-
Recent Posts
Archives
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
Tag Archives: Sinuiju
July to July assessment, 2014
Last July, we provided an assessment of the yearly changes in rice prices and speculated on what the movements revealed about the market conditions in North Korea. In that article, we noted then that the nominal price of rice had … Continue reading
Posted in Rice
Tagged dollar, Exchange Rate, food price, Hyesan, KPW, price volatility, Pyongyang, Sinuiju
Leave a comment
Monetary stability and food security
Three North Korean cities are weathering the test of the lean season. According to Daily NK, rice prices in Pyongyang, Sinuiju, and Hyesan have remained below 4000 KPW/kg in the second week of May, falling slightly below what they had … Continue reading
Posted in Rice
Tagged China, Dandong, Exchange Rate, export, food imports, food price, gold, Hyesan, KPW, markets, price volatility, Public Distribution System, Pyongyang, Sinuiju
Leave a comment
The worrisome decline in food consumption in 2013
One inevitably runs into a myriad of unknowns when researching any aspect of North Korea – we at Rice and Iron are certainly no strangers to inconsistencies in data. This post will quickly shed light on one such mystery. Conventional … Continue reading
Posted in Rice
Tagged Amartya Sen, Budget, Chong-Ae Yu, Crop and Food Security Assessment Mission, ecology, Entitlement, environmental consequences, Exchange Rate, fiscal policy, food consumption score, food price, Hyesan, Meredith Woo-Cumings, methodology, nutrition, price volatility, Public Distribution System, Pyongyang, Sinuiju
3 Comments
After Jang Sung-taek: Can North Korea brave the economic tempest?
We may not find out why Jang Sung-taek was so dramatically purged from the upper echelons of power last December until both the regime and the DPRK are safely contained within the pages of history books (or tablets, who knows … Continue reading
Posted in Rice
Tagged 6.28 Policy, agricultural policy, Andrei Lankov, Bradley Babson, Budget, Cantillon Effect, case study, China, currency crisis, East Germany, energy, energy production, Erich Honecker, Exchange Rate, fertilizer, financial system, fiscal policy, foreign investment, fuel shortage, Hayami, inflation, Jang Sung-taek, June 28 Policy, Khrushchev, Kim Jong-un, Marcus Noland, mechanization, monetary policy, political economy, price volatility, Public Distribution System, Pyongyang, Randall Ireson, reform, reforms, Ruediger Frank, Russia, Sinuiju, South Korea, Soviet Union, special economic zones, steel, subsidies, Supreme People’s Assembly
7 Comments
The Specter of Inflation: Soviet case study and a modern solution
Permit me to start this post with a disclaimer. One faces several problems when using historical analogies to analyze current phenomenons. Not least of all, there is the difficulty of extricating oneself from variables and trends derived from historical models … Continue reading
Posted in Rice
Tagged Brezhnev, case study, Chile, China, cryptocurrency, Exchange Rate, food price, Hyesan, inflation, Khrushchev, monetary policy, price volatility, Pyongyang, reforms, Robert Schiller, second economy, Sinuiju, Soviet Union, Stalin, Unidad de Fomento
4 Comments
July to July assessment
In July of 2012, DailyNK sources in the DPRK reported a sudden surge in rice prices. Compared to the per kilogram (kg) price of rice in June 2012, Pyongyang faced a 65.63% increase while Sinuiju recorded a 26.47% increase and … Continue reading
Posted in Rice
Tagged Exchange Rate, food price, Hyesan, inflation, price volatility, Pyongyang, Sinuiju, yuanization
2 Comments
Inflation Update
It’s a new year – but Pyongyang isn’t showing any signs of substantive change. Although public statements from Kim Jong-un call for peace, reports of a possible nuclear weapons test and rocket launches neutralize any possible political changes on the … Continue reading
Posted in Rice
Tagged economy, Exchange Rate, Food and Agriculture Organization, food price, Hyesan, inflation, Kim Jong-un, Pyongyang, Sinuiju, World Food Programme
Leave a comment
Rice & Iron 