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Rice Prices Rising In North Korea

Summary:
According to nkecon, on April 30 the price of rice in the DPRK was 4070 won per kg, but as of June 25 it had risen 26 percent to 5147 won per kg, the highest in many years.  The price of corn has also sharply risen although not quite as high abovee recent levels as has the price of rice.  However, the price of pork has fallen, reflecting standard corn-hog relations, and per capita incomes appear to have fallen.  Crop failures have now been passing through to consumers in higher prices.And in the meantime Kim Jong Un has sent an "excellent letter" to Donald Trump, who is traveling from the G20 summit  in Osaka with South Korean President Moon, who would like there to be another Kim-Trump summit. Apparently Trump will visit  the DMZ, the most heavily fortified place on earth, which Trump

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According to nkecon, on April 30 the price of rice in the DPRK was 4070 won per kg, but as of June 25 it had risen 26 percent to 5147 won per kg, the highest in many years.  The price of corn has also sharply risen although not quite as high abovee recent levels as has the price of rice.  However, the price of pork has fallen, reflecting standard corn-hog relations, and per capita incomes appear to have fallen.  Crop failures have now been passing through to consumers in higher prices.

And in the meantime Kim Jong Un has sent an "excellent letter" to Donald Trump, who is traveling from the G20 summit  in Osaka with South Korean President Moon, who would like there to be another Kim-Trump summit. Apparently Trump will visit  the DMZ, the most heavily fortified place on earth, which Trump has now said is a model for how the US-Mexican border should be.

Barkley Rosser

rosserjb@jmu.edu
I remember how loud it was. I was a young Economics undergraduate, and most professors didn’t really slam points home the way Dr. Rosser did. He would bang on the table and throw things around the classroom. Not for the faint of heart, but he definitely kept my attention and made me smile. It is hard to not smile around J. Barkley Rosser, especially when he gets going on economic theory. The passion comes through and encourages you to come along with it in a truly contagious way. After meeting him, it is as if you can just tell that anybody who knows that much and has that much to say deserves your attention.

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