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9:30 – 9:45 Objectives and Agenda of the ASEAN Rice Trade Forum
Ms. Siribhusaya Ungphakorn, Senior Trade Officer, Department of Foreign
Trade, Ministry of Commerce, Thailand and AFSRB Secretariat
10:15 – 12:00 Session 1: Regional and global rice market situation and outlook
Dr. Eric Wailes, Distinguished Professor at the University of Arkansas and ADB
Consultant, will present the current situation and outlook of the regional and global rice
market based on public policies, macroeconomic conditions, and other key drivers of
the rice market in 2012−2013. The 10-year outlook of the rice market is produced using
the Arkansas Global Rice Market (AGRM) model.
Discussants:
Dr. Apichart Pongsrihadulchai, Consultant, ASEAN Food Security Information
System (AFSIS) Project
Mr. David Van, Senior Advisor for Rice Sector (Cambodia), Bower Group Asia
Moderator: Dr. Bui Ba Bong, former Vice Minister of the Ministry of Agriculture and
Rural Development of Vietnam and staff, FAO Regional Office for Asia and the Pacific
(FAO-RAP)
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DRAFT
13:30 – 15:15 Session 2: How resilient is the region to extreme rice price volatility?
Dr. Ramon Clarete, Professor at the University of the Philippines School of Economics
and ADB Consultant, will assess the resiliency of the regional rice market to extreme
price fluctuations using the AGRM model. A range of supply shocks triggered by
national rice policy measures in key producing countries in the region as well as in the
People’s Republic of China and India are introduced into the model to assess their
expected impact on rice imports, exports, consumption, and prices.
Discussants:
Mr. Pich Rithi, Chair, ASEAN Senior Economics Official Meeting (SEOM) and
Director General, Ministry of Commerce, Kingdom of Cambodia
15:30 – 17:00 Session 3: Climate change and price volatility: What are the benefits and
limitations of the ASEAN Plus Three Emergency Rice Reserve (APTERR)?
Dr. Roehl Briones, Senior Research Fellow at the Philippine Institute for Development
Studies and ADB Consultant, will discuss the strengths and weaknesses of the
APTERR in managing production and price risks. Using his and Eric Wailes’s
simulations, Roehl Briones will show the impacts on the rice market of APTERR
releases, discuss the advantages and limitations of the APTERR, and provides some
thoughts about the appropriate size of the regional reserve. The presentation concludes
by discussing the need for coordination of policies beyond pooling of emergency rice
stocks to address collateral market repercussions of severe calamities.
Discussants:
Mr. Elliot Vhurumuku, Regional Programme Advisor, Vulnerability Analysis and
Mapping (VAM), World Food Programme, Regional Bureau for Asia
Dr. Khieu Borin, Official, Cambodia Rice Millers Association and Vice President
and CEO, Domnak Teuk Company Co., Ltd.
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DRAFT
8:30 – 10:00 Session 4: Commodity Exchanges: Options for addressing price risks and
price volatility in rice
Taking off from the findings of the prefeasibility study of ASEAN rice futures
trading conducted under an ADB technical assistance, Mr. Framroze Pochara,
ADB Consultant and former executive director of the Singapore Mercantile
Exchange and CEO of the Dubai Gold and Commodities Exchange, will discuss
immediate and practical approaches for addressing price risks. Possible
examples are developing a rice price index, exploring the doability of rice swaps,
and standardizing rice grades and standards.
Discussants:
Mr. Masahiro Yamashita, General Manager, Tokyo Grain Exchange
19:00 Dinner
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