Araştırma Makalesi
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Beyond Food Prices: An Analysis On Sub-Indices

Yıl 2022, Cilt: 6 Sayı: 1, 115 - 130, 30.06.2022
https://doi.org/10.47140/kusbder.1085879

Öz

The prices of food have increased globally recently. The goal of this chapter is to analyze the dynamics of food prices. The categories of food analyzed in this research are Meat, Dairy, Cereals, Oils, and Sugar. FAO Food index data is used for the period 1990-2021. One of the questions that come to mind is whether these categories of food are all correlated with each other. A critical analysis on these sub-indices helps to understand the relationships between the categories. The results of the study show that there are long term relationships between sub-indices of food prices. Granger causality results indicate that the price of sugar is affecting the price of cereals, whereas cereals are affecting sugar. The price of cereals is therefore important for food price stability according to research results.The results show the need for a planned agricultural policy, subsidies for low income households, and subsidies on energy prices.

Kaynakça

  • Amrouk E.M., Heckelei T.(2020,March), Forecasting International Sugar Prices: A Bayesian Model Average Analysis, Sugar Tech, 22(4),552-562.
  • Azam A.H.M., Sarmidi T. , Nor A.H.S.M., Zainuddin M.R.K.V. (2020, September), Comovement among World Vegetable Oil Prices : A Weavelet Based Analysis, International Journal of Business and Society, 21(3), 1068-1086.
  • Bellemare M.F. (2014), Rising Food Prices, Food Price Volatility, and Social Unrest, Amer. J. Agr. Econ, 97(1), 1-21.
  • Borawska A.B., Borawski P., Guth M., Parzonko A., Rokicki T., Klepacki B., Wysokinski M., Maciag A., Dunn J.M. (2021, June) Price Changes of Dairy Products in the European Union. Agricultural Economics, 67(9), 373-381.
  • Cornelsen L., Green R., Turner R., Dangour A.D., Shankar B., Mazzocchi M., Smith R.D. (2015), What Happens to Patterns of Food Consumption when Food Prices Change? Evidence From A Systematic Review and Meta-Analysis of Food Price Elasticies Globally, Health Economics, 24, 1548-1559. Destiarni R.P., Jamil A.S.(2021, June), Price Integration Analysis of Crude Oil and Vegetable Oils, Habitat, 32(2), 82-92.
  • Gardbroek C., Hernandez M.A.(2013), Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets, Energy Economics, 40, 119-129.
  • Guo J., Tanaka T. (2020) Examining the Determinants of Global and Local Price Passthrough in Cereal Markets: Evidence from DCC-GJR-GARCH and Panel Analyses, Agricultural and Food Economics, 8(27), 1-22.
  • Kopytets N. , Pashko S., Voloshyn V. (2020, October). Current Trends in Meat Price Formation. Ekohomika, 2, 55-63.
  • Kotyza P., Czech K., Wielechowsky M., Smutka L., Prochazka P. (2021, January), Sugar Prices vs. Financial Market Uncertainty in the Time of Crisis: Does COVID-19 Induce Structural Changes in the Relationship?, Agriculture, 11(93), 1-17.
  • Liu Y., Rabinowitz A.N. (2020, November). The Impact of the Covid 19 Pandemic on Retail Dairy Prices, Agribusiness, 37, 108-121.
  • Ramsey A.F., Goodwin B.K., Hahn W.F., Holt M.T. (2021) Impacts of COVID-19 and Price Transmission in U.S. Meat Markets. Agricultural Economics, 52, 441-458. Roman M., Gorecka A., Domagala J. (2020, December). The Linkages Between Crude Oil and Food Prices. Energies , 13(6545) , 1-18.
  • Thompson W., Dewbre J., Pieralli S., Schroeder K., Dominguez I.P., Westhoff P. (2019, March). Long-term Crop Productivity Response and its Interaction with Cereal Markets and Energy Prices, Food Policy, 84, 1.
  • Will Martin M.I., Zaman H.(2012), Estimating the Short-Run Poverty Impacts of the 2010–11 Surge in Food Prices, World Development, 40(11),2302-2317.

Beyond Food Prices: An Analysis On Sub-Indices

Yıl 2022, Cilt: 6 Sayı: 1, 115 - 130, 30.06.2022
https://doi.org/10.47140/kusbder.1085879

Öz

The prices of food have increased globally recently. The goal of this chapter is to analyze the dynamics of food prices. The categories of food analyzed in this research are Meat, Dairy, Cereals, Oils, and Sugar. FAO Food index data is used for the period 1990-2021. One of the questions that come to mind is whether these categories of food are all correlated with each other. A critical analysis on these sub-indices helps to understand the relationships between the categories. The results of the study show that there are long term relationships between sub-indices of food prices. Granger causality results indicate that the price of sugar is affecting the price of cereals, whereas cereals are affecting sugar. The price of cereals is therefore important for food price stability according to research results.The results show the need for a planned agricultural policy, subsidies for low income households, and subsidies on energy prices.

Kaynakça

  • Amrouk E.M., Heckelei T.(2020,March), Forecasting International Sugar Prices: A Bayesian Model Average Analysis, Sugar Tech, 22(4),552-562.
  • Azam A.H.M., Sarmidi T. , Nor A.H.S.M., Zainuddin M.R.K.V. (2020, September), Comovement among World Vegetable Oil Prices : A Weavelet Based Analysis, International Journal of Business and Society, 21(3), 1068-1086.
  • Bellemare M.F. (2014), Rising Food Prices, Food Price Volatility, and Social Unrest, Amer. J. Agr. Econ, 97(1), 1-21.
  • Borawska A.B., Borawski P., Guth M., Parzonko A., Rokicki T., Klepacki B., Wysokinski M., Maciag A., Dunn J.M. (2021, June) Price Changes of Dairy Products in the European Union. Agricultural Economics, 67(9), 373-381.
  • Cornelsen L., Green R., Turner R., Dangour A.D., Shankar B., Mazzocchi M., Smith R.D. (2015), What Happens to Patterns of Food Consumption when Food Prices Change? Evidence From A Systematic Review and Meta-Analysis of Food Price Elasticies Globally, Health Economics, 24, 1548-1559. Destiarni R.P., Jamil A.S.(2021, June), Price Integration Analysis of Crude Oil and Vegetable Oils, Habitat, 32(2), 82-92.
  • Gardbroek C., Hernandez M.A.(2013), Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets, Energy Economics, 40, 119-129.
  • Guo J., Tanaka T. (2020) Examining the Determinants of Global and Local Price Passthrough in Cereal Markets: Evidence from DCC-GJR-GARCH and Panel Analyses, Agricultural and Food Economics, 8(27), 1-22.
  • Kopytets N. , Pashko S., Voloshyn V. (2020, October). Current Trends in Meat Price Formation. Ekohomika, 2, 55-63.
  • Kotyza P., Czech K., Wielechowsky M., Smutka L., Prochazka P. (2021, January), Sugar Prices vs. Financial Market Uncertainty in the Time of Crisis: Does COVID-19 Induce Structural Changes in the Relationship?, Agriculture, 11(93), 1-17.
  • Liu Y., Rabinowitz A.N. (2020, November). The Impact of the Covid 19 Pandemic on Retail Dairy Prices, Agribusiness, 37, 108-121.
  • Ramsey A.F., Goodwin B.K., Hahn W.F., Holt M.T. (2021) Impacts of COVID-19 and Price Transmission in U.S. Meat Markets. Agricultural Economics, 52, 441-458. Roman M., Gorecka A., Domagala J. (2020, December). The Linkages Between Crude Oil and Food Prices. Energies , 13(6545) , 1-18.
  • Thompson W., Dewbre J., Pieralli S., Schroeder K., Dominguez I.P., Westhoff P. (2019, March). Long-term Crop Productivity Response and its Interaction with Cereal Markets and Energy Prices, Food Policy, 84, 1.
  • Will Martin M.I., Zaman H.(2012), Estimating the Short-Run Poverty Impacts of the 2010–11 Surge in Food Prices, World Development, 40(11),2302-2317.
Toplam 13 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Finans
Bölüm Araştırma Makaleleri
Yazarlar

Cem Berk 0000-0002-5192-3169

Yayımlanma Tarihi 30 Haziran 2022
Yayımlandığı Sayı Yıl 2022 Cilt: 6 Sayı: 1

Kaynak Göster

APA Berk, C. (2022). Beyond Food Prices: An Analysis On Sub-Indices. Kırklareli Üniversitesi Sosyal Bilimler Dergisi, 6(1), 115-130. https://doi.org/10.47140/kusbder.1085879