Price formation and competitiveness of the South African broiler industry in the global context

dc.contributor.authorDavids, Patricia (Tracey)
dc.contributor.authorMeyer, Ferdinand
dc.date.accessioned2017-07-26T15:26:43Z
dc.date.issued2017-04
dc.description.abstractIn light of its recent classification by the Department of Trade and Industry as an industry in distress, this paper undertakes a comprehensive evaluation of the competitiveness of South African broiler production in the global context. A qualitative review of industry structure revealed a great deal of similarity to market leaders globally. Price formation within broiler production contracts in South Africa utilizes the same tournament pricing used successfully in the USA, resulting in high levels of technical efficiency, however economic efficiency is lacking. Univariate time series analysis confirmed that the domestic price of chicken is more elastic to changes in the import parity price than changes in feed costs. Feed remains crucial to economic efficiency and while declining protein meal prices in the future is plausible given recent investment into the industry, marketing strategies that optimize the returns from an entire carcass could aid effective competition with imported products.en_ZA
dc.description.departmentAgricultural Economics, Extension and Rural Developmenten_ZA
dc.description.embargo2018-10-03
dc.description.librarianhj2017en_ZA
dc.description.urihttp://www.tandfonline.com/toc/ragr20en_ZA
dc.identifier.citationT. Davids & F.H. Meyer (2017) Price formation and competitiveness of the South African broiler industry in the global context, Agrekon, 56:2, 123-138, DOI: 10.1080/03031853.2017.1302349.en_ZA
dc.identifier.issn2078-0400 (online)
dc.identifier.issn0303-1853 (print)
dc.identifier.other10.1080/03031853.2017.1302349
dc.identifier.urihttp://hdl.handle.net/2263/61456
dc.language.isoenen_ZA
dc.publisherRoutledgeen_ZA
dc.rights© Agricultural Economics Association of South Africa. This is an electronic version of an article published in Agrekon, vol. 56, no. 2, pp. 123-138, 2017. doi : 10.1080/03031853.2017.1302349. Agrekon is available online at : http://www.tandfonline.comloi/ragr20.en_ZA
dc.subjectCompetitivenessen_ZA
dc.subjectSouth African poultryen_ZA
dc.subjectContractingen_ZA
dc.subjectPricingen_ZA
dc.subjectError correction modelen_ZA
dc.titlePrice formation and competitiveness of the South African broiler industry in the global contexten_ZA
dc.typePostprint Articleen_ZA

Files

Original bundle

Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
Davids_Price_2017.pdf
Size:
858.81 KB
Format:
Adobe Portable Document Format
Description:
Postprint Article

License bundle

Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
license.txt
Size:
1.75 KB
Format:
Item-specific license agreed upon to submission
Description: