Sustainability standards such as Fairtrade, UTZ, and Rainforest Alliance have recently gained importance in global value chains, with some of the major tropical commodities seeing significant increases in the share of their certified area in the last ten years. This trend is directly related to...

Over the last decade the link between agricultural and oil markets has reinforced after the introduction of biofuels as substitutes for gasoline and diesel. Although the literature on price transmission between these markets is prolific, research on second order moment dynamics is scant. This...