Faculty of Agriculture,
Major purposes of my
presentation are, first, to review the supply and demand balance of rice in the
last 55 years in
1. Per capita rice consumption of rice producing households declined much faster than that of non-rice producing households in recent years. Households with higher income purchased smaller amount of rice, and paid higher prices for rice.
2. Estimation result of per capita rice consumption using time series data of 1980-2001 showed that rice demand elasticity with respect to final consumption expenditure was –0.2, and with respect to family size was 0.56.
3. Per capita rice consumption was projected to keep declining in the future, 60.2 kg in 2010. Both of total rice production and consumption will keep declining in the near future.