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EL NINO AND COFFEE PRICE VOLATILITY IN 1997

Darren L. Frechette and Willard Delavan

No 20908, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Coffee price volatility was extreme in 1997. With no obvious drought or freezing conditions in major growing countries, market analysts blamed El Nino. Alternatively, economic theory implies that commodity price volatility should be high when inventories are low. We analyze and test these two hypotheses

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 17
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20908

DOI: 10.22004/ag.econ.20908

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