Milk Supply and Demand of Ulaanbaatar City

Ichinkhorloo Bazarragchaa, Nyambat Luvsandorj and Lu Qian
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Ichinkhorloo Bazarragchaa: Management department, School of Economics and Business, Mongolian University of Life Science, Ulaanbaatar, Mongolia
Nyambat Luvsandorj: Econometrics department, School of Economics and Business, Mongolian University of Life Science, Ulaanbaatar, Mongolia
Lu Qian: College of Economics and Management, North West A&F University, Yangling, Shaanxi, China

Business, Management and Economics Research, 2016, vol. 2, issue 4, 66-73

Abstract: In Mongolia, Ulaanbaatar city (UB) is not only the largest and capital city with continuously growing populations due to its own development. Current domestic liquid milk production has not met with the consumption of UB and other big cities in Mongolia. The objective of this study is to analyze market equilibrium of liquid milk market of UB city, and determine level of milk supply. Market theory, including demand and supply analyses were applied using regression analyses to estimate functional forms and other required statistical – econometrical indicators. Secondary data gathered from National Statistical Office /2004-2014/ and methodology for converting adult equivalence methodology cited from methodological guidance. The main finding is that there is comparatively big deficit of liquid milk in UB, which leads to liquid milk insecurity (794.4 t

Keywords: Market analyses; Milk market of UB city; Security level of liquid milk; Statistical- econometrical indicators; Intensified dairy farm. (search for similar items in EconPapers)
Date: 2016
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