Factors affecting Import Shares of Powdered Milk and other Milk Products and their Implications in Sri Lanka

Import shares of liquid milk, powdered milk, condensed milk and other milk products were estimated to determine their relative competitiveness. The change of import shares with changes of exchange rate and world price of milk. The analysis based on yearly data between 1975-2006 showed that relative CIF prices and incomes were important factors influencing the market shares of milk and milk products. The results also showed that imported milk powder is price inelastic and a weak substitute for other imported milk products. The milk powder import shares will decline marginally with depreciation of exchange rate by 5% and increase of world price of milk over a forecasted period of 5-7 years. However, these changes are not significant.


Issue Date:
2006
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/205960
Published in:
Sri Lankan Journal of Agricultural Economics, Volume 08
Page range:
21-30
Total Pages:
10




 Record created 2017-04-01, last modified 2017-12-30

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