Liu, Xing - European Association of Agricultural Economists - EAAE - 2009
world’s most liquid palm oil contract. The goal of this study is to investigate CPO futures market efficiency of BMD for the … (VECM) are conducted to test long-run and short-run efficiency test for the European spot market and four different futures … relationship exists between the futures price and spot price for all forecasting horizons. The unbiasedness of futures price with …