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El Nino And Coffee Price Volatility In 1997

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  • Frechette, Darren L.
  • Delavan, Willard

Abstract

Coffee price volatility was extreme in 1997. With no obvious drought or freezing conditions in major growing countries, market analysts blamed El Nino. Alternatively, economic theory implies that commodity price volatility should be high when inventories are low. We analyze and test these two hypotheses

Suggested Citation

  • Frechette, Darren L. & Delavan, Willard, 1998. "El Nino And Coffee Price Volatility In 1997," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20908, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20908
    DOI: 10.22004/ag.econ.20908
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    References listed on IDEAS

    as
    1. Danthine, Jean-Pierre & Moresi, Serge, 1993. "Volatility, information and noise trading," European Economic Review, Elsevier, vol. 37(5), pages 961-982, June.
    2. Harvey Lapan & Giancarlo Moschini, 1994. "Futures Hedging Under Price, Basis, and Production Risk," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(3), pages 465-477.
    3. Peter G. Helmberger & Robert D. Weaver & Kathleen T. Haygood, 1982. "Rational Expectations and Competitive Pricing and Storage," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(2), pages 266-270.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Demand and Price Analysis;

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