Transmission of climate shocks to livestock prices in regulated and unregulated markets: Evidence for raw milk in Colombian tropical livestock
This research investigates the impact of climate variability on the price trend of raw milk in Colombia, which is traded in regulated and unregulated markets. The findings indicate that climate variations do not affect the regulated price, whereas the unregulated market shows an asymmetric price res...
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| Format: | Article |
| Language: | English |
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Universitat Politècnica de València
2024-06-01
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| Series: | Economía Agraria y Recursos Naturales |
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| Online Access: | https://polipapers.upv.es/index.php/EARN/article/view/20195 |
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| _version_ | 1841563956344258560 |
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| author | Andres Mauricio Vargas Pérez José Luis Ramos Ruiz Sadan Alexander De la Cruz Almanza |
| author_facet | Andres Mauricio Vargas Pérez José Luis Ramos Ruiz Sadan Alexander De la Cruz Almanza |
| author_sort | Andres Mauricio Vargas Pérez |
| collection | DOAJ |
| description | This research investigates the impact of climate variability on the price trend of raw milk in Colombia, which is traded in regulated and unregulated markets. The findings indicate that climate variations do not affect the regulated price, whereas the unregulated market shows an asymmetric price response. The price increase is more significant than a favorable event in an adverse shock, such as a drought. This may clarify why small-scale producers tend to favor this market despite receiving lower prices on average for their raw milk. |
| format | Article |
| id | doaj-art-ea85e258e6be4f97837bea6b4e7429ab |
| institution | Kabale University |
| issn | 1578-0732 2174-7350 |
| language | English |
| publishDate | 2024-06-01 |
| publisher | Universitat Politècnica de València |
| record_format | Article |
| series | Economía Agraria y Recursos Naturales |
| spelling | doaj-art-ea85e258e6be4f97837bea6b4e7429ab2025-01-02T23:24:02ZengUniversitat Politècnica de ValènciaEconomía Agraria y Recursos Naturales1578-07322174-73502024-06-01241779810.7201/earn.2024.01.0419388Transmission of climate shocks to livestock prices in regulated and unregulated markets: Evidence for raw milk in Colombian tropical livestockAndres Mauricio Vargas Pérez0https://orcid.org/0000-0002-8642-6154José Luis Ramos Ruiz1https://orcid.org/0000-0002-8659-6604Sadan Alexander De la Cruz Almanza2https://orcid.org/0000-0002-1709-7190Universidad del Norte Universidad del Norte University of Pamplona This research investigates the impact of climate variability on the price trend of raw milk in Colombia, which is traded in regulated and unregulated markets. The findings indicate that climate variations do not affect the regulated price, whereas the unregulated market shows an asymmetric price response. The price increase is more significant than a favorable event in an adverse shock, such as a drought. This may clarify why small-scale producers tend to favor this market despite receiving lower prices on average for their raw milk.https://polipapers.upv.es/index.php/EARN/article/view/20195weather extremesdairy marketpricesregulation |
| spellingShingle | Andres Mauricio Vargas Pérez José Luis Ramos Ruiz Sadan Alexander De la Cruz Almanza Transmission of climate shocks to livestock prices in regulated and unregulated markets: Evidence for raw milk in Colombian tropical livestock Economía Agraria y Recursos Naturales weather extremes dairy market prices regulation |
| title | Transmission of climate shocks to livestock prices in regulated and unregulated markets: Evidence for raw milk in Colombian tropical livestock |
| title_full | Transmission of climate shocks to livestock prices in regulated and unregulated markets: Evidence for raw milk in Colombian tropical livestock |
| title_fullStr | Transmission of climate shocks to livestock prices in regulated and unregulated markets: Evidence for raw milk in Colombian tropical livestock |
| title_full_unstemmed | Transmission of climate shocks to livestock prices in regulated and unregulated markets: Evidence for raw milk in Colombian tropical livestock |
| title_short | Transmission of climate shocks to livestock prices in regulated and unregulated markets: Evidence for raw milk in Colombian tropical livestock |
| title_sort | transmission of climate shocks to livestock prices in regulated and unregulated markets evidence for raw milk in colombian tropical livestock |
| topic | weather extremes dairy market prices regulation |
| url | https://polipapers.upv.es/index.php/EARN/article/view/20195 |
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