We investigate the determinants of Russian regional wheat flows focusing on the role played by transport costs and regional infrastructure. We adapt the Anderson & van Wincoop (2003) gravity model to regional trade by considering a regional border effect and by assuming that trade costs are also...

Due to an increase in export shares of Kazakhstan, Russia and Ukraine (KRU) the competition in global wheat market has become more intense during the last decade. Hence, this study aims to analyze the market structure of KRU over the period 2004-2010. By using the gravity trade model and Poisson...

As a result of some important changes in the international wheat market, market shares of leading exporters have recently altered. The Black Sea region countries – Kazakhstan, Russia and Ukraine have become important wheat exporters. Consequently, the pricing behavior of these countries has...

This study employs the econometric framework of price transmission to analyze spatial integration of major wheat growing markets in Russia. Russian government frequently intervenes to regulate trade relations by restricting export of wheat abroad in the periods of deficit of supply. Different...

In this paper we aim to investigate the demand for crop insurance in Russia, identifying primary influencing factors. We use a cross sectional yearly data set on participation in crop insurance and agricultural production for about 60 regions (oblasts) of Russia for the years 2008-2011. We...

Only few models exist which allow for a regime-dependent spatial price equilibrium. This paper focuses on the price insulating effects of export restrictions. Theory suggests that export restrictions lead to multiple spatial equilibria between the domestic and the world market price. Our...

The impact of export restrictions on market uncertainty has not been investigated before. This paper analyses the development of price volatility in the Ukrainian wheat market characterized by export restrictions during the commodity price peaks 2007/08 and 2010/11 within a dynamic conditional...

We analyze how the governmental market interventions, during the commodity price peaks 2007/2008 and 2010/2011, have affected the transmission of price changes along the wheat-to-bread supply chain in Serbia. We aim to investigate if consumers benefitted from the wheat and flour export...

Traditionally, the international wheat market has been considered a good example of a market with perfect competition. Yet, several articles provide evidence of imperfect competition and price discrimination in the wheat trade. However, these studies focused on traditional high-quality wheat...

ABSTRACT Seasonal variations of the price premium for bread and feed wheat indicate opportunities to profitably adjust the grain marketing strategy of farmers that harvest (and store) both wheat types. In this article, we estimate the seasonal pattern of wheat price premiums on the German market...