Department of Food and Resource Economics - IFRO – University of Copenhagen

Department of Food and Resource Economics - IFRO

Photo: Nadezhda Bolotina/ScanStockPhoto

Market integration in the crustaceans market: Evidence from Germany

(from abstract) In this paper the price dynamics and the degree of market integration in the German crustaceans market is examined using cointegration methods. The study focuses on wild caught cold water shrimp, farmed warm water shrimp as well as lobster and derives implications for the fisheries sector. In the analysis, both the import market and the retail market price reactions are distinguished. Therefore, it is evaluated how price changes affect competing commodities within and between the value chain of a given crustaceans commodity. Evidence of partial market integration is found for all species under study at the import level while at the retail level; there is weak evidence of perfect market integration. At the import-retail level linkages, shrimp markets are partially integrated, while the lobster market is fully integrated. Consequently, it can be concluded that the species under consideration are substitutes. (...) Overexploited wild caught species would have the potential to recover and the competing farmed species could expand to at least insure against rising prices due to supply shortage. Thus, alternative fisheries management and development strategies should consider competing species, at least from an economic perspective. more >>

Market integration of cold and warmwater shrimp in Europe

(from abstract) This study examines market integration between the cold and warmwater shrimp value chain in the UK, Denmark, Italy, Sweden, and Norway using cointegration methods. (...) Unprocessed coldwater shrimp leads the market in northern Europe. Downstream, prices adjust within a few months, indicating that a shrimp is a shrimp. In the short-run, the coldwater value chain seems to be protected from competition, but provides opportunities for a shift in consumer demand towards warmwater in the long-run. This implies that coldwater shrimp prices are determined by demand and supply of warmwater shrimp, which is 15 times larger.  more >>

Shops can sell fewer calories

Supermarkets could help their customers consume fewer calories by making small changes to the recipes of own-brand food products to reduce the calories contained in the product, without notifying consumers explicitly, according to a study from IFRO.
Read more about the calories saving study here >>

Brexit will cost Danish food export

Danish food eksport to the UK will be hardly hit by the Brexit. However, some of the loss could probably be regained on other markets. This is a conclusion of a new IFRO report for the Ministry of Environment and Food in Denmark. The report can be downloaded here.