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The Structure of International Demand for Soybean Products

Published online by Cambridge University Press:  08 February 2017

Dale Heien  and
Daniel Pick
Dale Heien
Affiliation:
Department of Agricultural Economics atthe University of California at Davis
Daniel Pick
Affiliation:
U.S. Department of Agriculture
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Abstract

This study used a new body of quarterly data to estimate multilateral import demand relations for soybeans and soymeal. The countries of origin were the United States, Brazil, and Argentina. The areas of destination were the EEC, Japan, and Eastern Europe. The results indicated that own- and cross-price elasticities were quite large. These demand relations were then inverted and solved for prices to examine the effect on total revenue of increases in supplies from each of the exporting countries. Results showed that, in all cases except one, own-total revenue was inflexible with respect to increase in the own-quantity supplied. These results imply that an increase in exports will be associated with smaller proportional increase in revenue from exports.

Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 23 , Issue 1 , July 1991 , pp. 137 - 146
Copyright
Copyright © Southern Agricultural Economics Association 1991

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