In Search of Food Security: Addressing Opacity and Price Volatility in ASEAN's Rice Sector

The availability of rice has long been considered a key indicator of food security in Southeast Asia. However for largely strategic reasons there is paucity of information in the public domain on rice availability, particularly figures on production, storage and trade. As a consequence, households, producers, mills and traders participating in the market have been doing so based on opaque information, and this has had significant impact on rice price information. When price shocks and volatility occur, the ramifications of trading with insufficient data are magnified. This paper recommends four measures that Southeast Asian governments might take to increase tranparency, and thus address the continuing problem of price volatility. [Policy Brief No.15]. URL:[http://www.rsis.edu.sg/nts/HTML-Newsletter/Policy-Brief/pdf/Policy_Brief_190312.pdf].