Abstract
Milk and dairy price volatility could affect regional market integration, influencing decisions of farmers, processors, and others in the supply chain. This study examines prices of eight dairy products verifying price cointegration between Poland’s main diary regions between 2008 and July 2021. First differenced and detrended data used in Granger causality tests establishes price dependency. The cointegrating equation estimation shows price transmission coefficients between the two regions are 0.94, 0.95, 0.87, and 0.85 for milk, powdered milk, butter, and cheese prices, respectively, implying strong price integration supported by impulse response function plots. Price integration eliminates unfair gain opportunities.
| Original language | English |
|---|---|
| Publication status | First published - 30 Aug 2023 |
| Event | XVII EAAE Congress, August 29th – September 1st 2023 - Rennes, Rennes, France Duration: 29 Aug 2023 → 1 Sept 2023 |
Conference
| Conference | XVII EAAE Congress, August 29th – September 1st 2023 |
|---|---|
| Country/Territory | France |
| City | Rennes |
| Period | 29/08/23 → 1/09/23 |