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Exact(9)
For many developed countries, the increase in the grain price in 2007 and 2008 was easily absorbed and had marginal impact on food availability.
If the grain price has dropped, he can buy back his futures contract at less than he sold it for; his profit from doing so will be offset by his loss on the grain.
The collapse in the grain price when Europe's harvest recovered contributed to the American economy's first major depression.The historian John Post, in a study of Tambora's effects published in 1977, "The Last Great Subsistence Crisis in the Western World", held that the volcano reshaped European politics.
My cheap jersey vest tops (what the hell, I'll buy one in an on-trend pastel peach, because it's only a few quid and I can always recycle it when I get bored with looking fashionably sickly) mean that the grain price goes up.
We shouldn't write off all derivatives and futures, because, of course, if you're a farmer you might want to sell your next crop now at a future price, or you might want to protect yourself – hedging effectively – against wild fluctuations in the wheat price, the grain price, the sheep price.
Aker (2010) Niger Primary Data The use of mobile phone services has reduced grain price dispersion.
Similar(50)
Rising grain prices are also a worry.
But higher grain prices boosted Archer Daniels Midland.
Grain prices immediately rose on the news.
Grain prices were soaring, rice stocks plummeting.
This payment system helps lower grain prices.
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