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The study intended to determine the producer (farm)-retail price transmission behavior in the South African poultry industry. At the heart of the study was to desire to establish whether there was symmetry or asymmetry in the price transmission. Using price data from 2000 to 2010 and employing both the Houck and Error Correction Model (ECM) approaches the study found that there was symmetry in the farm-retail price transmission of poultry in South Africa, where a change in farm price of chicken was observed to lead to a similar change in the retail price in South Africa. The price setting system in the poultry industry was further defined by estimating elasticities of price transmission and it was found that retail price is very sensitive to change in farm price, particularly falling prices.

Keywords: poultry ; price transmission ; farm and retail prices ; time series

Subject(s): Agribusiness

Demand and Price Analysis

Food Consumption/Nutrition/Food Safety

Livestock Production/Industries

Issue Date: Sep 01 2011

Publication Type: Journal Article

DOI and Other Identifiers: (ISSN #: 1559-2448) (Other)

PURL Identifier: http://purl.umn.edu/114713 Published in: International Food and Agribusiness Management Review, Volume 14, Issue 3 Page range: 127-146

Total Pages: 20

JEL Codes: Q100; Q110; Q120; Q130; Q180

Note: The IFAMR is the Official Journal of the International Food and Agribusiness Management Association: www.ifama.org

Series Statement: Volume 14

Issue 3

Record appears in: International Food and Agribusiness Management Association (IFAMA) > International Food and Agribusiness Management Review





Autor: Mkhabela, Thulasizwe S. ; Nyhodo, Bonani

Fuente: http://ageconsearch.umn.edu/record/114713?ln=en



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