Management of Volatility in the Grain Market

Welf Guenther-Luebbers, Soren Henke and Ludwig Theuvsen

No 122548, 123rd Seminar, February 23-24, 2012, Dublin, Ireland from European Association of Agricultural Economists

Abstract: Food prices have steadily risen since the 1990s, and price were especially volatile in the years 2008 and 2010. This trend has also been reflected in the European grain market, which presents all European companies along the food value chain with new challenges. This paper focuses on the impacts of increased price volatility on the grain market. Furthermore, it describes and evaluates government interventions attempting to reduce this volatility. At the same time, it describes and assesses private management methods of dealing with price volatility. In this article, we provide an opportunity to understand how the European cereals market evolved to reach its present state and suggest future possible price assurance systems, such as insurance for the basic monetary security of cereal products for all of the parties involved.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 17
Date: 2012-02-23
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaa123:122548

DOI: 10.22004/ag.econ.122548

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