 World Foodgrain Prices – The Effect of Exporting Countries’ PoliciesC.S.C. Sekhar (sekharcsc9@gmail.com) Indian Economic Review, 2011, vol. 46, issue 2, 217-242 Abstract: The present study attempts to analyze the role of major exporting countries’ stocks and exports on world price, with a special focus on the world grain markets. The analysis uses the structural econometric modeling framework. The results confirm the crucial importance of the level of exporters’ stocks and their trade policies for the world market stability. The study brings out some important basic differences between wheat and rice markets as regards exporting countries’ policies and their influence on the world market. The results are also supported by the long-term developments in the two markets. Given the importance of stocks and flows in the world foodgrain markets, one crucial policy implication of the study is that a new institutional framework for managing world food stocks needs to be urgently evolved. Keywords: Price formation; World Foodgrain Markets; Foodgrain Trade; Global Food Stocks; Regional Food Stocks. (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:dse:indecr:0037 Ordering information: This journal article can be ordered from Access Statistics for this article Indian Economic Review is currently edited by Pami Dua (Editor) & Ram Singh (Associate Editor) and Sunil Kanwar More articles in Indian Economic Review from Department of Economics, Delhi School of Economics University of Delhi, Delhi 110 007. Contact information at EDIRC. |
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