University of Khartoum

The Impact of Strategic Reserve Corporation Activities on Sorghum Prices in ‎Selected Markets in Sudan: A Temporal and Cointegration Approach‎‎ ‎

The Impact of Strategic Reserve Corporation Activities on Sorghum Prices in ‎Selected Markets in Sudan: A Temporal and Cointegration Approach‎‎ ‎

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Title: The Impact of Strategic Reserve Corporation Activities on Sorghum Prices in ‎Selected Markets in Sudan: A Temporal and Cointegration Approach‎‎ ‎
Author: Eltay, Khalid Omer Ahmed
Abstract: This study attempted to analyze the impact of the Strategic Reserve Corporation ‎activities on sorghum prices in selected markets in Sudan. It also analyzes SRC ‎performance through its mandate objectives.‎ ‎ ‎ The study had relied on secondary data, collected from Federal Ministries, SRC, ‎related literature and world wide web (internet). Sorghum prices were collected on ‎monthly basis for the period 1998-2004 in Gedarif, Damazin, Elobeid and Nyala ‎markets. For the purpose of this study descriptive and quantitative analysis were ‎used. ‎ ‎ ‎ The Study showed that the SRC was not able to achieve the targeted reserve by the ‎end of 2004. It also illustrated that SRC relied on the Federal Ministry of Finance ‎and National Economy for financing its operations. It is found that SRC intervention ‎in the grain marketing had played effective role in stabilizing prices in 2001. ‎Temporal analysis showed that sorghum prices are at their lowest before April and ‎it also showed that SRC price stabilization have its effects in reducing fluctuations in ‎prices during food shortages. The spatial analysis showed that except for Nyala ‎market Gedarif, Damazin and Elobeid sorghum markets were integrated in the long ‎run. ‎ The Study revealed the importance of SRC role in the grain marketing, due to ‎fluctuations in food production. The study recommend that SRC market intervention ‎should be directed to non integrated markets. It should increase reserves size to at ‎least 25% of the national annual consumption. It should also decrease government ‎finance and seek other financial sources. Loans in kind should not exceed 25% of ‎the total reserve and should be clearly defined to ensure SRC rights. Free ‎distribution should be limited to avoid market distortion. Activation of the ‎information unit to follow up and analyze grain markets is also recommended. ‎
Description: September 2005111page
URI: http://khartoumspace.uofk.edu/handle/123456789/11017
Date: 2015-05-18


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