Pricing of livestock products in Indonesian modern food retailers during covid-19 pandemic

The role of modern markets is increasing in the food system in Indonesia, mainly as a result of technological and institutional advances. Indonesian households' food consumption still depends on staple food. The share of household expenditure on meat, eggs, and milk was only 12 percent. The pur...

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Autores principales:	R. Pambudy, A. K. Adhi, H. Herawati, H. Harianto
Formato:	article
Lenguaje:	EN
Publicado:	Diponegoro University, Faculty of Animal and Agricultural Sciences 2021
Materias:	3sls beef chicken price levelling Animal culture SF1-1100 Veterinary medicine SF600-1100
Acceso en línea:	https://doaj.org/article/81fcbebc90334c4c9f3db9132e3137ff
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spelling	oai:doaj.org-article:81fcbebc90334c4c9f3db9132e3137ff2021-12-02T20:46:59ZPricing of livestock products in Indonesian modern food retailers during covid-19 pandemic2087-82732460-627810.14710/jitaa.46.4.356-363https://doaj.org/article/81fcbebc90334c4c9f3db9132e3137ff2021-12-01T00:00:00Zhttps://ejournal.undip.ac.id/index.php/jitaa/article/view/37107https://doaj.org/toc/2087-8273https://doaj.org/toc/2460-6278The role of modern markets is increasing in the food system in Indonesia, mainly as a result of technological and institutional advances. Indonesian households' food consumption still depends on staple food. The share of household expenditure on meat, eggs, and milk was only 12 percent. The purpose of the study was to analyze the pricing of livestock products in retail level in the modern market. The data used in this study is daily price data for beef, eggs, and chicken at wholesale and retail levels published through the National Strategic Food Price Information Center (PIHPSN) from January 2020 to December 2020. This study employed a quantitative method, through the formulation of an econometric model, and applied the 3SLS method to estimate the model. The results show that traders face an increasing price risk following the Covid-19 pandemic. The retailers enforce price stabilization at the consumer level when prices at the wholesaler level fluctuate. However, the study did not find the practice of price averaging between commodities at the retailers level. The results of this study are useful for policy formulations aimed at stabilizing food prices.R. PambudyA. K. AdhiH. HerawatiH. HariantoDiponegoro University, Faculty of Animal and Agricultural Sciencesarticle3slsbeefchickenprice levellingAnimal cultureSF1-1100Veterinary medicineSF600-1100ENJournal of the Indonesian Tropical Animal Agriculture, Vol 46, Iss 4, Pp 356-363 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	3sls beef chicken price levelling Animal culture SF1-1100 Veterinary medicine SF600-1100
spellingShingle	3sls beef chicken price levelling Animal culture SF1-1100 Veterinary medicine SF600-1100 R. Pambudy A. K. Adhi H. Herawati H. Harianto Pricing of livestock products in Indonesian modern food retailers during covid-19 pandemic
description	The role of modern markets is increasing in the food system in Indonesia, mainly as a result of technological and institutional advances. Indonesian households' food consumption still depends on staple food. The share of household expenditure on meat, eggs, and milk was only 12 percent. The purpose of the study was to analyze the pricing of livestock products in retail level in the modern market. The data used in this study is daily price data for beef, eggs, and chicken at wholesale and retail levels published through the National Strategic Food Price Information Center (PIHPSN) from January 2020 to December 2020. This study employed a quantitative method, through the formulation of an econometric model, and applied the 3SLS method to estimate the model. The results show that traders face an increasing price risk following the Covid-19 pandemic. The retailers enforce price stabilization at the consumer level when prices at the wholesaler level fluctuate. However, the study did not find the practice of price averaging between commodities at the retailers level. The results of this study are useful for policy formulations aimed at stabilizing food prices.
format	article
author	R. Pambudy A. K. Adhi H. Herawati H. Harianto
author_facet	R. Pambudy A. K. Adhi H. Herawati H. Harianto
author_sort	R. Pambudy
title	Pricing of livestock products in Indonesian modern food retailers during covid-19 pandemic
title_short	Pricing of livestock products in Indonesian modern food retailers during covid-19 pandemic
title_full	Pricing of livestock products in Indonesian modern food retailers during covid-19 pandemic
title_fullStr	Pricing of livestock products in Indonesian modern food retailers during covid-19 pandemic
title_full_unstemmed	Pricing of livestock products in Indonesian modern food retailers during covid-19 pandemic
title_sort	pricing of livestock products in indonesian modern food retailers during covid-19 pandemic
publisher	Diponegoro University, Faculty of Animal and Agricultural Sciences
publishDate	2021
url	https://doaj.org/article/81fcbebc90334c4c9f3db9132e3137ff
work_keys_str_mv	AT rpambudy pricingoflivestockproductsinindonesianmodernfoodretailersduringcovid19pandemic AT akadhi pricingoflivestockproductsinindonesianmodernfoodretailersduringcovid19pandemic AT hherawati pricingoflivestockproductsinindonesianmodernfoodretailersduringcovid19pandemic AT hharianto pricingoflivestockproductsinindonesianmodernfoodretailersduringcovid19pandemic
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Pricing of livestock products in Indonesian modern food retailers during covid-19 pandemic

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