INSTABILITY IN WORLD GRAIN MARKETS

David Blandford

Research output: Contribution to journalArticle

24 Citations (Scopus)

Abstract

The paper discusses the nature of international price variability for wheat and coarse grains. In particular, it explores the relationship between variability in national grain markets and international trade. Empirical evidence is presented on the degree to which short‐run fluctuations in domestic grain production are transmitted to the world market by major countries or country aggregates, and on their absorption of international market variability. The impact of possible structural or policy changes upon future international price variability is explored. It is argued that multilateral action to promote greater international stability should focus on the modification of domestic storage policies to reduce the transmission of short‐run domestic fluctuations in supply or demand to world markets.

Original languageEnglish (US)
Pages (from-to)379-395
Number of pages17
JournalJournal of Agricultural Economics
Volume34
Issue number3
DOIs
StatePublished - Sep 1983

Fingerprint

world markets
markets
Triticum
international trade
wheat
Grain market
Fluctuations
World market

All Science Journal Classification (ASJC) codes

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

Cite this

Blandford, David. / INSTABILITY IN WORLD GRAIN MARKETS. In: Journal of Agricultural Economics. 1983 ; Vol. 34, No. 3. pp. 379-395.
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INSTABILITY IN WORLD GRAIN MARKETS. / Blandford, David.

In: Journal of Agricultural Economics, Vol. 34, No. 3, 09.1983, p. 379-395.

Research output: Contribution to journalArticle

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