EconPapers    
Economics at your fingertips  
 

Cotton Market Integration across Countries, among Qualities, and through Time

Jon Devine, Alejandro Plastina and Véronique Thériault ()

No 124962, 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington from Agricultural and Applied Economics Association

Abstract: Cotton is among the most internationally traded agricultural commodities. As a result, cotton prices are often described in terms of a world price. This world price, called the A Index, has been published by the trade group Cotlook since the mid-1960’s and is generally accepted as representative of a global price for cotton. As a world price, the A Index is derived as an average of export offers from cotton merchants for fiber delivered to Far Eastern ports, where most of the world’s cotton is spun into yarn. In addition to the average that is the A Index, Cotlook also publishes merchant offers for specific qualities of cotton from specific countries. Given that cotton prices were the most volatile of all agricultural commodity prices during the 2010/11 crop year, it could be expected that historic relationships among prices for different qualities and growths may have changed. This research is designed to identify and describe these changes. Cointegration analysis examines relationships between prices according to quality and country of origin and description of how were affected by recent volatility with the objective of informing discussion of potential implications for global cotton trade.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://ageconsearch.umn.edu/record/124962/files/Devine.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea12:124962

DOI: 10.22004/ag.econ.124962

Access Statistics for this paper

More papers in 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2019-10-12
Handle: RePEc:ags:aaea12:124962