Foodgrain price and trade policy in the Dominican Republic

Benjamin Senauer

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

As in many developing countries, the Dominican Republic has both an overvalued official foreign exchange rate and a policy of heavy government intervention in foodgrain markets. The Institute of Price Stabilization (INESPRE) controls the marketing, pricing and imports of the staple foodgrain, rice. INESPRE's operations and the overvalued currency produced an undervaluation of domestic rice production and an upward distortion of foodgrain imports. Additionally, the increasingly unfavourable rice-fertilizer price ratio has undoubtedly suppressed yields. As part of a set of austerity measures, the newly elected President banned rice imports. Dominican foodgrain policy may be at an important crossroads and a policy assessment is very timely.

Original languageEnglish (US)
Pages (from-to)313-326
Number of pages14
JournalFood Policy
Volume8
Issue number4
DOIs
StatePublished - Nov 1983

Keywords

  • Agricultural economics
  • Dominican Republic
  • Rice

Fingerprint

Dive into the research topics of 'Foodgrain price and trade policy in the Dominican Republic'. Together they form a unique fingerprint.

Cite this