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Sugar prices in Poland and their determinants

Author

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  • Hamulczuk, Mariusz
  • Szajner, Piotr

Abstract

The sugar market in the EU is among the most regulated food markets in the world. This regulation is based on production quotas and foreign trade regulations. At the same time, individual links of the marketing chain are characterised by highly varied degree of concentration, which – in the conditions of strong market protection – creates the potential for monopolistic practices and the so-called monopolistic margins. In this context, the paper aims at empirical assessment of changes in sugar prices in Poland and identification of their determinants. The study was based on monthly sugar prices in Poland, the EU and across the world in 2000-2014. Time series models were used to assess correctness. The conducted research indicates that sugar production and prices in Poland and in the EU are largely determined by the market regulation system, while the sugar market reform had little effect on increasing the interrelations between the EU prices and world prices. At the same time, the retail and selling prices are strongly interrelated and these interrelations can be non-linear.

Suggested Citation

  • Hamulczuk, Mariusz & Szajner, Piotr, 2015. "Sugar prices in Poland and their determinants," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 235489, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    • Handle: RePEc:ags:iafepa:235489
    DOI: 10.22004/ag.econ.235489
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    References listed on IDEAS

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    1. Sam Peltzman, 2000. "Prices Rise Faster than They Fall," Journal of Political Economy, University of Chicago Press, vol. 108(3), pages 466-502, June.
    2. Elliott, Graham & Rothenberg, Thomas J & Stock, James H, 1996. "Efficient Tests for an Autoregressive Unit Root," Econometrica, Econometric Society, vol. 64(4), pages 813-836, July.
    3. Enders, Walter & Siklos, Pierre L, 2001. "Cointegration and Threshold Adjustment," Journal of Business & Economic Statistics, American Statistical Association, vol. 19(2), pages 166-176, April.
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    Cited by:

    1. Maurizio Aragrande & Mauro Bruni & Alberico Loi & Roberto Esposti, 2017. "The effect of EU 2006 sugar regime reform on vertical price transmission," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 5(1), pages 1-20, December.
    2. Dariusz Kusz & Bożena Kusz & Paweł Hydzik, 2022. "Changes in the Price of Food and Agricultural Raw Materials in Poland in the Context of the European Union Accession," Sustainability, MDPI, vol. 14(8), pages 1-21, April.
    3. Krzysztof Hryszko & Piotr Szajner, 2017. "Polish Sugar Sector After Abolishing Sugar Production Quotas," Proceedings of International Academic Conferences 5908180, International Institute of Social and Economic Sciences.
    4. Umanath Malaiarasan & R. Paramasivam & K. Thomas Felix & S. J. Balaji, 2020. "Simultaneous equation model for Indian sugar sector," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 22(1), pages 113-141, June.

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