Milk quotas are a basic tool of the dairy market regime regulation in the EU. An abolishment of the quotas in 2015 will trigger considerable but positive changes in the market conditions. Limitation of supply, which in fact is a very strong intervention in the market fundamentals, has a negative...

En este trabajo utilizamos el analisis envolente de datos (DEA) para estimar la eficiencia tecnica de una muestra de 72 explotaciones lecheras, de la comarca interior de la provincia de la Coruna (Galicia). Pretendemos evaluar se existen diferencias significativas en la eficiencia tecnica entre...

The dairy sector in Uganda has been transformed into a more competitive and dynamic sector. Supply-side factors have enabled expansion in milk production. Between 2005 and 2009 –milk production (estimated at 1.5 billion litres in 2010) has been partly an outcome of a 20 percent increase in the...

This paper attempts to identify factors which influence the effectiveness of milk production. The basic aim is to compare levels of costs in the dairy industry between Czech and European producers. The average cost per 100 kg ECM milk is determined from data provided by the European Dairy...

The Dairy sector in Uganda has responded positively to agricultural sector liberalisation policies that took effect in the 1990s. Total national milk production has grown from 460 million litres in 1990 to 1.6 billion litres in 2011, with per capita milk consumption growing from 16 litres in...

We evaluate impacts of milk quota abolition in Finland where production costs and producer price of milk are among the highest in the EU. We analyse several price scenarios for dairy products corresponding to 10-30% reductions in raw milk prices in the EU following milk quota expansion of 2% per...

The paper examines empirical returns from holding thirty- and ninety-day call and put positions,and the forecasting performance of implied volatility in the live and feeder cattle optionsmarkets. In both markets, implied volatility is an upwardly biased and inefficient predictor ofrealized...

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