An Economic Study of the World Yellow Corn Market with Reference to the Egyptian Yellow Corn Market

Abstract

The research mainly aimed to study the nature and description of the global market for yellow maize, to identify the type and composition of the market and who controls the clarity of its price policies, so that decision makers can develop appropriate mechanisms for trade and production policies. The most important conclusions: 1- That the global yellow maize market is an oligopoly market, and that America, Brazil, Argentina and Ukraine represent the informal cartel, whose average amount of exports represents about 66% of the world's exports of them. 2- The growth rates of the amount of global imports amounted to about 3% annually during the study period, while this rate in the amount of Egypt’s imports amounted to about 5% annually, and this means that the amount of Egypt’s imports increases at a faster rate than the global growth rate, which is indicated by the equations of The general time trend of Egyptian and international imports. 3- Ukraine, as an exporting country of yellow corn, is the first and most important source for Egypt, while the Argentine market is considered the first competitor to the Ukrainian market in relation to the Egyptian import market, where the price elasticity of it is estimated - 0.7.