How much did speculation affect the formation of rice prices during the rapid escalation of prices in world markets late in 2007 and early in 2008, through what mechanisms, what will happen as these influences unwind, and how is the story for rice different from other commodities? To answer...

This paper examines the persistence of shocks to world commodity prices, using monthly IMF data on primary commodities between 1957-98. We find that shocks to commodity prices are typically long-lasting and the variability of the persistence of price shocks is quite wide. The paper also...

This paper estimates a long memory volatility model for 16 agricultural commodity futures returns from different futures markets, namely corn, oats, soybeans, soybean meal, soybean oil, wheat, live cattle, cattle feeder, pork, cocoa, coffee, cotton, orange juice, Kansas City wheat, rubber, and...

This paper estimates a long memory volatility model for 16 agricultural commodity futures returns from different futures markets, namely corn, oats, soybeans, soybean meal, soybean oil, wheat, live cattle, cattle feeder, pork, cocoa, coffee, cotton, orange juice, Kansas City wheat, rubber, and...

This paper examines the extent to which increases in international food prices during the past few years have been transmitted to domestic prices in selected Asian developing countries. In analyzing the historical data, evidence on price transmission for important food commodities such as rice,...

Applying the maximum likelihood method of co-integration, this paper examines the impact of agricultural policy reforms on spatial integration of food grain markets in India. The extent of spatial integration of food grain markets has improved during the post-reform period, as the regional...

In vielen Studien werden die Erkenntnisse der Cointegrationstheorie bei der Bestimmung symmetrischer Preisanpassungen auf räumlich oder vertikal getrennten Märkten umgesetzt. Bei der Identifikation asymmetrischer Preisanpassungsprozesse hingegen wird immer noch der Ansatz von Wolffram aus dem...

In der Wertschöpfung der türkischen Landwirtschaft hat die Obst- und Gemüseproduktion große Bedeutung und Tafel- und Industrietomaten sind wiederum das wichtigste Einzelprodukt unter den Gemüsesorten. Das Papier beschreibt die Struktur und Entwicklung des Sektors seit den 1990-er Jahren und...

The present paper studies the land use change impacts of fuels and biofuels. We test the theoretical hypothesis, which says that changes in fuel prices cause changes in land use both directly and indirectly and, because of price inter-dependencies, biofuels reinforce the land use change impacts....

In this article we first develop a theoretically consistent supply-response model for producers with invariant preferences facing price risk, and then we empirically apply the model for a group of Cretan olive-oil producers. For doing so, we estimate a Generalized Leontief cost function and we...