The impact of relevant factors on wheat supply and demand in the Republic of Serbia

The aim of the study is to conduct the wheat balances analysis, to research the supply and demand in the domestic market, and to examine the partial impact of the relevant factors on the supply and demand. The the research results of wheat production and trade flows can contribute to the increase of...

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Bibliographic Details
Published in:Ekonomika poljoprivrede (1979) 2018, Vol.65 (1), p.143-156
Main Authors: Ignjatijević, Svetlana, Čavlin, Miroslav, Jahić, Miralem
Format: Article
Language:English
Subjects:
Agricultural commodities
Agricultural policy
Agricultural production
Agriculture
Climate change
Competition
Competitiveness
Consumers
Consumption
Correlation analysis
Correlation coefficient
Correlation coefficients
Demand
Dependence
Domestic markets
Employment
Exports
Food products
Imports
International trade
Market positioning
Marketing
Prices
Product quality
Production
Profits
Self sufficiency
Stocks
Supply & demand
supply, demand, export, wheat, wheat balances analysis, correlation dependence
Trends
Variance analysis
Wheat
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Summary:The aim of the study is to conduct the wheat balances analysis, to research the supply and demand in the domestic market, and to examine the partial impact of the relevant factors on the supply and demand. The the research results of wheat production and trade flows can contribute to the increase of supply and to the structural changes in production, the strengthening of competitiveness, the increase of trade exchange, improvement in production and processing, new investments, higher employment rate, and so on. The methods used in the research are the wheat balances analysis, the functional and correlation analysis (the functional correlation analysis), the variance analysis, T-test, as well as other general methods. The results of the wheat production and consumption balances analysis indicate the existence of surplus and potential for export of an average of 805.29 thousand tons with a trend of increase after 2013. The impact of production, initial stocks, imports, and purchase prices on wheat supply is high (R = 0.99). The impact of consumption, sales prices, income, exports, and final stocks on wheat demand is high (R = 0.95). By analyzing the correlation coefficient of wheat production and supply, a coefficient of 0.96 was obtained, while for the wheat consumption and demand the obtained coefficient was 0.82, which indicates high correlation dependence. In the period 2000-2016, the export of wheat was increased 8.7 times along with the increase in price per kg and the total export value.
ISSN:0352-3462
2334-8453
DOI:10.5937/ekoPolj1801143I