The Volatility of the International Price and the Trinidad and Tobago Export Price of Cocoa

Carlisle Pemberton, Afiya De Sormeaux and Hazel Patterson-Andrews

No 242078, 30th West Indies Agricultural Economics Conference, June 30-July 6, 2013, Port‐ of‐Spain, Trinidad, West Indies from Caribbean Agro-Economic Society

Abstract: Cocoa prices are known to be volatile and this volatility has been known to affect the cocoa industry. This paper first examines the volatility of the international cocoa price and compares this volatility to the international price of coffee. The measure of volatility that is used is the moving standard deviation. The paper then measures the volatility of the export price of cocoa from Trinidad and Tobago and concludes by discussing how price volatility affects the marketing of tropical commodities like cocoa.

Keywords: Agribusiness; Agricultural and Food Policy; Agricultural Finance; Crop Production/Industries; Farm Management; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Labor and Human Capital; Land Economics/Use; Livestock Production/Industries; Political Economy; Production Economics; Productivity Analysis (search for similar items in EconPapers)
Pages: 8
Date: 2015-10
New Economics Papers: this item is included in nep-agr and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ags:cars13:242078

DOI: 10.22004/ag.econ.242078

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