IDEAS home Printed from https://ideas.repec.org/a/taf/tcpoxx/v12y2012isup01ps53-s61.html
   My bibliography  Save this article

Agricultural commodities and climate change

Author

Listed:
  • Kirsty Lewis
  • Claire Witham

Abstract

The agricultural commodity market is sensitive to variations in weather and climate, which can disrupt supply and cause price fluctuations. Some of the key positive and negative impacts of climate change on agricultural commodities, using the examples of wheat and barley, are identified; of particular significance are temperature changes, water availability, and CO 2 fertilization. Although they are not exempt from the negative impacts of climate change, higher latitude regions of production, including Canada and Russia, will benefit the most from climate change. The impacts on other important production regions, such as parts of Europe, the US, and Argentina, will be more mixed. Market stability in all regions will also be affected by changes in climate and weather extremes. To increase resilience to the effects of weather events and climate change on the agricultural commodity market, countries should diversify their sources of supply, encourage more countries to grow and export the relevant commodities, and support crop research and climate adaptation. Policy relevance Climate change will substantially affect future food security and the price of agricultural commodities. This study takes a broad approach to identify the key aspects of the agricultural commodities market that are vulnerable to climate change and suggests ways in which policy makers might improve its resilience.

Suggested Citation

  • Kirsty Lewis & Claire Witham, 2012. "Agricultural commodities and climate change," Climate Policy, Taylor & Francis Journals, vol. 12(sup01), pages 53-61, September.
  • Handle: RePEc:taf:tcpoxx:v:12:y:2012:i:sup01:p:s53-s61
    DOI: 10.1080/14693062.2012.728790
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/14693062.2012.728790
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/14693062.2012.728790?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cao, Yan & Cheng, Sheng & Li, Xinran, 2024. "Co-movements between heterogeneous crude oil and food markets: Does temperature change really matter?," Research in International Business and Finance, Elsevier, vol. 67(PB).
    2. Platania, Federico & Hernandez, C. Toscano & Arreola, Fernanda, 2022. "Social media communication during natural disasters and the impact on the agricultural market," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    3. Su, Yuandong & Liang, Chao & Zhang, Li & Zeng, Qing, 2022. "Uncover the response of the U.S grain commodity market on El Niño–Southern Oscillation," International Review of Economics & Finance, Elsevier, vol. 81(C), pages 98-112.
    4. Shanghui Jia & Xinhui Chen & Liyan Han & Jiayu Jin, 2023. "Global climate change and commodity markets: A hedging perspective," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 43(10), pages 1393-1422, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:tcpoxx:v:12:y:2012:i:sup01:p:s53-s61. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/tcpo20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.