Kafkas Üniversitesi Veteriner Fakültesi Dergisi 2024 , Vol 30 , Issue 4
Evaluation of the Effect of Exchange Rate and Energy Prices on Livestock Products and Feed Prices in Türkiye with Path Analysis
Mehmet KÜÇÜKOFLAZ1, Merve AYYILDIZ AKIN2, Can İsmail ZAMAN1, Erol AYDIN1, Savaş SARIÖZKAN3
1Kafkas University, Faculty of Veterinary Medicine, Department of Animal Health Economics and Management, TR-36000 Kars - TÜRKİYE
2Kafkas University, Faculty of Veterinary Medicine, Department of Biostatistics, TR-36000 Kars - TÜRKİYE
3Erciyes University, Faculty of Veterinary Medicine, Department of Animal Health Economics and Management, TR-38000 Kayseri - TÜRKIYE
DOI : 10.9775/kvfd.2024.31893 The aim of this study was to reveal the effects of exchange rate ($) and energy (oil) prices on livestock product (red meat, milk, eggs) and input (feed) prices in Türkiye through Path Analysis. The material of this study consisted of monthly average exchange rate and energy prices vs. fattening feed, milk feed, and egg feed prices, and producer prices of red meat, milk, and eggs for the years 2010-2023. According to the findings of this study, one unit increase in the exchange rate resulted in a total increase of 0.98, 0.99 and 0.98 units in the prices of fattening, milk and egg feed, respectively; a total increase of 0.93, 0.98 and 0.97 units in red meat, milk and egg prices, respectively (P<0.05). It was determined that a one unit increase in energy prices caused a total increase of 0.09, 0.09 and 0.11 units in fattening, milk and egg feed prices, respectively (P<0.05). However, energy prices did not affect livestock product prices (P>0.05). As a result, it has been observed that the exchange rate affects, particularly, input and livestock product prices, whereas energy prices affect only input costs in Türkiye. Therefore, it is thought that reducing external dependence on energy and upward fluctuations in exchange rates will make significant contributions to the reduction of input costs and product prices in animal husbandry, increase consumption rates and profitability of producers. Keywords : Livestock products, Energy, Exchange rate, Path analysis, Price