Price volatility of milk and dairy products in Poland after accession to the EU

Piotr Bórawski, Marta Guth, Andrzej Parzonko, Tomasz Rokicki, Aleksandra Perkowska and James William Dunn
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Piotr Bórawski: Department of Agrotechnology and Agribusiness, Faculty of Agriculture and Forestry, University of Warmia and Mazury in Olsztyn, Olsztyn, Poland
Marta Guth: Department of Macroeconomics and Food Economics, Institute of Economics, Poznań University of Economics and Business, Poznań, Poland
Andrzej Parzonko: Department of Economics and Organization of Enterprises, Faculty of Economics, Warsaw University of Life Science - SGGW, , Warszaw, Poland
Tomasz Rokicki: Department of Logistics, Institute of Economics and Finance, Warsaw University of Life Sciences, Warszaw, Poland
Aleksandra Perkowska: Department of Logistics, Institute of Economics and Finance, Warsaw University of Life Sciences, Warszaw, Poland
James William Dunn: Department of Agricultural Economics, Sociology and Education, Faculty of Agricultural Sciences, Pennsylvania State University, Pennsylvania, USA

Agricultural Economics, 2021, vol. 67, issue 3, 111-119

Abstract: Milk and dairy products help meet the nutritional needs of the population. The main goal of this research was to analyse price volatility of milk and dairy products in Poland after accession to the European Union (EU). Price is the main economic influencer. We used 161 monthly observations from 01. 2007 to 05. 2020 to analyse the price changes. To measure the volatility, we have used Augmented Dickey-Fuller test (ADF test), Autoregressive-Moving-Average model (ARMA model), and Granger test. Our research confirmed high volatility of milk and dairy products prices. The ARMA model confirmed that the dairy product prices are stationary. Milk, butter and Gouda cheese are also useful for forecasting.

Keywords: factors; milk market; stationarity (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlage:v:67:y:2021:i:3:id:459-2020-agricecon

DOI: 10.17221/459/2020-AGRICECON

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