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

99404

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Open estimate - Garlic (o_garlic)

Data file: WLD_RTFP_mkt_2024-12-02.csv

Overview

var_Number of valid values: 33246

Others

Notes

o_garlic indicates the monthly opening price estimate for the commodity garlic. It represents the initial market price at the start of each month, crucial for analyzing the opening market sentiment and baseline valuation. In financial analysis, especially in OHLC (Open, High, Low, Close) objects, the opening price is key to understanding the initial market conditions. Open price estimates are estimated as conditional means 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.

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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