Impact of Russia and Ukraine on the international price formation and the EU markets - A Model based analysis

Martin Banse (), Petra Salamon, Oliver von Ledebur, Myrna van Leeuwen, Foppe Bouma, Guna Salputra, Thomas Fellmann and Olexandr Nekhay

No 122536, 123rd Seminar, February 23-24, 2012, Dublin, Ireland from European Association of Agricultural Economists

Abstract: This paper examines the effect of the future developments of Russian and Ukrainian agricultural sectors and their impact on the world market prices for arable crops. Employed in the study is AGMEMOD, a partial equilibrium economic model of EU agriculture at the Member State level that has been extended by Russia and Ukraine to gain quantitative insights. Vital for the project has also been the integration of an endogenous world market price module including a stylized Rest of the World (ROW) model. In Russia and Ukraine, there is a strong focus on plant production in general and on grain based animal production; Russia and Ukraine are mostly net-exports of those products. Under the baseline, in Russia prices for crops and oilseeds are below the world market price level. In general, the removals of the trade measures in Russia and Ukraine are projected to induce world market prices of cereals and oilseeds to decline.

Keywords: Agricultural and Food Policy; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 19
Date: 2012-02-23
New Economics Papers: this item is included in nep-cwa and nep-tra
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaa123:122536

DOI: 10.22004/ag.econ.122536

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