Price volatility transmission in the value chain of fresh anchovies in Spain

Hoyo, Juan José García del; Jiménez-Toribio, Ramón; Espino, David Castilla

doi:10.1016/j.fishres.2022.106606

Cited by 4 publications

(2 citation statements)

References 61 publications

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“…The crucial point in this study is the concern about how imperfect competition at successive stages of the agricultural and food marketing system might interact with vertical linkages between different levels of traders [47,48]. Therefore, it affects the transmission of exogenous changes in the price of raw agricultural products through to the prices of food products at retail [49,50].…”

Section: H Price Transmission Elasticitymentioning

confidence: 99%

Investigating the Market’s Behavior of Curly Red Chili in Bengkulu Indonesia Using Price Formation and Transmission Elasticity Model

Andani,

Nusril,

Wardoyo

2024

Int. J. Adv. Sci. Eng. Inf. Technol.

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Curly red chili is one of the strategic agricultural products in Indonesia, especially in Bengkulu, and its distribution process is an essential aspect. This process consists of market participants' behavior and price formation. This research aims to investigate the curly red chili market behavior and to analyze the price formation and price transmission elasticity in Bengkulu Province. Panel data were obtained from retailers and farmers during a month. Data were analyzed using qualitative descriptive analysis for market behavior, while linear regression was used for the factors affecting price formation and price transmission elasticity. The result of market behavior analysis indicates that collecting traders buy the chili from farmers, then sell it to the next level sellers without any treatment. If the farmers have no debt and price agreement, they negotiate the price with the traders. On the other hand, if the farmers have a loan and there is a price agreement, the price is determined by the moneylender. Furthermore, the chili price at retailers is formed by following the price change on the previous day, and it is also influenced by the price at previous traders. It can be concluded that the marketing system has a vertical effect and backward linkage between its elements. The chili price transmission elasticity is 0.675. This empirical result concluded that the rate of price change by 1 per cent at the consumer level would cause a price change of only 0.675 per cent in the trader stage. Thus, the market system is inefficient, and it is competing imperfectly.

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Section: H Price Transmission Elasticitymentioning

confidence: 99%

Investigating the Market’s Behavior of Curly Red Chili in Bengkulu Indonesia Using Price Formation and Transmission Elasticity Model

Andani,

Nusril,

Wardoyo

2024

Int. J. Adv. Sci. Eng. Inf. Technol.

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“…2,20,21 However, there are divergent views on whether the price volatility of aquatic products possesses high-risk, high return, and asymmetric characteristics. Del Hoyo Kehar et al 22 found that the price fluctuation of Spanish anchovies has asymmetric characteristics. Wang et al 23 discovered that the price volatility of hairtail fish was characterized by high-risk and high return.…”

Section: Introductionmentioning

confidence: 99%

Price volatility characteristics and policy implications of freshwater fish in China

Wang,

Zhao,

Jin

et al. 2024

Israeli Journal of Aquaculture - Bamidgeh

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The fisheries industry in China is experiencing rapid growth, but it is also encountering the challenge of frequent fluctuations in aquatic product prices. Freshwater fish aquaculture plays a crucial role in China’s fisheries industry. Analyzing the characteristics of price volatility in freshwater fish is crucial to ensure a stable supply of aquatic products and promote sustainable fisheries industry development. This study focuses on four freshwater fish species, namely crucian carp, grass carp, silver carp, and carp, to analyze the price volatility characteristics of freshwater fish in China from 2006 to 2022. The study uses the price decomposition method and the ARCH model. The results indicate that, from the perspective of dominant characteristics of price volatility, the prices of freshwater fish display periodic volatility with an overall upward trend, as well as significant seasonal and random variations. From the perspective of recessive price volatility characteristics, the price volatility of freshwater fish exhibits clustering and asymmetry. This indicates that the price volatility of freshwater fish is influenced by previous price volatility. Positive news has a greater impact on the price volatility of freshwater fish than negative news. Out of the four freshwater fish species, only the price of crucian carp is characterized by high-risk and high-return volatility.

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Modeling of the subsidy policy in fresh produce wholesale markets under yield uncertainty

et al. 2023

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Price volatility transmission in the value chain of fresh anchovies in Spain

Cited by 4 publications

References 61 publications

Investigating the Market’s Behavior of Curly Red Chili in Bengkulu Indonesia Using Price Formation and Transmission Elasticity Model

Investigating the Market’s Behavior of Curly Red Chili in Bengkulu Indonesia Using Price Formation and Transmission Elasticity Model

Price volatility characteristics and policy implications of freshwater fish in China

Modeling of the subsidy policy in fresh produce wholesale markets under yield uncertainty

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