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Reserves, prices, and policy: An empirical analysis of strategic crop reserves in Arab nations Cover

Reserves, prices, and policy: An empirical analysis of strategic crop reserves in Arab nations

By: Chellai Fatih  
Open Access
|Jul 2024

Abstract

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.

DOI: https://doi.org/10.2478/ers-2024-0012 | Journal eISSN: 2451-182X | Journal ISSN: 2083-3725
Language: English
Page range: 207 - 221
Submitted on: Nov 1, 2023
Accepted on: May 1, 2024
Published on: Jul 11, 2024
Published by: John Paul II University of Applied Sciences
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2024 Chellai Fatih, published by John Paul II University of Applied Sciences
This work is licensed under the Creative Commons Attribution 4.0 License.