Garrido / Brümmer / M'Barek Agricultural Markets Instability

Revisiting the Recent Food Crises
Erscheinungsjahr 2016
ISBN: 978-1-317-38465-6
Verlag: CRC Press
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 240 Seiten

Reihe: Earthscan Food and Agriculture

Since the financial and food price crises of 2007, market volatility has been a topic of major concern to agricultural economists and policy professionals. This volume provides an overview of the key issues surrounding food prices volatility, focusing primarily on cereals and key commodities, and policy conclusions. It also presents the views of practitioners, business, NGOs and farmers' organizations. It has been developed from the work of the European-based ULYSSES project. The main issues addressed include:

- the direct and indirect causes of markets’ volatility increases since 2007

- which factors and drivers are volatility-increasing and which others are price level-increasing? Can these two distinctive effects be identified and measured, and be related to specific causes?

- the likelihood that the main commodities’ markets will experience new episodes of extreme volatility

- the extent to which increasing volatility affects agents in the value chain and what can be done to cope with it, both in the EU and in developing countries

- the actual impacts on the most vulnerable households in the EU and in selected developing countries

- which policies are more effective to avert and mitigate the effects of markets’ volatility at EU and international levels.

Autoren/Hrsg.

Garrido, Alberto

Brümmer, Bernhard

M'Barek, Robert

Meuwissen, Miranda

Morales-Opazo, Cristian

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Primärer Sektor Agrarökonomie, Ernährungswirtschaft

Inhaltsverzeichnis

Part 1: Setting the Scene

1. Introduction

2. Has Markets Volatility Increased in Since 2007?

Part 2: Revising Current Knowledge

3. Volatility in the After-crisis Period: A Literature Review of Recent Empirical Research

4. Long-term Drivers of Commodity Markets Volatility and Preparing for the Future

5. Food Price Transmission in the EU: Main Findings from TRANSFOP Project

6. A Review of the Role of Contextual Factors on Price Volatility Transmission in Food Supply Chains

7. Impacts of Food Price Volatility on Consumers in Developed and Developing Countries

Part 3: Policy Responses

8. Assessment of National Policies in Developing Countries to Combat and Mitigate the Effects of Agricultural Markets Excessive Volatility

9. Policies that Enable Agents in the Supply Chain to Mitigate and Manage Agricultural Prices Instability

10. Policies aimed at Protecting Most Vulnerable Consumers in the EU

Part 4: Business Responses: the Role of the Private Sector

11. Use of Financial Contracts and Derivatives

12. EU Farmers view of Food Prices Volatility

13. NGOs View of Policies to Combat and Manage Food Price Volatilities

14. Transfop Project Main Messages

Part 5: Synthesis

15. Policy Conclusions and Future Research Needs

16. Epilogue: The Way Forward

Über Autor(innen)

Alberto Garrido is Professor in the Department of Agricultural Economics and Social Sciences at Universidad Politécnica de Madrid, Spain.

Bernhard Brümmer is Professor in the Department of Agricultural Economics and Rural Development, University of Goettingen, Germany.

Robert M'Barek is an Agricultural Economist and leader of the Agricultural trade and market analysis" group at the European Commission's Joint Research Centre in Seville, Spain.

Miranda Meuwissen is Associate Professor of Business Economics, Wageningen University, the Netherlands.

Cristian Morales-Opazo is an Economist, Agricultural Development Economic Division, at the Food and Agriculture Organization of the United Nations, Rome, Italy.