Tag: maize

Climate Factors and Maize Price Volatility in Developing Countries: Evidence from Benin

Changes in climate conditions are expected to significantly alter food production patterns and increase food price volatility, leading to challenges for food and nutrition security. Thus, this paper aims to investigate the extent to which climate factors contribute to the volatility of maize price in Benin, using monthly data from 7 markets. To this end, an autoregressive conditional heteroskedasticity in mean (ARCH-M) model is estimated. Mean and variance equations of monthly maize price are specified as functions of temperature, rainfall of the growing season and a set of control variables including a policy variable and the international price of maize with an ARCH(1) term in the variance equation. The findings from the mean equation suggest that rainfall has a negative effect on maize prices. Moreover, the estimation results from the variance equation indicate that rainfall and temperature are negatively associated with price volatility. Therefore, the findings indicate that climate change will affect maize price volatility.

Adoption of multiple agricultural technologies in maize production of the Central Rift Valley of Ethiopia

The improvement of agricultural productivity using technology is an important avenue for increasing output, reducing poverty and tackling land degradation. However, there is disagreement about which type of technology is most appropriate for smallholders. While some promote the need for natural resource management practices and low external input, others advocate the need for input intensifi cation. This study has examined the nature of the relationship that exists between the two broad categories by using fertiliser and certifi ed seed as input-intensive technologies and manure and soil conservation as natural resource management practices. Alongside this, the paper has also identifi ed the factors that facilitate and impede the probability of those technologies being adopted.

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

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 ...

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  • 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



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.

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