chain in Germany with the focus on the developments during the food crisis and the impact of subsidized US biodiesel exports … and sales decreased during the food crisis when agricultural commodity prices rose sharply. At the same time, strong …

-run causality between energy prices and prices of food commodities. We find that the oil price Granger causes all the considered … food prices. However, when controlling for business cycle fluctuations this link exists especially at low frequencies. Thus …, short-run phenomena like herd behaviour and speculation do not seem to have a considerable effect on the studied food prices …

The increasing use of food commodities for biofuel production has substantial impact on prices and quantities of these … and other food commodities. It is therefore likely that this trend also intensifies the competition for arable land … selected food commodities empirically performing Granger causality and cointegration tests as well as calculating impulse …