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

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  • Kemeny, Gabor
  • Fogarasi, Jozsef
  • Varga, Tibor
  • Toth, Orsolya
  • Toth, Kristof

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.

Suggested Citation

  • Kemeny, Gabor & Fogarasi, Jozsef & Varga, Tibor & Toth, Orsolya & Toth, Kristof, 2012. "International wheat price volatility and the increasing export of Russia, Kazakhstan and Ukraine," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122550, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaa123:122550
    DOI: 10.22004/ag.econ.122550
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    References listed on IDEAS

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    4. James R. Jones & Shuang L. Li & Stephen Devadoss & Charlotte (Jensen) Fedane, 1996. "The Former Soviet Union and the World Wheat Economy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 869-878.
    5. Starleaf, Dennis R., 1982. "Macroeconomic Policies and Their Impact Upon the Farm Sector," 1982 Annual Meeting, August 1-4, Logan, Utah 279148, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Dennis R. Starleaf, 1982. "Macroeconomic Policies and Their Impact Upon the Farm Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(5), pages 854-860.
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    Cited by:

    1. Mittal, S & Hariharan, VK & Subash, SP, 2018. "Price volatility trends and price transmission for major staples in India," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 31(1).
    2. Piotr Borawski & Wojciech Gotkiewicz & James W. Dunn & Theodore Alter, 2015. "The Impact of Price Volatility of Agricultural Commodities in Polandon Alternative Incomes of Conventional, Ecological and AgritourismFarms," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 1(4), pages 299-310, April.
    3. Istvan Feher & Andrew Fieldsend, 2019. "The potential for expanding wheat production and exports in Kazakhstan," JRC Research Reports JRC113009, Joint Research Centre.

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