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Price Transmission in the Milk Portuguese Market

Author

Listed:
  • Maria de Fátima Oliveira

    (Escola Superior Agrária de Coimbra, Centro de Estudos de Recursos Naturais, Ambiente e Sociedade – CERNAS)

  • Maria Leonor da Silva Carvalho

    (Departamento de Economia, Escola de Ciências Sociais, Instituto de Ciências Agrárias e Ambientais Mediterrânicas, Universidade de Évora)

  • Maria Raquel Lucas

    (Departamento de Gestão, Escola de Ciências Sociais, Centro de Estudos e Formação Avançada em Gestão e Economia, Universidade de Évora)

  • Pedro Damião Henriques

    (Departamento de Economia, Escola de Ciências Sociais, Centro de Estudos e Formação Avançada em Gestão e Economia, Universidade de Évora)

Abstract

This paper aims to analyze milk price transmission along the food chain in Portugal, temporally and spatially. The results show that the volatility of retail prices is small but happens after 2008. The farm gate price does not change when the price of packaged milk changes. On the mainland, price transmission does not occur but it does in the Azores. In intensive systems, the risk of collapse is greater than in extensive systems, where the volatility of prices reflects the process of market adjustment.

Suggested Citation

  • Maria de Fátima Oliveira & Maria Leonor da Silva Carvalho & Maria Raquel Lucas & Pedro Damião Henriques, 2014. "Price Transmission in the Milk Portuguese Market," CEFAGE-UE Working Papers 2014_19, University of Evora, CEFAGE-UE (Portugal).
    • Handle: RePEc:cfe:wpcefa:2014_19
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    File URL: http://www.cefage.uevora.pt/en/content/download/5408/63888/version/1/file/2014_19.pdf
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    References listed on IDEAS

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    Cited by:

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    2. Monika Roman, 2020. "Spatial Integration of the Milk Market in Poland," Sustainability, MDPI, vol. 12(4), pages 1-17, February.

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    More about this item

    Keywords

    Dairy; Farm-Gate Milk; Prices; Cointegration; Feed Prices; Portugal.;
    All these keywords.

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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