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The Volatility of the Global Food Price Index and Influencing Factors

In: Proceedings of the 5th International Conference on Research in Management and Technovation

Author

Listed:
  • Tuyen Trung Dang

    (VNU University of Economics and Business)

  • Hong Thi Nguyen

    (East Asia University of Technology)

  • Suong Thi Mai Nguyen

    (VNU University of Economics and Business)

  • Cuong Tran

    (Hanoi University of Industry)

  • Trung Ngoc Nguyen

    (Electric Power University)

  • Cung Huu Nguyen

    (VNU School of Interdisciplinary Sciences and Arts)

Abstract

The paper utilized monthly data spanning from January 2000 to October 2023 and employed the ARDL model to analyze the factors influencing the global food price index. The findings indicate that the financial volatility index has a significant impact on agricultural markets. However, despite the ongoing Russia-Ukraine conflict, there is insufficient scientific evidence to support the impact of geopolitical risk and economic policy uncertainty on the global food price index. In light of these results, the paper suggests policy recommendations aimed at stabilizing food prices in countries and ensuring global food security. These include enhancing techniques for evaluating and forecasting global food price volatility, improving risk management strategies for food price fluctuations, and fostering international cooperation to address food price instability. The findings and recommendations of this study offer valuable guidance for governments in managing, controlling, and mitigating the risks associated with food price fluctuations, thereby protecting both people's livelihoods and the nation’s economic stability.

Suggested Citation

  • Tuyen Trung Dang & Hong Thi Nguyen & Suong Thi Mai Nguyen & Cuong Tran & Trung Ngoc Nguyen & Cung Huu Nguyen, 2025. "The Volatility of the Global Food Price Index and Influencing Factors," Springer Proceedings in Business and Economics, in: Nga Thi Hong Nguyen & José António C. Santos & Vijender Kumar Solanki & Anh Ngoc Mai (ed.), Proceedings of the 5th International Conference on Research in Management and Technovation, pages 361-372, Springer.
    • Handle: RePEc:spr:prbchp:978-981-97-9992-3_24
    DOI: 10.1007/978-981-97-9992-3_24
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