 hectares of arable land are lost. Even though that all of these problems occur Bangladesh is still an agrarian economy with agriculture being the largest producing sector of its economy. Agriculture makes up for about 30% of the country’s GDP and employs about 60% of the country’s total labor force. Most farmers in Bangladesh own no more than a few acres of land and the crop yields are low because of lack of capital for input. The main cash-crop of Bangladesh is Jute. A cash crop is a crop grown for its commercial value rather than use to the producer or grower of the product. Much like how corn is to the United States, Bangladesh produces around one fourth of the world's jute supply. Unlike the United States which exports a lot different crops in large quantities, Jute makes up for around 13 to 15% of Bangladesh’s annual export ratings. The crop sub-sector of the agriculture in Bangladesh dominates at around 72% of the agriculture while fisheries take up about 10%, Livestock also takes up around 10% and forestry takes up about 7%. Bangladesh farms do not have the technologies

South Asia is one of the most densely populated regions of the world, where despite a slow growth, agriculture remains the backbone of rural economy as it employs one half to over 90 percent of the labor force. Both extensive and intensive policy measures for agriculture

Rice is grown upland so that water can flow down and irrigate all the rice below it and not overwater the plants, rice can have low productivity in some areas as soil can be poor and little fertiliser is used. Rainfall can be inconsistent and cause either drought or erosion of the hill side preventing growth. Rice needs to be grown in areas where nighttime

Formerly, the majorly cultivated crop in North Indus and Eastern Indus were wheat and rice respectively (Ladha et al., 2000). The adaptation and expansion of Rice-Wheat farming system occurred in India with the development of short duration varieties of rice and wheat during the Green Revolution (Timsina et al., 2001). The allied farming activity is livestock rearing in IGP. The livestock comprises 10% livelihood of rice-wheat based small farm holders in Indo-Gangetic plain (Erenstein et al., 2007) with an average 3.6 cow/household (Erenstein and Thorpe, 2010, cited in Erenstein 2011) .

Throughout the world the importance of rice has played a significant social, religious and economic role in many countries and the United States is no exception. In Indonesia rice is believed to have a soul like humans, in Japan the sacredness of rice comes in a close second only to the emperor, and in Sri Lanka astrologers are utilized and prayers are offered to ensure the planting of rice brings a bountiful harvest (Datta). Rice production in the United States has an interesting history. This history includes violence, slave labor, and smuggling by one of America’s founding fathers, Thomas Jefferson but it was Thomas Jefferson’s vision of the future that places U.S. rice production on the global trade map.

The data used for Cases 1 and 2 falls into four basic sets. The first, that of agricultural inputs, contains Minneapolis spring Wheat flour, Midwest sugar, and Soybean oil. These price data series were purchased from Quandl, an industry publication, and aggregated into monthly average prices. The prices for flour, sugar, and soybean oil were reported in dollars per hundredweight.

Rice farming requires an abundant amount of water to grow. Rainless days for a week in upland rice-growing areas can drastically decrease rice stock. Average rice stock drop in rained, drought-flat areas ranging from 17% to 40% in severe drought years which cause rice farmers losses and food scarcity.

Notoriously volatile is the known or fact that it will chance or is unpredictable. Therefore, it can be said that the price growers receive are unpredictable and are known to change over time and are never stable, it can also never be accurately predicted. In this report, it will contain data interpreted by myself supporting that the price growers receive for coffee beans are “notoriously volatile”. I will then go on to explain the fluctuations and then go onto conducting an economic analysis of the coffee bean market in the long and short run then analyse whether government intervention can stabilise price for growers.

Raw material prices of sugar and wheat, which constitute 55 per cent of have increased in the last 18 months. Consequently the margin of Parle G had decreased from 15 per cent to 10 per cent. The price consciousness of customer depends on the household income. The lower and middle class people are most sensitive to price change.

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

Production and Productivity Trends Labor productivity. Up until the 1970s, the Philippines’ agricultural performance, in terms of both agricultural Gross Value Added (GVA) and agricultural exports, compared well with its neighbors and other Asian countries (Figure 3a). But by the 1980s and 1990s, the country had lagged behind most of the countries in the region (Figures 3b and 3c). This came as agricultural output growth had slowed down dramatically through the decades (Figure 4). Moreover, the sector’s growth had been rather erratic in the 1990s, especially with the periodic occurrence of the El Niño phenomenon that had appreciable impact on weather patterns and, consequently, agricultural performance. Table 1 shows the average annual growth in GVA of major agricultural commodities since 1960. What is clear from the table is that growth rates of all commodities, except for livestock and poultry, have been slowing down over time. Furthermore, growth rates have been below the population growth rate, implying that production has not been able to keep up with increasing population. Erratic and decelerating growth over the past two decades is a major concern, as agriculture continues to employ a large

Some of these factors include its geographical location that lies in South Asia, its low elevation with deltaic topography, it extreme climate variability and the fact that majority of its population are often dependent on crop agriculture that is highly influenced by the climate in the area. The main aim of this research paper is to discover the impact of climate change in Bangladesh economy. This research purposefully focuses on the agricultural sector, and this is because this is the main source of the country’s economy. Further, most people in the nation are dependent on food crops. This paper intends to consult several different and diverse geographical studies of the regions that will be exclusive to the climate effects on

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.