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Price Transmission in the Milk Portuguese Market

Author

Listed:
  • Maria Leonor Pimenta Marques Verdete da Silva Carvalho

    (University of Évora, Department of Economics, ICAAM/CEFAGE)

  • Pedro Damião de Sousa Henriques

    (CEFAGE-UÉ and Department of Economics, University of Évora)

  • Maria Raquel David Pereira Ventura Lucas

    (CEFAGE)

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 Leonor Pimenta Marques Verdete da Silva Carvalho & Pedro Damião de Sousa Henriques & Maria Raquel David Pereira Ventura Lucas, 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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    References listed on IDEAS

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    7. Loy, Jens-Peter & Holm, Thore & Steinhagen, Carsten, 2012. "Vertical Price Transmission In Differentiated Product Markets: A Disaggregated Study For Milk And Butter," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 123284, Agricultural and Applied Economics Association.
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    Cited by:

    1. Judith Hillen, 2021. "Vertical price transmission in Swiss dairy and cheese value chains," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 9(1), pages 1-21, December.
    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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