Do oil prices drive food prices? The tale of a structural break

Sugar Commodity Price Analysis: Examining Sugar Producer Countries

“…So there is a tendency to trade-off between gold and sugar commodity prices. The same result where found by Avalos [17] in corn and gold.…”

U.S. Monetary Policy, Commodity Prices and the Financialization Hypothesis

“…Here, the 2007-2008 global crisis may disrupt the analysis as it follows the 2006-2008 food crisis and also represents a structural breakdown with regard to the above-mentioned relationships (Creti et al, 2013;Han et al, 2015;Wang et al, 2014). As a consequence, correlations are specified and causal relationships are identified, for example from 2006 regarding, specifically, corn and soybean (Avalos, 2014) or, more broadly, over thirty years for twenty-four agricultural commodities in a panel setting (Nazlioglu and Soyta, 2012).…”

Spillovers between Food and Energy Prices and Structural Breaks

“…Since then, ethanol has been the only practical way to comply with the new standard. Therefore, in mid-2006, ethanol became the only available gasoline additive (Avalos, 2014). Abbott et al (2009) described the link between food and fuel and argued that these two markets were historically independent until 2006, when ethanol usage became large enough to influence world energy prices.…”