Regional Wholesale Price Relationships in the Presence of Counter-Seasonal Imports
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Counter-seasonal imports of fresh produce facilitate year-round availability in the U.S. and
may impact the seasonal structure of market price relationships. Vector autoregression
analysis is used to determine the nature and extent of spatial price relationships among four
geographically distinct regions in the U.S. fresh peach wholesale market. We evaluate differences
in regional spatial price relationships and find statistical evidence that price relationships
among regions are different in periods dominated by regional domestic supplies
imports compared with periods when counter-seasonal imports dominate the market.