Wheat is a key staple food in Afghanistan, accounting for over half the caloric intake of the population. Although Afghanistan imports wheat and flour from a number of neighboring countries, Pakistan tends to supply more than half of these imports. Afghanistan's food supply network broke down in...

Russian agriculture has seen substantial changes since the breakup of the Soviet Union. This paper studies the spatial integration and price volatility of the Russian wheat markets. Despite the vast distances between regions the results do not show significant price variations between regions....

Inflation, as measured by year-on-year variations in the whole sale price index (WPI), had declined sharply to 0.8 per cent by end-March 2009 from the peak of 12.9 per cent on August 2, 2008. In 2009-10, it further declined and turned negative in early-June 2009 and continues to remain negative...

How can countries cope in the short and medium term with the sharp rise in wheat prices? The global movements of the past suggest that in the case of wheat, prices are influenced by the stock and output policies of just a handful of countries. It would be dangerous for large countries like China...

Analysis of price transmission in transition countries is often complicated by unstable policy environments. We use a Markov-switching vector error-correction model (MSVECM) to model multiple regime shifts in the relationship between wheat and wheat flour prices in Ukraine from June 2000 to...

The close relationship between commodity future and cash prices is critical for the effectiveness of risk management and the functioning of price discovery. However, in recent years, commodity futures prices, across the board, have appeared increasingly detached from prices on physical markets....

Russia has become the world's biggest wheat exporter, and it has a chance to remain as such. A downswing trend in global food markets and a weakened effect of ruble devaluation may reduce success rates of Russia's grain exports in years to come