Response of the Polish Wheat Prices to the World's Crude Oil Prices

Agricultural commodities prices play crucial role both in farmers income determination and in price relationship establishment for the whole economy. Among the factors influencing the wheat prices, crude oil prices are considered as one of the most important. The aim of this paper was to assess the character of linkage between world crude oil prices and Polish wheat prices. Results of the research confirm the existence of such linkage although the nature and the strength of this relationship changes over time. However, the long-run relationships between the crude oil and Polish wheat prices were not proven. Moreover, growing impact of crude oil prices on Polish wheat prices over time was not detected. The results suggest that exchange rates may strongly influence wheat prices. This in turn may weaken response of Polish wheat prices in relation to world crude oil prices.


Other Titles:
Citlivost Pol'skych cien psenice na svetove ceny ropy
Issue Date:
Jul 25 2012
Publication Type:
Journal Article
DOI and Other Identifiers:
10.22004/ag.econ.133169
ISSN 1336-9261 (Other)
Record Identifier:
https://ageconsearch.umn.edu/record/133169
PURL Identifier:
http://purl.umn.edu/133169
Published in:
Acta Oeconomica et Informatica, 15, 2
Page range:
50-56
Total Pages:
7
JEL Codes:
C22




 Record created 2017-04-01, last modified 2020-10-28

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