The Interrelationship Between Sugar Prices at the Main World Sugar Commodities Markets

摘要: This paper focuses on the topic of interrelationship between global sugar prices. relationship is examined using multivariate time series analysis. The analysis based data set containing daily prices core world markets in period August 2012–August 2017. was employed to detect and examine short-run as well long-run markets. For this purpose, vector error correction model most suitable tool for further examination. has shown non-stationary characteristics individual Moreover, common trend analyzed been detected by utilizing co-integration A close revealed a limited number price lagged one expressed mainly price.