It is found, that futures and spot prices have a correlation in my results.
Therefore, for the Hypothesis mention how though spot prices for food commodities may drop, this drop is never reflected in the food prices.
Food prices for consumers never decrease. But if the spot price increases then food prices for consumers increase.
In what conditions to food prices (for consumers) increase in response to an increase to spot prices? If there an average, or a period of time for a spot price to be above a certain benchmark for food prices for the consumer to increase?
There is always fluctuations in prices of spot prices. But when is it reflected as an increase in food prices?