This textbook addresses the core issues facing economists concerning price determination in commodity markets, especially food and agricultural commodities. This book hones in on the conceptual basis of the various relationships, with special emphasis on market interrelationship…
"Commodities have become and important component of many investors' portfolios and the focus of much political controversy over the past decade. This book utilizes structural models to provide a better understanding of how commodities' prices behave and what drives them. It expl…
"The antecedent to the present work is Marian Radetzki's book A Guide to Primary Commodities in the World Economy, published by Blackwell in 1990, three decades ago. In that book Radetzki presented the gist of what he had learnt over the 30 preceding years of active study and re…