International wheat price volatility and the increasing export of Russia, Kazakhstan and Ukraine

Gabor Kemeny, József Fogarasi, Tibor Varga, Orsolya Toth and Kristof Toth

No 122550, 123rd Seminar, February 23-24, 2012, Dublin, Ireland from European Association of Agricultural Economists

Abstract: Increasing price volatility of agricultural commodities over the last decade has focused a growing body of literature to identify the influencing factors of price variability. We analyze the effect of increasing wheat export from the Former Soviet Union (FSU) countries to the international wheat market and price volatility. The major wheat producer and exporter FSU countries, Russia, Ukraine and Kazakhstan have experienced increasing share on the international wheat market. An ordinary least square method is applied to estimate the influence of wheat export from Russia, Ukraine and Kazakhstan on the international wheat price volatility. We found evidence of positive relationship between international wheat price and the expanding net wheat export from FSU.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 9
Date: 2012-02-23
New Economics Papers: this item is included in nep-agr, nep-cwa and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaa123:122550

DOI: 10.22004/ag.econ.122550

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