168 research outputs found
Consumer Demand for Potatoes in Scotland During Covid-19 Pandemic
Potatoes are a beneficial component of a healthy Scottish diet, when cooked healthily without excessive and potentially harmful additives. However, in recent decades fresh potato preparation has declined accompanied with an increase in consumption of potato-based convenience foods that may be higher in fat, sugar, and salt additives. Reduced time allocated by households towards cooking from scratch was identified in the existing literature as a potential causal factor for the decline in fresh potato consumption. The purpose of this paper is to empirically evaluate using differences in differences and data from a home-scanner dataset whether the advent of COVID-19 marked a deviation from this long-term trend in fresh potato consumption by providing households with an additional time endowment for exclusively domestic tasks, including cooking. The results did not find differences in the consumption patterns
Financialization and Speculators Risk Premia in Commodity Futures Markets
J.M. Keynes coined the term normal backwardation, a situation where a futures price for a particular expiry month is less than the expected spot price for that month. He argued hedgers pay speculators a risk premium, giving rise to normal backwardation. We study the behaviour of commodity futures before and since financialization of the markets, which started about 20 years ago. We find the poor returns to managed futures in recent years are likely due to the impact of financialization and the associated outside money suppressing the futures risk premium
Potential Impact Of Brexit On Fruits And Vegetables Purchases In Scotland
At the start of 2021, the Economics Observatory suggested that the British pound was 15 percent weaker relative to the Euro than it was on the eve of the Brexit referendum. The present paper assesses the implications of price increases for fruits and vegetables sold in Scotland due to an unfavorable Brexit deal; depreciates the British pound/trade tariffs on fruits and vegetables imported from the EU. Demand for fourteen kinds of fruits and vegetables was estimated using monthly time series data from 2006 to 2020. A major share of the vegetables is either produced in the UK or imported from the rest of the world. Tropical fruits and grapes are typically sourced from the rest of the world. A 10 percent price rise could reduce net total purchases of fruit and vegetable by 2-63 percent offsetting the government's goal to increase fruit and vegetable consumption by 400 grams per person per day
Financialization and Speculators Risk Premia in Commodity Futures Markets
J.M. Keynes coined the term normal backwardation, a situation where a futures price for a particular expiry month is less than the expected spot price for that month. He argued hedgers pay speculators a risk premium, giving rise to normal backwardation. We study the behaviour of commodity futures before and since financialization of the markets, which started about 20 years ago. We find the poor returns to managed futures in recent years are likely due to the impact of financialization and the associated outside money suppressing the futures risk premium
Consumer Demand for Potatoes in Scotland During Covid-19 Pandemic
Potatoes are a beneficial component of a healthy Scottish diet, when cooked healthily without excessive and potentially harmful additives. However, in recent decades fresh potato preparation has declined accompanied with an increase in consumption of potato-based convenience foods that may be higher in fat, sugar, and salt additives. Reduced time allocated by households towards cooking from scratch was identified in the existing literature as a potential causal factor for the decline in fresh potato consumption. The purpose of this paper is to empirically evaluate using differences in differences and data from a home-scanner dataset whether the advent of COVID-19 marked a deviation from this long-term trend in fresh potato consumption by providing households with an additional time endowment for exclusively domestic tasks, including cooking. The results did not find differences in the consumption patterns
A resilience analysis of the contraction of the accommodation and food service sector on the Scottish food industry
Funding Information: This paper derives from work under Topics B4 (Food supply and security) and B5 (Food and Drink Improvement), which are part of the Scottish GovernmentâRural and Environment Science and Analytical Services Division (RESAS) as part of their Strategic Research Programme 2022-27. This article is part of the Research Topic: Reorganization and Resilience of Food Supply Chains According to Current International Crisis ScenarioPeer reviewedPublisher PD
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