Change in Seasonality Pattern of EU Farmgate Milk Price
Since 2007 farmgate milk prices in EU have become much more volatile and their seasonal pattern has stopped being so explicit. The purpose of this research is to test the hypothesis that seasonality still plays an important role in shaping farmgate milk prices in EU while its amplitude decreases tog...
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| Format: | Article |
| Language: | English |
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Warsaw University of Life Sciences Press
2019-09-01
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| Series: | Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego |
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| Online Access: | https://prs.sggw.edu.pl/article/view/2635 |
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| author | Jakub Olipra |
| author_facet | Jakub Olipra |
| author_sort | Jakub Olipra |
| collection | DOAJ |
| description | Since 2007 farmgate milk prices in EU have become much more volatile and their seasonal pattern has stopped being so explicit. The purpose of this research is to test the hypothesis that seasonality still plays an important role in shaping farmgate milk prices in EU while its amplitude decreases together with the growing integration of the EU milk market with the global market. The aforementioned issues are investigated using Census X-12 procedure of price decomposition and panel random effects model. The results indicate that after 2007 the role of seasonality in determining EU farmgate milk prices has significantly decreased which partially results from the higher integration of the EU milk market with the global market. Nevertheless, seasonality remains an important factor determining the farmgate milk prices in EU. It can be expected that with the further globalization of the milk market, the significance of seasonality in determining farmgate milk prices in EU will be diminishing. |
| format | Article |
| id | doaj-art-aa57a3cebe204b188e6ef1239356dc1c |
| institution | Kabale University |
| issn | 2081-6960 2544-0659 |
| language | English |
| publishDate | 2019-09-01 |
| publisher | Warsaw University of Life Sciences Press |
| record_format | Article |
| series | Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego |
| spelling | doaj-art-aa57a3cebe204b188e6ef1239356dc1c2025-02-04T10:43:10ZengWarsaw University of Life Sciences PressZeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego2081-69602544-06592019-09-0119310.22630/PRS.2019.19.3.48Change in Seasonality Pattern of EU Farmgate Milk PriceJakub Olipra0Warsaw School of Economics, PolandSince 2007 farmgate milk prices in EU have become much more volatile and their seasonal pattern has stopped being so explicit. The purpose of this research is to test the hypothesis that seasonality still plays an important role in shaping farmgate milk prices in EU while its amplitude decreases together with the growing integration of the EU milk market with the global market. The aforementioned issues are investigated using Census X-12 procedure of price decomposition and panel random effects model. The results indicate that after 2007 the role of seasonality in determining EU farmgate milk prices has significantly decreased which partially results from the higher integration of the EU milk market with the global market. Nevertheless, seasonality remains an important factor determining the farmgate milk prices in EU. It can be expected that with the further globalization of the milk market, the significance of seasonality in determining farmgate milk prices in EU will be diminishing.https://prs.sggw.edu.pl/article/view/2635farmgate milk priceseasonalityforecastingglobalizationpanel regressions |
| spellingShingle | Jakub Olipra Change in Seasonality Pattern of EU Farmgate Milk Price Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego farmgate milk price seasonality forecasting globalization panel regressions |
| title | Change in Seasonality Pattern of EU Farmgate Milk Price |
| title_full | Change in Seasonality Pattern of EU Farmgate Milk Price |
| title_fullStr | Change in Seasonality Pattern of EU Farmgate Milk Price |
| title_full_unstemmed | Change in Seasonality Pattern of EU Farmgate Milk Price |
| title_short | Change in Seasonality Pattern of EU Farmgate Milk Price |
| title_sort | change in seasonality pattern of eu farmgate milk price |
| topic | farmgate milk price seasonality forecasting globalization panel regressions |
| url | https://prs.sggw.edu.pl/article/view/2635 |
| work_keys_str_mv | AT jakubolipra changeinseasonalitypatternofeufarmgatemilkprice |