Price Parities for Vegetables in Serbia - Analysis and Forecasting

The paper analyzes price parities of important vegetable crops in Serbia in relation to wheat, which has always been a point of reference in price formation of other agricultural products. The analysis was carried out by means of descriptive statistics for the period 1994-2017 for the following vege...

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Bibliographic Details
Main Authors: Novković Nebojša, Drinić Ljiljana, Mihajlović Šumadinka, Vukelić Nataša, Ivanišević Dragan
Format: Article
Language:English
Published: Sciendo 2019-12-01
Series:Contemporary Agriculture
Subjects:
Online Access:https://doi.org/10.2478/contagri-2019-0009
Description
Summary:The paper analyzes price parities of important vegetable crops in Serbia in relation to wheat, which has always been a point of reference in price formation of other agricultural products. The analysis was carried out by means of descriptive statistics for the period 1994-2017 for the following vegetable crops: potato, bean, tomato, pepper, onion and cabbage. The method used for forecasting of the price parities for the period 2018-2022 is time series analysis, i.e. ARIMA models. The research results showed that the price parities of bean, tomato and pepper will increase: from 9.1 to 12.3 for bean, from 1.9 to 3.5 for tomato and from 2.3 to 3 for pepper. The price parities for potato (1.4) and cabbage (1.4) will remain practically unchanged, while the price parity of onion will decrease to 1.5.
ISSN:2466-4774