Price Integration along the Spanish Gilthead Seabream (Sparus aurata) Value Chain Public Deposited

http://ir.library.oregonstate.edu/concern/conference_proceedings_or_journals/z890rz46n

Suggested Bibliographic Reference: Challenging New Frontiers in the Global Seafood Sector: Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 11-15, 2016. Compiled by Stefani J. Evers and Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2016.

Proceedings of the Eighteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, held July 11-15, 2016 at Aberdeen Exhibition and Conference Center (AECC), Aberdeen, Scotland, UK.

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  • Seabream is the most important farmed species in the Mediterranean region, and Spain is the largest market. A key question for this industry is to assess the way in which negotiation power is distributed along the value chain. Price transmission is studied by analyzing market integration between different levels of the value chain. The price series for seabream at the ex-farm, wholesale and retail levels have been collected weekly since 2009 by the Ministry of Agriculture and Food through the Observatory of Food Prices. Import prices were collected from the quantities and values ​​imported by Spain from Greece and Turkey, the larger exporters in the Mediterranean, available in the database of external trade of the EU. In a model to test price transmission in the domestic market only local prices are considerd. A second model considers Spanish ex-farm prices and Spanish import prices from Greece and Turkey to test market delimitations. Results show that ex-farm prices are not caused by other agents of the value chain. Wholesalers set their prices according to the ex-farm prices and the retailers’ margin. However, when considering retailers, there are no price linkages causing their prices. Results also suggest that Spanish ex-farms prices are determined in part by the Spanish industry, but especially by the price of imports.
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  • 0976343290

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