The effects of dollar/sterling exchange rate volatility on futures markets for coffee and cocoa

Jumah, Adusei

doi:10.1093/erae/28.3.307

Cited by 9 publications

(4 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This confirms that the ICE traded US and London Cocoa futures price will influence the price of Dry Cocoa in India. This finding is similar to the findings of (Jumah and Kunst 2001) and (Sahay et al 2002). They found the linkage of the currencies, US Dollar and Pound Sterling, with Cocoa prices in the international market.…”

Section: Var Modelsupporting

confidence: 93%

Using Econometric Models to Manage the Price Risk of Cocoa Beans: A Case from India

Kumar

Spulbăr

Pinto³

et al. 2022

Risks

View full text Add to dashboard Cite

This study aims at developing econometric models to manage the price risk of Dry and Wet Cocoa beans with the help of ARIMA (Autoregressive Integrated Moving Average) and VAR (Vector Auto Regressive). The monthly price of Cocoa beans is collected for the period starting from April 2009 to March 2020 from the office of CAMPCO Limited, Mangalore, and the ICE Cocoa futures price from the website of investing.com. The augmented dickey fuller test is used to test the stationarity of the series. The ACF and PACF correlograms are used to identify the tentative ARIMA model. Akaike information criterion (AIC) and Schwarz criterion (SBIC), Sigma square, and adjusted R2 are used to decide on the optional AR and MA terms for the models. Durbin–Watson statistics and correlograms of the residuals are used to decide on the model’s goodness of fit. Identified optimal models were ARIMA (1, 1, 0) for the Dry Cocoa beans price series and ARIMA (1, 1, 2) for the Wet Cocoa beans price series. The multivariate VAR (1) model found that the US and London Cocoa futures prices traded on the ICE platform will influence the price of Dry Cocoa in India. This study will be helpful to forecast the price of Cocoa beans to manage the price risk, precisely for Cocoa traders, Chocolate manufacturers, Cocoa growers, and the government for planning and decision-making purposes.

show abstract

Section: Var Modelsupporting

confidence: 93%

Using Econometric Models to Manage the Price Risk of Cocoa Beans: A Case from India

Kumar

Spulbăr

Pinto³

et al. 2022

Risks

View full text Add to dashboard Cite

show abstract

“…However, the study reported by Chou et al, P. fluorescens has been found to be more sensitive toward the cocoa extract which confirms the result obtained for the gel extract but the same was not found for the powder extract [99].…”

Section: Discussionmentioning

confidence: 65%

Controllable Transdermal Drug Delivery of Theobroma cacao Extract Based Polymeric Hydrogel against Dermal Microbial and Oxidative Damage

Agarwal¹,

Tyagi²,

Agarwal³

et al. 2019

FNS

View full text Add to dashboard Cite

Human dermal layers are directly bared to the external environmental adversities like pollution, radiation, dust along with various chemical and mechanical stress conditions which constantly lead to the oxidative stress, eventually forming free radicals. These conditions also support the dermal microbial infections by invading the cutaneous layers. Therefore, the most efficient approach accepted globally to combat these complications is to opt for transdermal application of exogenous antioxidants which helps in reducing the ill effects of oxidative stress and promotes the DNA repair. However, many scientific findings exhibited the potential role of Theobroma cacao for providing efficient skin protection. Theobroma cacao known for its vital procyanidin flavonoids, phenolic compounds, methylxanthines, catechin and epicatechin phytoconstituents with numerous health benefits, besides helping in smoothening and softening the damaged skin. These therapeutic benefits of cocoa phytocompounds are attributed to its anti-inflammatory and antioxidative characteristics. This study addresses the fabrication and optimizations of Theobroma cacao extract loaded carbopol hydrogel system for increased antioxidative and antimicrobial effects. It was found in the studies that the hydrogel-based T. cacao extract (TCHG) has significantly improved the therapeutic index of the extract, making it more suitable for transdermal application. The optimized hydrogel was further characterized by physicochemical parameters, SEM analysis and in-vitro release kinetics. The reported findings showed the sustained compound release with comparatively significant antimicrobial activity of TCHG against microbial

show abstract

“…This study also adds to the strand of literature examining the exchange rate's influence on agricultural prices, which was first investigated by Schuh (1974). While some authors have followed a price transmission approach (Frank & Garcia, 2010; Hatzenbuehler et al., 2016; Ma et al., 2015; Mao et al., 2021; Swift, 2004), others have applied a price volatility framework to address this issue (Jumah & Kunst, 2001; Ott, 2014; Serra & Gil, 2013).…”

Section: Introductionmentioning

confidence: 99%

Impact of the Ruble exchange rate regime and Russia's war in Ukraine on wheat prices in Russia

Yugay,

Götz,

Svanidze

2024

Agricultural Economics

View full text Add to dashboard Cite

We assess exchange rate pass‐through when the Ruble exchange rate was managed in comparison with when it became free‐floating. Estimates of the error correction model for milling wheat prices suggest exchange rate pass‐through to be strongest in Russia's North Caucasus, the region closest to the Black Sea ports, and weakest in the remote regions of Volga and West Siberia since the Ruble exchange rate became free‐floating in 2014. In contrast, we find Russian regional wheat prices and the Ruble/USD exchange rate not cointegrated when the exchange rate was managed. Further, feed wheat (Class 5) is only weakly integrated compared to wheat Classes 3 and 4 for human consumption. With Russia's invasion of Ukraine, exchange rate pass‐through to Russian wheat prices has decreased sharply. Thus, the Ukraine war drives the disintegration of Russia's wheat sector from international markets and adds to the risks of supply chain disruption and geopolitical risks, which may increase export supply volatility. To strengthen trade resilience, countries that are dependent on wheat imports should diversify their import sources.

show abstract

The effects of dollar/sterling exchange rate volatility on futures markets for coffee and cocoa

Cited by 9 publications

References 0 publications

Using Econometric Models to Manage the Price Risk of Cocoa Beans: A Case from India

Using Econometric Models to Manage the Price Risk of Cocoa Beans: A Case from India

Controllable Transdermal Drug Delivery of Theobroma cacao Extract Based Polymeric Hydrogel against Dermal Microbial and Oxidative Damage

Impact of the Ruble exchange rate regime and Russia's war in Ukraine on wheat prices in Russia

Contact Info

Product

Resources

About