Empirical analysis of price relations along the Finnish supply chain of selected meat, dairy, and egg products: A dynamic panel data approach

Rezitis, Anthony N.

doi:10.1002/agr.21536

Cited by 6 publications

(6 citation statements)

References 27 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…According to Fackler and Goodwin (2001) and Meyer and Von Cramon-Taubadel (2004), in agricultural markets, especially those in developing countries, there are asymmetries and lags in price transmission that reduce the level of market integration. Several factors could affect price transmission in agricultural markets, including market power, time lags in supply and demand, contracts, quality risk, technical change, transport and transaction costs, perishability of the product, available infrastructure, temporary sales and public interventions (Baquedano and Liefert, 2014;Conforti, 2004;Fackler and Goodwin, 2001;Meyer and Von Cramon-Taubadel, 2004;Nourou, 2015;Rapsomanikis and Mugera, 2011;Rezitis, 2018).…”

Section: Price Interventions and Transmissions In Indian Agricultural Marketsmentioning

confidence: 99%

How has the minimum support price policy of India affected cross-commodity price linkages?

Morales

Balié

Magrini

2021

IFAM

View full text Add to dashboard Cite

For several decades, the government of India has implemented a minimum support price (MSP) policy for agricultural commodities to reduce price risk levels for farmers. Concerns have been raised about whether this policy could affect market integration of related agricultural products, modify price incentives, and ultimately alter resource allocation and production between commodities. This study uses a panel vector auto-regression model across six states for the period 2002-2017 to analyse the effects of the MSP on the transmission of price shocks between cereals and oilseeds. The results demonstrate that the MSP partially and completely offsets price linkages between agricultural commodities, potentially introducing distortions in price incentives that affect land allocation and production between commodities. Beyond the effects of the MSP across commodities, Indian authorities can expect that price shocks on maize be transmitted to soybean over the next production period. Finally, this study demonstrates that the use of alternative data frequencies can identify differences in market reactions over time that can be related to production cycles and delays in price transmission.

show abstract

Section: Price Interventions and Transmissions In Indian Agricultural Marketsmentioning

confidence: 99%

How has the minimum support price policy of India affected cross-commodity price linkages?

Morales

Balié

Magrini

2021

IFAM

View full text Add to dashboard Cite

show abstract

“…The Finnish retail food industry consists of only four principal components which comprise around 90% of the market (Aalto-Setälä 2002). Retailers deploy their market power over agricultural producers and processors (Rezitis 2018). Food supply chains, such as the meat supply chain, are dominated by retailers.…”

Section: Meat Market In Finland and Main Factors Influencing Price Volatilitymentioning

confidence: 99%

“…An increasing trend in the effect of market power on retail surplus is induced (Irz and Liu 2016). Retailers are using their power to develop their own private labels, thus enhancing their power (Rezitis 2018).…”

Section: Meat Market In Finland and Main Factors Influencing Price Volatilitymentioning

confidence: 99%

See 1 more Smart Citation

Analysis of meat price volatility and volatility spillovers in Finland

Abdallah¹,

Fekete-Farkas²,

Lakner³

2020

Agric. Econ. - Czech

View full text Add to dashboard Cite

Unforeseen important changes in price can present a significant risk in the market. The price fluctuation of agricultural commodities has raised concern for studying the volatility of different agricultural products. A persistent volatility in prices causes continued uncertainty in the market. Higher price volatility is to be mitigated by higher management costs and the higher cost of risk mitigation is often converted into higher producer prices. The aim of this paper is to investigate the price volatility of producer and consumer meat prices and to capture the volatility spillover along the Finnish meat supply chain. The Generalised Autoregressive Conditional Heteroskedasticity – Baba, Engle, Kraft and Kroner (GARCH-BEKK) model is applied to analyse shocks and volatilities of the prices and to estimate whether the price volatility is flowing from the first price level (producer) to the second price level (consumer), using monthly price indices. An asymmetric volatility spillover effect was detected in the poultry meat and a unidirectional, volatility spillover effect, from consumer to producer, is observed for pork prices. The findings of this study could serve as a tool for forecasting meat producer and consumer prices, which could assist the Finnish government with endorsing policy options to alleviate the price volatility impact, to protect both consumers and producers from its negative effects.

show abstract

“…Long-term trend analysis is conducive to macro control of egg prices. The short-term trend is favorable for producers to adjust their production behavior (Rezitis, 2017). Egg price is affected by a number of factors (Strong et al, 2012) reatly s into the first half of 2018.…”

Section: Introductionmentioning

confidence: 99%

Analysis of Egg Price Fluctuation and Cause

YuHuan¹,

Fu²

2018

JAS

View full text Add to dashboard Cite

In 2017, egg price in China has experienced a lot of ups and downs, which has had a significant impact on the laying hen farmers and the enterprises and related enterprises. In the first half of 2017, egg price fell, which has dropped to a minimum of 4.02 yuan/kg, while the profits of egg producers were impaired and the profit of egg processing enterprises declined. Starting in July, egg price recovered, breaking a price of 5 yuan/kg. Egg price rose sharply in August, reaching an average of 8.53 yuan/kg. In October, egg price began to fall, with a price of 7 yuan/kg. In November, egg price began to rise, rising to 8 yuan/kg. The sudden drop of egg price greatly affects the income and culture psychology of laying hen farmers, and influences the development of the egg industry. This study is aimed at egg price and egg price fluctuations in 2017, and get two conclusions: From January to July, due to the amount of laying hens breeding, breeding cost, information technology and the government’s environmental protection policy and terminal weak consumer spending, egg price fell sharply; egg price rebounded in August and December, and the highest price was in September and gradually steadied. At the same time, this paper analyzes the causes of egg price fluctuation from two aspects of supply and demand, and puts forward some suggestions on how to deal with the price fluctuations from the two aspects of enterprise and laying hen breeding farmers.

show abstract

Empirical analysis of price relations along the Finnish supply chain of selected meat, dairy, and egg products: A dynamic panel data approach

Cited by 6 publications

References 27 publications

How has the minimum support price policy of India affected cross-commodity price linkages?

How has the minimum support price policy of India affected cross-commodity price linkages?

Analysis of meat price volatility and volatility spillovers in Finland

Analysis of Egg Price Fluctuation and Cause

Contact Info

Product

Resources

About