Conditioning of milk market development in Poland with particular regard paid to price volatility
2014
Borawski, P., University of Warmia and Mazury, Olsztyn (Poland) | Dunn, J.W., Pennsylvania State Univ., State College, Centre County, Pennsylvania State (USA)
The aim of the paper was to recognise price efficiency of milk and its products in Poland. The authors used data from the Main Statistical Office in Poland and the USDA data. The authors used statistical methods to measure the changes of prices. The authors presented a spatial differentiation of milk production in Poland. The highest production was observed in Mazowieckie province (543.42 thousand cows) in 2010 and Podlaskie province (457.68 thousand cows in 2010). The authors found the decrease in the number of cows and total milk production in Poland and the increase of milk yield per unit. The price of milk and milk products changed in the years 2003-2013. The prices of milk products were more volatile than the farm milk price. Therefore, the authors can conclude that milk products’ volatility depends on the market conditions, whereas, system intervention and milk quotas reduce the volatility of the farm milk prices. The price of milk depended on the price of milk products.
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