Abstract
The purpose of the article was to empirically assess the impact of the volatility of world price indices for agricultural raw materials on economic processes in industrialized countries (the United States of America and the countries of the European Union). The results indicated a favourable dependence of the trend of American GDP on the increase in world raw materials prices. A similar result was obtained for industrial production indicators in both countries under investigation. During the assessment of agricultural raw materials on the world commodity market, it was revealed that the prices for sugar and rice were the most volatile. However, it should be noted that the volatility of world wheat prices recently increased.
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