Econometric Analysis of Milk Value Chain

This article deals with the basic analysis of price transmission in the milk agri-food chain. The analysis is aimed at deriving the fundamental relationships between milk prices at the individual levels of the chosen vertical. The results are then validated with the use of statistical hypotheses testing. From the derived single equation models, it is clear that there is a strong difference in the leverage of individual factors influencing the price at different levels of the milk value chain. The results were elaborated within the research intention IVZ MSM 604607090