• Home
  • About
  • Submit an article
  • Browse
No Result
View All Result
  • Home
  • About
  • Submit an article
  • Browse
No Result
View All Result
Akistudies
No Result
View All Result
Home Browse 2014 – Volume 116 Volume 116 - Issue 3

Do Black Sea maize prices influence maize futures price discovery in Hungary? An analysis of the relationship between Hungarian and Black Sea maize prices

byPOTORI, NorbertandJOZSA, Monika
  • Year 2014
  • Volume 116
  • Issue 3
  • Pages 148-152

As the Black Sea Region (BSR) has recently emerged as a major world grain exporter region, this study assesses the possible influence of BSR maize prices on maize futures prices in Hungary. To measure the linear relationship between these prices the Pearson’s correlation was used, and to estimate their cointegration the Johansen test was performed for the period April 2011 to December 2013. Prices of Paris (MATIF) and Chicago (CBOT) maize futures were also included in the analysis for comparison. The results suggest that BSR maize prices had little or no influence on futures price discovery in Hungary during the period investigated. From this it can be concluded that (a) BSR supply and demand conditions bore negligible importance for market participants, and (b) Budapest Stock Exchange maize futures may not be efficient tools for hedging price risks associated with Hungarian maize exports to third countries where prices are derived from quotes at BSR seaports. On the other hand, MATIF maize futures prices had a measurable impact on the pricing of maize futures in Hungary, although this connection disappeared for the period April-December 2013. The same was true for CBOT maize futures prices which Hungarian maize futures prices were also cointegrated with in a revised 2012/2013 crop year (April-March). Some possible causes of the dis-association of these markets observed recently are discussed.

Tags: Black Sea RegionHungarymaizeprice cointegrationprice correlation
  • http://dx.doi.org/10.7896/j.1417
Download PDF
Previous Post

Determinants of food availability and access in Ghana: what can we learn beyond the regression results?

Next Post

Farmers’ risk perception, risk aversion and strategies to cope with production risk: an empirical study from Poland

Search

No Result
View All Result

Journal Metrics

Scimago Journal & Country Rank

 

 

 

 

  • Scopus SJR (2022): 0.27
  • Scopus CiteScore (2022): 2.0
  • WoS Journal Impact Factor (2022): 1.2
  • WoS Journal Citation Indicator (2022): 0.45
  • ISSN (electronic): 2063-0476
  • ISSN-L 1418-2106

 

Impressum

Publisher Name: Institute of Agricultural Economics Nonprofit Kft. (AKI)

Publisher Headquarters: Zsil utca 3-5, 1093-Budapest, Hungary

Name of Responsible Person for Publishing:        Dr. Pal Goda

Name of Responsible Person for Editing:             Dr. Attila Jambor

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

The publication cost of the journal is supported by the Hungarian Academy of Sciences.

GDPR – Content Alert

 

GDPR – Submission

 

Publication Ethics and Malpractice Statement (PEMS)

 

Instructions for Authors

Most viewed

Food price situation in Europe

byMATTHEWS, Alan
20/08/2023
0

Food prices in the EU have risen dramatically in 2022 and the first half of 2023. The drivers of this...

The food price situation in Central Asia

bySEROVA, EugeniaandYANBYKH, Renata
20/08/2023
0

The COVID-19 pandemic has had serious implications for food security around the world. The Russian-Ukrainian military conflict led to another...

Food Price Inflation in East and Southeast Asia: Situation, Driving Forces, and the Outlook

byZHOU, YunyiandCHEN, Kevin Z.
20/08/2023
0

Food price inflation has raised concerns about food insecurity and systemic crises in East and Southeast Asia, given the region’s...

Food prices in Africa

byMEYER, Ferdi,VINK, Nick,DAVIDS, TracyandVERMEULEN, Hester
20/08/2023
0

Food prices in Africa respond in familiar ways to changes in the global environment, but there are a number of...

Keywords

adoption (5) Africa (3) agricultural exports (3) agriculture (12) AKIS (3) CAP (3) Central and Eastern Europe (3) climate change (5) Common Agricultural Policy (3) competitiveness (5) consumer behaviour (3) consumer preferences (4) Covid-19 (5) dairy farms (3) Data Envelopment Analysis (3) economic growth (3) efficiency (3) elasticity (3) European Union (7) FADN (3) family farms (4) farmers (3) farm income (3) food price (3) Hungary (5) impact evaluation (4) inflation (3) innovation (4) Kosovo (3) LEADER (4) maize (3) off-farm income (4) participation (3) policy (4) price transmission (3) risk management (3) rural areas (4) rural development (13) social capital (3) social innovation (3) Structural Funds (3) sustainability (5) sustainable agriculture (4) technical efficiency (6) trends (2)
Institute of Agricultural Economics
  • Home
  • About
  • Browse
  • Submission
© 2019 Copyright All rights reserved.
No Result
View All Result
  • Home
  • About
  • Submit an article
  • Browse

© 2019 Copyright All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.