Wholesale and retail price integration in the live reef food fish trade
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This paper explores price integration between wholesale and retail prices of live reef food fish, a highvalue
export fishery supplied by nearly 20 countries in the Asia-Pacific region with demand centred in
Hong Kong. Cointegration analysis is used to test for relationships between wholesale and retail prices
in demand countries for live reef fish species in aggregate and then by species. Results indicate that
wholesale and retail prices of live reef fish species are cointegrated and form part of the same market.
An analysis of price integration between wholesale supply and wholesale demand prices is undertaken
using a high value reef fish exported to Hong Kong from Australia.