Are current EU cereal prices correlated?

Authors

  • Rafal Buczkowski European Commission.
  • Tomás García Azcárate Instituto de Economía, Geografía y Demografía del CSIC; Solvay Brussels School n Economics and Management (SBSEM) and Académie de l’Agriculture de France.

DOI:

https://doi.org/10.7201/earn.2015.02.06.

Keywords:

Cereals, Common Agricultural Policy, Europe.

Abstract

This paper evaluates the correlations between European cereal prices in up to 87 markets of 24 Member States. History and geography play a role: The highest correlations are observed between closely located internal markets of the “old” Union; prices are more correlated along transport routes, in particular rivers. We observe that 10 years after the Accession (8 in the case of Rumania and Bulgaria) we do not have a complete integration between the “old” and the “new” Member States. We advance several possible explanations: Weaker producers’ organisations, lack of storage facilities, less efficient transport facilities.

Author Biography

Rafal Buczkowski , European Commission.

colaborador Cientifico CSIC Miembro de la Academia de la Agricultura de Francia

Downloads

Published

2015-12-18

Issue

Vol. 15 No. 2 (2015)

Section

Articles

License

Assignment of publishing rights for accepted manuscripts: Authors will assign to the Spanish Association of Agricultural Economics (Asociación Española de Economía Agraria, AEEA) the copyright of the manuscript and any supplemental tables, illustrations or other information submitted therewith that are intended for publication as part of or as a supplement to the manuscript in all forms and media (whether now known or hereafter developed), throughout the world, in all languages, for the full term of copyright, effective when and if the article is accepted for publication. No revisions, additional terms or addenda to this Agreement can be accepted without our express written consent.