Analysis of price and supply response of chicken eggs in Thailand
1996
Nipaporn Praditarchip
Marketing of eggs in Thailand depends mainly on domestic market. The production of eggs displays seasonal movements that has not match with demand. The production pattern also displays cyclicle movements. There are problems of great price fluctuations that farmers often operated at loss. This study attemps to analyze the supply response of chicken eggs as well as investigates the movement of price and production of eggs in Thailand, in order to provide up-dated information for further policy implications. To study the factors affecting the supply response of chicken eggs in Thailand. The model was estimated using estimated generalized least squares method. Investigation of egg price and production movements was analyzed using time series decomposition technique. The study found that the supply of chicken eggs is responsive to farm price of chicken eggs with a time lag of 2 quarters, price of chick with a time lag of 2 quarters, price of feed concentrate and a linear time trend. The elasticities of supply with respect to changes in these price factors are 0.0701, -0.0189 and -0.0648 respectively, whereas the growth rate of output with respect to time is 2.95 percent per quarter.
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