Supply Response of Milk Production: Analysis and Implications for BRIC Countries

@inproceedings{Bhattacharya2016SupplyRO,
  title={Supply Response of Milk Production: Analysis and Implications for BRIC Countries},
  author={Poulomi Bhattacharya and Badri Narayan Rath and Aruna Kumar Dash},
  year={2016}
}
This paper examines the supply response of milk production in BRIC countries using annual data for the period 1992 to 2010. The results derived from panel data analysis support a strong positive supply response of milk prices to the number of milking animals and total milk yield. The study also finds a strong association between price of substitutes between chicken meat and milk. The non-price factors like membership in WTO and exports have a positive impact on supply response in terms of… CONTINUE READING