| This study is an evaluation of Thailand's maize export agreement policy through economic analyses of prices and markets for Thai maize. Maize export agreements between Thailand and Japan since 1966 and recently Taiwan has played an important role to the overall development of Thai maize. These agreements feature two important policy elements, (a) an export quota and (b) a fixed export price. Some disagreements now exist, however, as to whether these export agreements are more or less desirable for Thailand than free trade. Statistical analyses of the wholesale-export price linkages of maize in Bangkok, using monthly contract data during 1970-1974 crops years, showed that the Bangkok wholesale maize prices were heavily influenced by fixed formula export... |
