PRICE TRANSMISSION IN SERBIAN MILK COMMODITY CHAIN

Authors

  • Rade Popovi?, PhD University of Novi Sad, the Faculty of Economics Subotica, Serbia
  • Boris Radovanov, PhD University of Novi Sad, the Faculty of Economics Subotica

Keywords:

price transmission, milk and milk products, milk supply chain, market structure

Abstract

This paper explores price transmission at Serbian dairy market for period 2007-2009. It analyzes milk price transmission on formal milk market for three products: pasteurized milk, white yoghurt and cheese. From processed raw milk in dairy plants 17% is turned in pasteurized milk, 35% in fermented liquid milk products and 31% in cheese and other non-liquid milk products (Popovic, 2009). Monthly data are collected from three levels of milk chain: farm level, processors and retailers. Three step approach based on: intensity, asymmetry and time lags in price transmission was applied. Distinction of two market levels was made, first between farmers and processors and second among processors and retailers. Additionally price transmission from world to nationally market was examined.

Downloads

Download data is not yet available.

References

1. Bunte F. 2004 Pricing and performance in agri-food supply chains, In Proceedings of the Frontis workshop on quantifying of the agri-food supply chain, in ed. Onderstejin K. et all, Wageningen, Netherlands 22 – 24 October 2004.
2. Conforti P. 2004, Price transmission in selected agricultural markets, FAO commodity and trade policy research working paper No. 7.
3. Cotterill R. 2002, Who benefits from deregulated milk prices: the missing link in the marketing channel, Proceedings, University of Connecticut.
4. Hemme et al. 2009, IFCN Dairy Report 2009, International Farm Comparison Network, IFCN Dairy Research Center, Kiel, Germany.
5. Lechanova I., Novak P. 2006, Price transmission in Czech milk commodity chain, In: Annals of the Polish association of agricultural and agribusiness economists, Poznan, Poland, Vol. 8, No 6, page 108-112.
6. McCorriston S. 2002, Why should imperfect competition matter to agriculture economists?, European Review of agriculture economics, Vol. 29, page 349- 371, Oxford University Press.
7. Meyer, J. and Von Cramon-Taubadel, S. 2002, Asymmetric price transmission: a survey: paper at the 10th EAAE conference in Zaragoza. [http://www.jochenmeyer.de/pdf/meyer-cramon.pdf]
8. Novak P. 2007, Some approaches to the analysis of market structures impact in milk commodity chain, 104th EAAE-IAAE Seminar Agricultural Economics and Transition, Corvinus University of Budapest, Hungary.
9. Peltzman S. 2000, Prices rise faster than they fall, Journal of political economy, Vol.108, No 3, page 466-502, The University of Chicago Press.
10. Popovic R. 2007, Packaging types of milk and dairy products on Serbian market, Food industry – Milk and dairy products, vol. 18, no. 1-2, page 65-69, Faculty of Technology Novi Sad, Serbia.
11. Popovic R. 2009, Structural changes on Serbian formal milk market, Food industry – milk and dairy products, Vol. 20, no 1-2, page 7-12, Belgrade.
12. Popovic R. 2009a, Effects of market structure changes on dairy supply chain in Serbia, Paper presented at Agribusiness and Agro-industries development in Central and Eastern Europe, A joint FAO – IAMA Workshop at International food and agribusiness management association, 19th Annual World Forum & Symposium, page. 113-124, Budapest 20-21 Jun 2009.

Downloads

Published

2010-12-31

How to Cite

Popović, R., & Radovanov, B. (2010). PRICE TRANSMISSION IN SERBIAN MILK COMMODITY CHAIN. Ekonomika Poljoprivrede, 57(4), 543–554. Retrieved from https://ea.bg.ac.rs/index.php/EA/article/view/1094

Issue

Section

Original scientific papers