In 2007 and 2008 world food markets observed a significant price boom. Crop failures simultaneously occurring in some of the world's major production regions have been quoted as one factor among others for the price boom. Against this background, we analyse the stochasticity of crop yields in...

This paper primarily focuses on the effects of cotton prices on rural poverty in Pakistan. Domestic seed cotton prices are found to move closely with their export values based on world markets since 1990 and declined in real terms by about 20 percent in the late 1990s, taking world price...