Russia’s cereal markets: current trends, changes in net-trade position, and policy implications

This paper provides an overview of the most recent developments on Russian cereal markets. A review of annual statistics on domestic production, trade, consumption, and storage of cereals reveals that the improvement in Russia’s net trade position cannot only be explained by increased productivity of grain producers. Exhausted storage capacities and lowered real trade costs after the devaluation of the Russian rouble in 1998 seem to have contributed to these developments. A computable general equilibrium model for Russia based on 1999 data was used for analyzing various economic developments and policy changes. The model simulations show that market protection in the short run, when the flexibility of labor and capital is restricted, may benefit Russian farmers. If, however, in the long run such structural rigidities can be abolished, a more liberal trade regime would also be positive for the domestic farm sector.


Variant title:
Russlands Getreidemärkte: Gegenwärtige Entwicklungen, Änderung der Nettohandelsposition und Auswirkungen auf die Marktpolitik
Issue Date:
2004
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 0002-1121 (Other)
PURL Identifier:
http://purl.umn.edu/97439
Published in:
German Journal of Agricultural Economics, Volume 53, Number 4
Page range:
169-182
Total Pages:
14




 Record created 2017-04-01, last modified 2017-10-18

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