Rapid growth among the major emerging markets over the past 20 years has boosted global demand for commodities. The seven largest emerging markets accounted for almost all the increase in global consumption of metals, and two-thirds of the increase in energy consumption over this period. As...

During the 1960s, Uganda was the largest cotton producer in sub-Saharan Africa. Attempts to revive the sector following its demise in the 1970s were unsuccessful in the 1980s and more effective in the 1990s. However, there is a sense that it still lags behind its full potential. Low quality of...

After experiencing a boom during the mid-1990s, the performance of Uganda's coffee industry has been disappointing. Most existing analysis sees the sector's problems as quality deterioration, a poor marketing position in the global market, a weak regulatory framework, and poor infrastructure....

This article contributes to the liberalisation debate in Africa by assessing the policy reforms in the Tanzanian cotton sector, the outcome of which has been mixed. The grower's share in the fob price has increased; the growers receive payments promptly; the ginning capacity has increased...

This study utilizes a frequency domain approach to decompose the prices of 21 primary commodities into transitory, supercycle, and permanent components from 1900 to 2022. The results reveal the presence of four heterogenous supercycles, with an average duration of 25 years, contributing little...

This paper examines the price linkages among polyester (the dominant chemical fiber), cotton (the dominant natural fiber), and crude oil (the dominant energy commodity) based on monthly data between 1980 and 2002. The modeling framework incorporates several aspects of the unit root econometrics...

Agricultural protection and subsidies, particularly in high-income countries, have induced overproduction, thereby depressing world commodity prices and reducing export shares of countries which do not support agriculture. One - and perhaps the only - effective way to bring a socially acceptable...

We quantify the relationship between Tanzanian and external maize markets while also accounting for domestic influences. We conclude that external influences on domestic prices originate from regional, rather than global, markets. We also show that, compared to external factors, domestic factors...

The demand for and supply of U.S. wheat, corn, and soybean exports is specified in a dynamic framework. Obtained results indicate differences in the export behavior of each product. U.S. corn exports are elastic, while U.S. soybean exports exhibit an inelastic response. For wheat, the derived...

This paper analyzes and compares the structure of cotton by-products industries in se-lected countries (Uganda, Tanzania, Benin, and Burkina Faso) in the context of the global vegetable oil market. It reaches several conclusions. First, because the markets for various edible oils are highly...