000152214 001__ 152214
000152214 005__ 20210122073227.0
000152214 0247_ $$2doi$$a10.22004/ag.econ.152214
000152214 037__ $$a1336-2016-103940
000152214 041__ $$aeng
000152214 245__ $$aHow Responsive to Prices is the Supply of Milk in Malawi?
000152214 260__ $$c2013-07-09
000152214 269__ $$a2013-07-09
000152214 270__ $$mcesar.revoredo@sruc.ac.uk$$pRevoredo-Giha,   Cesar
000152214 270__ $$mirina.arakelyan@sruc.ac.uk$$pArakelyan,   Irina
000152214 270__ $$mneil.chalmers@sruc.ac.uk$$pChalmers,   Neil
000152214 300__ $$a21
000152214 336__ $$aWorking or Discussion Paper
000152214 490__ $$aLAND ECONOMY WORKING PAPER SERIES
000152214 490__ $$aNumber: 76
000152214 520__ $$aDairy is a key investment sector for the Government of Malawi. Advocacy institutions operating in the country have successfully lobbied for increasing the duty applied for powder milk, with the aim of improving the price received by farmers. It should be noted that whilst an increase of the price paid to farmers would rise their revenues (assuming the same amount of milk delivery), it might also bring additional blessings, in the sense that if farmers respond to prices, they may rise their revenues beyond the increase in prices, and furthermore, they would expand their delivery of milk to processors offsetting the imports of powder milk and reducing their idle capacity in factories. Hence, the purpose of this paper is to measure the responsiveness of the deliveries of milk at the milk bulking groups to prices paid to farmers (i.e., the elasticity of supply faced by processors). This is done using a unique dataset that comprises information by milk bulking group from January 2009 to February 2013. The results indicate that the supply of milk is price responsive. The price elasticity in the short term is equal to 0.6 and in the long term is 1.44. This indicates that farmers’ revenues not only benefit from an increase in the price of milk but also from the increase in the quantity produced. Furthermore, it indicates the possibility that domestic producers could offset imports of milk powder by processors, although answer to this requires further research.
000152214 650__ $$aFood Consumption/Nutrition/Food Safety
000152214 650__ $$aInternational Relations/Trade
000152214 6531_ $$aMilk supply
000152214 6531_ $$aautoregressive distributed lags
000152214 6531_ $$apanel data.
000152214 700__ $$aRevoredo-Giha, Cesar
000152214 700__ $$aArakelyan, Irina
000152214 700__ $$aChalmers, Neil
000152214 700__ $$aChitika, Rollins
000152214 8564_ $$96f5278da-9510-4d3f-b9ec-b6134a7958b7$$s668301$$uhttps://ageconsearch.umn.edu/record/152214/files/leergworkingpaper76.pdf
000152214 887__ $$ahttp://purl.umn.edu/152214
000152214 909CO $$ooai:ageconsearch.umn.edu:152214$$pGLOBAL_SET
000152214 912__ $$nSubmitted by DONNA EWEN (donna.ewen@sruc.ac.uk) on 2013-07-09T10:09:02Z
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  Previous issue date: 2013-07-09
000152214 913__ $$aLicense granted by DONNA EWEN (donna.ewen@sruc.ac.uk) on 2013-07-09T10:02:05Z (GMT):

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000152214 980__ $$a1336
000152214 982__ $$gScottish Agricultural College>Land Economy Research Group>Working Papers