Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses

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cg.authorship.typesCGIAR single centreen
cg.authorship.typesCGIAR and developing country instituteen
cg.authorship.typesCGIAR and advanced research instituteen
cg.contributor.affiliationBahir Dar Universityen
cg.contributor.affiliationInternational Center for Agricultural Research Instituteen
cg.contributor.affiliationInternational Food Policy Research Instituteen
cg.contributor.affiliationGondar Agricultural Research Centeren
cg.contributor.donorCGIAR Trust Funden
cg.contributor.initiativeRethinking Food Markets
cg.coverage.countryEthiopia
cg.coverage.iso3166-alpha2ET
cg.coverage.regionAfrica
cg.coverage.regionEastern Africa
cg.coverage.regionSouthern Africa
cg.creator.identifierGirma T. Kassie: 0000-0001-7430-4291
cg.creator.identifierGashaw T. Abate: 0000-0003-2026-8066
cg.creator.identifierNicholas Minot: 0000-0001-9657-0427
cg.howPublishedGrey Literatureen
cg.identifier.projectIFPRI - Markets, Trade, and Institutions Unit
cg.identifier.publicationRankNot ranked
cg.placeWashington, DCen
cg.reviewStatusInternal Reviewen
cg.subject.impactAreaNutrition, health and food security
dc.contributor.authorTazeze, Aemroen
dc.contributor.authorKassie, Girma T.en
dc.contributor.authorAbate, Gashaw T.en
dc.contributor.authorWorku, Yonasen
dc.contributor.authorAsnake, Woinisheten
dc.contributor.authorMinot, Nicholasen
dc.date.accessioned2025-01-24T19:48:46Zen
dc.date.available2025-01-24T19:48:46Zen
dc.identifier.urihttps://hdl.handle.net/10568/169871
dc.titleCointegration analysis of sesame prices in Ethiopian commodity exchange warehousesen
dcterms.abstractThis study examines the cointegration of sesame market prices in eight Ethiopian Commodity Exchange (ECX) warehouses and its implications for improving the functioning of sesame markets. We analyzed 489 weekly market price data points for each of the eight ECX warehouses, covering the period from end of 2014 to mid-2024. We estimate the Multivariate Vector Error Correction Model (ECM) to analyze short- and long-term spatial price adjustments across warehouses. Of the eight warehouses, six showed significant spatial integration. The VECM results showed effective price transmission and strong short- and longterm market relationships. Short-term dynamics particularly revealed complex interactions. These findings highlight the varying impacts of price fluctuations between warehouses and the need to understand these interactions for better strategic decision making, resource allocation, and pricing strategy refinement. Furthermore, accelerating the speed of price pass through is vital to improve the livelihoods of sesame farmers in Ethiopia.en
dcterms.accessRightsOpen Access
dcterms.audienceCGIARen
dcterms.bibliographicCitationTazeze, Aemro; Kassie, Girma T.; Abate, Gashaw T.; Worku, Yonas; Asnake, Woinishet; and Minot, Nicholas. 2024. Cointegration analysis of sesame prices in Ethiopian commodity exchange warehouses. CGIAR Initiative on Rethinking Food Markets Technical Report December 2024. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/169871en
dcterms.extent39 p.en
dcterms.issued2024-12-24
dcterms.languageen
dcterms.licenseCC-BY-NC-4.0
dcterms.publisherInternational Food Policy Research Instituteen
dcterms.subjectmarket pricesen
dcterms.subjectcommodity marketsen
dcterms.subjectfarmersen
dcterms.subjectlivelihoodsen
dcterms.subjectsesame seeden
dcterms.subjectfood securityen
dcterms.typeReport

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