Research on Influencing Factors of Maize Price in China Since Temporary Purchase and Storage Policy Reform—Based on VAR Model
[Objective]After the temporary purchase and storage policy reform,the maize price entered the market pricing stage,and the price fluctuations were more frequent and violent.This paper discusses the impact of different factors on maize price.[Method]Using the data from April 2016 to February 2024,the Vector Autoregressive(VAR)model was constructed to quantitatively analyze the influenc-ing factors of maize price after the temporary purchase and storage policy reform.[Result]Maize futures prices,soybean prices and the COVID-19 epidemic had the greatest impact on China's maize prices,followed by pork prices,broiler prices and international oil prices,while the impact of imported maize prices and maize imports on maize prices were relatively small.[Conclusion]We should pay attention to the risk sources of maize price,strengthen the monitoring and early warning of maize price,and ensure the stable operation of maize market.
maize priceinfluencing factortemporary purchase and storage policyVAR model