Monthly Archives: April 2005
The price of rice has consistently fallen over the last 40 years. Since the beginnings of the Green Revolution in the mid-1960s, the real (inflation-adjusted) price of rice in the world market has been more than halved while global rice production has increased (Figure 1). This movement in price has not been smooth. An upward trend during the oil crisis in 1973-75 was...
Rice is, arguably, the world’s most important food crop. In spite of this prominence, the private sector for many years concentrated only on developing rice crop protection products such as herbicides and insecticides. There was little investment in improving rice varieties, and low participation in the crop seed business. In the mid-1990s, however, several agricultural...
