The variability of Pakistan's wheat production in recent years has highlighted the need for the country to develop a storage and trade strategy which takes into account the needs of producers, consumers, and the government. Production variability is a problem despite the fact that cereal...

An increase in the procurement price affects government procurement of wheat in at least four ways. Properly estimating the total effect requires taking account of both the direct effects of an increased share of marketed surplus being procured and the indirect effects through the impact on...