Supply Responses to Changes in Agricultural Commodity Prices in Asian Countries

Document Type : Research Paper

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Abstract

Food price Variable as a key factor that affect supply and demand for food and agricultural products has been regarded by policy makers. objective of the Present study is to examine Supply responses to price changes in selected Asian countries for agricultural commodities, Wheat, maize and rice by Using the panel data for the period of 1997-2010.results shows that yield response to  price changes is in Asian countries0.53, for rice 0.12 and wheat 0.02.Sience, One percent increase in prices of rice, wheat and maize in Asia countries, yield of this commodities  less extent increase, therefore, policy perspective of this study is Special price policy should be done To protect and increase the supply of food grains in developing countries.

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