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The Volatility of the International Price and the Trinidad and Tobago Export Price of Cocoa

Author

Listed:
  • Pemberton, Carlisle
  • De Sormeaux, Afiya
  • Patterson-Andrews, Hazel

Abstract

Cocoa prices are known to be volatile and this volatility has been known to affect the cocoa industry. This paper first examines the volatility of the international cocoa price and compares this volatility to the international price of coffee. The measure of volatility that is used is the moving standard deviation. The paper then measures the volatility of the export price of cocoa from Trinidad and Tobago and concludes by discussing how price volatility affects the marketing of tropical commodities like cocoa.

Suggested Citation

  • Pemberton, Carlisle & De Sormeaux, Afiya & Patterson-Andrews, Hazel, 2015. "The Volatility of the International Price and the Trinidad and Tobago Export Price of Cocoa," 30th West Indies Agricultural Economics Conference, June 30-July 6, 2013, Port‐ of‐Spain, Trinidad, West Indies 242078, Caribbean Agro-Economic Society.
    • Handle: RePEc:ags:cars13:242078
    DOI: 10.22004/ag.econ.242078
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