Beef and milk price links in Turkey
This article addresses the recent red meat price spikes in Turkey, using contemporary time-series analysis. The arguments point to the impact of low milk prices that led to liquidation of dairy herds and decline of beef prices initially due to the liquidation and increased meat supply, and subsequent price increases in the next year due to decreased supply. The results revealed that dairy herd liquidation had a delayed impact of a year to 18 months on farm, wholesale, and retail beef prices. Those effects wore off over a two year time period.
|Date of creation:||Nov 2012|
|Date of revision:|
|Publication status:||published (Economics Bulletin (2013), 33(4): 2607-2616)|
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Web page: http://iktisat.artuklu.edu.tr/
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- Rezitis, Anthony N. & Stavropoulos, Konstantinos S., 2009.
"Greek meat supply response and price volatility in a rational expectations framework: A multivariate GARCH approach,"
113th Seminar, September 3-6, 2009, Chania, Crete, Greece
58120, European Association of Agricultural Economists.
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