Riesgo de precio en commodities : ¿profundización en la sensibilidad de precios agrícolas ante shocks de tasa de interés?

Rondinone, Gonzalo; Thomasz, Esteban Otto

doi:10.1016/j.cya.2016.02.002

Cited by 2 publications

(1 citation statement)

References 18 publications

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“…Finally, the total loss is converted into a monetary value by means of the soybean and maize international prices, considering that Argentina is price-acceptant and that much of the production of both crops is export-oriented. In Rondinone and Thomasz (2016), it was found that the main factors influencing international soybean prices are the USA’s stock levels relative to global demand, the prevailing interest rate and the value of the US$ relative to other major currencies. Although Argentina is a key global producer of soybeans, its production level does not appear to have a significant impact on these international prices, except when US stock levels are low, and event in this cases it can be considered a price taker (Thomasz et al , 2021; Thomasz et al , 2017).…”

Section: Methodsmentioning

confidence: 99%

Impact valuation of droughts in soybean and maize production: the case of Argentina

Thomasz,

Vilker,

Pérez-Franco

et al. 2023

IJCCSM

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Purpose In Argentina, soy and maize represent 28% of the total country exports, affecting the balance of payments, international reserves accumulation and sovereign credit risk. In the past 10 years, three extreme and moderate droughts have affected the agricultural areas, causing significant losses in soybean and maize production. This study aims to estimate the economic impact generated by different drought levels for soy and maize production areas through a financial perspective that allows the estimation of the cash flow and income losses. Design/methodology/approach By analyzing the extreme deviations in yields during dry periods, the losses generated by droughts were valuated among 183 departments nationwide. Findings The aggregated results indicated a total loss of US$24.170m, representing 57.45% of the international reserves of the Argentinean Central Bank in 2021. This estimate shows the magnitude of the climate impact on the Argentinean economy, indicating that severe droughts have macroeconomic impacts, with the external sector as the main transmission channel in an economy with historic restrictions on the balance of payments, international reserve accumulation and sovereign credit risk. Originality/value This study analyses the macroeconomic impact of drought on Argentinean soybean and maize production.

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Section: Methodsmentioning

confidence: 99%

Impact valuation of droughts in soybean and maize production: the case of Argentina

Thomasz,

Vilker,

Pérez-Franco

et al. 2023

IJCCSM

Self Cite

View full text Add to dashboard Cite

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Feed price risk management for sheep production in Spain: a composite future cross-hedging strategy

et al. 2022

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Riesgo de precio en commodities : ¿profundización en la sensibilidad de precios agrícolas ante shocks de tasa de interés?

Abstract: Disponible en www.sciencedirect.com www.cya.unam.mx/index.php/cya Riesgo de precio en commodities: ¿profundización en la sensibilidad de precios agrícolas ante shocks de tasa de interés?

Cited by 2 publications

References 18 publications

Impact valuation of droughts in soybean and maize production: the case of Argentina

Impact valuation of droughts in soybean and maize production: the case of Argentina

Feed price risk management for sheep production in Spain: a composite future cross-hedging strategy

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