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Short-run dynamics of feed ingredient prices facing the EC : a causal analysis

Author

Listed:
  • Yves Dronne

    (ESR - Unité de recherche d'Économie et Sociologie Rurales - INRA - Institut National de la Recherche Agronomique)

  • Christophe Tavéra

Abstract

This paper attempts to (1) shed some light on the EC - US controversy concerning the effect of the EC oilseeds market regime on EC imports of US soybean products, essentially soy meal, and (2) provide information on another EC - US controversy: Does corn-gluten feed behave as a substitute for (EC view) or a complement to (US view) feed grains, and do EC corn-gluten feed imports displace EC grain production or not? By using a constrained vectorial autoregressive model of Rotterdam prices for soy meal, sunflower meal, rape meal, corn-gluten feed and cassava, we show that (1) the decrease in EC imports of US soymeal are mot mainly caused by the EC milling subsidies, and (2) corn-gluten feed is both a substitute for soymeal due to its protein content and a substitute for cassava (and grains) due to its energy content: US and EC views are only partial views.

Suggested Citation

  • Yves Dronne & Christophe Tavéra, 1990. "Short-run dynamics of feed ingredient prices facing the EC : a causal analysis," Post-Print hal-01898833, HAL.
    • Handle: RePEc:hal:journl:hal-01898833
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    Cited by:

    1. Yves Y. Dronne & . Secteurs Productions Animales Et Sciences Socialesparis, 1994. "Oilseeds and peas in animal feed [Les oléagineux et protéagineux en alimentation animale]," Post-Print hal-02847881, HAL.

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    Keywords

    Oléagineux; Commerce International;

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