Methods to Analyse Agricultural Commodity Price Volatility

Editors: Piot-Lepetit, Isabelle, M'Barek, Robert (Eds.)

  • Features chapters written by experts from the European Commission, FAO, USDA, and the World Bank as well as scholars from the European Union and the United States
  • Provides timely analysis of agricultural commodities price volatility and evolution resulting from the recent economic crisis
  • Suggests directions for anticipating price movements and managing their consequences
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Softcover $199.00
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About this book

This book examines the issue of price volatility in agricultural commodities markets and how this phenomenon has evolved in recent years. The factors underlying the price spike of 2007-08 appear to be global and macroeconomic in nature, including the rapid growth in demand by developing countries, the international financial crisis, and exchange rate movements. Some of these factors are new, appearing as influences on price volatility only in the last decade. Although volatility has always been a feature of agricultural commodity markets, the evidence suggests that volatility has increased in certain commodity markets. A growing problem is that agricultural price shocks and volatility disrupt agricultural markets, economic incentives and incomes. With increased globalization and integration of financial and energy markets with agricultural commodity markets, the relationships between markets are expanding and becoming more complex. When a crisis such as a regional drought, food safety scare or a financial crisis hits a particular market, policy-makers often do not know the extent to which it will impact on other markets and affect producer, consumer and trader decisions. Including contributions from experts at the World Bank, the Food and Agriculture Organization of the United Nations, the USDA, and the European Commission, the research developed throughout the chapters of this book is based on current methodologies that can be used to analyze price volatility and provide directions for understanding this volatility and the development of new agricultural policies. The book highlights the challenges facing policy makers in dealing with the changing nature of agricultural commodities markets, and offers recommendations for anticipating price movements and managing their consequences. It will be a practical guide for both present and future policy-makers in deciding on potential price-stabilizing interventions, and will also serve as a useful resource for researchers and students in agricultural economics.

Table of contents (12 chapters)

  • Methods to Analyse Agricultural Commodity Price Volatility

    Piot-Lepetit, Isabelle (et al.)

    Pages 1-11

  • Main Challenges of Price Volatility in Agricultural Commodity Markets

    Tothova, Monika

    Pages 13-29

  • The Energy/Non-energy Price Link: Channels, Issues and Implications

    Baffes, John

    Pages 31-44

  • Food Price Volatility

    Gilbert, Christopher L. (et al.)

    Pages 45-61

  • Empirical Issues Relating to Dairy Commodity Price Volatility

    O’Connor, Declan (et al.)

    Pages 63-83

Buy this book

eBook $149.00
price for USA (gross)
  • ISBN 978-1-4419-7634-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-1-4419-7633-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $199.00
price for USA
  • ISBN 978-1-4899-8881-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Methods to Analyse Agricultural Commodity Price Volatility
Editors
  • Isabelle Piot-Lepetit
  • Robert M'Barek
Copyright
2011
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science+Business Media, LLC
eBook ISBN
978-1-4419-7634-5
DOI
10.1007/978-1-4419-7634-5
Hardcover ISBN
978-1-4419-7633-8
Softcover ISBN
978-1-4899-8881-2
Edition Number
1
Number of Pages
XVI, 231
Topics