The main drivers of arabica coffee prices in Latin America

Francisco Javier Aliaga Lordemann, Claudio Mora-García and Nanno Mulder

Documentos de Proyectos from Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL)

Abstract: This paper analyzes the determinants of arabica green coffee prices in Latin American countries using a time series analysis and panel data methods. For this purpose, we construct a panel of different coffee prices: Coffee Organization (ICO) composite prices for Brazilian Naturals, Colombian Milds, and Other Milds; prices paid by the Federación Nacional de Cafeteros de Colombia (FNC) to coffee growers; and farm gate prices by country. The results show that the Brazilian Real to USD real exchange rate, inflation, and rain in January affect prices positively. In contrast, green coffee inventories, the oil price, and the Colombian Peso to USD real exchange rate negatively affect coffee prices.

Date: 2021-03-18
New Economics Papers: this item is included in nep-agr
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://repositorio.cepal.org/handle/11362/46729

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:ecr:col022:46729

Access Statistics for this paper

More papers in Documentos de Proyectos from Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) Contact information at EDIRC.
Bibliographic data for series maintained by Biblioteca CEPAL ().