The main drivers of arabica coffee prices in Latin America

This paper analyzes the determinants of arabica green coffee prices in Latin American countries using a time series analysis and panel data methods. For this purpose, we construct a panel of different coffee prices: Coffee Organization (ICO) composite prices for Brazilian Naturals, Colombian Milds,...

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Autores principales: Aliaga Lordemann, Javier, Mora-García, Claudio, Mulder, Nanno
Otros Autores: CLAC
Formato: Texto
Lenguaje:English
Publicado: ECLAC 2021
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Acceso en línea:http://hdl.handle.net/11362/46729
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spelling oai-11362-467292021-03-19T11:49:07Z The main drivers of arabica coffee prices in Latin America Aliaga Lordemann, Javier Mora-García, Claudio Mulder, Nanno CLAC FAIRTRADE CAFE PRECIOS COMERCIO INTERNACIONAL MERCADOS MODELOS ECONOMETRICOS COFFEE PRICES INTERNATIONAL TRADE MARKETS ECONOMETRIC MODELS This paper analyzes the determinants of arabica green coffee prices in Latin American countries using a time series analysis and panel data methods. For this purpose, we construct a panel of different coffee prices: Coffee Organization (ICO) composite prices for Brazilian Naturals, Colombian Milds, and Other Milds; prices paid by the Federación Nacional de Cafeteros de Colombia (FNC) to coffee growers; and farm gate prices by country. The results show that the Brazilian Real to USD real exchange rate, inflation, and rain in January affect prices positively. In contrast, green coffee inventories, the oil price, and the Colombian Peso to USD real exchange rate negatively affect coffee prices. Abstract .-- Introduction .-- I. Literature review .-- II. A simple pricing model for arabica coffee.-- III. Definition of variables and data sources .-- IV. Methods and results. A. Model 1: ICO composite prices (monthly, Jan‐1997 to Sep‐2020). B. Model 2: colombian prices and production (monthly, Jan‐1997 to Jun‐2020). C. Model 3: panel data for farm gate prices (annual, panel data, 1979 to 2019) .-- V. Discussion and conclusions. 2021-03-18T18:02:40Z 2021-03-18T18:02:40Z 2021-03-18 Texto Documento Completo http://hdl.handle.net/11362/46729 LC/TS.2021/25 en Documentos de Proyectos .pdf application/pdf AMERICA LATINA LATIN AMERICA ECLAC
institution Cepal
collection Cepal
language English
topic CAFE
PRECIOS
COMERCIO INTERNACIONAL
MERCADOS
MODELOS ECONOMETRICOS
COFFEE
PRICES
INTERNATIONAL TRADE
MARKETS
ECONOMETRIC MODELS
spellingShingle CAFE
PRECIOS
COMERCIO INTERNACIONAL
MERCADOS
MODELOS ECONOMETRICOS
COFFEE
PRICES
INTERNATIONAL TRADE
MARKETS
ECONOMETRIC MODELS
Aliaga Lordemann, Javier
Mora-García, Claudio
Mulder, Nanno
The main drivers of arabica coffee prices in Latin America
description This paper analyzes the determinants of arabica green coffee prices in Latin American countries using a time series analysis and panel data methods. For this purpose, we construct a panel of different coffee prices: Coffee Organization (ICO) composite prices for Brazilian Naturals, Colombian Milds, and Other Milds; prices paid by the Federación Nacional de Cafeteros de Colombia (FNC) to coffee growers; and farm gate prices by country. The results show that the Brazilian Real to USD real exchange rate, inflation, and rain in January affect prices positively. In contrast, green coffee inventories, the oil price, and the Colombian Peso to USD real exchange rate negatively affect coffee prices.
author2 CLAC
author_facet CLAC
Aliaga Lordemann, Javier
Mora-García, Claudio
Mulder, Nanno
format Texto
author Aliaga Lordemann, Javier
Mora-García, Claudio
Mulder, Nanno
author_sort Aliaga Lordemann, Javier
title The main drivers of arabica coffee prices in Latin America
title_short The main drivers of arabica coffee prices in Latin America
title_full The main drivers of arabica coffee prices in Latin America
title_fullStr The main drivers of arabica coffee prices in Latin America
title_full_unstemmed The main drivers of arabica coffee prices in Latin America
title_sort main drivers of arabica coffee prices in latin america
publisher ECLAC
publishDate 2021
url http://hdl.handle.net/11362/46729
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