Are current EU cereal prices correlated?


  • Rafal Buczkowski European Commission
  • Tomás García Azcárate Instituto de Economía, Geografía y Demografía del CSIC; Solvay Brussels School n Economics and Management (SBSEM); Académie de l’Agriculture de France



Cereals, Common Agricultural Policy, Europe.


This paper evaluates the correlations between European cereal prices in up to 87 markets of 24 Member States. History and geography play a role: The highest correlations are observed between closely located internal markets of the “old” Union; prices are more correlated along transport routes, in particular rivers. We observe that 10 years after the Accession (8 in the case of Rumania and Bulgaria) we do not have a complete integration between the “old” and the “new” Member States. We advance several possible explanations: Weaker producers’ organisations, lack of storage facilities, less efficient transport facilities.


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Author Biography

Rafal Buczkowski, European Commission

Colaborador Cientifico CSIC. Miembro de la Academia de la Agricultura de Francia.Maître de Conférence


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