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Drivers of grain price volatility: a cursory critical review

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  • Santeramo, Fabio Gaetano
  • Lamonaca, Emilia
  • Contò, Francesco
  • Stasi, Antonio
  • Nardone, Gianluca
Abstract
Understanding the determinants of price volatility is a key step to prevent potential negative consequences of to the uncertainty faced by farmers. Our critical provides a novel categorization of grain price volatility drivers. We distinguish endogenous and exogenous causes and conclude on the potential effects that each of identified factors may generate on price dynamics. In particular, we deepen on the contribution of endogenous factors such as spatial and temporal arbitrage, as well as drivers of shocks of demand and supply.

Suggested Citation

  • Santeramo, Fabio Gaetano & Lamonaca, Emilia & Contò, Francesco & Stasi, Antonio & Nardone, Gianluca, 2017. "Drivers of grain price volatility: a cursory critical review," MPRA Paper 79427, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:79427
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    Cited by:

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    2. Santeramo, Fabio Gaetano & Carlucci, Domenico & De Devitiis, Biagia & Seccia, Antonio & Stasi, Antonio & Viscecchia, Rosaria & Nardone, Gianluca, 2017. "Emerging trends in European food, diets and food industry," MPRA Paper 82105, University Library of Munich, Germany.
    3. Santeramo, Fabio G., 2017. "On Non-Tariff Measures and Changes in Trade Routes: From North-North to South-South Trade?," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 263493, European Association of Agricultural Economists.
    4. Santeramo, Fabio Gaetano & Lamonaca, Emilia, 2019. "The role of non-tariff measures in the agri-food sector: positive or negative instruments for trade?," MPRA Paper 96763, University Library of Munich, Germany.
    5. Fabio Gaetano Santeramo & Emilia Lamonaca, 2021. "Food Loss–Food Waste–Food Security: A New Research Agenda," Sustainability, MDPI, vol. 13(9), pages 1-7, April.
    6. Santeramo, Fabio Gaetano, 2017. "Market Fundamentals And International Grain Price Volatility," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 260908, European Association of Agricultural Economists.
    7. Hongjun Zeng & Abdullahi D. Ahmed & Ran Lu, 2024. "The Bitcoin‐agricultural commodities nexus: Fresh insight from COVID‐19 and 2022 Russia–Ukraine war," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 68(3), pages 653-677, July.
    8. Fabio Gaetano Santeramo & Emilia Lamonaca, 2019. "On the drivers of global grain price volatility: an empirical investigation," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(1), pages 31-42.
    9. Harun Uçak & Yakup Ari & Esin Yelgen, 2022. "The volatility connectedness among fertilisers and agricultural crop prices: Evidence from selected main agricultural products," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 68(9), pages 348-360.
    10. Carla Zarb? & Gioacchino Pappalardo & Roberta Selvaggi & Biagio Pecorino, 2023. "The EU agri-food system in the recent crisis scenarios," Economia agro-alimentare, FrancoAngeli Editore, vol. 2023(3), pages 87-107.
    11. Roshini Brizmohun, 2019. "Impact of climate change on food security of small islands: The case of Mauritius," Natural Resources Forum, Blackwell Publishing, vol. 43(3), pages 154-163, August.

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    More about this item

    Keywords

    Grain; Price; Risk; Uncertainty; Volatility;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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