ANALYSIS OF INTEGRATION BETWEEN QUEENSLAND FEED AND MALTING BARLEY MARKETS

Author

Jyothi Gali and Colin G. Brown

No 123649, 2000 Conference (44th), January 23-25, 2000, Sydney, Australia from  Australian Agricultural and Resource Economics Society

Abstract: Barley can be differentiated into feed and malting barley based on its end-use markets. Substitutability both in supply and in demand complicates analysis of price information in the barley market. The paper examines the price linkages between feed and malting barley in the Queensland barley market by using cointegration and error correction models. Malting barley prices respond to restore equilibrium relationships with corresponding feed barleyprices in the long run, but not vice versa. Thus there appears to be a price leadership role for feed barley, and one-way substitutability and quality differences in the barleymarket.

Keywords: Barley; Cointegration; Substitutability; Quality; Demand and Price Analysis; Marketing (search for similar items in EconPapers)
Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://purl.umn.edu/123649 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Searchfor items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:http://EconPapers.repec.org/RePEc:ags:aare00:123649

Access Statistics for this paper

More papers in 2000 Conference (44th), January 23-25, 2000, Sydney, Australia from  Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Series data maintained by AgEcon Search (aesearch@umn.edu).

For further details log on website :
http://econpapers.repec.org/scripts/search.pf?kw=Barley;pg=1