Are current EU cereal prices correlated?

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.

Issue Date:
Publication Type:
Journal Article
DOI and Other Identifiers:
DOI: 10.7201/earn.2015.02.06 (Other)
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Published in:
Economia Agraria y Recursos Naturales, Volume 15, Number 02
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JEL Codes:
C49; P22; P28; Q11; Q17

 Record created 2017-04-01, last modified 2018-01-23

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