Price Discrimination and Pricing to Market Behavior of Black Sea Region Wheat Exporters

As a result of some recent changes in the international wheat market, market shares of leading wheat exporters have recently altered. The Black Sea region countries – Kazakhstan, Russia and Ukraine (KRU) – have become important wheat exporters, since they implemented substantial restructuring in total agricultural production, consumption and trade in the 1990s, and subsequently achieved a massive increase in grain production during the 2000s. Consequently, the pricing behaviour of these countries has become a key issue. By applying the pricing-to-market model to annual wheat exports, this study analyses the price discriminating behaviour of the KRU exporters in foreign markets during 1996-2012. The results demonstrate that even though the KRU countries are able to exercise price discrimination in different importing countries, they usually face perfect competition in most destinations.

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 Record created 2017-04-01, last modified 2018-01-22

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