Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses
This study examines the cointegration of sesame market prices in eight Ethiopian Commodity Exchange (ECX) warehouses and its implications for improving the functioning of sesame markets. We analyzed 489 weekly market price data points for each of the eight ECX warehouses, covering the period from en...
| Main Authors: | , , , , , |
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| Format: | Informe técnico |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
2024
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/169871 |
| _version_ | 1855532384517095424 |
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| author | Tazeze, Aemro Kassie, Girma T. Abate, Gashaw T. Worku, Yonas Asnake, Woinishet Minot, Nicholas |
| author_browse | Abate, Gashaw T. Asnake, Woinishet Kassie, Girma T. Minot, Nicholas Tazeze, Aemro Worku, Yonas |
| author_facet | Tazeze, Aemro Kassie, Girma T. Abate, Gashaw T. Worku, Yonas Asnake, Woinishet Minot, Nicholas |
| author_sort | Tazeze, Aemro |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This study examines the cointegration of sesame market prices in eight Ethiopian Commodity Exchange (ECX) warehouses and its implications for improving the functioning of sesame markets. We analyzed 489 weekly market price data points for each of the eight ECX warehouses, covering the period from end of 2014 to mid-2024. We estimate the Multivariate Vector Error Correction Model (ECM) to analyze short- and long-term spatial price adjustments across warehouses. Of the eight warehouses, six showed significant spatial integration. The VECM results showed effective price transmission and strong short- and longterm market relationships. Short-term dynamics particularly revealed complex interactions. These findings highlight the varying impacts of price fluctuations between warehouses and the need to understand these interactions for better strategic decision making, resource allocation, and pricing strategy refinement. Furthermore, accelerating the speed of price pass through is vital to improve the livelihoods of sesame farmers in Ethiopia. |
| format | Informe técnico |
| id | CGSpace169871 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1698712025-12-08T09:54:28Z Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses Tazeze, Aemro Kassie, Girma T. Abate, Gashaw T. Worku, Yonas Asnake, Woinishet Minot, Nicholas market prices commodity markets farmers livelihoods sesame seed food security This study examines the cointegration of sesame market prices in eight Ethiopian Commodity Exchange (ECX) warehouses and its implications for improving the functioning of sesame markets. We analyzed 489 weekly market price data points for each of the eight ECX warehouses, covering the period from end of 2014 to mid-2024. We estimate the Multivariate Vector Error Correction Model (ECM) to analyze short- and long-term spatial price adjustments across warehouses. Of the eight warehouses, six showed significant spatial integration. The VECM results showed effective price transmission and strong short- and longterm market relationships. Short-term dynamics particularly revealed complex interactions. These findings highlight the varying impacts of price fluctuations between warehouses and the need to understand these interactions for better strategic decision making, resource allocation, and pricing strategy refinement. Furthermore, accelerating the speed of price pass through is vital to improve the livelihoods of sesame farmers in Ethiopia. 2024-12-24 2025-01-24T19:48:46Z 2025-01-24T19:48:46Z Report https://hdl.handle.net/10568/169871 en Open Access application/pdf International Food Policy Research Institute Tazeze, Aemro; Kassie, Girma T.; Abate, Gashaw T.; Worku, Yonas; Asnake, Woinishet; and Minot, Nicholas. 2024. Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses. CGIAR Initiative on Rethinking Food Markets Technical Report December 2024. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/169871 |
| spellingShingle | market prices commodity markets farmers livelihoods sesame seed food security Tazeze, Aemro Kassie, Girma T. Abate, Gashaw T. Worku, Yonas Asnake, Woinishet Minot, Nicholas Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses |
| title | Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses |
| title_full | Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses |
| title_fullStr | Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses |
| title_full_unstemmed | Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses |
| title_short | Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses |
| title_sort | cointegration analysis of sesame prices in ethiopian commodity exchange warehouses |
| topic | market prices commodity markets farmers livelihoods sesame seed food security |
| url | https://hdl.handle.net/10568/169871 |
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