Economics at your fingertips  

Global Grain Stocks and World Market Stability Revisited

Steve Martinez and Jerry A. Sharples

No 51144, Working Papers from International Agricultural Trade Research Consortium

Abstract: The world's grain stocks are providing more world market stability than they did prior to 1978. Even though the volatility of world grain production increased since 1978, global consumption volatility declined. Grain production variability in the Soviet Union, United States, and Argentina appear to be major potential sources of instability to world grain markets, though much production variability in the Soviet Union and the U.S. is offset by their own stock adjustments. U.S. stocks have played a major stabilizing role on world grain markets. EC grain stocks in recent years have also played a stabilizing role. Reductions in U.S. and EC grain stock levels, a possible result of trade liberalization talks, could have important implications for market stability in the future.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 35
Date: 1991
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.22004/ag.econ.51144

Access Statistics for this paper

More papers in Working Papers from International Agricultural Trade Research Consortium Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

Page updated 2022-01-09
Handle: RePEc:ags:iatrwp:51144