Price regulation for rice: a market protection formula

The purpose of the article is to develop and present an effective mechanism for regulating rice prices that will contribute to the protection of national interests and sustainable development of agriculture. The main objective is to propose a formula that takes into account trade and market conditions, which will allow setting a fair and safe price for rice in the face of increased competition.

The methods of the article included collecting and processing statistical data on rice trade and its cost from wholesalers for 2022-2024 using official sources such as stat.gov.kz and quantitative analysis methods. Descriptive and inferential statistics, were used to identify patterns and trends, which made it possible to conduct a comparative analysis of economic indicators and formulate reasonable conclusions and forecasts.

The findings of the study showed that when increasing prices for agricultural products, it is necessary to take into account a set of factors to determine the optimal price (the "OP" index), which will avoid negative consequences for the economy and the market. The developed formulas for calculating the cost of products from the EAEU countries and third countries will help producers and government agencies make informed decisions to protect the domestic market and long-term sustainable development.

The conclusions of the article emphasize its practical and methodological significance. The developed formula can be useful not only for rice producers, but also for other participants in the agricultural sector, as well as for government agencies for the purpose of market analysis, preventing product shortages and stabilizing prices, helping scientists and experts to make calculations and provide recommendations on import and export regulation.

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