Yield Variability and Harvest Failures in Russia, Ukraine and Kazakhstan and Their Possible Impact on Food Security in the Middle East and North Africa
Sergio René Araujo‐Enciso and
Authors registered in the RePEc Author Service: Sergio René Araujo Enciso ()
Journal of Agricultural Economics, 2020, vol. 71, issue 2, 493-516
Exports from Russia, Ukraine and Kazakhstan (RUK) help to improve global wheat availability and, hence, global food security. During the past 15 years, however, RUK wheat exports have shown high variability, mainly because they have been repeatedly diminished by severe harvest failures. We present an outlook for RUK wheat production and exports up to 2027, taking into account possible yield variability and harvest failures, and focusing on the impact on food security in the Middle East and North Africa (MENA), the world’s major wheat importing region. For the analysis we use the stochastic version of the Aglink‐Cosimo model. Simulation results show that wheat yields in RUK are a major source of uncertainty for international wheat markets. The projected substantial increases in world market prices due to limited RUK wheat exports threaten food security in MENA and highlight the need for both stabilising RUK yields and novel complementary food security approaches to decrease MENA’s vulnerability to disruptions in agricultural world markets.
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jageco:v:71:y:2020:i:2:p:493-516
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