EWFIS-40 Market Structure and Price Determination of Foodgrains in Bangladesh* Naser Farid1 Dr. M. Sayedur Rahman2 ________________________________________________________________ 1Project Director 2Agricultural Statistics Specialist Early Warning and Food Information System Project Ministry of Food September 2002 * The views expressed in this report are those of the authors and do not necessarily reflect the official position of the Government of Bangladesh. Executive Summary Prices play a central role in economic theory in guiding production and consumption. Consumers are likewise influenced in their decisions by advertising, the display space given to foods in supermarkets, personal whims, packaging and convenience as well as by prices. The pricing decisions, whether made on the basis of market forces or political considerations have important economic consequences. For this reason, tools of analysis that will help one to anticipate the economic effects of pricing decisions are still important. Farmers, marketing and supply firms and government officials have to make many decisions that require a knowledge of what will happen if the price of a particular commodity rises or falls. Price in terms of level and frequency of change varies with the type of market structure. Markets may be classified as competitive (many buyers and sellers), Oligopolistic (new firms) or monopolistic (a single firm). Another category that is sometimes used is monopolistic competition (many firm selling similar but differentiated products. Rice is the predominant crop, covering 75% of the cropped area and accounting for 70% of the value of crop output. The production of supply of sufficient food is one side of food security while the other pivotal side is entitlement of all, primarily of the poor, marginal and disadvantaged people to available foods in a given space and time. It is essentially a match of required production and marketable quarantines for a given population against their entitlement to such foods, Therefore, the market played a vital role in achieving food security for the poor and marginal, because, the market determines the availability as well as the price of food grains. Price performance under alternative market structures is difficult to appraise. Competitive prices are likely to change more frequently and may fluctuate more violently than those established and maintained under conditions of monopoly or oligopoly. Economists lend to prefer competitive pricing to monopoly pricing. There is a greater possibility of farmers being exploited when only a single buyer or a few outlets are available in a local area. But it is difficult to determine empirically whether or not farmers are being charged higher prices for the things they buy or are being offered lower prices for what they sell than would prevail with a larger number of sellers and buyers. In forecasting production, an understanding of the prices to which farmers respond is important. For most commodities, except those grown under contract, product prices are uncertain at planting time. Expected future prices may be based on recent past prices, average prices over a period of years, current prices for the distant delivery of a commodity as ii observed on an organized futures market, government price-support levels, or outlook statements. For some commodities, there is considerable empirical evidence to suggest that future production plans are based on current prices. It this relationship persist, a cycle of alternating high and low production may develop, with corresponding changes in prices. High prices in one year will lead to high production and low prices in the following year, which will then induce a cutback in production the next year. The market plays a very vital role in achieving food security, because it is the market, which determines the availability as well as the price. Even though there is money in the hands of the people, non-availability of foodgrains would shot the price up beyond the consumer's reach. On the other hand, even of there are huge stocks in the market, the lack of purchasing power would make it impossible for the people to buy. Market failure sometimes causes disruption and such failure leads to non-availability as well as higher price. Besides market, the distribution system also plays a vital role for enhancing greater access to food by the poor. The market and the PFDS have important links. More research needed to identify the appropriate role of the government in providing or facilitating the development of those institutions that are necessary to promote agricultural markets and rural income growth. The types of institutions needed can be classified into four main categories: (1) market related institutions such as cooperatives, farmers and traders associations, credit clubs, contract farming, etc., (2) institutional infrastructure such as roads, communication networks, commodity exchanges, storage facilities, market information services, etc., (3) regulatory institutions such as laws regarding market conduct and enforcement of contracts, ownership rules and property rights, grades and standards, etc., and (4) government and political institutions that have the capacity to monitor the emergence of markets and support their development. Finally suggested to improving rural commutation for better transportation of goods and that would certainly benefit the locality as well as community. The study tried to explore to two interrelated areas mainly market structure and price determination of foodgrain in relation to achieving food security for the poor and marginal people. The study suggested policy responses for improving the market, price stabilization and the PFDS. This study will help identify the types of public policies needed for the development of competitive and efficient agro-based markets that can contribute in reducing rural poverty and promoting agricultural economic growth in the country. iii List of Contents Executive Summary List of Contents List of Tables List of Figures 1. Introduction 2. Market Structure and Price 2.1 Agricultural Commodity Prices and Its Role in Economy 3. Spatial Distribution of the Rice Marketing System 3.1 The Scenario of Marketing Channels 3.2 Functional Variety of Marketing Process in Private Sector 3.2.1 Market Chain for Rice 3.3 Marketing System in Public Sector 4. Foodgrain Price and Its Distribution by the Public Sector 5. Conclusions and Recommendations References Appendix iv List of Tables Table-1: Scenario of Per Capita Food Grain Production of Bangladesh. Table-2: Structural scenario changes in rice market of Bangladesh. Table-3: Shares of various channels in PFDS offtakes of wheat. Table-4: Food Grain Imports and Total PFDS Intake Scenario of Bangladesh. Table-5: Distribution Scenario and Availability of Food Grain of Bangladesh. Table-6a: Commodity-wise Export Handled at Chittagong & Mongla Ports. Table-6b: Commodity-wise Export Handled at Chittagong & Mongla Ports. Table-7a: Commodity-wise Import Handled at Chittagong & Mongla ports. Table-7b: Commodity-wise Import Handled at Chittagong & Mongla ports. Table-8: Truck Cost Price from Dinajpur to Dhaka and Chittagong. Table-9: Annual Cost for Truck for Mymensingh to Dhaka. Appendix Table1a: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aman Season of Dinajpur, Rangpur, Bogra and Rajshahi Market during the Period of 1980-81 to 2001-02. Appendix Table1b: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aman Season of Pabna, Kushtia, Jessore and Khulna Market during the Period of 1980-81 to 2001-02. Appendix Table1c: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aman Season of Barisal, Patuakhali, Mymensingh and Kishoreganj during the Period of 1980-81 to 2001-02. Appendix Table1d: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aman Season of Jamalpur, Tangail, Faridpur and Dhaka Market during the Period of 1980-81 to 2001-02. Appendix Table1e: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aman Season of Sylhet, Comilla, Noakhali and Chittagang Market during the Period of 1980-81 to 2001-02. Appendix Table1f: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aman Season of Rangamati, Khagrachari and Bandarban Market during the Period of 1980-81 to 2001-02. Appendix Table2a: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aus Season of Dinajpur, Rangpur, Bogra and Rajshahi Market during the Period of 1980-81 to 2001-02. v Appendix Table2b: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aus Season of Pabna, Kushtia, Jessore and Khulna Market during the Period of 1980-81 to 2001-02. Appendix Table2c: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aus Season of Barisal, Patuakhali, Mymensingh and Kishoreganj during the Period of 1980-81 to 2001-02. Appendix Table2d: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aus Season of Jamalpur, Tangail, Faridpur and Dhaka Market during the Period of 1980-81 to 2001-02. Appendix Table2e: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aus Season of Sylhet, Comilla, Noakhali and Chittagang Market during the Period of 1980-81 to 2001-02. Appendix Table2f: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aus Season of Rangamati, Khagrachari and Bandarban Market during the Period of 1980-81 to 2001-02. Appendix Table3a: Distribution of Marketwise Fluctuations of Boro Rice Prices in Boro Season of Dinajpur, Rangpur, Bogra and Rajshahi Market during the Period of 1980-81 to 2001-02. Appendix Table3b: Distribution of Marketwise Fluctuations of Boro Rice Prices in Boro Season of Pabna, Kushtia, Jessore and Khulna Market during the Period of 1980-81 to 2001-02. Appendix Table3c: Distribution of Marketwise Fluctuations of Boro Rice Prices in Boro Season of Barisal, Patuakhali, Mymensingh and Kishoreganj during the Period of 1980-81 to 2001-02. Appendix Table3d: Distribution of Marketwise Fluctuations of Boro Rice Prices in Boro Season of Jamalpur, Tangail, Faridpur and Dhaka Market during the Period of 1980-81 to 2001-02. Appendix Table3e: Distribution of Marketwise Fluctuations of Boro Rice Prices in Boro Season of Sylhet, Comilla, Noakhali and Chittagang Market during the Period of 1980-81 to 2001-02. Appendix Table3f: Distribution of Marketwise Fluctuations of Boro Rice Prices in Boro Season of Rangamati, Khagrachari and Bandarban Market during the Period of 1980-81 to 2001-02. vi List of figures Fig.1: Changing supply-price relationships through time. Fig.2: Wheat marketing operation channels in Bangladesh Fig.3: Rice marketing operation channels in Bangladesh vii Market Structure and Price Determination of Foodgrains in Bangladesh By Naser Farid & Dr. M. Sayedur Rahman 1. Introduction Agriculture is the single most important sector of the economy. The crop sector, in particular food crops (mainly rice and wheat), plays a dominant role and represents about 76% of the value added in agriculture, although the share of non-crop agriculture, particularly livestock and fisheries has increased steadily in recent years. Rice is the predominant crop, covering 75% of the cropped area and accounting for 70% of the value of crop output. The production of supply of sufficient food is one side of food security while the other pivotal side is entitlement of all, primarily of the poor, marginal and disadvantaged people to available foods in a given space and time. It is essentially a match of required production and marketable quarantines for a given population against their entitlement to such foods, Therefore, the market played a vital role in achieving food security for the poor and marginal, because, the market determines the availability as well as the price of food grains. The food grain marketing system has changed dramatically in Bangladesh over the past several decades. While rice production doubled (Table-1 & 2) between the early 1960’s and early 1990’s, the percentage of production that marketed rose from 10-14 percent to nearly 50 percent, and market volume increased six-fold (Ninnon and Dorosh, 1998). In part, this large increase in marketed production is due to the expansion of Boro HYV paddy, which is harvested at the start of the monsoon season in May and June, and is thus difficult to store (Chowdhury, 1992). About two-thirds of total farm sales take place at the farm level, rather than in nearby markets. For small farmers, sales at farm gate are especially common in regions with surplus per capita food grain production and / or high use of modern agricultural inputs (Chowdhury, 1992). There is substantial evidence that private rice markets are, in general, highly competitive (Islam et al., 1985; Chowdhury, 1992), though in some regions which are geographically isolated during rainy season, there is evidence that small numbers of traders collude to the detriment of small farmers (Crow and Morshid, 1990). The overall scenario that emerges is one of robust growth and increasingly competitive rice and paddy markets. 2 Table-1: Scenario of Per Capita Food Grain Production of Bangladesh. Financial Estimated Year Population (‘000) Grain Production (‘000 Tons) FY57-60 Avg 47550 7796 24 7821 7016 21 7038 148.01 FY61-65 Avg 54014 9701 36 9737 8731 31 8763 162.24 FY66-70 Avg 62777 10567 69 10636 9510 62 9572 152.48 FY71-75 Avg 71995 10700 107 10808 9630 96 9727 135.11 FY76-80 Avg 82639 12464 390 12855 11218 351 11569 139.99 FY80-85 Avg 93958 14037 1157 15195 12633 1041 13675 145.54 FY86-90 Avg 104730 15852 1018 16870 14266 916 15183 144.97 FY91-95 Avg 115000 17864 1124 18988 16078 1011 17078 148.60 1995-96 121000 17688 1369 19057 15919 1232 17151 141.75 1996-97 123000 18882 1454 20336 16994 1309 18302 148.80 1997-98 125000 18862 1803 20665 16976 1623 18599 148.79 1998-99 127000 19905 1908 21813 17915 1717 19632 154.58 1999-2000 129000 23067 1840 24907 20760 1656 22416 173.77 FY95-00 Avg 125000 19680 1674 21355 17712 1507 19220 153.76 Rice Wheat Total Net Grain Production (‘000 Tons) Rice Wheat Production Per Capita (kg) Total Source: FPMU data, Ministry of Food. Table-2: Structural scenario changes in rice market of Bangladesh. 1960’s Variable 1970’s 1980’s 1990’ s Production Marketing Distribution Number of Total (MMT) 10 12 15 18 Boro share (%) 7 18 26 37 HYV share (%) 1 23 36 58 As share of production (%) 12 27 34 49 Total marketed (MMT) 1 3 5 9 Marketing per capita (kg) 20 41 51 78 Public share of rice marketed (%) 30 15 11 7 Share marketed in the three largest urban centers (%) - 40 - 20 Share sold on the farm to itinerant traders (%) 28 - - 66 Itinerant traders 4000 - - 48000 Millers 6155 11592 43691 50868 marketing Automatic 0 3 66 88 agents Major 106 152 251 480 Small huller 6049 11437 43374 50300 No. of months consumption requirements 1 - - 3 Average storage time for trader stocks (months) 4 - - 1 Private rice stock Source: Ninno and Dorosh (1998); Various issue of BBS; FPMU, Ministry of Food. 3 The prices of agricultural commodities are important both economically and politically because they strongly influence the level of farm incomes, the welfare of consumers and in many countries, the amount of export carvings. The incomes of nearly half the world's population are determined principally by the prices received for agricultural commodities. A decline of only a few cents per pound in the prices of such internationally traded commodities as sugar, coffee and cocoa can have serious political and economic repercussions in such countries as Mauritius, Colombia and Ghana (Tomek and Robinson, 1995). In Bangladesh where agriculture accounts for one third of GDP and food prices are politically sensitive. 2. Market Structure and Price Numerous empirical studies of the relationship between farm, wholesale and retail prices have been undertaken (Heien, 1980, Hall et al., 1981; Lamm and Westcott, 1981; Ward, 1982; Kinnucan and Forker, 1987). These studies have focused mainly on the lags between changes in farm prices and changes in retail prices, although Lamm and Westcott (1981) place special attention on other input prices. Empirical studies indicate that lags do exist in price adjustments and that the length of lag is related to the amount of processing. Lags and shortest for commodities, which are fresh eggs and longest for fats and oils and processed fruits and vegetables (Hall et al., 1981; Westcott, 1986). Statistical tests typically, but do not always, are consistent with causality running from changes in farm prices to changes in retail prices. In the short run, changes in retail prices are more often related to changes in farm-level supply than do changes in consumer demand. Price in terms of level and frequency of change varies with the type of market structure. Markets may be classified as competitive (many buyers and sellers), Oligopolistic (new firms) or monopolistic (a single firm). Another category that is sometimes used is monopolistic competition (many firm selling similar but differentiated products. A purely competitive market is one in which the following conditions prevail: (1) The number of buyers and sellers is sufficiently large so that no individual can perceptibly influence price by his or her decision to buy or sell. (2) The product is sufficiently homogeneous so that the product of one firm is essentially a perfect substitute for that of another firm. 4 (3) There are no artificial restrictions on demand, supply or prices, such as government intervention or collusion among firms. (4) Mobility of resources and products exists in the economy; e.g., a new firm should be free to enter the industry. Price may be determined under conditions similar to those prevailing in competitive markets even when the number of firms is small, provided entry and exist of firms is relatively costless. Markets in which firms can exit or enter without incurring significant costs are referred to in the literature relating to market structure as contestable markets (Baumol, 1982; MacDonald, 1987). In a purely competitive market, it is assumed that every producer-seller seeks to maximize profits by selling at as high a price as possible, and that every buyer seeks to maximize utility by obtaining the product at as low a price as possible. The collective actions of buyers and sellers determine prices. Monopolistic competition refers to a market in which a larger number of sellers offer a differentiated product. These products are presumably close substitutes, but the individual sellers are able to differentiate their product on the basis of a trade name, style, quality, service, location, or other factors. Consequently, the firm has some influence on price, but the number of substitutes is likely to limit the firm's discretion in pricing. The demand relation faced by the individual firms, while not perfectly elastic, is likely to be quite elastic in the prevailing range of prices. In real markets, sequential, binding trades are made with the passage of time based on imperfect information. The average of these prices may not equal the true equilibrium or even tend toward the equilibrium. Because true equilibrium prices are unobservable, it is difficult to test for the relationship between them and transactions prices. Some experiments have been conducted in an attempt to simulate reality. Hess (1972) and others found that under a few experimental situations, the average of transactions prices was a biased estimate of the equilibrium. Actual market prices approximate equilibrium prices in a purely competitive market. There are at least two "model" of the relationship of transactions prices to the theoretical equilibrium price. One view is that prices within a particular time period are distributed about the true equilibrium for that time period. Thus, the average of transactions prices is taken as equal to the equilibrium price. This is the implicit assumption of most empirical studies that use average prices for a month, quarter or year in the analysis. In essence, the reported average price is treated as and unbiased estimate of the true equilibrium price. A second model views successive transactions as tending toward equilibrium. 5 Stockholders by storing at harvest and releasing stocks in later periods, reduce the amplitude of price fluctuations. The agricultural commodity has and inelastic demand and a supply that shifts from season to season. As a result, equilibrium prices for commodities such as potatoes are highly variable from year to year. Various combinations of shifts in supply and demand, and differences in slopes are possible. This helps explain why different commodities have different degrees of price variability. In dynamic economy, the forces that influence both the level and slope of demand and supply schedules are changing. Hence, equilibrium price generally changes through time and structural changes in demand and supply may occur as well. Price theory in its simplest form assumes that buyers and sellers meet directly. Equilibrium prices are determined by the aggregate demand and supply schedules of these buyers and sellers. However, substantial research has been done in agricultural economics on questions related to price differences between farmers and consumers. Nonetheless, unanswered questions remain (Tomek and Robinson, 1995). The difference between the price received by producers and that paid by consumers is a marketing margin. Both producers and consumers are concerned about the size of marketing margins, changes in marketing margins, and incidence of changes in margins. Among the questions frequently asked are the following: Are marketing margins too large? Why do margins differ among products? How have they changed with the passage of time? Are margins larger for small-sized crops than for large-sized crops? If marketing costs increase, does this result in a higher consumer price or a lower farm price, or both? Marketing margins also are influenced by the willingness and ability of firms to adopt cost-cutting techniques. In some market, supermarket operators may concentrate on sales promotion; in others, they may seek to increase efficiency by taking advantage of inventory management schemes and computer information technology. The net effect of changes in market structure on pricing performance is difficult to assess. Consumers may not gain from the potential benefits of lower-priced chain-store brands or generic foods it competition is limited. Empirical studies indicate that prices typically average slightly higher in markets, where concentration ratios are high (Marion et al., 1986). A change in the marketing margin would be reflected through the marketing system in an analogous way. Prices both at retail and at the farm would generally be affected. As an example, let us assume that a transportation rate is reduced. The lower transportation rate initially accrues to the benefit of the middlemen. However, the assumption of a purely competitive market structure implied that the lower rate will be passed on to producers as 6 higher prices, to retailers as lower prices, or in general as a combination of the two effects. The lower cost (hence higher profit) will induce existing middlemen to do more business and will perhaps attract the entry of new middlemen. However, as they compete with each other for more of the farm product, the result will be higher farm prices, and as they compete to sell more to retailers, the result will be lower retail prices. Competition among retailers, which gives the lower price, is passed on to consumers. Thus, the lower marketing cost affects both farm and consumer prices. Marketing margins for some farm products are determined under conditions that more nearly conform to the oligopolistic model than to the purely competitive model. The attitude or strategy of individual firms in price-cutting becomes a critical factor affecting retail prices. The reluctance of firms to cut prices often leads to non-price competition. This can take the form of offering rebates, gifts or prizes in an attempt to increase sales. Firms also may try to gain a larger market stare by increasing advertising and promotion expenditures and by differentiating their product. Muller (1983) argues that large firms are able to maintain and even increase their market share in the food industry because they can afford to spend more on advertising and promotion. The ability to dominate the media and to spend large sums on developing new products gives such firms a competitive edge and makes it more difficult for smaller firms to enter the market or to increase their market stare. This type of competition prevails in the breakfast cereal industry and in a number of other sub-sectors of the food industry as well (Nelson, 1966; Padberg, 1968). Price performance under alternative market structures is difficult to appraise. Competitive prices are likely to change more frequently and may fluctuate more violently than those established and maintained under conditions of monopoly or oligopoly. Economists lend to prefer competitive pricing to monopoly pricing. There is a greater possibility of farmers being exploited when only a single buyer or a few outlets are available in a local area. But it is difficult to determine empirically whether or not farmers are being charged higher prices for the things they buy or are being offered lower prices for what they sell than would prevail with a larger number of sellers and buyers. The economics of scale may be sufficiently large that marketing costs may be lower with a small number of large firms than with a large number of small competitors. Consumers perhaps gain from having more choices and improved products, but they pay a price for a type of competition that leads to product proliferation and high selling costs. Also, supermarkets are forced to carry more items, which may lead to slower turnover for individual items and higher inventory costs. Providing comparative price information to consumers apparently can enhance Price 7 competition, regardless of market structure. Devine and Marion (1979) found that provision of such information by a public agency significantly reduced the average level of prices and the dispersion of prices and the dispersion of prices in one market relative to a control market. 2.1 Agricultural Commodity Prices and Its Role in Economy Agricultural commodity prices are more volatile than are the prices of most non-farm goods and services. The Biological nature of agricultural production is, of course, one important cause of price instability. Unlike most non-farm industries, actual production in agriculture may exceed or fall short of planned production by a considerable margin. Yields vary from year to year because of unusually favorable or unfavorable weather and the presence or absence of disease or insect infestations. Seasonal variations in production likewise contribute to price instability from month to month. Relatively high or low prices may persist for considerable periods because of the inability of farmers to respond promptly to a change in price signals. The short run, agricultural commodity prices can overshoot longrun equilibrium levels in response to changes in economic forces, including responses to macroeconomic variables (Andrews and Ransser, 1986). The long-term trend in rice production however showed a cyclical pattern with a few years of growth followed by few years of stagnation (Shahabuddin and Rahman, 1999). This was partly due to depression in prices in seasons following consecutive good harvests providing disincentives to farmers to further increase in production, and partly due to natural disasters, droughts and floods (Mandal, 2000). Many agricultural markets have become move international in scope, thus government policies can influence agricultural prices through their effect on both domestic demand and trade. Production abroad also has a profound effect on the prices of food grains in Bangladesh. Prices play a central role in economic theory in guiding production and consumption. Consumers are likewise influenced in their decisions by advertising, the display space given to foods in supermarkets, personal whims, packaging and convenience as well as by prices. The pricing decisions, whether made on the basis of market forces or political considerations have important economic consequences. For this reason, tools of analysis that will help one to anticipate the economic effects of pricing decisions are still important. Farmers, marketing and supply firms and government officials have to make many decisions that require a knowledge of what will happen if the price of a particular commodity rises or falls. 8 Market demand is defined in terms of the alternative quantities of a commodity that all consumers in a particular market are willing and able to buy as price varies and as all other factors are held constants. A market demand curve can be thought of as a summation of individual demand relations. This includes consumers who enter the market as price declines or who drop out at high prices. Thus a change in price influences the number of consumers as well as the quantity each consumes. The demand for food and fiber products depends on a host of socio-economic variables. The growing complexity and proliferation of food products and the diversity of changes in socio-economic variables appear to have made demand analysis more complex. Thus, much research has been done on the demands for foods and fibers, much remains to be learned about the effects of individual variables on the demands for specific foods (Tomek, 1985). Price theory suggests an inverse relationship between price and quantity, but the inverse relationship by itself says nothing about the responsiveness of quantity demanded to a price change for a commodity. This responsiveness is likely to vary from commodity to commodity. Very short run time short run Price per unit long run P2 P1 Quantity per unit time Fig.1: Changing supply-price relationships through time. In very short run, once the crop is produced and harvested (assuming no reserve stocks or imports and that the current crop cannot be stored), the supply function is a vertical line. The quantity offered for sale can neither be increased nor decreased, regardless of the 9 price offered, until the next harvest comes in. Prior to harvest, the supply can be adjusted by deciding not to harvest a part of the crop if the price is too low. As more time is allowed for farmers to respond to price changes, production can be altered. In short run, the amount of inputs such as fertilizer applied to crops or feeding rates for livestock can be varied, and in the longer run, the area sown to crops and the number of livestock units can be changed. The tendency for supply curves to become more responsive as more time is allowed for adjustments is shown in Fig.1. Two of the supply curves in Fig.1 have been extended to intersect the vertical axis. At price P2, quantity supplied is positive in the short or intermediate run, but is zero in the long run. That is the prices must cover fixed and variable costs in the long run. In contrast, price need only cover variable costs in the short run for production to continue. Thus, the shorterrun function intersects the vertical axis at a price (P1) below that of the long run supply curve. The time dimension obviously is important in specifying supply relationships in agriculture, but it is difficult to define precisely and unambiguously what is meant by the very short run, the intermediate run, and the long run as applied to supply. The time required for a production response varies from commodity to commodity. For forecasting purposes, one would like to identify separately the short-run and long-run effects of a given price change, but in practice it is difficult to separate these effects. The ultimate consequences of a single price change can seldom be isolated because additional price changes will occur before the effects of the first change are fully worked out, what one observes is the combined effect of numerous price changes with varying degrees of lagged response (Tomek and Robinson, 1977). In forecasting production, an understanding of the prices to which farmers respond is important. For most commodities, except those grown under contract, product prices are uncertain at planting time. Expected future prices may be based on recent past prices, average prices over a period of years, current prices for the distant delivery of a commodity as observed on an organized futures market, government price-support levels, or outlook statements. For some commodities, there is considerable empirical evidence to suggest that future production plans are based on current prices. It this relationship persist, a cycle of alternating high and low production may develop, with corresponding changes in prices. High prices in one year will lead to high production and low prices in the following year, which will then induce a cutback in production the next year. 10 Changes in product prices shift the demand for factors up or down and this shift, in turn, affects both factor prices and factor use. One of the critical variables that determine whether a given change in product prices will affect mainly the price of the factor or the quantity used is the shape of the factor supply schedule. However, if the factor supply schedule is relatively flat, the major effect is to change use. In some cases, an increase or a decrease in product prices can lead to an equivalent change in factor prices, while in other cases factor prices are unresponsive to changes in product prices. 3. Spatial Distribution of the Rice Marketing System Markets vary in size and operation depending on the area in which they are situated. Most of village markets are periodic while some of the larger semi-urban markets are open for transactions six days of the week. The markets in the district of Barisal differ significantly from those in the northern districts in that they are river based. Trans-actions take place without necessitating unloading on the riverbank. Purchases are weighed on the boats and transferred to the purchaser’s boats for shipment. In these markets head-loads and boats are the most dominant and in many cases only means of transportation. On the other hand, the markets ion the northern districts are usually served by head-loads and carts for arrivals and train, trucks or carts for dispatches. The smaller rural markets do not have any storage facilities at all. The earliest link in the marketing chain is, of course, the farmer who sells his commodities either in his home or at the nearest "hat". After the farmer-marketer, Baparis and Farias, essentially traders or itinerant merchants are the most primary and basic institution in the marketing system The intermediaries called Dalals and Aratdars, are basically brokers and charge a fixed brokerage and commission from the transacting parties. The Dalals usually connote a petty broker while the Aratdars are treated as large brokers offering a variety of services ranging from storage facilities to short-term financing. Aratdars and Dalals may operate in the same market and may even cooperate on sales. Aratdars are the more important institution in the big urban, semi-urban and intermediate markets while the Dalals are dominant feature in the smaller interior markets and possible in some mediumsized distribution centers. Although the government requires licensing of all traders, the total number in government records is not an actual representation because a large number of unlicensed small traders also operate in the various markets. 11 Almost all the rice that enters into the marketing channels is processed mechanically. The large millers usually buy paddy and sell the basket rice directly to the Aratdars or Beparies in the urban terminal markets. The smaller husking machines that are located in the villages usually do custom husking and very seldom engage in the same type of buying and selling practices as the large millers do. The Kutials usually buy paddy and after getting it husked at the small commercial huskers sell it to the local Aratdar, if any, or to the Beparies. About 80 percent of the total assemble in the small village "hats" is accounted for by the growers for onward shipment to the higher tier of markets. At this level of transaction, the Dalals play a dominant role in establishing contact between the buyers the sellers. In most village and some intermediate markets the purchase and sale of paddy assumes a circular pattern. Some local Farias buy paddy in one market day, get it dehusked and sell it in the next market day and suie the sales priced toward the purchase of another supply of paddy. Once the product moves to a bigger distributing market, the method of buying and selling becomes substantially different than those prevailing in the village markets. The larger intermediate markets are dominated by Aratdars. In these markets the "Bideshi" Beparies come to the premises of the Aratdars, and put an indent for the quantity of rice they would like to purchase. The Aratdars then assume all responsibility for the supply purchase. They also assume the responsibilities of the comfort of the Aradtars shop for them. While the "purchasers" rest, the employees of the Aratdars shop for them. Unless there is a very heavy indent, most of the purchases are usually made on the premises of the Aratdars. The sellers who are usually Farias, Beparies or Farmers, bring small samples of their products in wicker containers. The Aratdars display the samples of rice they are willing to buy. Usually the sellers shop different "arats" to appraise the market price. Once a deal has been settled, the sellers bring the produce inside the "arat' where it is weighed sewed and sacked by the staff of the Aratdars. After the indented quantity has been purchased, the Aratdars make arrangements of dispatch, which includes transport to the railway station or the boat pier, loading it and completing the paper work. The Aratdars will keep the purchase in their stores without charge if there is no transportation available. For these services the Aratdars usually charge a commission both from the purchasers and the sellers. The wholesale terminal markets in the urban centers are more Aratdar-centered than the intermediate ones. In the intermediate markets there is the possibility that a small incoming trader will buy directly from another small trader who has a small establishment on the market. Terminal markets the Aratdars perform from the consuming centers make their 12 purchases from the Aratdars who charge a commission both from the seller and the purchase (i.e., retailer). The institution of the "Aratdari" seems to be an age-old one. Most of the Aratdars have been engaged in this business for decades and at this time, they seem to be one of the most important links in the whole marketing chain. In recent times the Aratdars have diversified their business by also dealing in rice trading on their own account. They get supplies from interior markets by sending a request to fellow Aratdars there. It seems that their own purchases and sales, and operation as commissioned agents are of equal proportion. There is no doubt that the working relationship between the traders and the Aratdars has shown remarkable stability over the decades and that it is deeply ingrained in the institutional frame-work of the marketing system. The belief that such functional intermediaries are superfluous and thrive at the cost of traders and consumers do not appear to be the real situation. It seems that there is a tremendous amount of trust amount the Beparies and the Aratdars. Beparies trust that the Abraders will always try to give them the best deal; paradoxically so do the other parties that deal through the Abraders. Success lies in the intelligent manipulation of both and not exploitation. This is due to several factors. With the existing facilities available in the primary and secondary markets, the Beparies would have a hard time even in stock-pilling their purchases in order to prepare them for dispatch. The Aratdars provide a convenient place for this purpose and even assure that in the event of transportation bottlenecks, their purchases will have a shelter. Second, the Beparies do not feel that they could move around with security in the unfamiliar markets because they have to carry sums of money with them. Third, the Beparies feel that Aratdars know the local traders and market conditions better and as such would be able to give them a better deal. Fourth, very often the Aratdars will finance their clients' purchases if it is so required. Finally, the Beparies enjoy the hospitality offered by the Aratdars after travelling to the market. Since the traders depend upon the Aratdars so heavily, they are willing to pay anywhere of the gross value of their sales/purchases in commission to the Aratdars. Kutials are possible the most important functionaries performing the two early stages of processing, namely, parboiling and drying. This is a group of landless laborers or some small landholders who buy paddy from the market and parboil and dry them on the yard of their own-household. Usually parboiling is done through the night (particularly during the peak of the season) or during the late hours. After it has been sundried the following day, hey take it to the rice huskers. While some Kutials acquire ownership of the commodity and thus 13 earn all profits accruing from the truncation, other Kutials contract with some paddy-cumrice merchants for fixed allowances. The large rice mills integrate all these three stage of rice processing (except for the mills in Sylhet and Chittagong where the first two stages are skipped because of consumer preferences). Rice millers purchases paddy and after processing they sell it to the wholesalers at the terminal markets. In recent times there has been a very rapid growth of small husking machines engages in custom husking. There are, however, a large number who do this, as well as have own business of purchasing paddy and selling the processed rice. However, they do not have the same equipment for parboiling as the millers have. In the first stage of the marketing chain of food grain mode of transportation of small farmers carrying their produce normally on their head load, shoulder sting, cycle, pony back, Some place rickshaw vans and rickshaw are used to carry food grain to the market. In the secondary markets the traders (inter mediates) carrying their produce by rickshaw, rickshaw van, small truck, push cart and if the market is near the river the produce carrying by boat (machine), cargo boat and also by launch to the mills and also to the godown/warehouses. In the 3rd stage the produce carrying mainly by truck in the highway, in the waterways by boat, machine boat, cargo vessels etc. and in the cargo train to the urban wholesale centers of the country. Truck carried more than 50% food grain to the wholesale market. Because of lots of limitation in the waterways the most common and usual and rather also cheaper transport was played very important role for transportation of products has become less important in the recent years. In the urban wholesale markets the retail traders use different type of transport i.e. rickshaw/van, mini-truck, sometime their own van etc. to transfer products to the retail shop. In case of ata, their are some processors who directly buy wheat from assembly markets, processed, they have their own packaging system from the manufacturing house, the packed products carrying mostly in their own vehicles to the selected outlets specially in the departmental stores and retail shop. 3.1 The Scenario of Marketing Channels Pattern of marketing channels is an over-all one and by no means universally applicable in all the regions. Existing data do not make the computations of the proportions passing through the various channels a realistic possibility. On an average the country rice grower relations 90 percent of his total output for his own consumption, seed needs, in kind payments and other ouch uses. Twenty-five percent of his marketed surplus is sold on farms 14 (Farruk, 1970). Unless the region is in a government procurement zone, he has an option to sell to three market functionaries: the local Bepari, Faria or the Kutial. In the village market Dalals or broker appear as functionary. Most of the assembly is dispatched to a market in the higher tier and approximately 10 percent are sold for local consumption by the landless laborers and non-farm workers. Rice assembled from the villages and village "hats" by Farias and Beparies and brought to the intermediate markets are usually sold to the local Beparies and Aratdars. Assembled paddy is usually sold to the rice millers or local Kutials. Aratdars make purchased on behalf of traders from different consuming markets. Rice millers sell processed rice either to the local Aratdars or direct to the traders from the consuming centers. Aratdars in the urban markets act as the sales agents and stockholders for the rice traders. Retailers, also known as Paikars, buy their supplies from the Aratdars and transport them to their respective retail shops. On the other hand, the government stocks are released from their godowns and retailed through Food for Work, Food for Education, VGF and OMS run by different organizations. 3.2 Functional Variety of Marketing Process in Private Sector The private sector is a decentralized conglomeration of a large number of institutions each performing a variety of functions in the marketing process. It is complex process with significant intra and inter-regional variation's a factor, which nullifies any efforts at broad generalizations. Linkage between sources of wheat supply, mills and end products were shown in Table-8. 1. Farias and Beparies:- This group are paying prime role in the output market. The number of this group is still increasing in the recent years. More then two thirds of the output now is sold at the farm gate, mostly to these Farias and Beparies as against one third in the late sixties. 2. Small milllers:- Small millers and Busker/Crushers now directly go at the farm gate to procure/buy one fifth of their paddy requirements. 3. Wholesaler/Arathdars:- The agents of paddy Wholesalers and Arathdars are also now goes direct to the farmers door and collect paddy which as not common in the past times. In this connection it can be easily conclude that the recent years farmers are not only in the marketing stage but also as the marketing growth center. There are also some changes 15 in the marketing of paddy and wheat that the farmers are getting the access to the stock and warehousing centers like shah gudam rinm sangshta type chain in between farmers and traders (even it is very little facility according to need). Consumers External Resources Retailers Government Commercial importers Food Aid Wholesalers of milled wheat Food processor/ Manufacturers Compact/Major Mills importersPFDS External Resources Wholesalers Private Importers Intermediaries Roller mills Wheat crushers Beparies Beneficiaries of PFDS offtake Local Producers Fig.2: Wheat marketing operation Channels in Bangladesh 16 Consumers Retailers O.M.S. Retailers Storage godown Import of rice Wholesellers/ commission agents Millers Private sector Brokers/ commission agents Assembling markets Husking rice Traders/Huskers rice Millers rice Export superfine rice Food Department Assembling market Faria Seed/feel Godown/ rice Import Rural hats Local Producers Fig.3: Rice marketing operation channels in Bangladesh 17 3.2.1 Market Chain for Rice ï‚· Husker/Small Processor Cum Trader They are the person who own a husking machine and small mills and maintains business premises with necessary staff for running the business. They process the paddy or wheat not ably trading themselves but also give service to other customers to process their products at a determined charges/prices. ï‚· Rice Miller They are big trader having large investment in processing plant, godowns, business premises and staff. They buys paddy and wheat directly and also through agents and process the same into rice/ata and sell it to the wholesalers and retailers in the local areas and distant markets. ï‚· Wholesalers/Arathdars This group is operating their business in big assembling, consuming and distributing markets. They have their premises and act as agent of both buyers and sellers and provides temporary storage facilities to them. They charges commission for their services to the buyers or sellers, which covers the cost of storage also, if required. ï‚· Retailers They are the last link in the marketing chain. They are a small trader in between consumers and wholesalers. They own premises in the consuming markets and sell rice/ ata usually ranging 1 kg to 20 kg maximum. Recently there are another chain are being append for ata. The retailers (specially the departmental stores) pack ata in one/two kg in beautiful packaging paper with different brand name and sell them to the consumer. In the conclusion the food grain market has become thick and that old geographical decentralization took over the concentration and comparatively more specialized situation. There are about eight thousand rural markets around the country (Begum, 1999). Fig. 2 & 3 showed the food grain market pattern model in Bangladesh. Most of these markets are small and local in nature and cater to the needs of local people within a radius of 2 to 3 18 miles. These markets usually sit twice in a week. The rice growers bring their produce mostly in the form of paddy in small quantities usually varying 5-15 seers and sell the same to local consumers, kutials and other middle traders viz. farias, beparis etc. Besides rural hats there are one or two assembly market within a radius of 5-10 miles from the premises of growers where large number of buyers and sellers assembling on market day. The local growers, faria, beparies etc do the assembling of paddy, rice, wheat and all other commodities in these markets. The buyers are also the local consumers, agents of the stockiest, wholesalers; millers coming from distant market centers. Another important chain is arathdars / dalals (middlemen) who arrange buying and selling of the staff for a fixed charge known as commission. The wholesalers after a variety of service ranging from providing storage facilities to short term financing. They are numerous in the big urban, semi-urban important big assembling, distributing and consuming centers. Almost all food grains rice and wheat ultimately goes to the processed channel i.e. in the milling centers either in the small local mills or big and or automatic mills. The raw materials husked, polished and processed in the form of rice and ata and then go to the absolute consumers. Grading and standardization is a very important marketing function because it affects the process of buying, selling and price formation. However, there is no officially initiated and implemented standardization of the different grades of food grain in the country. In the process of marketing it is the traders, Aratdars, Dalals and Farias, who grade rice. Apparently there are some concepts and variables, which are adopted by these functionaries in structuring a system of grading across the country. The whole process is based on "direct" examination of the product. Because of the institutional and environmental set-up within which these private traders operate it is very difficult to elicit information to quantify the actual volume of financing done on the different accounts as mentioned above. It is difficult to find out the rate of interest they realize from the client of their financing because most of them do not agree that they are moneylenders. They insist that this is a part of the service they provide and a basis for their completion among themselves. They also do not admit that they charge a higher price than the market price, which would mean that their incomes are per unit commission as well as the difference in prices. Some larger Beparies in the intermediate markets occasionally advance money to Farias are the only group of functionaries who always play the role of debtors and never a creditor as far as cash financing is concerned. The large rice mills depend on number of 19 Farias and traders for their supplies of paddy. They usually advance money to those suppliers who have been dealing with them for quite sometime and are considered trustworthy and dependable. The usual profit fluctuations due to the usual uncertainties in business are borne by the Beparies, Farias, Kutuals and Millers. Aratdars and Dalals are the group which earn a fixed amount of profit per unit of food grain handled and do not have to bear the risk related to the trade. The institutional arrangement for the dissemination of market information in the private trade channels seems quite efficient. The most common media, of course, is "the word of the mouth." Telegrams and telephones, although frequently used, have not yet attained a position of importance as dissemination of market information. Now Grameen phone actively worked for this purpose efficient way. Personal correspondence has considerable importance in the process. Radio and newspapers are the most unimportant sources of dissemination among the functionaries because they consider them incorrect and biased. The area in which market information is most lacking is the information on stock held. Private stockholders never let their competitors know of their own stocks. Neither do they know the overall stock position in the country. Even information on the actual stocks held by the government is not disseminated among the traders regularly. 3.3 Marketing System in Public Sector A very dynamic and active market system can sometime enhance food security, particularly during natural calamity as well as during lean period of cereal production (Khaliquzzaman, 1997). Karim (1997) reported that Bangladesh had annual food deficit of around 1.5 million metric tons, varying from year to year. The deficit is met by importing foodgrains through both public and private sectors. Rice is the staple food, which provides 68% of the calorie and 54% of the protein intake of an individual on an average. The total food consumption is estimated 868 gm/day/person of which 58% consists of cereals, 34% vegetable plants foods and 8% animal food. It was also found that more than 50% of the total population suffered from malnutrition for lack of adequate diet who live below poverty line. The market plays a very vital role in achieving food security, because it is the market, which determines the availability as well as the price. Even though there is money in the hands of the people, non-availability of foodgrains would shot the price up beyond the consumer's reach. On the other hand, even of there are huge stocks in the market, the lack of purchasing power would make it impossible for the people to buy. Market failure sometimes 20 causes disruption and such failure leads to non-availability as well as higher price. The inter seasonal and inter market aviations of price of foodgrains also cause disruption in the market and puts handle in the way of people reaching to food supply. A very dynamic and active market system can enhance food security particularly during natural calamity as well as lean period of cereal production (Kohls and Joseph, 1985). With the gradually increasing commercialization and the application of modern inputs, the market of food grain in Bangladesh has significantly expanded due to sale by surplus farmers as a result of increased production per unit land. The basic agricultural marketing policy has been sacking to promote free play of the market forces in determining the prices, remove controls and regulation and encourage larger participation of the private sector and provide reasonable facilities for its proper performance in recent years (Shabuddin, Q and Dorosh, D.A, 1998). The dominant marketing channel of paddy/rice’s beside the governments PFDS is the private sector, which includes beparies, miller, arathdars, wholesalers, retailers and consumers. In this chain, the marginal producers and the poor are the affected groups. Due to the faulty market systems, once they have to sell their products at low price and again, they have to purchase their necessary food at high price in the lean time. In such situation neither the gradual increase of production of rice, nor the availability of food grain in the market ensures the food security for large marginal and poor people of the country (Hossain, 1991). Shabuddin and Dorosh (1998) showed that very often price increase is determined by the seasonal pattern and not always by the market anomalies. They reported that spatial difference and market anomalies did not determine the price of rice market. Rice market is integral in nature. Price difference is not only determined by the seasonal pattern it also depends on climatic changes. The seasonal and annual changes in climatic conditions caused by vary agricultural outputs, price of food commodities display wider inter-year and intra-year dispersion (FAO, 1983). Besides market, the distribution system also plays a vital role for enhancing greater access to food by the poor. The market and the PFDS have important links. The government food distribution systems are to be made more effective, timely and pro-poor as well as the market situations are to be controlled, in a way that would benefit the vast majority of poor people and the marginal farmers. There should be more meaningful interactions and integration among the government departments and agencies dealing with PFDS and food market with the common goal of making the market efficient, responsive and pro-people and 21 that way contribute to pave the way for ensuring greater access to food by the majority poor of the country. Table-3: Shares of various channels in PFDS offtakes of wheat. Annual Averages Offtake Channels 1989-90 to 1991-92 1992-93 to 1996-97 Statutory rationing (SR) 11.37 1.19 Rural rationing (RR) 1.06 0 Essential priority (EP) 3.64 8.92 Other priority (OP) 11.21 0.37 Large employers (LE) 2.04 0.86 Open market sales (OMS) 0.46 5.53 Flour mills (FM) 16.35 3.88 Palli chakki (PC) 6.38 1.85 Auction and others 0 .90 Total priced distribution 52.50 23.51 Food for work (FFW) 29.83 39.80 Special test relief (STR) .64 .40 Test relief (TR) 4.14 8.12 Gratuitous relief (GR) 1.17 1.06 Vulnerable group development (VGD) 11.73 14.59 Food for education (FFE) 0 11.7 Others 0 .83 Total non-priced distribution 47.5 76.49 Total wheat distribution 1491.20 944.56 Source: FPMU data, Ministry of Food. For half a century, government has played a vital role in marketing of food grains in the country. Table-3 & 4 showed that the shares of various channels in PFDS off takes of wheat and intake of food grain scenario of Bangladesh. The public food grain distribution system (PFDS) is to a large extent the outgrowth of government response two famines: the 1943 Bengal famine and the 1974 famine (Ravallion, 1987). Perceived failure of markets to ensure sufficient food at prices within reach of the poor provided the rationale for maintaining a national food security stock of food grain. Lack of purchasing power of the poor, even in years of normal market food grain supply and prices, spurs the government and donors to operate various direct distribution and employment programs. In particular, the goals of the Ministry of Food are as follows: 1. Make food grains available to poor households that would not otherwise be able to acquire enough food; 22 2. Stabilize prices by distributing food grains in urban and rural areas, thus preventing excessive food grain price increases; 3. Support food grain producers through a system of domestic procurement of marketable surplus; 4. Supply food grains to priority groups; 5. Arrange for the distribution of food during emergency situations, such as national calamities. Table-4: Food Grain Imports and Total PFDS Intake Scenario of Bangladesh. Financial Year Aid Food Grain Imports (‘000 Tons) Public Private Total Domestic Total Food Aid Procurement PFDS Per (‘000 mt) intake Capita (‘000 mt) Per Year FY57-60 Avg 480 123 - 603 71 674 10.09 FY61-65 Avg 330 447 - 777.8 35 813 6.11 FY66-70 Avg 371 770 - 1142 27 1169 5.91 FY71-75 Avg 845 511 - 1356 43 1399 11.74 FY76-80 Avg 1162 409 - 1571 372 1943 14.06 FY80-85 Avg 1123 641 - 1764 425 2189 11.95 FY86-90 Avg 1332 578 - 1910 457 2367 12.72 FY91-95 Avg 1055 179 560.5 1794.5 495 1731 9.17 1995-96 743.1 840.8 850 2433.9 422 2006 6.14 1996-97 618 112 237 967.1 615 1345 5.03 1997-98 549 249 1135 1932.8 617 1415 4.39 1998-99 1235 777 1480 3491.2 753 2765 9.72 1999-2000 870 0 1234 2103.8 967 1837 6.74 FY95-00 Avg 803 395 987 2185 674 1874 6.42 Source: FPMU data, Ministry of Food. 4. Foodgrain Price and Its Distribution by the Public Sector Most of the imports through the Chittagong port are distributed in Dhaka, Chittagong and other areas east of the river Jamuna while nearly 80 percent of the imports through the Mongla port are distributed to the area lying in the western region of the country. Interestingly, the price for government distributed rice is the same in all locations which shows that the pricing policy does not take into account the variation of transpiration cost between different areas. The three categories of prices of rice prevailing in the country are the procurement price, the controlled price and the market price. With the limited data we have it 23 is difficult to estimate the effect of government procurement price and distribution price on the free market price of rice in the urban and producing areas. Certain aspects of government price policy, which deserve attention. The procurement price is always lower than the average free market price. Since most of the procurement zones are also areas in the surplus rice - producing districts, the impact of this pricing policy on production and reducing districts, the impact of this pricing policy on production and resource allocation may be quite significant (Brennan, 1995). On the other hand, procurement from border zones at an inequitable price may fail as an anti-smuggling measure and may in reality be an incentive for smuggling and smugglers. Another import thing to notice is that the market prices at Dhaka are substantially higher than those prevailing in Chittagong. This leads on to ponder about the effects government controlled price is having on the Dhaka prices, which still accounts for the largest distribution center of government food grains. Table-5: Distribution Scenario and Availability of Food Grain of Bangladesh. Public Distribution (‘000 tons) Non- Financial Year Avail- Distri- as % of ability bution as PFDS Total per % of Avail- Total PFDS Capita ability Monetary Distribution mone tary Targeted Market EP Ration Total (Kg) FY57-60 Avg 8 1 71 508 582 590 12.41 158.93 7.81 FY61-65 Avg 7 2 80 650 733 740 13.68 175.29 7.82 FY66-70 Avg 21 29 92 883 1005 1027 16.36 168.41 9.71 FY71-75 Avg 393 106 72 1436 1616 2009 19.56 162.41 17.18 FY76-80 Avg 298 241 95 1232 1568 1867 15.96 158.09 14.29 FY80-85 Avg 563 259 102 1107 1468 2031 27.72 162.64 13.29 FY86-90 Avg 967 322 127 857 1307 2274 42.52 162.32 13.38 FY91-95 Avg 876 368 156 362 887 1764 49.66 164.51 9.32 1995-96 1147 404 180 63 647.2 1794.2 63.93 160.11 9.26 1996-97 1127 45 189 30 263.5 1391 81.02 157.03 7.20 1998-99 1874 9.1 210 26 245.7 2120 88.40 177.00 9.43 1999-2000 1609 55.1 210 26 291.1 1900 84.68 190.57 7.73 FY95-00 Avg 1396 136 198 33 368 1765 79.09 170.38 8.29 Source: FPMU data, Ministry of Food. Table-1, 4 & 5 gives the total supply-distribution balance sheet of the public sector for the last decade. The highest quantity of food grain procured internally in one year was 960 thousand m.tons in the year 1989-90 where as, average of this period (1986-90) was 457 thousand m.tons. The highest quantity of food grain imported in one year was about 2917 24 thousand m.tons in the year 1987-88 where as, average of this period (1986-90) was 1910 thousand m.tons (Table-4). It may be noted that it was the year of devastating floods in the country. Table-6a: Commodity-wise Export Handled at Chittagong & Mongla Ports. Commodity Jute Jute Goods C. Boxes Tea Hides & Skins Leather Fish(dry)frozen Froglegs H. Hair Naptha,molasse Fertilizer Shrimp C/Bones Rice Tobacco General cargo Garments Others Total All ports (‘000 M.T.) 185.27 499.63 34.27 10.54 .171 26.46 235.07 275.21 184.32 15.89 .587 .051 .102 2.55 166.53 1636.63 1993-94 Chittagon g (‘000 M.T.) 2.69 256.59 34.27 10.54 25.97 235.07 275.21 162.33 166.53 1169.19 Mongla (‘000 M.T.) All ports (‘000 M.T.) 1994-95 Chittagong (‘000 M.T.) Mongla (‘000 M.T.) 182.58 243.04 .171 .490 21.99 15.89 .587 .051 .102 2.55 467.44 250.34 568.94 41.54 12.77 .124 31.78 .203 284.89 333.54 381.24 15.21 .343 .048 .457 201.83 2123.23 3.26 310.97 41.54 12.77 31.48 284.89 333.54 196.74 201.83 1417.00 247.08 257.97 .124 .302 .203 184.50 15.21 .343 .048 .457 706.23 Source: Chittagong and Mongla Port Authority, BBS. The traders at the terminal markets do not seem to be very much concerned about the delay in transit time. They may base their sales and purchases on the expectation that supplies will come after certain intervals. Secondly, government regulations prohibit the storing of rice for more than seven days but this does not apply to consignments in transit. This government rule removes the pressure to reduce transport time and thus introduces indirectly and additional source of imperfection. Especially after February and March, a transit delay will surely result in a higher sale price at destination. From the source or the surplus areas of the production, the produce mainly moved by 3 ways namely Waterway, Road (highway) and Railways. Waterway vehicles like boat, barges, launch and so on mainly used for food grain transport in the past. This system is less costly and the grain quality is not damaged because of smooth transportation. Railway is still used for transportation of agricultural commodities. Special wagon is attached with passenger train in the peak season, But from seventies roadways i.e. truck of different capacities has 25 been used and dominating the transport of food grains in the country. From eighties there has been significant development of roads, approach roads in the different areas of the country. Trucks are being used not only in the longest distance but it is also used in the local level markets. These transport facilities are costly but it is faster and can carry big volume of foodstuff at a time. Table-6b: Commodity-wise Export Handled at Chittagong & Mongla Ports. Commodity Jute Jute Goods C. Boxes Tea Hides & Skins Leather Fish(dry)frozen Froglegs H. Hair Naptha,molasse Fertilizer Shrimp C/Bones Rice Tobacco General cargo Garments Others Total 1995-96 All ports (‘000 M.T.) 138.54 389.65 24.00 21.00 15.00 89.00 609.45 8.53 .343 .029 .457 265.00 255.00 1816.00 Chittagong (‘000 M.T.) 245.00 24.00 21.00 15.00 89.00 506.00 265.00 255.00 1420.00 Mongla (‘000 M.T.) 138.54 103.45 8.53 .343 .029 .457 396.00 1996-97 All ports (‘000 M.T.) 181.93 437.54 24.26 21.22 15.16 89.94 647.20 11.20 .450 .038 .600 267.80 257.70 1955.00 Chittagong (‘000 M.T.) 247.59 24.26 21.22 15.16 89.94 511.35 267.80 257.70 1435.00 Mongla (‘000 M.T.) 181.93 189.95 135.85 11.20 .450 .038 .600 520.00 Source: Chittagong and Mongla Port Authority, BBS. Dinajpur is the main source of food grains transferred to deficit area of the country. But unfortunately there is no direct wagon facility in the train from Dinajpur. The only mode of transportation is truck. In the season time (specially in aman and irri-boro) the movement of paddy and rice increased significantly and the truck is also short in supply resultant the price/ cost of truck is increased. From Dinajpur, Rajshahi, Mymenshigh, and Bogra truck is the main mode of transpiration. The scenario of commodity-wise export and import handled at chittagong and Mongla ports during the period 1993-94 to 1996-97 are shown in Table6a&b and Table-7a&b. Due to the development of roadways in the country, road transport by truck has been also improved for transport of any type of commodities and products. Specially in Dinajpur tremendous improvement has been done during last few years and the mainly organized and 26 maintained by Dhaka. But from eighties the local transport agencies have been developed and now it is still developing. The transportation cost of truck for Dinajpur and Mymensingh districts are showed in Table-8 & 9. The truck carrying 130.140 bags containing 84 kg of rice in each bat i.e. 5 tons capacity truck usually carries 10 tons almost double food grains. The truck cost normally increased in the Aman peak season i.e. from December to March and in July for Boro/Irri crop. In the season time nearly 200 trucks moved to the deficit areas. In Mymensingh 10 tons capacity truck has been introduced from 1993, which is higher priced than 5 tons trucks. Table-7a: Commodity-wise Import Handled at Chittagong & Mongla ports. Commodity Foodgrain Sugar Salt Oil in Drum Oil Oil seed Cement Cement clinker Fertilizer Cotton Cotton Yarn Iron & Steel Tobacco Paper Wood pulp Sundries Coal Poles (in bulk) Machinery Steel pipes Pig iron Steel-iron mat. General cargo Edible oil Others Total 1993-94 All ports (‘000 M.T.) 1565.80 2.96 465.81 363.24 107.31 1381.85 159.35 338.52 49.25 1.09 1.33 3.02 1437.51 33.25 1951.21 1.99 19.87 238.13 70.06 8191.54 Chittagong (‘000 M.T.) 1326.70 2.96 271.77 363.24 107.31 517.30 159.35 247.85 49.25 1.09 1.33 1437.51 33.25 1951.21 19.87 6728.12 Mongla (‘000 M.T.) 239.10 194.04 864.55 90.67 3.02 1.99 238.13 70.06 1463.42 Source: Chittagong and Mongla Port Authority, BBS. 27 1994-95 All ports (‘000 M.T.) Chittagong (‘000 M.T.) 2201.62 9.80 375.52 466.35 2.38 137.77 1771.63 204.59 666.89 63.85 1.41 .085 1.71 2.99 1845.57 42.69 2505.10 11.57 2.21 25.51 305.73 113.19 10758.12 1703.30 3.80 348.92 466.35 137.77 664.14 204.59 318.20 63.24 1.41 1.71 1845.57 42.69 2505.10 25.51 8638.00 Mongla (‘000 M.T.) 498.32 6.00 26.60 2.38 1107.49 348.69 .61 .085 2.99 11.57 2.21 305.73 113.19 2120.12 Table-7b: Commodity-wise Import Handled at Chittagong & Mongla ports. Commodity Foodgrain Sugar Salt Oil in Drum Oil Oil seed Cement Cement clinker Fertilizer Cotton Cotton Yarn Iron & Steel Tobacco Paper Wood pulp Sundries Coal Poles (in bulk) Machinery Steel pipes Pig iron Steel-iron mat. General cargo Edible oil Others Total All ports (‘000 M.T.) 2100.21 6.91 30.65 2.84 2828.16 580.80 .70 .098 3.45 13.00 2384.00 13.33 2.54 130.42 366.00 2831.00 11294.00 1995-96 Chittagong (‘000 M.T.) 1526.00 1552.00 179.00 13.00 2384.00 366.00 2831.00 8851.00 Mongla (‘000 M.T.) 574.21 6.91 30.65 2.84 1276.16 401.80 .70 .098 3.45 13.33 2.54 130.42 2443.00 All ports (‘000 M.T.) 2073.65 6.15 27.28 2.53 2725.07 540.92 .63 3.07 13.31 2441.10 11.87 2.26 116.09 374.77 2898.81 11237.49 1996-97 Chittagong (‘000 M.T.) 1562.55 1589.17 183.29 13.31 2441.10 374.77 2898.81 9062.99 Mongla (‘000 M.T.) 511.10 6.15 27.28 2.53 1135.90 357.63 .63 3.07 11.87 2.26 116.09 2174.50 Source: Chittagong and Mongla Port Authority, BBS. Table-8: Truck Cost Price from Dinajpur to Dhaka and Chittagong. Month 1990 January 11,500 February 11,000 March 10,000 April 9500 May 8,500 June 8,000 July 9,000 August 8,000 September 7,000 October 7,500 November 7,000 December 10,500 Average: 8917 Source: DAM, 1999 1991 11,000 10,000 9,000 8,500 7,500 7,000 8,500 7,500 6,000 6,500 6,500 10,000 8167 1992 10,000 9,500 8,500 7,500 7,000 6,500 8,000 7,000 5,500 6,000 6,000 9,500 7583 28 1993 9,500 9,000 8,000 7,000 6,500 6,000 8,000 6,500 5,000 5,000 5,500 9,000 7083 1994 9000 8000 7500 6500 6000 5500 7000 6000 4500 4500 5000 8500 6500 1995 8500 7500 6500 5500 5500 4500 6500 5500 4500 4000 4500 8000 5917 Table-9: Annual Cost for Truck for Mymensingh to Dhaka. 1990 1800-2200 1991 1800-2400 1992 1800-2500 1993 2000-3000 1994 2000-3000 1995 2000-3500 1996 2000-3000 Source: DAM, 1999 Fare for 5 tons truck Fare for 10 tons truck From December to February the cost per truck is increased around Tk. 200 for Aman and in April & may for Boro/Irri season Dinajpur market (Appendix Table 1a) showed that the seasonal boro price in aman season of maximum positive changes from previous year was found 52.4% in 1983/84, 45.7% in 1985/86, 47.4% in 1998/99 whereas maximum negative changes from previous year was found -15% in 1984/85, -13.8% in 1992/93, -21.5% in 1996/97, -15.1% in 2000/01. Dinajpur market also showed that the maximum positive deviation of seasonal price from moving average was found 19.7% in 1983/84, 8.8% in 1995/96, 15.7% in 1998/99 whereas maximum negative deviation was found –17.2% in 1982/83, -17.4% in 1984/85, -14.9% in 1997/98. The price changes scenario indicated that market is not stable. The similar unstable price scenario was found for the remaining markets (Appendix Table 1a-1f, 2a-2f and 3a-3f). Public and private imports are the main instruments to achieve a annual stability of prices. 5. Conclusions and Recommendations The food grain marketing system has changed dramatically in Bangladesh over the past several decades. While rice production doubled between the early 1960’s and early 1990’s, the percentage of production that marketed rose from 10-14 percent to nearly 50 percent, and market volume increased six-fold (Table-1&2). The purpose of this study is to set forth the key issues that must be resolved in formulating a national food policy that can help achieve food security. The overall targeted output of the research program is to formulate locally based public policies and strategies for the sustainable development of agricultural markets. Specific outputs include: (i) increased knowledge and information about the specific institutions necessary for the development of agricultural markets; (ii) better understanding of the role of the government and the private sector in accelerating market development and rural income growth; (iii) increased local institutional and professional capacity to monitor the development of markets and advise governments and the 29 emerging private sector in this area. In the last two decades many developing countries have not been successful at developing private, efficient and competitive agricultural markets. Evidence suggested that this failure is due to institutional and structural deficiencies that have not been properly addressed by the governments. More research needed to identify the appropriate role of the government in providing or facilitating the development of those institutions that are necessary to promote agricultural markets and rural income growth. The types of institutions needed can be classified into four main categories: (1) market related institutions such as cooperatives, farmers and traders associations, credit clubs, contract farming, etc., (2) institutional infrastructure such as roads, communication networks, commodity exchanges, storage facilities, market information services, etc., (3) regulatory institutions such as laws regarding market conduct and enforcement of contracts, ownership rules and property rights, grades and standards, etc., and (4) government and political institutions that have the capacity to monitor the emergence of markets and support their development. The impact of institutional, market and infrastructure development on smallholder farmers and agricultural income also needs to be assessed. The respondents and the stakeholders of all categories (farmers, traders, poor, women, representatives of the local government and community leaders) felt that stabilizing the price food in the market and continued supply of food grains in the rural markets are the best options for increasing household food security. The second priority option for mitigation household food insecurity was to improving PFDS by making it efficient and effective. Finally suggested to improving rural commutation for better transportation of goods and that would certainly benefit the locality as well as community. Due to lack of better communication and information system on food grain price, market becomes the impediment by sudden and sometimes artificially related high level of price, Hence, food price information system should be make effective, timely and quickly to any sudden price-like in any region and to take quick remedial measures. Through developing better road communication system, inter and intra-regional markets can spatially be integrated as per expectation and in that case, transport costs will also be lowered. The study tried to explore to two interrelated areas meanly market and food distribution systems in relation to achieving food security for the poor and marginal people. The study suggested policy responses for improving both the market and the PFDS. This study will help identify the types of public policies needed for the development of competitive and efficient agricultural markets that can contribute in reducing rural poverty and promoting agricultural economic growth in the country. 30 References Andrews, M.S. and G.C. Rausser, 1986, Some Political Economy Aspects of Macroeconomic Linkages with Agriculture. American Journal of Agriculture Economy. 68:413-417. Baumol, W.J., 1982, contestable Markets: An Uprising in the Theory of Industry Structure. American Economic Review. 72: 1-15. Begum, S., 1999, Commodity report of Food grain. Department of Agricultural Marketing, Dhaka. Brennan, D., 1995, Policies for stabilizing rice prices in Bangladesh. Final report of the Bangladesh Food grains Management Operations Project. TA No. 2052-BAN. Chowdhury, N., 1992, Rice market in Bangladesh: A case study in structure, conduct and performance. IFPRI, Bangladesh Food Policy Project, No. 22. Crow, B. and K.A.S. Murshid, 1990, The finance of forced and free markets: merchants capital in Bangladesh grain markets. Paper presented to the meetings of American Economic Association and Union for Radical Political Economics, Washington DC. Devine, D.G. and B.W. Marion, 1979, The Influence of Consumer Price Information on Retail Pricing and Consumer Behavior. American Journal of Agricultural Economics. 61: 228-237. FAO, 1983, Implementation and administration of agricultural price in Asia, FAO, Economic and Social Development Paper. Farruk, M.O., 1970, The structure and performance of the rice marketing system in East Pakistan. USAID Prices Research Project. Report No. 31. Cornell University, U.S.A. Hall, L.L. et-al., 1981, Case studies in the Transmission of Farm Prices. Dept. of Agriculture Economics, Cornell University A.E. Research. 81-12. U.S.A. Heien, D.M., 1980, Markup Pricing in a Dynamic Model of the Food Industry. American Journal of Agricultural Economics. 62: 10-18. Hess, A.C, 1972, Experimental Evidence on Price Formation in Competitive Markets. Journal of Political Economy. 80: 375-385. Hossain, M., 1991, Agriculture in Bangladesh. Performance, Problems and Prospects, Dhaka University Press Ltd. IFPRI. Website, http://www.ifpri.org/textonly/themes/2mp01.ht. 31 Islam, A.; H. Mukarram; N. Islam; S. Akhter; E. Harun and J. N. Efferson, 1985, A benchmark study of rice marketing in Bangladesh: BIDS and Directorate of Agricultural Marketing. Khaliquzzaman, Q., 1997. Bangladesh: Agricultural Growth and Environments and Development 4(1): Bangladesh Unnayan Parisad, Dhaka. Karim, A. et at., 1997, Towards sustainable food security in Bangladesh. Asia Pacific Journal on Environmental and Development, 4(1). Bangladesh Unnayan Parishad, Dhaka. Kohls, R.L. and N.V. Joseph, 1985, Marketing of Agricultural Products N.Y, Machmillan Publishing company. Kinnucan, H.W. and O.D. Forker, 1987, Asymmetry in farm- Retail price Transmission for Major Dairy Products. American Journal of Agricultural Economics. 69: 285-292. Lamm, R.M. and P.C. Westcott, 1981, the Effects of Changing Input costs on Food Prices. American Journal of Agricultural Economics. 63: 187-196 MacDonald, J.M., 1987, Economics of Scope, Contestable Theory and Economic Efficiency. Ed. Kilmer, W.L. and W. Armbruster, In Economic Efficiency in Agricultural and Food Marketing. Iowa State University Press, Iowa, U.S.A. Mandal, M.A.S., 2000, Changing Rural Economy of Bangladesh (Ed.), Bangladesh Economic Association, Dhaka. Marion, B.W. et al., 1986, The Organization and Performance of the U.S. Food System Lexington, mass.: Lexington Book. Muller, W.F., 1983, Market Power and its Control in the Food System. American Journal of Agricultural Economics. 65: 855-868. Nelson, P.E.Jr., 1966, Price Competition among Retail Food Stores. Journal of Farm Economics. 48: 172-187. Ninno, C. del and P. Dorosh, 1998, Government policy, markets and food security in Bangladesh. . IFPRI, FMRS Project. Padberg, D.I., 1968, Economics of Food Relating. Ithaca, N.Y., Cornell University. Food Distribution Program. Ravallion, M., 1987, Markets and Famines. Clarendon Press, Oxford. Shahabuddin. Q. and P.A. Dorosh, 1998, Rice Market in the 1997-98 Asian Season: A Rapid Appraisal Analysis. IFPRI, Dhaka. Shahabuddin, Q. and Rahman, R.I., 1999, Growth and Stagnation of Bangladesh Agriculture. Dhaka: Centre for Integrated Rural Development in Asia and Pacific. 32 Tomek, W.G. and K.L. Robinson, 1995, Agricultural Product Prices. Cornell University Press, 1 thaca and London. Tomek, W.G., 1985, Limits on Price Analysis. American Journal of Agriculture Economics. 67: 905-915. Tomek, W.G. and K.L. Robinson, 1977, Agricultural Price Analysis and Outlook in a Survey of Agricultural Economics Literature. Vol-1. Ed. L.R. Martin. Minneapolis: University of Minnesota Press. Ward, R.W., 1982, Asymmetry in retail, wholesale, and shipping pointy pricing for Fresh Vegetables. American Journal of Agricultural Economics. 64:205-212. Westcott, P.C., 1986, Aggregate Indicators in the quarterly Agricultural forecasting Model. USDA, ERS. Staff Report AGES 860916. 33 Appendix Appendix Table1a: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aman Season of Dinajpur, Rangpur, Bogra and Rajshahi Market during the Period of 1980-81 to 2001-02. Market Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) 459 1981-82 471 2.6 4.0 478 2.8 2.1 440 -2.2 443 -0.8 441 -28.2 508 -13.1 1982-83 429 -8.9 518 -17.2 461 -3.6 527 -12.5 440 0.0 521 -15.5 468 6.1 521 -10.2 1983-84 654 52.4 546 19.7 641 39.0 550 16.5 683 55.2 632 8.1 655 40.0 593 10.4 1984-85 556 -15.0 673 -17.4 549 -14.4 664 -17.3 772 13.0 743 1985-86 810 45.7 762 6.3 802 46.1 755 6.2 775 0.4 1986-87 919 13.5 880 4.4 915 14.1 876 4.5 941 1987-88 912 -0.8 913 -0.1 910 -0.5 910 0.0 1988-89 908 -0.4 922 -1.5 904 -0.7 916 -1.3 1989-90 946 4.2 951 -0.5 935 3.4 948 -1.3 1990-91 999 5.6 992 0.7 1004 7.4 980 1991-92 1030 3.1 972 5.9 1000 -0.4 951 5.2 1024 1992-93 888 -13.8 937 -5.3 848 -15.2 902 -6.0 916 -10.5 1993-94 894 975 -8.3 858 1.2 941 -8.9 917 0.1 1994-95 1144 28.0 1071 6.8 1118 30.3 1039 7.6 1158 26.3 1995-96 1175 2.7 1080 8.8 1141 1041 9.6 1241 7.2 0.7 922 -21.5 453 995 -7.3 450 Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Rajshahi 1980-81 1996-97 465 Seasonal price (Tk./quintal) Bogra Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Rangpur Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Dinajpur 2.1 863 -24.4 921 6.7 468 614 3.9 657 0.3 719 -8.6 829 -6.6 844 28.5 822 2.7 21.4 879 7.1 964 14.2 915 5.4 920 -2.2 912 0.9 936 -2.9 928 0.9 874 -5.0 905 -3.4 883 -5.7 918 -3.8 921 5.4 939 -1.9 935 5.9 941 -0.6 2.5 1022 11.0 989 3.3 1005 7.5 987 1.8 0.2 987 3.7 1022 1.7 980 4.3 952 -3.8 912 -10.8 945 -3.5 997 -8.0 902 -1.1 988 -8.7 1105 4.8 1149 27.4 1068 7.6 1139 9.0 1154 975 -11.5 1017 -18.0 1080 6.9 936 -18.9 1027 -8.9 1997-98 887 -3.8 1039 -14.6 951 -6.5 1122 -15.2 991 5.9 1096 -9.6 1998-99 1307 47.4 1128 15.9 1299 41.0 1113 16.7 1398 47.0 1192 17.3 1362 37.4 1176 15.8 1999-00 1189 -9.0 1168 1.8 1119 -13.9 1164 1246 -1.6 1175 -13.7 1204 -2.4 2000-01 1009 -15.1 1072 -5.9 1075 1070 1140 -2.2 1076 1115 -3.5 2001-02 1018 -3.9 1028 -10.4 0.4 1070 -4.9 -3.9 1226 -12.3 0.5 1115 1015 1079 34 -9.1 1094 -8.4 Appendix Table1b: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aman Season of Pabna, Kushtia, Jessore and Khulna Market during the Period of 1980-81 to 2001-02. Market 458 478 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Khulna Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Jessore Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Kushtia Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Pabna 1980-81 541 1981-82 456 -15.7 501.3 -9.0 468 2.2 481 -2.7 512 1982-83 507 11.2 554.7 -8.6 517 10.5 548 -5.7 540 5.5 551.7 -2.1 1983-84 701 38.3 624.7 12.2 659 27.5 622 5.9 603 11.7 613.7 -1.7 697 1984-85 666 -5.0 743.3 -10.4 690 4.7 743.7 -7.2 698 15.8 713 -2.1 739 1985-86 863 29.6 834.7 3.4 882 27.8 843.7 4.5 838 20.1 828 1.2 962 30.2 895 7.5 1986-87 975 13.0 932 4.6 959 2.9 948 13.1 907.3 4.5 984 2.3 972 1.2 1987-88 958 -1.7 951 0.7 956 -0.3 942 1.5 936 -1.3 933.7 0.2 970 -1.4 962.3 0.8 1988-89 920 -4.0 945 -2.6 911 -4.7 932 -2.3 917 -2.0 942.3 -2.7 933 -3.8 950.7 -1.9 1989-90 957 4.0 976.3 -2.0 929 2.0 949.7 -2.2 974 6.2 989.7 -1.6 949 1.7 968.3 -2.0 1990-91 1052 9.9 1025 2.7 1009 8.6 981.3 2.8 1078 10.7 1043 3.4 1023 7.8 1000 2.3 1991-92 1065 1.2 1013 5.1 1006 -0.3 963.7 4.4 1076 -0.2 1023 5.2 1029 0.6 991.7 3.8 8.7 932.3 1992-93 923 -13.3 962 -4.1 876 -12.9 1993-94 898 -2.7 986.7 -9.0 920 1994-95 1139 26.8 1074 6.1 1145 24.5 1091 1995-96 1184 4.0 1086 9.0 1207 1996-97 935 -21.0 1040 -10.1 7.0 1091 -8.4 510 0.4 552 -7.2 541.3 2.0 477 -13.6 575.3 -17.1 46.1 637.7 9.3 6.0 799.3 -7.5 934 -6.2 914 -15.1 975.3 -6.3 923 -10.3 970.7 -4.9 5.0 980.3 -6.2 936 2.4 960 4.0 1021 -5.9 5.0 1174 25.4 1105 6.2 1179 22.8 1122 5.1 1096 10.1 1206 2.7 1101 9.5 1226 4.0 1112 10.2 5.4 936 -22.5 1050 -10.9 923 -23.5 1037 -11.0 932 -24.0 1044 -10.7 1101 981 6.3 1083 -9.4 974 4.5 1082 -10.0 37.2 1166 15.5 1340 1000 1998-99 1339 1359 34.8 1179 15.3 1346 37.6 1155 16.0 1999-00 1104 -17.6 1156 -4.5 1169 -14.0 1191 -1.8 1170 -13.1 1193 -1.9 1151 -14.1 1187 -3.0 2000-01 1024 -5.2 1044 -10.7 1090 -4.2 1063 1104 -3.7 1070 1101 -2.8 2001-02 1112 -7.2 1080 7.7 1008 -7.1 1997-98 33.9 1148 16.7 1008 595 7.1 -8.4 1057 1079 35 -9.1 1082 -7.0 Appendix Table1c: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aman Season of Barisal, Patuakhali, Mymensingh and Kishoreganj during the Period of 1980-81 to 2001-02. 591 1981-82 556 1982-83 1983-84 1984-85 751 1985-86 961 1986-87 512 -5.9 542.3 498 -2.7 506.3 480 -13.7 578 -17.0 509 698 643 8.6 712 39.9 659.7 7.6 803.3 2.2 -1.6 573 -11.2 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Kishoreganj 642 2.5 45.4 Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Year 1980-81 Seasonal price (Tk./quintal) Market Patuakhali Mymensingh Barisal 640 470 -26.8 533 -11.8 478 -25.3 538.3 -11.2 487 7.9 702 553 -11.9 497 44.1 618.3 13.5 3.6 712 4.0 562.3 -11.6 43.3 627 13.6 -6.5 758 6.5 762.3 -0.6 666 -5.1 740 -10.0 672 -5.6 748.3 -10.2 922 4.2 817 7.8 855.7 -4.5 852 27.9 822 3.6 861 28.1 831.3 3.6 1054 9.7 1017 3.6 992 21.4 931 6.6 948 11.3 916.3 3.5 961 11.6 928.3 3.5 1987-88 1037 -1.6 1023 1.4 984 -0.8 984.7 -0.1 949 0.1 946.3 1988-89 978 -5.7 985.7 -0.8 978 -0.6 1015 -3.6 942 1989-90 942 -3.7 963.7 -2.2 1083 10.7 1061 2.1 944 1990-91 971 1991-92 1057 28.0 963 0.2 956.7 0.7 946 -1.8 946.7 -0.1 0.2 971.3 -2.8 931 -1.6 973 -4.3 990 -1.9 1122 3.6 1100 2.0 1028 8.9 1005 2.3 1042 11.9 1005 3.7 8.9 990.3 6.7 1096 -2.3 1066 2.8 1043 1.5 994 4.9 1042 0.0 1003 3.9 1992-93 943 -10.8 949.3 -0.7 979 -10.7 1008 -2.8 911 -12.7 954.7 -4.6 925 -11.2 964.7 -4.1 1993-94 848 -10.1 977.3 -13.2 948 -3.2 1020 -7.1 910 927 0.2 1002 -7.5 1133 19.5 1038 9.2 1151 26.5 4.5 1154 24.5 1104 4.5 1033 1037 -0.4 1244 8.1 1106 12.5 1232 6.8 1099 12.1 1994-95 1141 1995-96 1228 3.1 0.3 945 -0.3 -0.7 34.6 1072 6.4 7.6 1111 10.5 1996-97 965 -21.4 1062 -9.2 945 1997-98 994 -9.5 1000 1998-99 1335 1999-00 1164 -12.8 1175 -1.0 2000-01 1027 -11.8 1112 -7.7 2001-02 1146 3.0 1098 34.3 1164 14.7 -8.8 -8.5 992.7 1102 922 -25.9 1030 -10.5 912 -26.0 1038 -12.2 925 0.3 1072 -13.7 971 6.5 1102 -11.9 1408 40.8 1158 21.6 1370 48.1 1144 19.8 1424 46.7 1185 20.2 1065 -24.4 1179 -9.6 1136 -17.1 1200 -5.3 1160 -18.5 1216 -4.6 1063 1068 -0.4 1093 1100 -0.7 1065 1100 -3.2 5.8 -0.2 -4.8 -0.1 990.7 -8.1 1118 -10.5 1075 1072 36 -3.8 1074 -8.2 Appendix Table1d: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aman Season of Jamalpur, Tangail, Faridpur and Dhaka Market during the Period of 1980-81 to 2001-02. Market 452 636 633 1.1 458.7 -1.9 456 0.9 461.3 -1.2 512 -19.5 552.3 -7.3 489 -22.7 481 6.9 526.3 -8.6 476 4.4 515.7 -7.7 509 -0.6 545.3 -6.7 498 648 34.7 590.7 9.7 6.8 615 20.8 585.3 5.1 688 3.6 710.3 -10.3 632 2.8 0.8 634 0.3 734.7 -13.7 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Dhaka Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Faridpur Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Tangail Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Jamalpur 1980-81 445 1981-82 450 1982-83 1983-84 1984-85 643 -0.8 709 -9.3 1985-86 836 30.0 809.3 3.3 879 38.0 831.3 5.7 1986-87 949 13.5 910.3 4.2 978 11.3 941.7 3.9 938 47.9 834 12.5 915 4.5 904 1.2 1987-88 946 -0.3 939.7 0.7 968 -1.0 960 0.8 930 -0.9 926 0.4 921 0.7 922.7 -0.2 1988-89 924 -2.3 931.3 -0.8 934 -3.5 949 -1.6 910 -2.2 922.7 -1.4 932 1.2 936.3 -0.5 1989-90 924 0.0 952.3 -3.0 945 1.2 978.7 -3.4 928 2.0 948.3 -2.1 956 2.6 979.3 -2.4 1990-91 1009 1991-92 1001 9.2 615 29.2 637 576 627 540 -9.4 1.8 558.3 -10.8 38.2 630.7 9.1 706 2.6 756.7 -6.7 876 24.1 832.3 5.2 978 3.2 1057 11.9 1030 2.7 1007 8.5 983.3 2.4 1050 9.8 1027 2.2 -0.8 964.7 3.8 1087 2.8 1037 4.9 1015 0.8 979.3 3.6 1076 2.5 1032 4.2 971 -9.8 991.7 -2.1 928 -4.4 1024 -9.4 1992-93 884 -11.7 930 -4.9 966 -11.1 1005 -3.8 916 1993-94 905 988 -8.4 961 -0.5 1044 -8.0 936 2.2 1994-95 1175 29.8 1097 7.1 1205 25.4 1136 6.0 1184 26.5 1117 6.0 1174 26.5 1124 4.5 1995-96 1211 1243 1130 10.0 1230 3.9 1132 8.6 1269 8.1 1148 10.5 2.4 3.1 1099 10.2 3.2 1996-97 910 -24.9 1017 -10.5 942 -24.2 1059 -11.1 1997-98 929 2.1 1097 -15.3 993 5.4 1121 -11.4 1036 1998-99 1451 56.2 1169 24.1 1429 43.9 1999-00 1128 -22.3 1216 -7.2 1202 -15.9 2000-01 1069 -1.3 1052 -12.5 2001-02 1052 -5.2 1083 -9.8 955.7 -4.2 1083 -9.2 1002 -21.0 1131 -11.4 5.4 1151 -10.0 1121 11.9 1168 -4.0 1208 18.3 1433 38.3 1282 11.7 1381 23.2 1221 13.1 1228 -2.1 1378 -3.8 1304 5.7 1160 -16.0 1205 -3.7 1120 -6.1 1100 -20.2 1106 -3.0 1106 983 -20.1 1012 -7.5 1119 37 1199 -8.3 1073 1084 -7.5 Appendix Table1e: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aman Season of Sylhet, Comilla, Noakhali and Chittagang Market during the Period of 1980-81 to 2001-02. Market 1980-81 625 603 602 1981-82 424 -32.2 505.7 -16.2 440 -27.0 514.7 -14.5 556 1982-83 468 10.4 526.3 -11.1 501 13.9 -9.4 601 1983-84 687 46.8 596.7 15.1 718 43.3 631.3 13.7 703 1984-85 635 -7.6 702 -9.5 675 705 1985-86 784 23.5 781.7 0.3 865 28.1 838.7 3.1 878 24.5 860.3 2.1 1986-87 926 18.1 877.7 5.5 976 12.8 938 4.1 998 13.7 953 1987-88 923 -0.3 914.7 0.9 973 -0.3 965 0.8 983 -1.5 973 1988-89 895 -3.0 903.7 -1.0 946 -2.8 954.3 -0.9 938 -4.6 1989-90 893 -0.2 934 -4.4 944 -0.2 987.3 -4.4 965 2.9 1990-91 1014 13.5 977.3 3.8 1072 13.6 1037 3.4 1097 1991-92 1025 1.1 986.7 3.9 1094 2.1 1053 3.9 1116 553 -6.0 752.7 -10.3 8.1 620 -3.1 445 -18.8 483 -7.9 456 2.5 506 -9.9 5.0 617 35.3 569 8.4 762 -7.5 634 2.8 660.7 -4.0 731 15.3 777.3 -6.0 4.7 967 32.3 889.7 8.7 1.0 971 0.4 972.7 -0.2 962 -2.5 980 0.9 987 -0.7 1000 -3.5 1010 3.1 1031 -2.0 13.7 1059 3.6 1103 9.2 1077 2.4 1.7 1071 4.2 1117 1.3 1075 3.9 -2.1 17.0 669.7 0.3 921 -10.1 957 -3.8 994 -9.1 1019 -2.4 1000 -10.4 1993-94 925 0.4 1009 -8.3 968 -2.6 1052 -8.0 1031 -3.0 1005 -10.0 1027 977 -2.3 1054 -7.3 1994-95 1180 27.6 1139 3.6 1193 23.2 1153 3.4 1185 21.3 1139 1995-96 1312 11.2 1139 15.2 1299 7.9 1256 6.0 8.9 1204 1996-97 924 -29.6 1066 -13.3 1119 -13.9 1148 1997-98 963 4.2 1079 -10.7 1025 1201 -14.6 1998-99 1349 40.1 1134 18.9 1999-00 1091 -19.1 1176 -7.2 2000-01 1088 -0.8 2001-02 1111 958 -4.7 1064 -10.0 4.0 1229 28.3 1155 6.4 1115 12.6 1278 4.0 1138 12.3 905 -27.9 1040 -13.0 960 6.1 1086 -11.6 1032 13.7 1078 -4.3 1458 42.2 1229 18.7 1392 45.0 1157 20.3 1295 25.5 1155 12.2 1203 -17.5 1255 -4.1 1120 -19.5 1235 -9.3 1137 -12.2 1156 -1.6 1103 1142 -3.4 1193 1144 1080 -4.2 -8.4 -8.3 -2.5 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) 548 -7.6 586.3 -5.2 1992-93 -0.3 1097 Seasonal price (Tk./quintal) Chittagang Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Noakhali Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Comilla Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Sylhet 1121 1119 38 6.5 908 -29.0 4.3 1035 1069 -9.0 1073 -15.4 Appendix Table1f: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aman Season of Rangamati, Khagrachari and Bandarban Market during the Period of 1980-81 to 2001-02. Market 610 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Bandarban Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Khagrachari Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Rangamati 1980-81 598 605 1981-82 451 -24.6 502 -10.2 455 -25.4 508.7 -10.6 458 -24.3 507.7 -9.8 1982-83 457 1.3 532 -14.1 461 1.3 534.7 -13.8 460 1983-84 688 50.5 593 16.0 688 49.2 594.7 15.7 688 49.6 1984-85 634 -7.8 671 -5.5 635 -7.7 671.3 -5.4 631 -8.3 667.3 -5.4 1985-86 691 9.0 746.3 -7.4 691 8.8 734.7 -5.9 683 8.2 776.7 -12.1 1986-87 914 32.3 837 9.2 7.6 1016 48.8 903.7 12.4 1987-88 906 -0.9 913.3 -0.8 878 0.0 1988-89 920 1.5 936.3 -1.7 962 9.6 933.7 6.8 878 27.1 815.7 961 906 -3.1 1012 0.4 535.3 -14.1 593 16.0 -0.4 997.7 1.4 3.0 965 -4.6 981.3 -1.7 -4.8 967 0.2 990.7 -2.4 1989-90 983 999 -1.6 -0.1 1009 1990-91 1094 11.3 1063 2.9 1105 15.0 1054 4.9 1040 7.5 1028 1.1 1991-92 1113 1.7 1066 4.4 1095 -0.9 1058 3.5 1078 3.7 1053 2.4 1992-93 991 -11.0 1020 -2.8 973 -11.1 1057 -7.9 1041 -3.4 1005 3.6 1993-94 956 -3.5 1035 -7.6 1103 13.4 1088 1994-95 1158 21.1 1113 4.0 1188 7.7 1196 -0.7 1279 42.7 1995-96 1225 5.8 1142 7.3 1297 9.2 1143 13.5 1292 1.0 1996-97 1042 -14.9 1101 -5.4 1997-98 1037 -0.5 1173 -11.6 975 -3.5 1088 -10.4 1998-99 1440 38.9 1281 12.4 1054 14.6 1031 2.2 1279 31.2 1135 12.7 1999-00 1365 -5.2 1349 1.2 1120 6.3 1138 -1.6 1152 -9.9 1127 2000-01 1243 -8.9 1266 -1.8 1240 10.7 1187 2001-02 1190 944 -27.2 920 896 -13.9 1054 -10.4 1010 -21.8 -2.5 972.7 1202 1.4 -5.4 4.4 950 -17.5 967 39 1072 -16.4 1156 10.7 1194 8.2 1092 -7.5 2.2 1023 -7.1 Appendix Table2a: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aus Season of Dinajpur, Rangpur, Bogra and Rajshahi Market during the Period of 1980-81 to 2001-02. Market 1980-81 478 1981-82 482 0.8 503 -4.2 1982-83 549 13.9 1983-84 601 1984-85 652 1985-86 783 20.1 771 1.6 1986-87 878 12.1 855 2.7 868 21.1 827.7 1987-88 904 3.0 912 -0.9 898 3.5 1988-89 954 5.5 933.3 2.2 955 1989-90 942 -1.3 970.3 -2.9 941 -1.5 968.7 1990-91 1015 985 3.0 1010 1991-92 998 -1.7 954.7 4.5 992 1992-93 489 468 Deviation of seasonal price from moving average 593 27.8 558.7 6.1 619 4.4 642.7 -3.7 549 17.3 538.7 1.9 608 0.1 599 9.1 598.7 0.1 624 8.5 678.7 -3.9 648 8.2 654.7 -1.0 716 717 10.6 744.3 -3.7 776 4.9 880 13.4 907 -1.0 888 0.9 6.3 931.3 2.5 905 -2.9 932 3.0 954.3 -2.3 953 -10.7 Moving average price (3year) 549 10.7 2.6 649.3 -3.9 0.9 7.3 Changes from previous year %) 46.5 544 7.7 Seasonal price (Tk./quintal) -2.5 14.7 705.3 1.5 716 8.4 790.7 -1.9 747 848 3.8 878 891 -0.3 1.9 908.3 -0.4 2.3 903.7 -0.6 4.1 925 1.1 942 0.7 969 -2.8 9.3 996 3.4 -1.4 975.3 4.2 10.1 991 3.5 1030 -1.1 971.7 4.5 1016 13.7 1087 5.6 1091 13.1 1028 1995-96 1103 -3.9 1068 3.3 1028 -5.8 1015 952 -13.7 1061 -10.2 926 -9.9 1018 874 -13.9 972.3 -10.1 3.2 -4.3 935 4.7 1015 -9.9 694 4.3 780.3 898 3.0 1026 965 14.9 965.3 -9.2 4.4 981 840 -15.3 932.3 15.7 511 841 -1.8 947.3 1148 2001-02 Deviation of seasonal price from moving average 464 1994-95 2000-01 Moving average price (3year) -6.7 489.3 -15.2 0.7 1999-00 Changes from previous year %) 415 18.7 1003 1998-99 Seasonal price (Tk./quintal) -6.8 9.5 600.7 851 -14.7 1127 476 502 1010 1997-98 Rajshahi 445 -4.3 1993-94 1996-97 Bogra Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Rangpur Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Dinajpur 17.5 972 -9.5 0.0 1028 17.6 1032 -0.4 1020 880 -13.4 15.9 1023 -0.3 6.1 1193 16.1 1131 5.5 1168 14.5 1109 5.3 1.3 1173 -1.7 1136 3.2 1140 -2.4 1111 2.6 1126 -7.3 1026 -10.0 1108 -7.4 11.3 1139 1.9 1158 12.9 1135 2.0 -9.0 1043 -11.1 18.4 1106 1.9 1099 18.7 1073 2.4 1161 1239 9.9 1189 4.2 1195 8.7 1155 3.5 1213 4.5 1178 3.0 1222 5.5 1177 3.8 1201 -3.1 1151 4.3 1171 -2.0 1102 6.2 1160 -4.4 1142 1.6 1151 -5.8 1140 1.0 1014 -15.6 1046 -3.1 941 -19.6 1013 -7.1 1052 -9.3 1067 -1.4 1047 -9.0 1074 -2.5 924 927 988 40 1025 Appendix Table2b: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aus Season of Pabna, Kushtia, Jessore and Khulna Market during the Period of 1980-81 to 2001-02. Market Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Khulna Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Jessore Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Kushtia Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Pabna 1980-81 516 617 516 1981-82 495 -4.1 528 -6.3 503 -18.5 582.3 -13.6 501 -2.9 537.3 -6.8 480 -3.0 1982-83 573 15.8 574.7 -0.3 627 24.7 596.3 18.8 3.8 606 26.3 587.3 3.2 1983-84 656 14.5 658.3 -0.4 659 4.7 663.3 -6.1 676 11.6 691.7 -2.3 1984-85 746 13.7 725 2.9 1985-86 773 3.6 808 -4.3 1986-87 905 17.1 866.7 4.4 1987-88 922 1.9 930 -0.9 879 2.0 1988-89 963 4.4 957.3 0.6 920 1989-90 987 2.5 1000 -1.3 947 2.9 964.3 1990-91 1051 6.5 1020 3.1 1026 8.3 989.3 1991-92 1021 -2.9 987.7 3.4 995 -3.0 961.3 1992-93 891 -12.7 967.3 -7.9 863 -13.3 1993-94 990 998 -0.8 1019 18.1 1015 0.4 1046 17.5 1025 2.0 1062 17.5 1043 1.9 1994-95 1113 12.4 1058 5.2 1162 14.0 1091 6.5 1140 9.0 1098 3.9 1162 9.4 1114 4.3 1995-96 1072 -3.7 1045 2.6 1092 1071 1.9 1107 -2.9 1076 2.9 1118 -3.8 1079 3.6 951 -11.3 1054 -9.8 960 -12.1 19.9 1095 4.1 1155 20.3 1111 4.0 1153 1996-97 11.1 5.1 683.7 765 16.1 732.7 5.1 595 -3.6 623 495 573 527 -8.9 4.4 772 23.9 710.3 8.7 793 17.3 738.3 1.2 800.3 -3.3 736 -4.7 793.3 -7.2 746 -5.9 805 -7.3 862 11.4 838.3 2.8 872 18.5 4.2 876 17.4 840 4.3 887 -0.9 903 3.6 915.7 -1.4 898 2.5 905.7 -0.8 4.7 915.3 0.5 972 7.6 1.8 943 5.0 929.3 1.5 -1.8 990 1.9 1011 -2.1 947 0.4 968.7 -2.2 3.7 1071 8.2 1035 3.5 1016 3.5 1044 -2.5 1002 4.2 991 890 -14.8 993.3 -10.4 904 774 -6.0 959 -10.0 1069 -10.2 1997-98 1140 1998-99 1195 4.8 1151 3.9 1217 5.4 1174 1999-00 1117 -6.5 1111 0.5 1149 -5.6 1124 2000-01 1021 -8.6 1071 -4.6 1006 -12.4 1040 2001-02 1074 980 -11.5 837 955 1080 -9.3 7.4 7.3 984.7 3.2 -2.5 970.3 2.1 -8.8 985.7 -8.3 957 -14.4 1075 -11.0 17.7 1120 2.9 1151 20.3 1126 2.2 3.7 1227 6.4 1169 5.0 1270 10.3 1195 6.3 2.2 1126 -8.2 1140 -1.2 1163 -8.4 1158 0.4 -3.3 1066 -5.3 1069 -0.3 1041 -10.5 1063 -2.0 965 1016 41 984 Appendix Table2c: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aus Season of Barisal, Patuakhali, Mymensingh and Kishoreganj during the Period of 1980-81 to 2001-02. 498 1981-82 498 1982-83 563 475 0.0 519.7 -4.2 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Moving average price (3year) Kishoreganj 515 495 449 -12.8 512.7 -12.4 448 -9.5 507 -11.6 7.2 574 27.8 552.3 3.9 578 29.0 541 6.8 648 -4.9 634 10.5 645.3 -1.8 597 3.3 592 0.8 734 19.2 716.7 2.4 728 14.8 3.3 601 0.7 643.7 -6.6 797 -5.5 453 -4.6 507.3 -10.7 594 31.1 554.3 1984-85 13.1 353.7 59.2 0 -100.0 433.3 100.0 #DIV/ 737 0! 482.3 52.8 1985-86 710 -3.7 794.3 -10.6 800 817 -2.1 753 1986-87 936 31.8 864.3 8.3 917 14.6 885.7 3.5 910 1987-88 947 1.2 948.3 -0.1 940 2.5 946 -0.6 1988-89 962 1.6 974 -1.2 981 4.4 959 2.3 1989-90 1013 5.3 1010 0.3 956 -2.5 1019 -6.2 1990-91 1055 4.1 1022 3.2 1120 17.2 1064 5.3 1028 1991-92 998 -5.4 993.3 0.5 1115 1053 5.9 1015 1992-93 927 -7.1 1993-94 1994-95 1983-84 Changes from previous year %) Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Year 1980-81 Seasonal price (Tk./quintal) Market Patuakhali Mymensingh Barisal 616 3.7 9.0 -0.4 924 -17.1 967.3 733 22.0 736.3 -0.5 6.0 875 19.4 830.7 5.3 912 0.2 915.3 -0.4 884 1.0 890.3 -0.7 924 1.3 932.3 -0.9 912 3.2 917.3 -0.6 961 4.0 956 4.8 967.7 -1.2 20.8 858.3 7.0 971 -1.0 1001 2.7 1035 8.3 1005 -1.3 974.3 4.2 1024 -1.1 993 3.1 920 -10.2 985.3 -6.6 880 -13.3 965.3 -8.8 3.0 987 -6.1 1036 11.8 1034 0.2 13.8 1012 -1.1 1012 10.0 1029 -1.7 1139 9.9 1098 3.7 1200 39.0 1088 10.3 1154 15.3 1089 6.0 1156 14.2 1090 6.0 1995-96 1120 -1.7 1095 2.3 1200 0.0 1204 -3.6 1082 1996-97 1027 -8.3 1076 -4.6 1212 1.0 1212 0.0 1997-98 1081 5.3 1103 -2.0 1224 1.0 1220 0.3 1119 1998-99 1202 11.2 1136 5.8 1225 0.1 1203 1999-00 1125 -6.4 1126 -0.1 1160 -5.3 1186 2000-01 1050 -6.7 1092 -3.8 1172 1.0 1171 2001-02 1100 863 -4.5 3.4 705 -6.6 995.7 -13.3 1001 -0.3 1112 2.8 1103 -4.6 1086 1.5 1070 -8.5 1000 -9.3 1076 -7.0 14.3 1093 2.3 1124 12.4 1119 0.4 1.8 1182 5.6 1156 2.3 1233 9.7 1192 3.5 -2.2 1166 -1.4 1131 3.1 1218 -1.2 1163 4.7 1055 -0.8 1039 -14.7 1073 -3.2 979 -12.0 0.1 1046 -10.3 1180 952 42 963 Appendix Table2d: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aus Season of Jamalpur, Tangail, Faridpur and Dhaka Market during the Period of 1980-81 to 2001-02. Market 1980-81 497 1981-82 444 -10.7 503 -11.7 476 1982-83 568 531 7.0 620 30.3 1983-84 581 2.3 615.7 -5.6 638 1984-85 698 20.1 670.7 4.1 1985-86 733 5.0 771.3 -5.0 1986-87 883 20.5 836.3 5.6 1987-88 893 1.1 896.7 -0.4 1988-89 914 2.4 912 0.2 1989-90 929 1.6 947.3 1990-91 999 7.5 1991-92 985 -1.4 1992-93 836 -15.1 928.7 -10.0 1993-94 965 1994-95 1995-96 1996-97 474 27.9 546 0.4 523.3 2.9 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Dhaka Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Faridpur Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Tangail Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Jamalpur 544 -9.0 507 -7.1 556.7 -8.9 477 -12.3 578 7.3 617 21.7 586.3 5.2 605 26.8 572.7 5.6 677 -5.8 635 668 -4.9 636 5.1 671.3 -5.3 773 21.2 734.7 2.9 5.2 752 18.4 689.7 9.0 773 732 5.6 2.6 817 -2.9 682 -9.3 765.7 -10.9 787 1.8 798.3 -1.4 885 11.6 860 2.9 863 26.5 6.9 835 6.1 829.3 0.7 902 1.9 910.3 -0.9 876 1.5 882.3 -0.7 866 3.7 944 4.7 939 0.5 908 3.7 0.0 939 8.4 922.7 1.8 -1.9 971 2.9 989.7 -1.9 940 3.5 956.3 -1.7 963 2.6 983.7 -2.1 971 2.9 1054 8.5 1026 2.7 1021 8.6 987.3 3.4 1049 8.9 1019 2.9 940 4.8 1053 -0.1 1005 4.7 1001 -2.0 971.3 3.1 1046 -0.3 1007 3.8 927 -11.4 793 908 892 -10.9 981.3 -9.1 880 -1.6 909 -13.7 998 1010 -8.2 988 -2.3 1032 13.5 1044 -1.1 1051 17.8 1047 0.4 1058 14.1 1062 -0.4 1163 20.5 1094 6.3 1191 15.4 1122 6.1 1198 14.0 1136 5.4 1202 13.6 1148 4.7 1154 -0.8 1103 4.7 1144 -3.9 1117 2.4 1160 -3.2 1145 1.3 1185 -1.4 1133 4.6 991 -14.1 1090 -9.1 1016 -11.2 1125 -9.7 1078 -7.1 1146 -5.9 1012 -14.6 1134 -10.7 19.0 1154 15.4 -8.9 807 21.5 542 -12.0 1997-98 1124 13.4 1119 0.4 1215 19.6 1160 4.8 1199 11.2 1202 -0.2 1204 1998-99 1243 10.6 1185 4.9 1248 2.7 1214 2.8 1328 10.8 1245 6.7 1247 3.6 1206 3.4 1999-00 1188 -4.4 1165 2.0 1179 -5.5 1150 2.5 1207 -9.1 1224 -1.4 1166 -6.5 1178 -1.0 2000-01 1063 -10.5 1081 -1.7 1023 -13.2 1062 -3.7 1137 -5.8 1146 -0.8 1121 -3.9 1097 2.2 2001-02 992 985 1095 43 1003 4.3 Appendix Table2e: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aus Season of Sylhet, Comilla, Noakhali and Chittagang Market during the Period of 1980-81 to 2001-02. Market Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Chittagang Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Noakhali Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Comilla Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Sylhet 1980-81 542 521 530 1981-82 422 -22.1 524.3 -19.5 435 -16.5 525.3 -17.2 496 -6.4 574.3 -13.6 447 -6.3 515.7 -13.3 1982-83 609 44.3 557 9.3 620 42.5 573.3 697 1983-84 640 5.1 648 -1.2 1984-85 695 8.6 689.3 1985-86 733 5.5 1986-87 843 1987-88 859 1.9 871 -1.4 1988-89 911 6.1 910 0.1 1989-90 960 5.4 958.3 0.2 1001 2.7 1990-91 1004 4.6 1991-92 967 0.8 757 -3.2 15.0 811.7 3.9 665 7.3 681 758 14.0 728.7 8.1 -2.3 477 40.5 597 16.8 623 39.4 558.3 11.6 598 -14.2 689 -13.2 605 -2.9 642.7 -5.9 714 8.1 700 15.7 671 4.3 0.0 814.7 -5.2 708 1.1 776 -8.8 4.0 772 0.7 801 -4.7 772 882 15.6 851 3.6 900 16.6 908 2.9 921.7 -1.5 920 975 7.4 961.3 1.4 970 1012 -1.1 1011 763 29.1 864 4.2 920 29.9 855.3 7.6 2.2 930 -1.1 938 2.0 952.3 -1.5 5.4 967 999 6.5 1002 -0.3 4.2 1025 -1.4 1070 7.1 1066 0.3 0.3 977 2.8 1061 6.0 1043 1.7 1094 8.2 1057 3.5 1130 5.6 1092 3.5 -3.7 956.7 1.1 1068 0.7 1024 4.3 1067 -2.5 1046 2.0 1075 -4.9 1060 1.4 1992-93 899 -7.0 967.3 -7.1 943 -11.7 1027 -8.2 977 -8.4 1047 -6.7 975 -9.3 1054 -7.5 1993-94 1036 15.2 1030 0.6 1071 13.6 1085 -1.3 1097 12.3 1100 -0.3 1111 13.9 1113 -0.2 1994-95 1155 11.5 1123 2.8 1240 15.8 1173 5.7 1227 11.9 1153 6.4 1253 12.8 1197 4.6 1995-96 1179 2.1 1092 8.0 1207 3.2 1136 -7.4 1104 2.9 1228 1996-97 -2.7 1169 1061 -12.1 1166 2.3 1231 16.0 1195 942 -20.1 1077 -12.6 1997-98 1111 17.9 1086 1998-99 1205 8.5 1144 5.3 1292 5.0 1999-00 1116 -7.4 1135 -1.7 1180 -8.7 2000-01 1085 -2.8 1077 0.7 1132 -4.1 2001-02 1031 -9.0 949 -16.5 -2.0 1176 4.4 1062 -10.6 1048 -14.7 1144 -8.4 10.3 1133 2.1 3.0 1101 16.0 1087 1.3 1156 1234 4.7 1212 10.1 1171 3.5 1194 3.3 1158 3.1 1201 -1.8 1200 -1.0 1173 2.3 1124 -5.9 1123 0.1 1151 -1.7 1107 -7.8 1122 -1.4 1052 -6.4 1079 -2.5 1142 1060 44 1061 Appendix Table2f: Distribution of Marketwise Fluctuations of Boro Rice Prices in Aus Season of Rangamati, Khagrachari and Bandarban Market during the Period of 1980-81 to 2001-02. Market 1980-81 524 1981-82 1982-83 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Bandarban Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Khagrachari Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Rangamati 524 452 451 -13.9 577.3 -21.9 452 -13.7 577.7 -21.8 452 0.0 536.3 -15.7 757 67.8 757 67.5 635.3 19.2 705 56.0 619.3 13.8 1983-84 697 -7.9 726.7 -4.1 697 -7.9 726.7 -4.1 701 -0.6 1984-85 726 4.2 737.3 -1.5 726 4.2 737.3 -1.5 718 1985-86 789 8.7 787 0.3 789 8.7 -7.4 892 1986-87 846 7.2 835 1.3 957 8.8 959 7.5 939 2.1 1987-88 870 2.8 894.7 -2.8 1041 0.0 1081 -3.7 966 0.7 965 0.1 1988-89 968 11.3 972.3 -0.4 1160 11.4 1113 4.3 970 0.4 984.3 -1.5 1989-90 1079 11.5 1062 1.6 1137 -2.0 1160 -2.0 1017 4.8 1017 0.0 1990-91 1138 5.5 1104 3.1 1182 4.0 1156 2.3 1065 4.7 1054 1.0 1991-92 1094 -3.9 1065 2.7 1148 -2.9 1125 2.1 1081 1.5 1030 5.0 963 -12.0 1070 -10.0 1044 1992-93 635 19.2 1041 31.9 852 2.4 770.3 -6.8 24.2 856.3 -9.1 1115 3.0 1154 10.5 1147 0.6 1123 19.0 1109 1.3 1242 7.7 1205 3.1 1244 7.8 1206 3.1 1260 12.2 1199 5.1 1219 -1.9 1176 3.7 1221 -1.8 1185 3.0 1213 -3.7 1173 3.4 1996-97 1066 -12.6 1167 -8.6 1090 -10.7 1140 1997-98 1215 14.0 1225 -0.8 1110 1.8 1107 0.3 1164 11.4 1154 0.9 1998-99 1394 14.7 1304 6.9 1120 0.9 1126 -0.6 1253 7.6 1203 4.2 1999-00 1303 -6.5 1316 -1.0 1149 2.6 1161 -1.1 1191 -4.9 1137 4.7 2000-01 1250 -4.1 1271 -1.7 1215 5.7 1207 2001-02 1260 1153 1994-95 1995-96 1258 944 -12.7 4.2 19.7 1119 1993-94 -6.4 708 -1.0 -4.4 1045 -13.8 0.6 968 -18.7 1235 45 1049 -10.0 1141 -8.4 1131 -14.4 Appendix Table3a: Distribution of Marketwise Fluctuations of Boro Rice Prices in Boro Season of Dinajpur, Rangpur, Bogra and Rajshahi Market during the Period of 1980-81 to 2001-02. Market 1980-81 556 1981-82 762 1982-83 817 1983-84 778 1984-85 782 0.5 781 0.1 774 1985-86 783 0.1 823.7 -4.9 769 1986-87 906 15.7 869.7 4.2 1987-88 920 1.5 924.7 -0.5 1988-89 948 3.0 940 0.9 1989-90 952 0.4 974.3 -2.3 946 1990-91 1023 990 3.3 1024 8.2 990.7 1991-92 995 -2.7 945.3 5.3 1002 -2.1 951.7 1992-93 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Rajshahi Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Bogra Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Rangpur Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Dinajpur 528 556 7.1 769 45.6 640.3 20.1 761 36.9 687.33 10.7 807 64.7 673.7 19.8 7.2 785.7 4.0 624 -18.9 724.7 -13.9 745 -2.1 750.33 -0.7 724 -10.3 779.3 -7.1 -4.8 792.3 -1.8 781 25.2 726.3 7.5 745 0.0 748.67 -0.5 807 -0.9 774.7 -0.1 756 1.5 0.3 807 0.0 807 0.0 -0.6 812.3 -5.3 761 0.7 808.33 -5.9 807 0.0 853.7 -5.5 861 3.8 908 5.1 947 17.3 899.3 5.3 920 2.9 926.7 966 5.0 37.1 711.7 7.5 818 -17.8 948.3 -13.7 894 16.3 490 754 19.3 863.67 11.5 779.3 -0.7 922 1.5 925.67 -0.4 944 -0.3 940.7 944 2.3 947 2.7 939 0.9 931 -1.4 -2.1 978.7 -3.3 948 0.1 970 -2.3 945 7.1 984 3.4 1015 5.3 829 -17.3 950.3 -12.8 989 -2.6 957.67 3.2 1026 3.3 869 -12.1 964.33 -9.9 993 3.6 0.4 940 -1.0 1.5 967.3 -2.3 988 3.8 -3.2 960.7 8.6 3.4 863 -13.1 961 -10.2 1993-94 1032 26.2 1012 2.0 1020 23.0 1011 0.9 1035 19.1 1041 -0.6 1027 19.0 1033 -0.5 1994-95 1186 14.9 1112 6.7 1183 16.0 1107 6.8 1219 17.8 1163 4.8 1208 17.6 1130 6.9 1995-96 1117 -5.8 1067 4.7 1119 1053 6.2 1235 1.3 1138.3 8.5 1154 -4.5 1097 5.2 1996-97 897 -19.7 1054 -14.9 -5.4 858 -23.3 1046 -17.9 961 -22.2 2.6 1227 1141 -15.8 1997-98 1147 27.9 1144 0.3 1160 35.2 1130 1998-99 1387 20.9 1228 12.9 1373 18.4 1211 13.3 1419 1999-00 1151 -17.0 1179 -2.4 1101 -19.8 2000-01 1000 -13.1 1065 -6.1 1231 11.8 1119 10.0 1120 -4.6 1150.7 -2.7 1108 2001-02 1044 1158 1150 1100 -15.5 2.1 1216 30.9 1184 2.7 15.6 1273.3 11.4 1406 15.6 1264 11.2 1235 -10.9 1174 -17.3 1237.7 -5.1 1170 -16.8 1228 -4.7 1143 -3.0 1026 46 27.7 1202.3 929 -19.5 -5.3 Appendix Table3b: Distribution of Marketwise Fluctuations of Boro Rice Prices in Boro Season of Pabna, Kushtia, Jessore and Khulna Market during the Period of 1980-81 to 2001-02. Market Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Khulna Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Jessore Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Kushtia Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Pabna 1980-81 563 547 536 1981-82 783 39.1 700.7 11.8 825 50.8 698.7 18.1 804 1982-83 756 -3.4 769.3 -1.7 724 -12.2 791.3 -8.5 804 0.0 804 0.0 699 3.6 683 2.3 1983-84 769 1.7 767.7 0.2 825 14.0 791.3 4.3 804 0.0 804 0.0 675 -3.4 683 -1.2 1984-85 778 1.2 776.7 0.2 825 0.0 825 0.0 804 0.0 804 0.0 675 0.0 675 0.0 1985-86 783 0.6 840.7 -6.9 825 0.0 855.3 -3.5 804 0.0 856 -6.1 675 0.0 768.7 -12.2 1986-87 961 22.7 906.7 6.0 916 11.0 889 3.0 960 1987-88 976 1.6 976 0.0 926 1.1 926 0.0 962 0.2 1988-89 991 1.5 980.7 1.1 936 1.1 935 0.1 967 1989-90 975 -1.6 1012 -3.7 943 0.7 965.3 -2.3 992 2.6 1003.3 -1.1 1990-91 1070 9.7 1026 4.3 1017 7.8 974.3 1991-92 1034 3.9 963 -5.3 938.3 1992-93 -3.4 995 881 -14.8 984.7 -10.5 4.4 1051 2.6 835 -13.3 948.3 -12.0 993 520 50.0 714.67 12.5 19.4 908.67 675 29.8 631.3 6.9 5.6 956 41.6 868.7 10.1 963 -0.1 975 2.0 977.7 -0.3 0.5 973.67 -0.7 1002 2.8 984.3 5.9 1012 -5.5 970 866 -12.8 976 3.9 1032 2.4 976 -11.3 990 -2.6 1.8 1003 -2.7 5.7 999.3 3.3 -4.1 959.3 3.2 856 -13.5 966.7 -11.4 1993-94 1039 17.9 1034 0.5 1047 25.4 1019 2.8 1069 23.4 1054.7 1.4 1054 23.1 1041 1.2 1994-95 1181 13.7 1118 5.6 1174 12.1 1114 5.4 1229 15.0 1157.3 6.2 1213 15.1 1142 6.2 1995-96 1134 -4.0 1073 5.7 1120 1077 4.0 1174 -4.5 5.8 1159 -4.5 1089 6.4 1996-97 903 -20.4 1075 -16.0 -4.6 937 -16.3 1092 -14.2 1110 927 -21.0 1094.7 -15.3 1997-98 1189 31.7 1159 2.6 1218 30.0 1184 1998-99 1385 16.5 1233 12.3 1397 14.7 1241 12.6 1423 1999-00 1125 -18.8 1178 -4.5 1107 -20.8 1176 -5.9 1136 -20.2 2000-01 1023 -8.0 1025 1096 -6.5 1128 1138 -0.9 1131 2001-02 1188 -9.1 1112 -7.4 2.9 1183 1156 1150 47 27.6 1177.7 895 -22.8 1094 -18.2 0.5 1229 37.3 1176 4.5 20.3 1247.3 14.1 1405 14.3 1249 12.5 1229 -7.6 1112 -20.9 1216 -8.6 1130 0.1 -0.7 1148 1.7 Appendix Table3c: Distribution of Marketwise Fluctuations of Boro Rice Prices in Boro Season of Barisal, Patuakhali, Mymensingh and Kishoreganj during the Period of 1980-81 to 2001-02. 478 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) 1980-81 478 1981-82 487 1.9 485 0.4 487 1.9 485 0.4 478 -1.4 546 -12.5 478 -1.4 1982-83 490 0.6 489 0.2 490 0.6 489 0.2 675 41.2 610.33 10.6 675 41.2 610.3 10.6 1983-84 490 0.0 572.3 -14.4 490 0.0 571.3 -14.2 678 0.4 708.33 -4.3 678 0.4 708.3 -4.3 1984-85 737 50.4 645.7 14.1 734 49.8 2.2 772 13.9 755.3 2.2 1985-86 710 -3.7 783 5.7 856.67 -4.7 816 5.7 856.3 -4.7 1986-87 1013 981 20.2 934.7 5.0 1987-88 1014 994 2.0 930 6.3 934.7 -0.5 1000 1.8 1000.7 -0.1 1007 2.7 1009 1988-89 955 -5.8 1006 -5.0 999 7.4 1036 -3.6 1020 2.0 1008.7 1.1 1040 3.3 1020 2.0 1989-90 1048 9.7 1048 0.0 1180 18.1 1131 4.4 1006 -1.4 1043.7 -3.6 1012 -2.7 1056 -4.2 1990-91 1140 8.8 1080 5.6 1213 2.8 1148 5.6 1105 4.7 1117 10.4 1067 4.7 1991-92 1051 -7.8 1013 3.8 1052 -13.3 1033 1.9 1056 3.6 1073 -3.9 1039 3.3 820 -13.4 42.7 912.3 11.0 0.1 485 Seasonal price (Tk./quintal) Kishoreganj Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Year Seasonal price (Tk./quintal) Market Patuakhali Mymensingh Barisal 669 9.7 772 6.7 797.3 -1.8 816 875 11.7 862.7 1.4 982 1992-93 847 -19.4 929 -8.8 833 -20.8 944.7 -11.8 1993-94 889 5.0 964.3 -7.8 949 13.9 981.3 1994-95 1157 30.1 1068 8.3 1162 22.4 1995-96 1159 0.2 1086 6.7 1144 1996-97 943 -18.6 1061 -11.1 -1.5 885 -22.6 485 13.9 755.33 20.3 932.67 9.8 1055.7 -4.4 1019 5.3 896 -15.2 1016.7 -11.9 927 -13.6 546 -12.5 -0.2 1037 -10.6 -3.3 1098 22.5 1090.3 0.7 1112 20.0 1109 0.3 1085 7.1 1277 16.3 1198.3 6.6 1287 15.7 1208 6.5 1064 7.6 1220 -4.5 1147.3 6.3 1225 -4.8 1163 5.3 1010 -12.3 945 -22.5 1160.3 -18.6 978 -20.2 1173 -16.6 1997-98 1082 14.7 1121 -3.5 1000 13.0 1098 -8.9 1316 39.3 1231.7 6.8 1316 34.6 1271 3.5 1998-99 1338 23.7 1172 14.1 1408 40.8 1183 19.0 1434 9.0 1308.7 9.6 1519 15.4 1350 12.5 1999-00 1097 -18.0 1161 -5.5 1141 -19.0 1183 -3.6 1176 -18.0 1232.7 -4.6 1215 -20.0 1267 -4.1 2000-01 1049 -6.1 1000 -12.4 1051 -4.9 1088 1155 -7.5 2001-02 1205 -4.4 1117 1012 1109 48 -7.5 1124.3 -3.2 1068 -12.1 1182 Appendix Table3d: Distribution of Marketwise Fluctuations of Boro Rice Prices in Boro Season of Jamalpur, Tangail, Faridpur and Dhaka Market during the Period of 1980-81 to 2001-02. Market 1980-81 541 480 1981-82 487 -10.0 585.7 -16.8 502 1982-83 729 796 58.6 1983-84 654 -10.3 717.3 1984-85 769 1985-86 818 1986-87 982 1987-88 1988-89 49.7 623.3 17.0 17.6 -8.8 747 2.9 6.4 856.3 -4.5 536 4.6 592.7 -15.3 661 20.4 685 -13.9 756.3 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) 8.3 626 -5.9 4.4 745 26.5 672.3 10.8 5.6 763.67 -0.7 683 -8.3 748.3 -8.7 815 7.5 760.33 19.6 776 1.5 878 -2.6 991 15.9 952.3 22.3 687.67 589 758 855 718 544 9.5 613.67 -4.3 -9.4 788 15.0 8.5 587 Seasonal price (Tk./quintal) Dhaka Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Faridpur 7.2 817 708 -13.1 822.33 -13.9 831 4.1 944 8.8 931 0.1 959 5.1 -3.3 4.9 1008 2.6 1008 0.0 1011 2.0 1011 0.0 951 0.7 1033 2.5 1007 2.6 1030 1.9 1014 1.6 955 0.4 954.33 0.1 1033 7.7 1016 1.6 1989-90 980 -5.1 1029 -4.8 1000 -2.9 1048 -4.6 957 0.2 982.67 -2.6 1057 2.3 1062 -0.5 1990-91 1074 9.6 1025 4.8 1115 11.5 1068 4.4 1036 1991-92 1021 -4.9 991.3 3.0 1088 1045 4.1 879 -13.9 995.3 -11.7 -2.4 931 -14.4 1051 -11.4 988 33.3 867.67 777 1.7 859.7 936 1992-93 20.0 Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Tangail Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Jamalpur 950 12.0 907 2.6 3.0 974.3 -1.6 8.3 993.67 4.3 1096 3.7 1071 2.3 -4.6 966.33 2.2 1061 -3.2 1026 3.4 875 -11.4 980.67 -10.8 920 -13.3 1022 -10.0 1993-94 1086 23.5 1087 -0.1 1135 21.9 1121 1.2 1079 23.3 1065 1.3 1085 17.9 1086 -0.1 1994-95 1295 19.2 1216 6.5 1298 14.4 1223 6.1 1241 15.0 1177 5.4 1254 15.6 1195 4.9 1995-96 1267 -2.2 1175 7.8 1236 1164 6.2 1211 -2.4 1131.7 7.0 1247 -0.6 1155 8.0 1996-97 964 -23.9 1171 -17.7 -4.8 957 -22.6 1151 -16.9 943 -22.1 1137.7 -17.1 1997-98 1281 32.9 1267 1.1 1260 31.7 1235 1998-99 1555 21.4 1331 16.9 1488 18.1 1311 13.5 1535 1999-00 1156 -25.7 1295 -10.8 1186 -20.3 1235 2000-01 1175 1032 -13.0 1111 -7.1 1125 2001-02 1103 1.6 1145 2.6 2.0 1259 1074 -10.3 1.1 1012 5.1 21.9 1328.3 15.6 1442 42.5 1209 19.3 -4.0 1191 -22.4 1283.7 -7.2 1173 -18.7 1241 -5.5 1135 -2.4 1116 1200 49 33.5 1245.7 963 -22.8 -5.5 1172 -4.0 1108 1123 -5.5 1139 -11.2 Appendix Table3e: Distribution of Marketwise Fluctuations of Boro Rice Prices in Boro Season of Sylhet, Comilla, Noakhali and Chittagang Market during the Period of 1980-81 to 2001-02. Market 1980-81 574 1981-82 602 1982-83 748 1983-84 654 -12.6 1984-85 1985-86 1986-87 517 523 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Chittagang 523 -6.1 612 18.4 610.3 0.3 624 19.3 623.67 0.1 625 19.5 643.7 -2.9 668 12.0 702 14.7 683.7 2.7 724 16.0 694.33 4.3 783 25.3 704.3 11.2 704 -7.1 737 5.0 718.3 2.6 735 1.5 741.67 -0.9 705 -10.0 728.3 -3.2 710 8.6 714.3 -0.6 716 -2.8 757.7 -5.5 766 4.2 764 0.3 697 -0.4 779 9.7 809 -3.7 820 14.5 -3.1 791 3.3 853 -7.3 697 938 20.4 896 4.7 1987-88 971 3.5 979 -0.8 1017 1.5 1988-89 1028 5.9 1004 2.4 1035 1.8 1989-90 1014 -1.4 1051 -3.5 1026 1990-91 1111 9.6 1057 5.1 1991-92 1046 -5.9 1027 1.9 924 -11.7 1021 1992-93 4.9 641.3 Seasonal price (Tk./quintal) Noakhali Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Deviation of seasonal price from moving average Comilla Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Sylhet 24.3 846 1002 22.2 946.3 -1.1 699.7 0.0 790.7 -11.8 5.9 1002 26.7 932.33 7.5 978 40.3 887.7 10.2 1018 -0.1 1004 0.2 1004.3 0.0 988 1026 0.9 1007 -0.9 1063 -3.5 1040 1128 9.9 1082 4.2 1161 11.6 1112.3 1093 -3.1 1059 3.2 1136 -2.2 -0.7 3.0 1026 -0.7 3.3 1069.3 -2.7 1071 5.2 1078 -0.6 4.4 1145 6.9 1097 4.4 4.1 1075 -6.1 1057 1.7 952 -11.4 -9.5 955 -12.6 1060 1051 -9.4 1093 18.3 1099 -0.5 1131 18.4 1131 0.0 1143 17.1 1140.3 0.2 1126 18.3 1122 0.3 1994-95 1280 17.1 1234 3.8 1306 15.5 1241 5.2 1302 13.9 1232 5.7 1289 14.5 1200 7.4 1995-96 1328 1286 1194 7.7 1251 -3.9 1139.3 9.8 1184 -8.1 1157 2.3 3.8 1188 11.8 955 -28.1 1176 -18.8 1997-98 1244 30.3 1194 1998-99 1382 1999-00 2000-01 1125 2001-02 1155 -1.5 991 -22.9 1221 -18.9 976 -14.1 1091 1993-94 1996-97 -9.9 1.0 994.7 1017 -1.0 1018 0.3 865 -30.9 1086 -20.3 1387 40.0 1293 11.1 1278 8.2 1502 1359 10.5 1396 1207 -12.7 1238 -2.5 1188 -20.9 1260 -3.2 1090 1151 -5.3 1125 -1.1 1133.7 -0.8 1042 1138 1075 -6.8 1162 -8.2 1149 -13.0 0.7 1263 26.4 1220 3.6 22.2 1225.3 13.9 1397 10.6 1265 10.5 -5.7 1138 -18.5 1219.7 -6.7 1134 -18.8 1191 -4.8 1084 -3.8 1176 50 32.0 1134.3 999 -15.6 4.2 8.3 7.2 1142 1085 -10.0 -8.1 Appendix Table3f: Distribution of Marketwise Fluctuations of Boro Rice Prices in Boro Season of Rangamati, Khagrachari and Bandarban Market during the Period of 1980-81 to 2001-02. Market 1980-81 528 1981-82 658 24.6 1982-83 884 34.3 747.7 18.2 1983-84 701 -20.7 754.3 1984-85 1985-86 528 -4.6 Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) 528 -4.6 658 24.6 683.67 -3.8 884 34.3 802.3 10.2 865 31.5 793.33 -7.1 865 -2.1 876 -1.3 857 -0.9 869.67 -1.5 678 -3.3 755.3 -10.2 879 1.6 877 0.2 887 3.5 878.67 887 30.8 824 7.6 887 0.9 921.7 -3.8 892 0.6 924.33 -3.5 1986-87 907 2.3 901 0.7 999 12.6 961.7 3.9 994 11.4 960 3.5 1987-88 909 0.2 941.7 -3.5 999 0.0 1015 -1.5 994 0.0 970 2.5 1988-89 1009 11.0 989.3 2.0 1046 4.7 1031 1.5 922 1989-90 1050 4.1 1065 -1.4 1048 0.2 1085 -3.4 995 995 0.0 1990-91 1137 8.3 1087 4.6 1162 10.9 1109 4.7 1068 7.3 1035.3 3.2 1991-92 1075 -5.5 1047 2.7 1118 1065 5.0 1043 -2.3 1005.3 3.7 928 -13.7 1030 1992-93 690 Seasonal price (Tk./quintal) Bandarban Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Seasonal price (Tk./quintal) Khagrachari Deviation of seasonal price from moving average Moving average price (3year) Changes from previous year %) Year Seasonal price (Tk./quintal) Rangamati 658 24.6 -3.8 690 0.9 -7.2 970.33 -5.0 7.9 -9.9 914 -18.2 1993-94 1088 17.2 1074 1.3 1122 22.8 1104 1.6 1022 12.9 1042.3 -2.0 1994-95 1205 10.8 1161 3.8 1277 13.8 1227 4.1 1200 17.4 1995-96 1191 -1.2 1107 7.6 1281 1168 9.6 1216 1996-97 926 -22.3 1114 -16.9 1997-98 1226 32.4 1198 1998-99 1443 17.7 1301 10.9 1999-00 1233 -14.6 1283 2000-01 1174 2001-02 1200 -4.8 1202 2.3 0.3 947 -26.1 1051 -13.1 9.0 1154 -17.9 905 -13.2 990 -8.6 1146 4.7 1.3 1129.3 7.7 972 -20.1 1149.3 -15.4 1233 30.2 1135 8.7 1260 29.6 1178.7 6.9 1224 -0.7 1187 3.1 1304 3.5 1220.3 6.9 -3.9 1105 -9.7 1151 -4.0 1097 -15.9 -2.4 1123 1.6 1143 -1.7 1201 929 -15.3 1008.7 -7.9 1000 51 1110 -1.2