DEMAND FOR WHEAT CLASSES BY PACIFIC RIM COUNTRIES

Abstract

The transcendental logarithmic function is used to derive demand functions which are estimated for wheat classes imported by Pacific Rim countries. Results indicate substantial differences exist in underlying demand parameters for wheat of different classes as well as across countries. In addition, the expenditure level has important impacts on the distribution of imported wheat classes, and preferences have shifted significantly through time, generally toward higher protein wheats.Demand and Price Analysis,