EJPAU 2006. Bórawski P. MILK PRICE VOLATILITY IN POLAND

Electronic Journal of Polish Agricultural Universities (EJPAU) founded by all Polish Agriculture Universities presents original papers and review articles relevant to all aspects of agricultural sciences. It is target for persons working both in science and industry,regulatory agencies or teaching in agricultural sector. Covered by IFIS Publishing (Food Science and Technology Abstracts), ELSEVIER Science - Food Science and Technology Program, CAS USA (Chemical Abstracts), CABI Publishing UK and ALPSP (Association of Learned and Professional Society Publisher - full membership). Presented in the Master List of Thomson ISI.

2006
Volume 9
Issue 2

Topic:

Economics

ELECTRONIC
JOURNAL OF
POLISH
AGRICULTURAL
UNIVERSITIES

Bórawski P. 2006. MILK PRICE VOLATILITY IN POLAND, EJPAU 9(2), #34.
Available Online: http://www.ejpau.media.pl/volume9/issue2/abs-34.html

MILK PRICE VOLATILITY IN POLAND

Piotr Bórawski
Department of Agribusiness and Environmental Economics, Warmia and Mazury University in Olsztyn, Poland

ABSTRACT

The objective of this paper is to investigate milk price volatility in Poland from 1993-2004. The basis of analysis data used is from Central Statistical Office (GUS). Future changes in milk prices were predicted using Hurst coefficient. The economic transition process created large differences in milk prices. The collected data enabled to use ADF test which aim was to check integration level of milk price. Moreover, the milk price rank was estimated on the basis of ARMA model. The scientific analysis enabled to measure seasonality and to forecast milk prices.

Key words: milk price, minimum and maximum prices, Hurst coefficient, ADF test, ARMA model.

Piotr Bórawski
Department of Agribusiness and Environmental Economics,
Warmia and Mazury University in Olsztyn, Poland
Plac Łodzki 2, 10-957 Olsztyn, Poland
Phone: 48 89 523-33-13
email: pboraw@moskit.uwm.edu.pl

Responses to this article, comments are invited and should be submitted within three months of the publication of the article. If accepted for publication, they will be published in the chapter headed 'Discussions' and hyperlinked to the article.