Drivers of grain price volatility: a cursory critical review

Fabio Santeramo, Emilia Lamonaca, Francesco Contò, Gianluca Nardone and Antonio Stasi
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Francesco Contò: University of Foggia, Foggia, Italy
Gianluca Nardone: University of Foggia, Foggia, Italy
Antonio Stasi: University of Foggia, Foggia, Italy

Agricultural Economics, 2018, vol. 64, issue 8, 347-356

Abstract: Understanding the determinants of price volatility is a key step to prevent the potential negative consequences of the uncertainty faced by farmers. The presented critical review provides a novel categorization of grain price volatility drivers. The authors distinguish the endogenous and exogenous causes and conclude on the potential effects that each of the identified factors may generate on the price dynamics. In particular, there is deepened the contribution of endogenous factors, such as the spatial and temporal arbitrage, as well as the drivers of shocks of demand and supply.

Keywords: arbitrage; commodity; risk; storage; trade; uncertainty (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (6)

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Working Paper: Drivers of grain price volatility: a cursory critical review (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlage:v:64:y:2018:i:8:id:55-2017-agricecon

DOI: 10.17221/55/2017-AGRICECON

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