RAW MILK PRICE TRANSMISSION IN THE SELECTED EU COUNTRIES
The EU dairy sector has faced new challenges since the main EU enlargement in 2004. This paper investigates spatial raw milk price transmission between Germany, France, the Netherlands, Poland, Lithuania, and Latvia. The study applies the Granger Causality test to analyse the short-term raw milk pri...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Agricultural Sciences and Veterinary Medicine, Bucharest
2021-01-01
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| Series: | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| Online Access: | https://managementjournal.usamv.ro/pdf/vol.21_3/Art54.pdf |
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| Summary: | The EU dairy sector has faced new challenges since the main EU enlargement in 2004. This paper investigates spatial raw milk price transmission between Germany, France, the Netherlands, Poland, Lithuania, and Latvia. The study applies the Granger Causality test to analyse the short-term raw milk price movements between the selected markets. Results suggest that the raw milk markets of six countries have survived important price shocks over the investigated period. Furthermore, the raw milk price development patterns of countries that joined the EU in 2004 move towards the more integrated EU raw milk market. Results of the Granger Causality tests suggest that countries could be grouped in accordance to raw milk price setting. The price development patterns in countries that joined the EU in 2004 and before differ. |
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| ISSN: | 2284-7995 2285-3952 |