In recent years, there has been growing interest on the functioning of food supply chains in the face of significant external challenges, such as a growing demand for agricultural production worldwide and price volatility. This report is the first to analyze the functioning of the food supply chain in terms of firm-level mark-up volatility of its actors. The results show that the farm sector has a significantly higher volatility than its counterparts in the food supply chain.
A good understanding of mark-up dynamics is crucial for improving the economic sustainability of the food supply chain.