Applied analysis of milk market in Bahrain

• Autor(a) principal: Al-Mahish, Mohammed
• Data de Publicação: 2019
• Outros Autores: Sisman, Muhammet Yunus, Elzaki, Raga
• Tipo de documento: Artigo
• Idioma: eng
• Título da fonte: Revista do Instituto de Laticínios Cândido Tostes
• Texto Completo: https://www.revistadoilct.com.br/rilct/article/view/734
• topic: milk import; Bahrain; equilibrium displacement model.; importação de leite; Bahrein; modelo de deslocamento de equilíbrio.

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.