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Food price fluctuations in Uzbekistan: Evidences from local markets in 2002-2010

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  • Mori-Clement, Yadira
  • Bhaduri, Anik
  • Djanibekov, Nodir

Abstract

This study identifies the main determinants of fluctuations of wheat, rice and beef prices in Uzbekistan. Our investigation is based on 2002-2010 weekly data from local markets in the Khorezm province. We applied autoregressive integrated moving average (ARIMA) models with exogenous variables such as water inflow, oil prices, market exchange rate and international prices of imported commodities. The results show that the price fluctuations are more sensitive to respective international prices, market exchange rate and oil prices. For reducing the price fluctuations, the creation and development of storage capacities and processing facilities require more emphasis in national policies.

Suggested Citation

  • Mori-Clement, Yadira & Bhaduri, Anik & Djanibekov, Nodir, 2014. "Food price fluctuations in Uzbekistan: Evidences from local markets in 2002-2010," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 183091, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae14:183091
    DOI: 10.22004/ag.econ.183091
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    References listed on IDEAS

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    1. Kienzler, Kirsten M. & Djanibekov, Nodir & Lamers, John P.A., 2011. "An agronomic, economic and behavioral analysis of N application to cotton and wheat in post-Soviet Uzbekistan," Agricultural Systems, Elsevier, vol. 104(5), pages 411-418, June.
    2. Mr. Shaun K. Roache, 2010. "What Explains the Rise in Food Price Volatility?," IMF Working Papers 2010/129, International Monetary Fund.
    3. World Bank, 2011. "World Development Indicators 2011," World Bank Publications - Books, The World Bank Group, number 2315.
    4. Nodir Djanibekov & Kristof van Assche & Ihtiyor Bobojonov & John Lamers, 2012. "Farm Restructuring and Land Consolidation in Uzbekistan: New Farms with Old Barriers," Europe-Asia Studies, Taylor & Francis Journals, vol. 64(6), pages 1101-1126.
    5. Bobojonov, Ihtiyor & Aw-Hassan, Aden, 2014. "Impacts of climate change on farm income security in Central Asia: An integrated modeling approach," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 188, pages 245-255.
    6. Djanibekov, Nodir & Sommer, Rolf & Djanibekov, Utkur, 2013. "Evaluation of effects of cotton policy changes on land and water use in Uzbekistan: Application of a bio-economic farm model at the level of a water users association," Agricultural Systems, Elsevier, vol. 118(C), pages 1-13.
    7. Nodir DJANIBEKOV, 2008. "A Micro-Economic Analysis of Farm Restructuring in Khorezm Region, Uzbekistan," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 19-24.
    8. von Braun, Joachim & Tadesse, Getaw, 2012. "Global Food Price Volatility and Spikes: An Overview of Costs, Causes, and Solutions," Discussion Papers 120021, University of Bonn, Center for Development Research (ZEF).
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    Cited by:

    1. Vasilii Erokhin, 2017. "Factors Influencing Food Markets in Developing Countries: An Approach to Assess Sustainability of the Food Supply in Russia," Sustainability, MDPI, vol. 9(8), pages 1-13, August.
    2. Svanidze, Miranda & Götz, Linde & Djuric, Ivan & Glauben, Thomas, 2019. "Food security and the functioning of wheat markets in Eurasia: a comparative price transmission analysis for the countries of Central Asia and the South Caucasus," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 11(3), pages 733-752.
    3. repec:zbw:iamodp:285032 is not listed on IDEAS
    4. Djanibekov, Utkur & Finger, Robert, 2018. "Agricultural risks and farm land consolidation process in transition countries: The case of cotton production in Uzbekistan," Agricultural Systems, Elsevier, vol. 164(C), pages 223-235.

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    Demand and Price Analysis;

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