We use two approaches to examine the macroeconomic consequences of disruptions in global food commodity markets. First, we embed a novel quarterly composite global production index for the four basic staples (corn, wheat, rice and soybeans) in a standard vector autoregression (VAR) model, and we...

The largest Commodity Trading Houses account for a large and increasing share of international trade, linked arguably to their financialization and - according to some commentators - giving rise to issues of 'systemic importance' similar to those applying to large investment banks. This paper...

Risks related to commodity price volatility are a major thread to actors in commodity chains, particularly to smallholder farmers in low income countries. Therefore, price setting and transmission within global commodity chains are of crucial importance from a developmental and distributional...