Monthly food price estimates by product and market
36 countries, 2331 markets, 2007/01/01-2024/12/01, version 2024/12/02

Afghanistan, Armenia, Burundi...and 33 more, 2007 - 2024

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Reference ID

WLD_2021_RTFP_v02_M

DOI

https://doi.org/10.48529/2ZH0-JF55

Producer(s)

Bo Pieter Johannes Andrée

Collection(s)

Fragility, Conflict and Violence

Metadata

Documentation in PDF DDI/XML JSON

Created on

Dec 13, 2023

Last modified

Dec 05, 2024

Page views

99315

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High estimate - Cowpeas (h_cowpeas)

Data file: WLD_RTFP_mkt_2024-12-02.csv

Overview

var_Number of valid values: 38448

Others

Notes

h_cowpeas denotes the highest price achieved by the commodity cowpeas within a month. This data point captures market peaks, reflecting the maximum demand or valuation during the period. High price estimates are estimated as the expected value of the upper half of the price distribution based on conditional variance estimated using a fractionally integrated GARCH (Generalized Autoregressive Heteroscedasticity) model estimated using a Generalized Error Distribution that allows for excess kurtosis. These data points are instrumental in plotting the price data in candlestick charts, which are pivotal for visual market analysis and identifying potential price trends, intra-month price volatility, or observe trend reversals that are significant when contrasted to natural monthly price spreads. In candlestick charting, the high price is indicated by the upper shadow or wick, marking the top end of the price range. Understanding the highest price point helps analyze the monthly price spread and market volatility.

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Monthly food price estimates by product and market 36 countries, 2331 markets, 2007/01/01-2024/12/01, version 2024/12/02