The vertical price transmission is generally considered as the relationship between two markets of the same production chain However, we can expand this concept to another relation which has not been deeply investiga...The vertical price transmission is generally considered as the relationship between two markets of the same production chain However, we can expand this concept to another relation which has not been deeply investigated： the joint products. They are the products which are produced in a single production process, but not correspond to the same chain. An especial case is the beef and milk markets in Costa Rica. Even if these products usually correspond to disconnect chains, in Costa Rica farms make use of cattle to produce both meat and milk. The cointegration framework is applied in order to indentify the price transmission among these markets. In addition, the asymmetric behavior and structural breaks are taken into account. Price transmission between each market pair was found. First, the cattle prices adjust in the milk-cattle relationship, second, beef meat prices adjust in the cattle-beef meat and in the milk - beef meat relationship. Finally, the equations allowing for structural breaks affect the estimates in the following three ways： after the break the elasticities became higher than 1, there is more evidence of cointegration, and the adjustment coefficients are significant only when a change in the long run is allowed.展开更多
A survey to identify constraints and design strategies to improve the camel milk and meat value chains was conducted in northern Kenya using Participatory Integrated Community Development （PICD）, Focus Group Discuss...A survey to identify constraints and design strategies to improve the camel milk and meat value chains was conducted in northern Kenya using Participatory Integrated Community Development （PICD）, Focus Group Discussions （FGD）, among other methods. In a second step, field testing of an intervention on milk and meat hygiene was carried out at household level. Survey results indicated that about 50% of marketable camel milk was not sold, 30% of marketed camel milk per annum was sold in sour state at US$ 0.13 lower that the price of a litre of fresh milk while processed meat got spoiled along the chain. Annual economic losses associated with milk spoilage were estimated at US$ 961,538.5. Preliminary findings of the field testing indicated that an additional 3 million litres of camel milk was sold in fresh state, giving an annual saving of US$ 384,615.4. Increased profitability of up to 60% compared to 30% before the intervention was reported among nyirinyiri processors. In conclusion, economic potential of the camel could be fully exploited by facilitating adoption of interventions such as hygiene, among others at all levels of the camel milk and meat value chains.展开更多
文摘The vertical price transmission is generally considered as the relationship between two markets of the same production chain However, we can expand this concept to another relation which has not been deeply investigated： the joint products. They are the products which are produced in a single production process, but not correspond to the same chain. An especial case is the beef and milk markets in Costa Rica. Even if these products usually correspond to disconnect chains, in Costa Rica farms make use of cattle to produce both meat and milk. The cointegration framework is applied in order to indentify the price transmission among these markets. In addition, the asymmetric behavior and structural breaks are taken into account. Price transmission between each market pair was found. First, the cattle prices adjust in the milk-cattle relationship, second, beef meat prices adjust in the cattle-beef meat and in the milk - beef meat relationship. Finally, the equations allowing for structural breaks affect the estimates in the following three ways： after the break the elasticities became higher than 1, there is more evidence of cointegration, and the adjustment coefficients are significant only when a change in the long run is allowed.
文摘A survey to identify constraints and design strategies to improve the camel milk and meat value chains was conducted in northern Kenya using Participatory Integrated Community Development （PICD）, Focus Group Discussions （FGD）, among other methods. In a second step, field testing of an intervention on milk and meat hygiene was carried out at household level. Survey results indicated that about 50% of marketable camel milk was not sold, 30% of marketed camel milk per annum was sold in sour state at US$ 0.13 lower that the price of a litre of fresh milk while processed meat got spoiled along the chain. Annual economic losses associated with milk spoilage were estimated at US$ 961,538.5. Preliminary findings of the field testing indicated that an additional 3 million litres of camel milk was sold in fresh state, giving an annual saving of US$ 384,615.4. Increased profitability of up to 60% compared to 30% before the intervention was reported among nyirinyiri processors. In conclusion, economic potential of the camel could be fully exploited by facilitating adoption of interventions such as hygiene, among others at all levels of the camel milk and meat value chains.
