 Cycles in the global milk marketJakub Olipra Journal of Agribusiness and Rural Development, 2019, vol. 52, issue 2 Abstract: The main purpose of this research is to analyze milk market cycles in major dairy exporting regions (European Union, New Zealand and United States). The research was based on peak-to-peak analysis of seasonally adjusted farmgate milk prices recorded from January 2001 to April 2018. The results indicate that in all regions covered by this analysis, milk cycles are uneven and irregularly interspersed. This above shows that the length of milk cycles is determined not only by the breeding cycle of cows, as it is commonly believed, but also by numerous political, institutional, economic and environmental factors. Furthermore, the magnitude of milk cycles in the regions considered generally tends to increase which suggests their growing importance in determining farmgate milk prices. Also, milk market cycles followed by major dairy exporters are strongly correlated which indicate the presence of a common global milk market cycle. Research findings show that forecasting farmgate milk prices requires considering much more factors than previously recognized. Moreover, the results of the analysis align current research efforts taken in this area which provide ambiguous conclusions. Keywords: Agribusiness; Demand and Price Analysis (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:pojard:356029 Access Statistics for this article More articles in Journal of Agribusiness and Rural Development from University of Life Sciences, Poznan, Poland |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.