Asymmetric Price Volatility Transmission in the Spanish Fresh Wild Fish Supply Chain

2020 ◽  
Vol 35 (1) ◽  
pp. 65-81
Author(s):  
Hugo Ferrer-Pérez ◽  
Pilar Gracia-de-Rentería
Keyword(s):  
Supply Chain ◽  
Price Volatility ◽  
Wild Fish ◽  
Volatility Transmission

scholarly journals Legal-economic barriers to price transfers in food supply chains

2012 ◽  
Vol 6 (1-2) ◽  
pp. 27-33 ◽  
Author(s):  
Harry Bremmers ◽  
Bernd Van der Meulen ◽  
Zorica Sredojevi ◽  
Jo Wijnands
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Food Supply ◽  
Value Added ◽  
Price Volatility ◽  
Retail Sector ◽  
The European Union ◽  
Food Supply Chains ◽  
Industry Policy ◽  
The One

Recent price movements have put food supply chains under pressure. On the one side, upward price tendencies on commodity markets result in higher costs to processing firms. On the other side, these firms are confronted with a strong retail sector that is able to prevent compensation to protect consumers’ and own economic interests. Regulatory impediments of European law, especially with respect to foodstuffs, can adversely be utilized as barriers to protect the interest downstream the supply chain. The problem is that legal-economic instruments which can serve to smooth price volatility in supply markets can also opportunistically be used at the expense of the middlesection in food supply chains (i.e., mainly small and medium sized producers). The aim of this article is to identify the legal-economic mechanisms that effect price transfers in food supply chains in the European Union and define policy adjustments to improve pricing mechanisms, while safeguarding the interests of the processing industry. Policy alternatives to improve the smooth functioning of notably intermediate markets in food supply chains are the restructuring of competition law, improved processor information management and creating transparency of value added in the supply chain by means of labelling devices.

Price Volatility in Seafood Markets: Farmed vs. Wild Fish

2015 ◽  
Vol 19 (3) ◽  
pp. 316-335 ◽  
Author(s):  
Frank Asche ◽  
Roy Endré Dahl ◽  
Marie Steen
Keyword(s):  
Price Volatility ◽  
Wild Fish

scholarly journals Supply Need Analysis of Strategic Commodities in Supply Chain Management Development in Surabaya

2019 ◽  
Vol 2 (1) ◽  
pp. 1-11
Author(s):  
Ignathia Martha Hendrati ◽  
Nuruni Ika Kusuma Wardani ◽  
Hery Pudjo Prastyono ◽  
Sishadiyati Sishadiyati
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Agricultural Land ◽  
Production Capacity ◽  
Price Volatility ◽  
Price Stability ◽  
Chain Management ◽  
The People ◽  
Rate Of Increase ◽  
The Government

The problem of food sufficiency is a basic human need so that the availability of food for the people of Surabaya City must always be guaranteed. Law Number 7 of 1996 concerning Food, mandates that the government and the community are responsible for realizing Food Security. The Government organizes the regulation, guidance, control and supervision of sufficient food availability, both in quantity and quality and safety and nutritious, evenly distributed and affordable by the purchasing power of the people. The rate of increase in food demand is faster than the rate of increase in production capacity. Surabaya as a city of trade and services does not have sufficient agricultural land so that the supply of strategic commodities highly depends on supplies from outside the region which cause vulnerability to supply availability and price instability. Based on the description above, intensive monitoring of food price volatility in several markets and food wholesalers in the city of Surabaya is needed in order to maintain supply stability and price stability. One alternative to overcome the problems as above is with the development of the Supply Chain Management logistics city. In the long run according to the results that will be obtained in this study, it is expected to increase the role of PD. Pasar Surya in maintaining supply availability and price stability.

Supplying resilience through assessing diversity of responses to disruption

2020 ◽  
Vol 40 (3) ◽  
pp. 271-292 ◽  
Author(s):  
Helena Kahiluoto ◽  
Hanna Mäkinen ◽  
Janne Kaseva
Keyword(s):  
Supply Chain ◽  
Research Question ◽  
Effective Means ◽  
Price Volatility ◽  
Theory And Practice ◽  
Content Type ◽  
Supply Chain Resilience ◽  
Response Diversity ◽  
Base Management ◽  
Practical Implications

PurposeThe purpose of this paper is to contribute to the theory and practice of supply chain management in terms of how an organisation should structure its supply base to be resilient to supply uncertainties and disruptions. An empirical assessment of supplier response diversity is demonstrated, and the following research question posed: Is response diversity of suppliers positively associated with supply chain resilience, more positively than mere supplier diversity is?Design/Methodology/ApproachResilience is operationalised as the maintenance of sales of two food products in 27 southern Finnish retail stores during two distinct disruptions. Response diversity is operationalised as 1) diversity in the personnel sizes of slaughterhouse suppliers of pork under domestic strikes and as 2) evenness in the proportions of imports and domestic supply of food oil under global price volatility. A five-step quantitative assessment is performed.FindingsResponse diversity is positively related to the maintenance of sales, more positively than diversity of individual suppliers is.Research limitations/ImplicationsResponse diversity is an advancement to the theory of supply chain resilience and supply base management, and access to big data increases practical potential.Practical implicationsEmpirical assessments of response diversity of suppliers provide buyer companies an effective means to enhance their supply base management for resilience.Social implicationsThe proposed approach is useful for teaching and for authorities to enhance food security.Originality/valueThis first assessment of response diversity of supply chain operations presents an important advancement in the theory and practice of supply base management for resilience.

Understanding causes of volatility in onion prices in India

2019 ◽  
Vol 9 (3) ◽  
pp. 255-275 ◽  
Author(s):  
Pratap Birthal ◽  
Akanksha Negi ◽  
P.K. Joshi
Keyword(s):  
Supply Chain ◽  
Market Power ◽  
Time Series Data ◽  
Price Volatility ◽  
Food Prices ◽  
Control Measures ◽  
Series Data ◽  
High Price ◽  
Content Type ◽  
Food Commodities

Purpose Post-2008 global food crisis the prices of perishable high-value food commodities, such as vegetables and fruits, in India have risen faster and become more volatile compared to that of cereals. The welfare consequences of price shocks though are well understood yet the policy responses to manage these remain blurred because of a lack of clarity on their causes. Focusing on onions that comprise an important constituent of the Indian diet, the purpose of this paper is to explore causes of high price volatility. Design/methodology/approach Using high-frequency time series data on wholesale prices and arrivals of onions in major markets and other relevant variables, this paper analyzes causes of price volatility from several angles, that is production shocks, seasonality in production and market arrivals, internal trade, export policies and market power of intermediaries on the supply chain. Findings Despite markets being integrated and no significant climatic shocks to production there exists a strong element of uncertainty in market arrivals of onions, pointing toward the market power immediate downstream the production or alternatively anti-competition trade practices in major markets as a cause of high price volatility. The measures to manage price volatility, such as an increase in minimum export prices and bans on exports, are also not found to have an immediate cooling effect on prices. Research limitations/implications The agricultural policy should provide for a system of market intelligence to monitor anti-competitive trade practices along the supply chain, and to take proactive trade control measures to prevent frequent ups and downs in domestic prices. In addition, it should provide for incentives for developing efficient supply chains and for the cultivation of onions in the regions that have agronomic potential but it has remained underexploited due to one or the other constraint. Social implications Excessive volatility in food prices impacts farmers, consumers, processors, and traders and even political system. It may distort production and investment decisions of farmers and intermediaries on the value chains, leading to inefficient allocation of resources. The poor consumers may be forced to reduce food and non-food productive expenditures. If persists for a longer period, it may lead to political instability too. Originality/value Several studies have analyzed volatility in food prices and causes thereof. However, rarely any of these has examined volatility in prices of perishable high-value food commodities. This paper is an attempt toward filling this gap.

scholarly journals Price and Volatility Transmission and Market Power in the German Fresh Pork Supply Chain

2017 ◽  
Vol 68 (3) ◽  
pp. 861-880 ◽  
Author(s):  
Tsion Taye Assefa ◽  
Miranda P.M. Meuwissen ◽  
Cornelis Gardebroek ◽  
Alfons G.J.M. Oude Lansink
Keyword(s):  
Supply Chain ◽  
Market Power ◽  
Volatility Transmission

scholarly journals Supply Chain Disruptions and Their Effect on Volatility of Rice Prices in Saudi Arabia

2016 ◽  
Vol 8 (6) ◽  
pp. 105
Author(s):  
Fadye Saud Al Fayad
Keyword(s):  
Saudi Arabia ◽  
Supply Chain ◽  
Information Access ◽  
Price Volatility ◽  
Bullwhip Effect ◽  
Supply Chain Disruptions ◽  
Supply Channel ◽  
Rice Prices ◽  
Positive Correlations ◽  
Food Commodities

<p>This research has examined the issue of supply chain disruptions and how they affect price volatility in the commodities marketplace. Specifically, this point was discussed and examined in relation to the rice imports undertaken by Saudi Arabia with respect to how supply chain disruptions in the rice supply channel contributes to price volatility. The supply chain was first identified to consist of various nodes along which market participants work to move the commodity from one point to another. The observation was confirmed that any disruptions up the supply chain tended to manifest themselves in downstream effects such as the bullwhip effect in which increased inventory levels or decreasing inventory levels are felt successively further down the supply chain. These and factors relating to supply as well as demand in other markets also were identified to contribute to price volatility for Saudi Arabia and its rice imports. The analysis demonstrated that every major global economic disturbance over the past 50 years corresponded to fluctuations in the price of food commodities. Saudi Arabia was shown to receive the vast majority of rice supplies from a single market which is India. India supplies Saudi Arabia with some 72% of its rice imports which ensures that any transportation or customs issue encountered by any supply channel participant prior to the Kingdom’s receipt of its rice will alter the price profile of these rice commodities. Saudi Arabia was shown to already have experienced substantial price volatility of its rice imports with much of this volatility originating in India due to suppliers in India responding to competing demand for its Basmati varieties of rice. This volatility was manifested during 2012 and 2013 when rice prices per metric ton increased some 40% overall. Finally, this report also undertook regression analysis of the rice import data that found positive correlations between variables such as time between harvest and distribution, milling facility ownership and road/shipping lane conditions and the price structure of rice. The conclusion is that supply chain disruptions can and periodically do result in price volatility for rice in Saudi Arabia. Hence, this report finds that certain factors such as information access, the establishment of long-term contracts as well as trade group membership can be effective at reducing the transaction costs in the Kingdom’s rice market. Essentially, these factors can work to place downward pressure on rice prices by the metric ton which would flatten out some of the price volatility in Saudi Arabia’s rice imports.</p>

scholarly journals Sustainable demand-supply chain: an innovative approach for improving sustainability in agrifood chains

2020 ◽  
pp. 1-16
Author(s):  
Maryline Filippi ◽  
Alain Chapdaniel
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Supply Chain Coordination ◽  
Price Volatility ◽  
Value Distribution ◽  
Raw Material ◽  
Added Value ◽  
Organization And Management ◽  
Key Points ◽  
Chain Organization

Increasing price volatility and the decrease in both raw material prices and farmers’ incomes, all underline the depths of the French agricultural crisis. How should the relationships within agrifood supply chains be envisaged in order to obtain greater sustainability combined with better added-value distribution? This article introduces a new approach for supply chain organization and management: the sustainable demand-supply chain. The paper mobilizes both management, organization and innovation literatures, together with a case study based on data from farmers, cooperatives and distributors in the pork sector. The originality of the paper lies in its modelization of sustainable demand-supply chains. The results show that new relationships need to be implemented between all stakeholders, including consumers – both to share information and to define their new added-value distribution. The results identify the key points of this new supply chain coordination and indicate policy recommendations for organizational innovations.

Price Volatility Transmission in Food Supply Chains: A Literature Review

Agribusiness ◽  
2014 ◽  
Vol 31 (1) ◽  
pp. 3-13 ◽  
Author(s):  
Tsion Taye Assefa ◽  
Miranda P.M. Meuwissen ◽  
Alfons G.J.M. Oude Lansink
Keyword(s):  
Literature Review ◽  
Supply Chains ◽  
Food Supply ◽  
Price Volatility ◽  
Volatility Transmission ◽  
Food Supply Chains
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