Обновено: Thursday, 06 December 2012 9:29

ULYSSES

Project number

312182

Project subject

ULYSSES

 Understanding and coping with food markets voLatilitY towards more Stable World and EU food SystEmS

Project term of execution

3 years

01.08.2012- 31.07.2015

Short description

 

The literature published in the last 3 years trying to explain agricultural markets instability during 2007-2009 offers inconclusive results about its causes and impacts. On balance, available scientific evidence gives insufficient guidance for prioritizing policy initiatives, and for effectively averting and mitigating new food crises. Based on an integrated approach, Project ULYSSES seeks to provide general, but sufficiently detailed, responses to the main questions that have been recently posed in the literature and debated in political sphere: a)What are the causes of markets volatility increases since 2007?;b)What drivers are volatility-increasing and which others are price level-increasing?; c)How likely is that the main commodity markets will experience new episodes of large volatility?d)To what extent increasing volatility affects agents in the value chain?;e)What are the actual impacts on the most vulnerable households in the EU and in selected developing countries?; f)What policies are more effective to avert and mitigate the effects of markets volatility at the EU and international levels?
 

Expected results description including publications

ULYSSES has six objectives:
1.Review the literature on prices volatility of food, feed and non-food commodities
2.Analyse agricultural markets, using updated data, new methods and markets linkages with a view to determine the causes of markets' volatility
3.Identify and evaluate the drivers and factors causing markets volatility, and make projections for supply shocks, demand changes and climate change impacts on agricultural production.
4.Evaluate the impact of markets volatility in the food supply chain in the EU and in developing countries, analysing traditional and new instruments to manage price risks.
5.Evaluate impacts of markets volatility on households in the EU and developing countries.
6.Draw policy-relevant conclusions that help the EU define market management strategies within the CAP after 2013 and inform EUs standing in the international context.

Keywords

volatility, commodities, markets, econometrics, biophysical models, market linkages, food supply chain, consumers, trade policy, agricultural policy

Project stages
(terms, results and funding)

6 stages

August 2012- January 2013; February 2013- July 2013;  August 2013- January 2014;

                      February 2014- July 2014;  August 2014- January 2015; February 2015- July 2015;  

Information about the funding programme

SEVENTH FRAME WORK PROGRAMME

Information about an additional funding

MEYS (Ministry of education youth people and science)

Total value of the project

1 491 369 euro

Total sum granted to UNWE

92 260 euro

Information about the responsible subdivision

Department of Natural recourses

Information about the partners of the project

UNIVERSIDAD POLITECNICA DE MADRID

WAGENINGEN UNIVERSITEIT

JRC -JOINT RESEARCH CENTRE- EUROPEAN COMMISSION

UNIVERSITY OF NATIONAL AND WORLD ECONOMY

GEORG-AUGUST-UNIVERSITAET GOETTINGEN STIFTUNG OEFFENTLICHEN RECHTS

FOOD AND AGRICULTURE ORGANISATION OF THE UNITED NATIONS FAO

Project manager

Prof. Plamen Mishev

Project body
(project team members)