Agricultural Commodity Price Volatility [E-Book]: An Overview / Marilyne Huchet-Bourdon
Huchet-Bourdon, Marilyne.
Paris : OECD Publishing, 2011
52 p. ; 21 x 29.7cm.
englisch
10.1787/5kg0t00nrthc-en
OECD Food, Agriculture and Fisheries Papers ; 52
Agriculture and Food
Full Text
Recent years have witnessed a sharp increase in many commodity prices. This report examines the question of whether commodity price volatility has materially changed with the rapid run up in world prices in 2006-09, followed by an equally sharp decline in many commodity prices. The report analyses international price volatility for selected agricultural commodities over the past half-century and their relationship with crude oil, fertiliser and the euro-dollar exchange rates. The analysis utilises different data sources, frequency of price observations, periods of observation, price volatility measures and a number of statistical tests to examine the various dimensions of the issue.