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Impact of changes in imports and farmed salmon on wild-caught fish prices in Australia

Author

Listed:
  • Sean Pascoe
  • Peggy Schrobback
  • Eriko Hoshino
  • Robert Curtotti

Abstract

In this study, we develop a dynamic Inverse Almost Ideal Demand System model to derive own- and cross-price flexibilities for wild-caught fish, Australian farmed salmon and imports of fresh and frozen fish. We find that the growth of fresh fish imports and Australian farmed salmon production have both individually had a significant negative impact on the prices received for Australian wild-caught species, particularly the lower valued species. Continued growth in imports and the farmed salmon sector may negatively impact prices and hence profitability in wild-caught fisheries in Australia in the future.

Suggested Citation

  • Sean Pascoe & Peggy Schrobback & Eriko Hoshino & Robert Curtotti, 2023. "Impact of changes in imports and farmed salmon on wild-caught fish prices in Australia," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 50(2), pages 335-359.
    • Handle: RePEc:oup:erevae:v:50:y:2023:i:2:p:335-359.
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    File URL: http://hdl.handle.net/10.1093/erae/jbac003
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