Fish Price Volatility

This article investigates the volatility of fish prices on a global scale using trade data. The trade data is organized along four dimensions: Geographical market (import), production technology, species, and product form. This allows us to address several interesting questions such as volatility of prices of aquaculture products relative to capture fisheries, or how does volatility vary across species or product forms. In addition we compare the volatility of fish prices to other commodities to investigate their volatility in a broader context. Given the importance of trade in fisheries and aquaculture, our analysis also sheds light on the relative importance of price risk as part of trade revenue risk and the riskiness of various fish enterprises at the market level.