An empirical study on influencing factors of market price fluctuation of feed additives in China
The price fluctuation of feed additives has a direct impact on the development of feed industry and the quality of feed products of farmers.Additionally,it plays a vital role in enhancing the income of breeders and in propelling the stable development of the economy and society.This article selects 168 monthly data from 2010 to 2023 and uses a vector autoregressive model to explore the main factors affecting the market price fluctuation of feed additives from the price of feed additives themselves and the internal and external levels.The results showed that the price of feed additives is most affected by itself,and the contribution rate is still 64.19％in the 9th period.In terms of external factors,the most significant influences on the price of feed additives are feed demand and related policies of breeding industry.Among them,the demand for feed in the 9th period has 7.54％impact on the price of feed additives in the month.In terms of internal factors,the two factors that have the most obvious impact on the price fluctuation of feed additives are the production price of raw materials and the wholesale price of raw materials.Among them,the production price of raw materials in the 9th period has a 9.04％impact on the price of feed additives.The study shows that the market price fluctuations of feed additives in China is most affected by itself,and the other influencing factors are in order of production prices of raw materials,feed demand,wholesale prices of raw materials,policies related to the breeding industry,transportation prices of raw materials,seasonal factors,and domestic and foreign futures.
price fluctuationmarket price of feed additivesvector autoregressive modelfeed requirement
国家科技期刊平台
NSTL
万方数据
