Pricing-to-Market Analysis: The Case of EU Wheat Exports

The EU is a major player in the global wheat market. This paper examines the pricing behavior of EU wheat exporters using a pricing-to-market (PTM) analysis. Wheat is an exemplary product for testing PTM theories as it is widely and frequently traded, and it is largely unbranded. We estimate the rel...

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Main Authors: Dawson, P.J., Gorton, Matthew, Hubbard, Lionel, Hubbard, Carmen
Format: Report
Language:unknown
Subjects:
Iceland
Online Access:https://ageconsearch.umn.edu/record/212044/files/Pricing_to_market_Dawson_et_al_1_.pdf
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spelling ftrepec:oai:RePEc:ags:iaae15:212044 2024-04-14T08:13:40+00:00 Pricing-to-Market Analysis: The Case of EU Wheat Exports Dawson, P.J. Gorton, Matthew Hubbard, Lionel Hubbard, Carmen https://ageconsearch.umn.edu/record/212044/files/Pricing_to_market_Dawson_et_al_1_.pdf unknown https://ageconsearch.umn.edu/record/212044/files/Pricing_to_market_Dawson_et_al_1_.pdf preprint ftrepec 2024-03-19T10:38:28Z The EU is a major player in the global wheat market. This paper examines the pricing behavior of EU wheat exporters using a pricing-to-market (PTM) analysis. Wheat is an exemplary product for testing PTM theories as it is widely and frequently traded, and it is largely unbranded. We estimate the relationship between export unit values and exchange rates using quarterly panel data for 11 export destinations for 2000- 2013. Results show that there is a meaningful long-run relationship between export unit values and exchange rates, but there is little evidence of differential mark-ups between export markets. Belarus and Iceland are exceptions where the EU exercises local currency price stabilization. Agricultural Finance, Crop Production/Industries Report Iceland RePEc (Research Papers in Economics)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description The EU is a major player in the global wheat market. This paper examines the pricing behavior of EU wheat exporters using a pricing-to-market (PTM) analysis. Wheat is an exemplary product for testing PTM theories as it is widely and frequently traded, and it is largely unbranded. We estimate the relationship between export unit values and exchange rates using quarterly panel data for 11 export destinations for 2000- 2013. Results show that there is a meaningful long-run relationship between export unit values and exchange rates, but there is little evidence of differential mark-ups between export markets. Belarus and Iceland are exceptions where the EU exercises local currency price stabilization. Agricultural Finance, Crop Production/Industries
format Report
author Dawson, P.J.
Gorton, Matthew
Hubbard, Lionel
Hubbard, Carmen
spellingShingle Dawson, P.J.
Gorton, Matthew
Hubbard, Lionel
Hubbard, Carmen
Pricing-to-Market Analysis: The Case of EU Wheat Exports
author_facet Dawson, P.J.
Gorton, Matthew
Hubbard, Lionel
Hubbard, Carmen
author_sort Dawson, P.J.
title Pricing-to-Market Analysis: The Case of EU Wheat Exports
title_short Pricing-to-Market Analysis: The Case of EU Wheat Exports
title_full Pricing-to-Market Analysis: The Case of EU Wheat Exports
title_fullStr Pricing-to-Market Analysis: The Case of EU Wheat Exports
title_full_unstemmed Pricing-to-Market Analysis: The Case of EU Wheat Exports
title_sort pricing-to-market analysis: the case of eu wheat exports
url https://ageconsearch.umn.edu/record/212044/files/Pricing_to_market_Dawson_et_al_1_.pdf
genre Iceland
genre_facet Iceland
op_relation https://ageconsearch.umn.edu/record/212044/files/Pricing_to_market_Dawson_et_al_1_.pdf
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