Reserves, prices, and policy: An empirical analysis of strategic crop reserves in Arab nations
| 11 lip 2024
Data publikacji: 11 lip 2024
Zakres stron: 207 - 221
Otrzymano: 01 lis 2023
Przyjęty: 01 maj 2024
DOI: https://doi.org/10.2478/ers-2024-0012
Słowa kluczowe
© 2024 Chellai Fatih, published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 International License.
Subject and purpose of work
In recent years, global food systems have faced challenges like disasters, extreme weather events, and market fluctuations, such as the Ukraine-Russia conflict. This study analyses strategic crop reserves, specifically for wheat and rice, in Arab countries. It examines the objectives and obstacles associated with these reserves.
Material and methods
different statistical methods have been used, including regression analysis and neural network prediction models.
Results
Findings reveal significant agricultural production deficits in Arab economies. However, some countries maintain substantial crop reserves. We found an inverse relationship between wheat reserves and wheat prices. Additionally, energy prices correlate positively with agricultural commodity prices. Forecasting models anticipate short-term global grain stock stability but predict short-term increases in agricultural price indices (until 2024) followed by long-term decreases (by 2030).
Conclusions
Policymakers should support agricultural strategies, particularly for strategic crops. To address current challenges, we suggest securing long-term contracts for strategic crops, diversifying suppliers, and avoiding reliance on a few sources.