Assessment of Price Volatility in the Fisheries Sector in Uganda

James O. Bukenya

Journal of Food Distribution Research, 2017, vol. 48, issue 01

Abstract: This paper examines price volatility in the African catfish (Clarias gariepinus) supply chain in Uganda. The volatility process in the catfish markets was analyzed based on monthly price data from January 2006 to August 2013. A GARCH model is used to estimate the volatility parameters. Empirical results revealed that the value of the first-order autoregressive term and the value of the first-order moving average term were significant for both aquaculture and wild-harvest catfish supply chains. The observed long persistence of volatility in both supply channels suggests a fundamental level of uncertainty and risk in the catfish subsector over the studied period.

Keywords: Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlofdr:274572

DOI: 10.22004/ag.econ.274572

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