Establishing a clear link between prices of conventional and niche product versions can help address challenges associated with anticipating these prices and attenuate concerns related to thin market conditions. In that regard, we analyze the price dynamics, differentiating between agri-product...

This study leverages the Log-Periodic Power Law Singularity (LPPLS) confidence indicator to effectively identify bubbles in agricultural commodity markets. We analyze five major grain price indices reported by the International Grains Council (IGC) from January 2000 to April 2023, successfully...

This study investigates the relationship between gold prices, agricultural commodity prices (rice, flour, bean, chickpea, lentil, and sugar), and Turkish stock markets. Using the Fourier Toda-Yamamoto causality test and wavelet coherency approach, we find that gold prices significantly influence...

I propose partial-equilibrium models that describe the dynamics of global wheat and corn markets. These models extend the classic competitive storage framework by incorporating nonstationary variables. They are calibrated using data from Ukraine and key importing and exporting countries. The...

Key aggregate figures on Austria's agriculture and forestry sectors show little change for 2024 compared to the previous year, although there were significant fluctuations in individual commodity markets, such as sugar beet. In foreign trade in agricultural goods and foodstuffs, imports expanded...

In this paper, we provide evidence on the impact of global seasonal temperature shocks on global food commodity prices. Utilizing monthly data from 1961 to 2023, we find an economically and statistically highly significant, longer-lasting positive impact of summer temperature shocks on global...

This study aims to analyze the fluctuations in agriculture and their effects on the economy. According to the traditional supply and demand theory, prices are determined by the relationship between supply and demand. When demand exceeds supply, agricultural product prices rise, increasing...

This study examines the effects of distortion of agricultural price incentives on agricultural value added in East Africa. The World Bank, IFPRI, FAO, and CSP are the sources of data. The dataset ranges from 1981 to 2018, and the error-corrected LSDV model is used to analyze the data. The...

Although the Ethiopian government is engaged in a process of modernization and making major financial reforms, there remains lack of solid financial tool that could assist market participants in analyzing the agricultural commodity market positions. Similarly, agricultural policy lacks...

This study explores the financialization of agricultural commodities, focusing on how financial derivatives and index funds impact the volatility of agro-food markets. Using a Dynamic Conditional Correlation (DCC) GARCH model, we analyze volatility spillovers among key agricultural commodities,...

Previous studies on commodity price bubbles mainly focused on futures markets and ignored the performance of spot markets. Using the price data for corn and soybeans in China, this study identifies the exact bubble dates for the futures and spot markets, and finds asynchronous price bubbles...

The possible effect of the financialization of agricultural commodities on food security has become an evolving worry in recent years. This study seeks to empirically investigate this complicated problem and influence policy choices to ensure a more stable and secure food system by analyzing the...

The study investigates the effects of the Russian-Ukrainian war, the COVID-19 pandemic, and exchange rate fluctuations on the average return, contagion dynamics, and persistence of risks associated with three staples in Türkiye: wheat, sunflower oil, and corn. The pandemic and the war disrupted...

Die Ukraine und Russland spielen als Exporteure von Agrar- und Ernährungsprodukten eine zentrale Rolle für die globale Ernährungssicherheit. Die Studie von Berndt et al. (2022) untersucht mit globalen Gleichgewichtsmodellen, wie sich der Krieg im Extremfall auf globale Agrarpreise auswirken...

Agricultural inputs are experience goods: before purchasing them, buyers only observe their price, providing sellers an opportunity to cheat on quality. In a field experiment in rural Bangladesh, we replicate a market for experience goods, with agricultural input retailers (sellers) choosing...

Sustainable use of land resources is at the core of the bioeconomy, and it is of central importance for development in the coming decades. The United Nations Sustainable Development Goals reflect this aspect of development both directly and indirectly. Important global trends, such as a growing...

COVID-19 has thrown a stark, harsh light on the world’s economy and has had a significant impact on monetary policies worldwide. In China, the economy is entering a new normal, and the effect of monetary policy on agricultural commodity prices has induced noticeable structural changes. The...

The Russian invasion of Ukraine on February 24, 2022 dramatically disrupted the global supply of crude oil and agricultural commodities. As a consequence, the prices of oil and agricultural commodities increase substantially and many countries face the problem of high food inflation. Against...

World food markets are susceptible to systemic shocks due to a concentration of production in a few main breadbasket regions, strong import dependencies of many developing countries, and frequent unilateral and uncoordinated policy interventions such as export restrictions.The well-established...

In this study, we examined the price transmission dynamics and market integration among domestic markets for Uganda's major staple foods (matoke, maize, and beans) utilizing the Granger causality analysis, bounds test, Wald test for long- and short-run asymmetry, and the nonlinear ARDL model....

Die Ukraine und Russland spielen als Exporteure von Agrar- und Ernährungsprodukten eine zentrale Rolle für die globale Ernährungssicherheit. Die Studie von Berndt et al. (2022) untersucht mit globalen Gleichgewichtsmodellen, wie sich der Krieg im Extremfall auf globale Agrarpreise auswirken...