The paper simulates the possible sorghum price change and the related probability of occurrence under different rainfall scenarios and in a context of price uncertainty on international markets. The empirical investigation is based on the stochastic approach. Results underline an expected...

This paper simulates the possible sorghum price change and the related probability of occurrence under different rainfall scenarios and in a context of price uncertainty in international markets. The empirical investigation is based on the stochastic approach. Results indicate an expected...