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Deconstructing Urea Fertilizer Price Spikes: The Role of Supply-Demand, Speculation, and Energy Prices

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  • Hu, Zhepeng
  • Huang, Joshua
  • Yan, Lei
  • Yuan, Jinghong

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  • Hu, Zhepeng & Huang, Joshua & Yan, Lei & Yuan, Jinghong, 2023. "Deconstructing Urea Fertilizer Price Spikes: The Role of Supply-Demand, Speculation, and Energy Prices," 2023 Annual Meeting, July 23-25, Washington D.C. 335529, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea22:335529
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    References listed on IDEAS

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    1. Kilian, Lutz & Zhou, Xiaoqing, 2022. "The impact of rising oil prices on U.S. inflation and inflation expectations in 2020–23," Energy Economics, Elsevier, vol. 113(C).
    2. Angus Deaton & Guy Laroque, 1992. "On the Behaviour of Commodity Prices," Review of Economic Studies, Oxford University Press, vol. 59(1), pages 1-23.
    3. Lütkepohl, Helmut & Meitz, Mika & Netšunajev, Aleksei & Saikkonen, Pentti, 2021. "Testing identification via heteroskedasticity in structural vector autoregressive models," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 24(1), pages 1-22.
    4. Anton Bekkerman & Thomas Gumbley & Gary W. Brester, 2021. "The Impacts of Biofuel Policies on Spatial and Vertical Price Relationships in the US Fertilizer Industry," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(2), pages 802-822, June.
    5. Geman, Helyette & Vergel Eleuterio, Pedro, 2013. "Investing in fertilizer–mining companies in times of food scarcity," Resources Policy, Elsevier, vol. 38(4), pages 470-480.
    6. Lütkepohl, Helmut & Netšunajev, Aleksei, 2017. "Structural vector autoregressions with heteroskedasticity: A review of different volatility models," Econometrics and Statistics, Elsevier, vol. 1(C), pages 2-18.
    7. Rigobon, Roberto, 2003. "On the measurement of the international propagation of shocks: is the transmission stable?," Journal of International Economics, Elsevier, vol. 61(2), pages 261-283, December.
    8. Valentina G. Bruno & Bahattin Büyükşahin & Michel A. Robe, 2017. "The Financialization of Food?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 99(1), pages 243-264.
    9. Zhepeng Hu & B. Wade Brorsen, 2017. "Spatial Price Transmission and Efficiency in the Urea Market," Agribusiness, John Wiley & Sons, Ltd., vol. 33(1), pages 98-115, January.
    10. Bollerslev, Tim, 1987. "A Conditionally Heteroskedastic Time Series Model for Speculative Prices and Rates of Return," The Review of Economics and Statistics, MIT Press, vol. 69(3), pages 542-547, August.
    11. Xiaoli Liao Etienne & Andrés Trujillo-Barrera & Seth Wiggins, 2016. "Price and volatility transmissions between natural gas, fertilizer, and corn markets," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 76(1), pages 151-171, May.
    12. Xiaoli Liao Etienne & Andrés Trujillo-Barrera & Seth Wiggins, 2016. "Price and volatility transmissions between natural gas, fertilizer, and corn markets," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 76(1), pages 151-171, May.
    13. Lutz Kilian & Daniel P. Murphy, 2014. "The Role Of Inventories And Speculative Trading In The Global Market For Crude Oil," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 29(3), pages 454-478, April.
    14. Deaton, Angus & Laroque, Guy, 1996. "Competitive Storage and Commodity Price Dynamics," Journal of Political Economy, University of Chicago Press, vol. 104(5), pages 896-923, October.
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    Keywords

    Marketing; Agribusiness; Risk and Uncertainty;
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