Short-run dynamics of feed ingredient prices facing the EC: a causal analysis

Yves Dronne and Christophe Tavera ()
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Yves Dronne: ESR - Unité de recherche d'Économie et Sociologie Rurales - INRA - Institut National de la Recherche Agronomique

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Abstract: This paper attempts to (1) shed some light on the EC - US controversy concerning the effect of the EC oilseeds market regime on EC imports of US soybean products, essentially soy meal, and (2) provide information on another EC - US controversy: Does corn-gluten feed behave as a substitute for (EC view) or a complement to (US view) feed grains, and do EC corn-gluten feed imports displace EC grain production or not? By using a constrained vectorial autoregressive model of Rotterdam prices for soy meal, sunflower meal, rape meal, corn-gluten feed and cassava, we show that (1) the decrease in EC imports of US soymeal are mot mainly caused by the EC milling subsidies, and (2) corn-gluten feed is both a substitute for soymeal due to its protein content and a substitute for cassava (and grains) due to its energy content: US and EC views are only partial views.

Keywords: Oléagineux; Commerce International (search for similar items in EconPapers)
Date: 1990
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Published in Agricultural Economics, 1990, 4, pp.351-364

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Journal Article: Short‐run dynamics of feed ingredient prices facing the EC: a causal analysis (1990)
Journal Article: Short-run dynamics of feed ingredient prices facing the EC: a causal analysis (1990)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01898833

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