Applied analysis of milk market in Bahrain

Autor: Mohammed Al-Mahish, Muhammet Yunus Sisman, Raga Elzaki
Jazyk: English<br />Portuguese
Rok vydání: 2020
Předmět:
Zdroj: Revista do Instituto de Latícinios Cândido Tostes, Vol 74, Iss 2, Pp 123-134 (2020)
Druh dokumentu: article
ISSN: 0100-3674
2238-6416
DOI: 10.14295/2238-6416.v74i2.734
Popis: The paper analyzes milk consumption and milk production in the Kingdom of Bahrain by focusing on the forces of demand and supply. The results showed that the demand for milk in Bahrain is price inelastic and imported milk is a complement to domestic milk. Also, domestic milk supply in Bahrain is price inelastic and an increase in imported milk price increases domestic milk production. Furthermore, an increase in domestic income increases the quantity demanded of domestic and imported milk. However, it does not affect domestic milk supply and the prevailing milk prices. Conversely, an increase in alfalfa hay prices decreases domestic milk production and increases milk import.
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