@article{Dawe:199068,
      recid = {199068},
      author = {Dawe, David},
      title = {Cereal Price Transmission in Several Large Asian Countries  during the Global Food Crisis},
      journal = {Asian Journal of Agriculture and Development},
      address = {2009-06-30},
      number = {1362-2016-107624},
      pages = {12},
      month = {Jun},
      year = {2009},
      abstract = {World cereal prices have been increasing substantially  since 2003. Until 2008, the Asian countries examined in  this paper (Bangladesh, China, India, Indonesia, the  Philippines, Thailand and Viet Nam) had
generally been able  to contain domestic price increases by using trade policies  and taking advantage of the depreciation of the US dollar.  On average, domestic price increases in real terms were  only about one third of the world price increases in real  US dollar terms. In the face of large world price increases  in early 2008, the transmission to domestic markets was  still incomplete, but prices increased substantially in  some countries. In other countries, however, prices  increased very little, if at all. Trade policies explain  some of the different outcomes across countries, but  speculative activity by farmers, traders, and consumers  also
appears to have played a role. While there has been  incomplete transmission between world and domestic markets,  transmission within national borders has been stronger in  the sense that, for any given country,
percentage increases  in farm and consumer prices have been similar. The overall  price increases during the past several years have probably  been large enough to create a supply response, even in the  face of higher
fertilizer prices.},
      url = {http://ageconsearch.umn.edu/record/199068},
      doi = {https://doi.org/10.22004/ag.econ.199068},
}