318 research outputs found
Should food standards be left to the market in post-Brexit Britain?
No full textIf so, to choose quality food, people would need to spend substantial time and cognitive effort on each purchase decision, write Cesar Revoredo-Giha and Montserrat Costa-Fon
The UK economy is recovering from the pandemic shock but not all is rosy
No full textThe end of the furlough and self-employment support schemes could bring a sharp rise in the unemployment rate, write Cesar Revoredo-Giha and Montserrat Costa-Fon
The UK’s fresh produce supply under covid-19 and a no-deal Brexit
No full textIn a no-deal scenario, the UK would likely face shortages of fruit and vegetables in a food chain already disrupted by Covid, write Cesar Revoredo-Giha and Montserrat Costa-Fon
Hedging effectiveness of European wheat futures markets: An application of multivariate GARCH models
No full textThe instability of commodity prices and the hypothesis that speculative behaviour was one of its causes has brought renewed interest in futures markets. In this paper, the hedging effectiveness of European and US wheat futures markets were studied to test whether they were affected by the high price instability after 2007. In particular, the focus of the paper is to test of whether the increasing presence of financialisation of commodity trading in futures markets mentioned in the literature has made them divorced from the physical markets. A multivariate GARCH model was applied to compute optimal hedging ratios. Important evidence was found of a slight improvement, after 2007, in the effectiveness of hedging with the European futures
The road to recovery for the food and drink sector
No full textThe COVID-19 pandemic and Brexit have been felt keenly by the UK’s food and drink industry. The two events have caused shocks in supply and demand that have affected the industry’s segments differently. Cesar Revoredo-Giha looks at the evolution of the index of production published by the Office for National Statistics and outlines the issues that might affect the industry in the months ahead
The British are eating less red meat and consuming more processed food
No full textRed meat consumption has seen a massive decline since the early 1980s in the UK. But the reasons are not just health and the environment. The increase in household labour supply and ready-meal habits have also contributed to the trend. Cesar Revoredo-Giha looks at the long-term trends and, given the negative impacts of processed foods both on health and the environment, calls for more practical guidelines for consumers
Know your onions: how a no-deal Brexit is likely to affect the UK’s fresh produce supply
No full textIn a no-deal scenario, the UK would likely face shortages of fruit and vegetables in a food chain already disrupted by COVID-19, write Cesar Revoredo-Giha (Scotland’s Rural College) and Montserrat Costa-Font (University of Edinburgh)
Upbeat news about the growth of the UK organic food market can be misleading
No full textCesar Revoredo-Giha and Adelina Gschwandtner analyse the data and find that in the case of organic meats, higher prices can explain the increase in sales, since quantities have been decreasing. For them, If the UK is interested in promoting the growth of the organic sector, it must develop its supply chain, simultaneously expanding demand and increasing supply
Exploring the Hedging Effectiveness of European Wheat Futures Markets during the 2007-2012 Period
No full textAbstractThe hypothesis that speculative behaviour was the cause of the instability of commodity prices has brought renewed interest in futures markets. In this paper, the hedging effectiveness of European and US wheat futures markets were studied to test whether they were affected by the price instability observed after 2007. Indirectly, this could also be thought as a test of whether the increasing presence of speculators in futures markets have made them divorced from physical markets. A multivariate GARCH model was applied to compute optimal hedging ratios. No important evidence was found of a change in the hedging effectiveness after 2007
How UK food and drink exports to EU and non-EU countries have evolved over time
No full textThe decrease in UK exports in January made the headlines, but not enough attention has been paid to the evolution of UK exports to both EU and non-EU countries over time. Using ONS figures published since 1997, Cesar Revoredo-Giha analyses the evolution of export trends for food and drink products, frequently cited in the news as the focus of disruption by Brexit and the COVID-19 pandemic. He writes that trends in exports are the result of supply chain relationships between parts, something that requires trust, a long-term investment
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