The Economic Effects of Public Stockholding Policies for Rice in Asia by OECD

Author:OECD
Language: eng
Format: epub
Tags: finance/development/trade/economics/agriculture
Publisher: OECD Publishing
Published: 2018-10-17T16:00:00+00:00

Stock volumes

There are four variables related to stock included in the model: total stock volume, public stock volume, private stock volume, and public stock norm. The Aglink-Cosimo database contains historic and projection data for total stock volumes. Historic public stock data were collected from the AMIS Market Database,4 official governmental sources, and USDA'S Global Agriculture Information Network (GAIN) reports. To extend public stock data over the projection period, the share of public stocks in total stocks over the last five years was calculated and the average of this share was then maintained over the projection period. Private stock data were calculated as the difference between total stocks and public stocks. Information on the public stock norm was converted into days of national food consumption. The most recent norm figure was used for the projections. Since projections of national food consumption are included in Aglink-Cosimo, the projections of the norm follow the same trend.

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