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On the Optimal Size of a Buffer Stock- The Case of Wheat in Pakistan

Author

Listed:
  • PETER A. CORNELISS

    (Erasmus University, Rotterdam)

  • BART KUIJPERS

    (Professor Cornelisse.)

Abstract

In a study of the operation of the wheat market in Pakistan, Cornelisse and Naqvi [1, p. 116] stated that the pre-harvest wheat stock in March 1983 of 2,100,000 tons should provide sufficient protection against a major harvest failure. This conclusion was based on the observation that a stock of that size corresponded to approximately 40 percent of the marketed surplus of wheat and to 17 percent of domestic production - very secure proportions according to the prevailingstandards.

Suggested Citation

  • Peter A. Corneliss & Bart Kuijpers, 1985. "On the Optimal Size of a Buffer Stock- The Case of Wheat in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 24(3-4), pages 335-348.
    • Handle: RePEc:pid:journl:v:24:y:1985:i:3-4:p:335-348
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