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Are current EU cereal prices correlated?

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  • Buczkowski, Rafal
  • García-Azcarate, Tomás

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 Romania 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.

Suggested Citation

  • Buczkowski, Rafal & García-Azcarate, Tomás, 2015. "Are current EU cereal prices correlated?," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 15(02).
    • Handle: RePEc:ags:earnsa:229595
    DOI: 10.22004/ag.econ.229595
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