ORIGINAL ARTICLE
RESERVES, PRICES, AND POLICY: AN EMPIRICAL ANALYSIS OF STRATEGIC CROP RESERVES IN ARAB NATIONS
 
 
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Department of Basic Education, Ferhat Abbas University, Algeria
 
 
Submission date: 2023-11-13
 
 
Final revision date: 2024-04-17
 
 
Acceptance date: 2024-05-13
 
 
Online publication date: 2024-06-28
 
 
Publication date: 2024-06-28
 
 
Corresponding author
Chellai Fatih   

Department of Basic Education, Ferhat Abbas University, El baz Campus, 19001, Sétif, Algeria
 
 
Economic and Regional Studies 2024;17(2):207-221
 
KEYWORDS
JEL CLASSIFICATION CODES
C1
E3
Q1.
 
TOPICS
ABSTRACT
Subject and purpose of work: In recent years, global food systems have faced challenges like disasters, extreme weather events, and market fluctuations, such as the Ukraine-Russia conflict. This study analyses strategic crop reserves, specifically for wheat and rice, in Arab countries. It examines the objectives and obstacles associated with these reserves. Materials and methods: Different statistical methods have been used, including regression analysis and neural network prediction models. Results: Findings reveal significant agricultural production deficits in Arab economies. However, some countries maintain substantial crop reserves. We found an inverse relationship between wheat reserves and wheat prices. Additionally, energy prices correlate positively with agricultural commodity prices. Forecasting models anticipate short-term global grain stock stability but predict short-term increases in agricultural price indices (until 2024) followed by long-term decreases (by 2030). Conclusions: Policymakers should support agricultural strategies, particularly for strategic crops. To address current challenges, we suggest securing long-term contracts for strategic crops, diversifying suppliers, and avoiding reliance on a few sources.
 
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ISSN:2083-3725
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