Japan Agricultural Research Quarterly: JARQ
Online ISSN : 2185-8896
Print ISSN : 0021-3551
ISSN-L : 0021-3551
Agricultural Economics
The Impact of Renminbi Appreciation on the World Rice Market
Yongfu CHENHsiaoping CHIENJun FURUYAOsamu KOYAMA
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2009 年 43 巻 4 号 p. 329-336

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The World Rice Model (WRM) was developed based on a partial equilibrium approach in this paper. The impact of a Renminbi (Chinese Yuan) appreciation scenario on the world rice market was projected to 2020 by WRM. The result indicates that Renminbi appreciation in the short term will lead to a drastic change in the international rice price index. When the Renminbi appreciation rate is greater than 4%, the international rice price index will continue to rise; when it is greater than 8%, China will become the largest rice importer in the world.
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© 2009 Japan International Research Center for Agricultural Sciences
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