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This paper aims to identify the causes and consequences of price risk in agri-food market as well as its mitigation methods. The research uses the scientific literature review approach and statistical analysis, applying the coefficients of variation of price indices for the global agricultural production and for the procurement of particular agricultural products in Poland over the period from 1995 to 2013. The price data is derived from the Central Statistical Office of Poland (GUS). Our study confirms the findings of other investigators that crop production is characterised by larger price fluctuations than animal production. An overview of empirical research shows that the volatility of agricultural input and output prices is transmitted along the food supply chain, thus exposing all its participants to price risk. In order to response to agricultural price uncertainty and volatility, instruments stabilizing agricultural markets as well as public and private risk management tools can be applied.

Ryzyko cenowe na rynku produktów rolno-żywnościowych: źródła, skutki i sposoby zarządzania