1 research outputs found
Tendencies and prediction of prices of industrial crops In serbia
The research in this paper deals with the prices of the most important industrial
crops in Serbia – soybean, sunflower, sugarbeet, rapeseed and tobacco. The main
aim of the research was to perform aquantitative analysisto determine the trends in
the prices and to predict the trends for the following period. The analysis was based
on the average annual prices for the period 2005-2019. The quantitative analysis
was performed by using methods of descriptive statistics and the average annual
rate of change to discover the trendsfor the analyzed period and to predict the
trends for the following five years (2020-2024). The average annual price of
soybean was 311.86 EUR/t. The price ranged between 189 and 527 EUR/t. The
annual change rate of soybean price in Serbia in the analyzed period was 2.76%.
The average annual price of sunflower was 264.78 EUR/t. The price ranged
between 163 and 455 EUR/t. The annual change rate of sunflower price in Serbia
was 2.13%. The average annual price of sugarbeet was 31.60 EUR/t. The price
ranged between 24.36 and 40.31 EUR/t. The annual change rate of sugar beet price
was 1.85 %. The average annual price of rapeseed was 299.58 EUR/t. The price
ranged between 145 and 447 EUR/t. The annual change rate was 5.84%. The
average annual price of tobacco was 1,749 EUR/t. The price ranged between 1,068
and 2,159 EUR/t. The annual change rate of tobacco price in Serbia was
3.90%.The predictions show that the expected prices for the industrial crops in
2024 in Serbia will be as follows: soybean 337, sunflower 266, sugar beet 35.33,
rapeseed 425 and tobacco 2,208 EUR/