Price relationships in the Queensland barley market

V. Jyothi Gali and C.G. Brown
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V. Jyothi Gali: Senior Research Officer, Productivity Commission, P.O. Box 80, Belconnen 2616, A.C.T., Australia, Postal: Senior Research Officer, Productivity Commission, P.O. Box 80, Belconnen 2616, A.C.T., Australia
C.G. Brown: Senior Lecturer in Agricultural Economics, School of Natural and Rural Systems Management, The University of Queensland, St Lucia Campus, Brisbane QLD 4072, Australia, Postal: Senior Lecturer in Agricultural Economics, School of Natural and Rural Systems Management, The University of Queensland, St Lucia Campus, Brisbane QLD 4072, Australia

Agribusiness, 2002, vol. 18, issue 2, 181-196

Abstract: Barley can be differentiated into feed and malting barley based on its end-use markets. Substitutability both in supply and in demand complicates analysis of price information in the barley market. This article examines the price linkages between feed and malting barley in the Queensland barley market using cointegration and error correction models. Malting barley prices respond to restore equilibrium relationships with corresponding feed barley prices in the long run, but not vice versa. Thus feed barley prices appear to be a leading indicator of malting barley prices. [JEL codes: L100, C22, N57.] © 2002 Wiley Periodicals, Inc.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:18:y:2002:i:2:p:181-196

DOI: 10.1002/agr.10010

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