IDEAS home Printed from https://ideas.repec.org/a/caa/jnlage/v67y2021i3id459-2020-agricecon.html
   My bibliography  Save this article

Price volatility of milk and dairy products in Poland after accession to the EU

Author

Listed:
  • Piotr Bórawski

    (Department of Agrotechnology and Agribusiness, Faculty of Agriculture and Forestry, University of Warmia and Mazury in Olsztyn, Olsztyn, Poland)

  • Marta Guth

    (Department of Macroeconomics and Food Economics, Institute of Economics, Poznań University of Economics and Business, Poznań, Poland)

  • Andrzej Parzonko

    (Department of Economics and Organization of Enterprises, Faculty of Economics, Warsaw University of Life Science - SGGW, , Warszaw, Poland)

  • Tomasz Rokicki

    (Department of Logistics, Institute of Economics and Finance, Warsaw University of Life Sciences, Warszaw, Poland)

  • Aleksandra Perkowska

    (Department of Logistics, Institute of Economics and Finance, Warsaw University of Life Sciences, Warszaw, Poland)

  • James William Dunn

    (Department of Agricultural Economics, Sociology and Education, Faculty of Agricultural Sciences, Pennsylvania State University, Pennsylvania, USA)

Abstract

Milk and dairy products help meet the nutritional needs of the population. The main goal of this research was to analyse price volatility of milk and dairy products in Poland after accession to the European Union (EU). Price is the main economic influencer. We used 161 monthly observations from 01. 2007 to 05. 2020 to analyse the price changes. To measure the volatility, we have used Augmented Dickey-Fuller test (ADF test), Autoregressive-Moving-Average model (ARMA model), and Granger test. Our research confirmed high volatility of milk and dairy products prices. The ARMA model confirmed that the dairy product prices are stationary. Milk, butter and Gouda cheese are also useful for forecasting.

Suggested Citation

  • Piotr Bórawski & Marta Guth & Andrzej Parzonko & Tomasz Rokicki & Aleksandra Perkowska & James William Dunn, 2021. "Price volatility of milk and dairy products in Poland after accession to the EU," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 67(3), pages 111-119.
    • Handle: RePEc:caa:jnlage:v:67:y:2021:i:3:id:459-2020-agricecon
    DOI: 10.17221/459/2020-AGRICECON
    as

    Download full text from publisher

    File URL: http://agricecon.agriculturejournals.cz/doi/10.17221/459/2020-AGRICECON.html
    Download Restriction: free of charge
    File URL: http://agricecon.agriculturejournals.cz/doi/10.17221/459/2020-AGRICECON.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.17221/459/2020-AGRICECON?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Andrzej Parzonko & Piotr Bórawski, 2020. "Competitiveness of Polish dairy farms in the European Union," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 66(4), pages 168-174.
    2. Ronald W. Ward, 1982. "Asymmetry in Retail, Wholesale, and Shipping Point Pricing for Fresh Vegetables," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(2), pages 205-212.
    3. Esther Boere & Jack Peerlings & Stijn Reinhard & Wim Heijman, 2015. "The dynamics of dairy land use change with respect to the milk quota regime," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 42(4), pages 651-674.
    4. Boulanger, Pierre & Philippidis, George, 2015. "The EU budget battle: Assessing the trade and welfare impacts of CAP budgetary reform," Food Policy, Elsevier, vol. 51(C), pages 119-130.
    5. Fabio Gaetano Santeramo & Emilia Lamonaca, 2019. "On the drivers of global grain price volatility: an empirical investigation," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(1), pages 31-42.
    6. Marwa Ben Abdallah & Maria Fekete Farkas & Zoltan Lakner, 2020. "Analysis of Dairy Product Price Transmission in Hungary: A Nonlinear ARDL Model," Agriculture, MDPI, vol. 10(6), pages 1-14, June.
    7. Tomasz Wierzejski & Wiesława Lizinska & Dominika Jakubowska, 2020. "Consumption and Internationalization: Determinants for the Development of the Dairy Market in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 629-644.
    8. Bouamra-Mechemache, Zohra & Réquillart, Vincent & Soregaroli, Claudio & Trévisiol, Audrey, 2008. "Demand for dairy products in the EU," Food Policy, Elsevier, vol. 33(6), pages 644-656, December.
    9. T. Weldesenbet, 2013. "Asymmetric price transmission in the Slovak liquid milk market," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 59(11), pages 512-524.
    10. Xu, Tengfang & Flapper, Joris, 2009. "Energy use and implications for efficiency strategies in global fluid-milk processing industry," Energy Policy, Elsevier, vol. 37(12), pages 5334-5341, December.
    11. Monika Roman, 2020. "Spatial Integration of the Milk Market in Poland," Sustainability, MDPI, vol. 12(4), pages 1-17, February.
    12. Dusan SIMO & Ladislav MURA & Jan BULECA, 2016. "Assessment of milk production competitiveness of the Slovak Republic within the EU-27 countries," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(10), pages 482-492.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jan Syrůček & Luděk Bartoň & Dalibor Řehák & Magdaléna Štolcová & Jiří Burdych, 2023. "Recent development of economic indicators on Czech dairy farms," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 69(2), pages 45-54.
    2. Piotr Bórawski & Aneta Bełdycka-Bórawska & Andrzej Parzonko & Tomasz Rokicki & Lisa Holden, 2022. "Changes in the comparative advantage of Polish dairy products," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 68(12), pages 464-475.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aneta Bełdycka-Bórawska & Piotr Bórawski & Marta Guth & Andrzej Parzonko & Tomasz Rokicki & Bogdan Klepacki & Marcin Wysokiński & Agnieszka Maciąg & James William Dunn, 2021. "Price changes of dairy products in the European Union," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 67(9), pages 373-381.
    2. Irz, Xavier & Mazzocchi, Mario & Réquillart, Vincent & Soler, Louis-Georges, 2015. "Research in Food Economics: past trends and new challenges," Revue d'Etudes en Agriculture et Environnement, Editions NecPlus, vol. 96(01), pages 187-237, March.
    3. Piotr Borawski & Marta Guth & Wojciech Truszkowski & Dagmara Zuzek & Aneta Beldycka-Borawska & Bartosz Mickiewicz & Elzbieta Szymanska & Jayson Kennedy Harper & James William Dunn, 2020. "Milk price changes in Poland in the context of the Common Agricultural Policy," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 66(1), pages 19-26.
    4. Islam Hassouneh & Teresa Serra & José M. Gil, 2010. "Price transmission in the Spanish bovine sector: the BSE effect," Agricultural Economics, International Association of Agricultural Economists, vol. 41(1), pages 33-42, January.
    5. Michel Simioni & Frédéric Gonzales & Patrice Guillotreau & Laurent Le Grel, 2013. "Detecting Asymmetric Price Transmission with Consistent Threshold along the Fish Supply Chain," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 61(1), pages 37-60, March.
    6. Carlotta Penone & Samuele Trestini, 2022. "Testing for asymmetric cointegration of Italian agricultural commodities prices: Evidence from the futures-spot market relationship," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 68(2), pages 50-58.
    7. Richards, Timothy J. & Patterson, Paul M., 2000. "New Varieties And The Returns To Commodity Promotion: The Case Of Fuji Apples," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 29(1), pages 1-14, April.
    8. Aysoy, Cevriye & Kirli, Duygu Halim & Tumen, Semih, 2015. "How does a shorter supply chain affect pricing of fresh food? Evidence from a natural experiment," Food Policy, Elsevier, vol. 57(C), pages 104-113.
    9. Zapata, Hector O. & Gil, Jose M., 1999. "Cointegration and causality in international agricultural economics research," Agricultural Economics, Blackwell, vol. 20(1), pages 1-9, January.
    10. Mustafa TERIN & Fahri YAVUZ, 2017. "A spatial equilibrium analysis for the possible regional impacts of the European Union full membership on the Turkey's dairy industry," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(4), pages 185-196.
    11. Levy, Daniel & Snir, Avichai & Gotler, Alex & Chen, Haipeng (Allan), 2020. "Not all price endings are created equal: Price points and asymmetric price rigidity," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue forthcomi.
    12. Capps, Oral, Jr. & Sherwell, Pablo, 2005. "Spatial Asymmetry in Farm-Retail Price Transmission Associated with Fluid Milk Products," 2005 Annual meeting, July 24-27, Providence, RI 19316, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    13. Lwin, Wuit Yi & Henneberry, Shida Rastegari, 2018. "Price transmission behavior of melons market in Myanmar-China border trade," 2018 Annual Meeting, August 5-7, Washington, D.C. 274276, Agricultural and Applied Economics Association.
    14. Marcin Pigłowski, 2021. "The Intra-European Union Food Trade with the Relation to the Notifications in the Rapid Alert System for Food and Feed," IJERPH, MDPI, vol. 18(4), pages 1-19, February.
    15. Mark Christopher Navin & J. M. Dieterle, 2018. "Cooptation or solidarity: food sovereignty in the developed world," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 35(2), pages 319-329, June.
    16. Richards, Timothy J. & Patterson, Paul M., 1998. "New Varieties and the Returns to Commodity Promotion: Washington Fuji Apples," Working Papers 28541, Arizona State University, Morrison School of Agribusiness and Resource Management.
    17. Griffith, Garry R. & Moore, Walter B., 1991. "Livestock Production Policies And Meat Processing Margins: The Case Of New Zealand, 1967-1988," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(1), pages 1-28, April.
    18. Lukáš Čechura & Zdeňka Žáková Kroupová & Irena Benešová, 2021. "Productivity and Efficiency in European Milk Production: Can We Observe the Effects of Abolishing Milk Quotas?," Agriculture, MDPI, vol. 11(9), pages 1-21, August.
    19. Bakucs, Lajos Zoltan & Ferto, Imre & Szabo, Gabor G., 2007. "Price transmission in the Hungarian vegetable sector," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 106, pages 1-17, July.
    20. Mariano Tappata, 2009. "Rockets and feathers: Understanding asymmetric pricing," RAND Journal of Economics, RAND Corporation, vol. 40(4), pages 673-687, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:caa:jnlage:v:67:y:2021:i:3:id:459-2020-agricecon. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ivo Andrle (email available below). General contact details of provider: https://www.cazv.cz/en/home/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.