Reserves, prices, and policy: An empirical analysis of strategic crop reserves in Arab nations

Fatih Chellai ()
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Fatih Chellai: Department of Basic Education, Ferhat Abbas University, Algeria

Economic and Regional Studies / Studia Ekonomiczne i Regionalne, 2024, vol. 17, issue 2, 207-221

Abstract: Subject and purpose of work In recent years, global food systems have faced challenges like disasters, extreme weather events, and market fluctuations, such as the Ukraine-Russia conflict. This study analyses strategic crop reserves, specifically for wheat and rice, in Arab countries. It examines the objectives and obstacles associated with these reserves. Material and methods different statistical methods have been used, including regression analysis and neural network prediction models. Results Findings reveal significant agricultural production deficits in Arab economies. However, some countries maintain substantial crop reserves. We found an inverse relationship between wheat reserves and wheat prices. Additionally, energy prices correlate positively with agricultural commodity prices. Forecasting models anticipate short-term global grain stock stability but predict short-term increases in agricultural price indices (until 2024) followed by long-term decreases (by 2030). Conclusions Policymakers should support agricultural strategies, particularly for strategic crops. To address current challenges, we suggest securing long-term contracts for strategic crops, diversifying suppliers, and avoiding reliance on a few sources.

Keywords: strategic food; food reserve; food security; Arab countries (search for similar items in EconPapers)
JEL-codes: C1 E3 Q1 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecoreg:v:17:y:2024:i:2:p:207-221:n:1002

DOI: 10.2478/ers-2024-0012

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