The Role of Agricultural Commodity Prices in a Portfolio

Author(s):  
Chatchai Khiewngamdee ◽  
Quanrui Song ◽  
Somsak Chanaim
Author(s):  
Anna Chadwick

The conclusion begins with a discussion of the significance of some recent developments in the trajectory of agricultural commodity prices. The author then draws together the key arguments developed throughout the book, and offers some final reflections on the relationship between law and the political economy of hunger. The reflections are organized around the intellectual debts schema set out in the Introduction. Using the lenses of entitlement, commodification, Institutionalist insights, and Karl Polanyi’s motif of ‘double movement’, the author concludes with a determination on whether existing legal solutions to the challenge of world hunger are likely to be effective when the role of law in constituting markets and in conditioning logics of accumulation is taken into account.


Author(s):  
Rossarin Osathanunkul ◽  
Chatchai Khiewngamdee ◽  
Woraphon Yamaka ◽  
Songsak Sriboonchitta

2018 ◽  
Vol 3 (3) ◽  
pp. 288-302
Author(s):  
János Szenderák

The aim of this article is to compare the clusters formed by the correlation distances between the agricultural and the energy commodity price returns in different periods of time. The energy and agricultural markets have become more interlinked in the past ten years, which can be attributed partly to the increased usage of biofuels. According to the results of this research, after the global financial and economic crisis of 2008/09, the relationship has become tighter between the agricultural commodity prices and the price of the crude oil. Based on the hierarchical clustering, the relationship between crude oil and sugar, and especially between crude oil and vegetable oils has become stronger. These results support the hypothesis of a more interconnected agricultural and energy market after 2013. Furthermore, the emerged relationship of crude oil with the vegetable oils may indicate the connecting role of biofuels, since biofuels require agricultural input materials, partly vegetable oils. However, the role of biofuels in the present analysis requires further researches.


2016 ◽  
Vol 13 (1) ◽  
pp. 55
Author(s):  
Iwan Setiajie Anugrah ◽  
NFN Erwidodo ◽  
Erma Suryani

<p><strong>English</strong></p><p>A drop in agricultural commodity prices at harvest season and difficulty of obtaining farm financing are problems often faced by farmers . Warehouse Receipt System (WRS) is expected to be one among other government efforts to facilitate farmers to cope with these problems. WRS is a delay selling strategy by farmers in a way to temporarily storage their products in the warehouse and sell them at the right time to get the possi ble highest price . Warehouse Receipt ( WR) may be used by farmers as collateral to get loan from designated b ank and other financial institution. In general, the implementation of the WRS has been slow and has not been widely used by farmers and other WRS target participants. This paper aims to analyze policy in the implementation of WRS with regard to institutional perspectives of service supplier and users in Subang Regency and to formulate policy options for future performance improvement. Some findings indicate that small land size, the immediate need of cash during harvest season and famers’ limited ability to meet quality standards are regarded as constraining factors for farmers to utilize WRS. Lacks of understanding of the concept , benefits, and impl ementation procedures of WRS remain fundamental problems. These occur at the farm level and in related agencies including local government officials. Dissemination and advocacy of WRS to farmers, farmer groups and all stakeholders need to be undertaken in a wider scale . An active role of local government is urgently needed to accelerate the dissemination of SRG.</p><p> </p><p><strong>Indonesia</strong></p><p>Merosotnya harga komoditas pertanian saat musim panen dan kesulitan memperoleh pembiayaan usaha tani merupakan fenomena yang seringkali dihadapi oleh para petani. Sistem Resi Gudang (SRG) diharapkan menjadi salah satu upaya pemerintah untuk memfasilitasi petani dan peserta skim SRG lainnya dalam menghadapi permasalahan tersebut. SRG merupakan strategi tunda jual yang dilakukan petani dengan cara menyimpan hasil panennya di gudang pengelola SRG dan menjualnya pada saat yang tepat untuk memperoleh harga yang tertinggi. Resi Gudang (RG) dapat dipergunakan oleh para petani sebagai jaminan untuk memperoleh kredit perbankan atau lembaga keuangan lain yang ditunjuk. Secara umum pelaksanaan SRG masih berjalan lambat dan belum banyak dimanfaatkan oleh para petani dan sasaran peserta skim SRG lainnya. Penulisan makalah ini bertujuan untuk menganalisis kebijakan penyelenggaraan SRG dalam perspektif kelembagaan pengelola dan pengguna di Kabupaten Subang dan merumuskan alternatif kebijakan untuk meningkatkan kinerja SRG. Terbatasnya luas lahan garapan, kebutuhan untuk memperoleh uang tunai serta persyaratan kualitas dan volume minimal produk yang ditetapkan pengelola SRG, merupakan pembatas tingkat partisipasi petani dalam memanfaatkan SRG. Keterbatasan pemahaman tentang konsep dan manfaat SRG maupun tata cara pelaksanaannya menjadi permasalahan mendasar, tidak hanya di tingkat petani sebagai sasaran, tetapi juga terjadi pada para petugas pelaksana instansi terkait, termasuk aparat Pemda setempat. Oleh karenanya, sosialisasi dan advokasi tentang SRG kepada petani, kelompok tani, dan semua pemangku kepentingan perlu ditingkatkan dan diperluas. Peran aktif Pemda setempat sangat dibutuhkan untuk mempercepat penyebarluasan SRG.</p>


Author(s):  
Svitlana Ishchuk ◽  
Lyubomyr Sozanskyy

The scale and deep heterogeneity of the national economy of Ukraine in the regional context make the relevance of scientific research in this thematic area. The purpose of the article is to determine the economic specialization of the regions of Ukraine by key economic activities contributing to the formation of gross value added, as well as outlining the potential risks to the national economy, taking into account the situation on world commodity markets. The results of the research showed that one of the consequences of the unstable dynamics of industrial production in Ukraine under the influence of geopolitical and macroeconomic factors is the reduction of industrial specialization of the economy of a number of Ukrainian regions. Thus, in 2017 the manufacturing was the leading economic activity (with the highest share in the gross value added created) in 11 regions, compared to 15 in 2012. So Poltava, Donetsk, Dnipropetrovsk and Zaporizhzhya regions are considered to be “highly industrial”. At the same time, the agrarian specialization of the economy of Ukraine and its regions deepened – in 2017 agriculture became the leading type of economic activity in 11 regions (compared to 7 in 2012). The most “agrarian” in Ukraine (with a share of agriculture in gross value added over 30%) in 2017 became the Kherson, Kirovohrad and Khmelnytsky regions. Increasing the level of “agrarianization” of the national economy in the context of volatility of agricultural commodity prices on the world markets poses significant risks for the socio-economic development of Ukraine and its regions. These risks are exacerbated by the high amplitude of fluctuations in the volume and structure of domestic agricultural products and the low degree of processing of raw materials. To improve the structure of domestic commodity exports (in the direction of increasing its share of products with a higher degree of processing) and to deepen its diversification, a number of measures should be carried out aimed at stimulating export activity of enterprises (industrial and agro-industrial), carrying out technical and technological re-equipment of industrial and export production bases, creation of new high-tech industries on the basis of the implementation of powerful innovation and investment projects.


Author(s):  
Sagar Pathane ◽  
Uttam Patil ◽  
Nandini Sidnal

The agricultural commodity prices have a volatile nature which may increase or decrease inconsistently causing an adverse effect on the economy. The work carried out here for predicting prices of agricultural commodities is useful for the farmers because of which they can sow appropriate crop depending on its future price. Agriculture products have seasonal rates, these rates are spread over the entire year. If these rates are known/alerted to the farmers in advance, then it will be promising on ROI (Return on Investments). It requires that the rates of the agricultural products updated into the dataset of each state and each crop, in this application five crops are considered. The predictions are done based on neural networks Neuroph framework in java platform and also the previous years data. The results are produced on mobile application using android. Web based interface is also provided for displaying processed commodity rates in graphical interface. Agricultural experts can follow these graphs and predict market rates which can be informed to the farmers. The results will be provided based on the location of the users of this application.


2017 ◽  
Vol 12 (03) ◽  
pp. 1750012 ◽  
Author(s):  
MUSTAFA GÜLERCE ◽  
GAZANFER ÜNAL

The aim of this paper is to show that the estimates made with vector autoregressive–moving-average (ARMA) models based on the coherent time intervals of the multiple time series give more precise results than the univariate case. The previous literature on dynamic correlations (co-movement) in between food and energy prices has mixed results and mainly based on parametric approaches. Therefore, partial wavelet coherence (PWC) and multiple wavelet coherence (MWC) methods are used, respectively, to uncover the coherency simultaneously for time and frequency domains. In our study; world oil, corn, soybeans, wheat and sugar prices are examined instead of the return and volatility relationship between oil and agricultural commodities due to model-free approach of wavelet analysis.


2019 ◽  
Vol 61 ◽  
pp. 627-642
Author(s):  
Zesheng Sun ◽  
Yaoqing Wang ◽  
Xu Zhou ◽  
Lunan Yang

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