Estimation of efficiency of functioning of plant products in Poland – a case study based on the potato commodity
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Date
2011
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Instytut Uprawy Nawożenia i Gleboznawstwa – Państwowy Instytut Badawczy w Puławach
Abstract
Description
The paper is devoted to key problems of Polish agriculture
– assessing the level of market efficiency. In the studies, the
method of comparing price trends for the years 1991–2008 was
used. The analyses which were carried out showed that the potato
market can be assessed as an efficient market. The pace of price
growth of potato exceeds the price growth of alternative agricultural
products. The reduction of the market share of producers
in retail prices is not observed in the market of fresh potatoes.
The highest economic efficiency for producers is ensured by the
production of early crop potatoes. At the same time, on the potato
market there are many efficiency barriers to potatoes in terms of
low ability to compete on the international market. Lower cost of
sales transactions causes a gradual growth of links with potato
buyers by contract.
Keywords
market, evaluation of efficiency, price trends, potato
Citation
Polish Journal of Agronomy
2011, 5, 3–10