Price Transmission in the Milk Portuguese Market

Maria Leonor Pimenta Marques Verdete da Silva Carvalho, Pedro Damião de Sousa Henriques () and Maria Raquel Lucas ()
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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

CEFAGE-UE Working Papers from University of Evora, CEFAGE-UE (Portugal)

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.

Keywords: Dairy, Farm-Gate Milk, Prices, Cointegration, Feed Prices; Portugal. (search for similar items in EconPapers)
JEL-codes: Q11 Q18 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2014
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:cfe:wpcefa:2014_19

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