We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first results is that export...

Russia has moved from being a large importer of grain, soybeans, and soybean meal during the late Soviet period to a major grain exporter. The country has become the world's top wheat exporter, supplying 20-23 percent of total world exports in 2017-2018. This article examines how Russia's...

In 2016, the People’s Republic of China removed its support prices for maize and started destocking its large public reserves of maize. This paper investigates what would happen if China were to also eliminate its support prices for rice and wheat and reduce its public stocks of these two...