Examining the relationship between biofuel and food crops markets in Brazil

E. Silva and R. Lima

No 275883, 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia from International Association of Agricultural Economists

Abstract: The objective of this article is to discuss the relationship between biofuels and food crop markets in Brazil, from August 2004 to August 2017. Prices of ethanol and food commodities (sugar, soybean and corn) were used to estimate a Vector Error Correction Model (VECM). The system also included Real/Dollar exchange rate, policy and seasonal dummies, and an exogenous variable representing international oil price. The results suggest the occurrence of linkages between biofuel and food commodity markets in Brazil. Thus, it is crucial that the development of public policies to pursue the objective of increasing the supply of renewable and less pollutant fuel do not conflict with the goals of food security.

Keywords: Crop Production/Industries; International Relations/Trade (search for similar items in EconPapers)
Pages: 15
Date: 2018-07
New Economics Papers: this item is included in nep-agr and nep-ene
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae18:275883

DOI: 10.22004/ag.econ.275883

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