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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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
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author Novković Nebojša
Drinić Ljiljana
Mihajlović Šumadinka
Vukelić Nataša
Ivanišević Dragan
author_facet Novković Nebojša
Drinić Ljiljana
Mihajlović Šumadinka
Vukelić Nataša
Ivanišević Dragan
author_sort Novković Nebojša
collection DOAJ
description 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.
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spelling doaj.art-cd23a0a03314448880d1d26a1d8b739e2022-12-21T21:35:39ZengSciendoContemporary Agriculture2466-47742019-12-01683-4515910.2478/contagri-2019-0009contagri-2019-0009Price Parities for Vegetables in Serbia - Analysis and ForecastingNovković Nebojša0Drinić Ljiljana1Mihajlović Šumadinka2Vukelić Nataša3Ivanišević Dragan4Faculty of Agriculture, University of Novi Sad, Trg Dositeja Obradovića 8, Novi Sad, SerbiaFaculty of Agriculture, University of Banja Luka, Bosnia and HerzegovinaFaculty of Agriculture, University of Novi Sad, Trg Dositeja Obradovića 8, Novi Sad, SerbiaFaculty of Agriculture, University of Novi Sad, Trg Dositeja Obradovića 8, Novi Sad, SerbiaFimek, Engineering Management in Agribusiness, Novi Sad, SerbiaThe 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.https://doi.org/10.2478/contagri-2019-0009vegetablesprice parityserbiaforecasting
spellingShingle Novković Nebojša
Drinić Ljiljana
Mihajlović Šumadinka
Vukelić Nataša
Ivanišević Dragan
Price Parities for Vegetables in Serbia - Analysis and Forecasting
Contemporary Agriculture
vegetables
price parity
serbia
forecasting
title Price Parities for Vegetables in Serbia - Analysis and Forecasting
title_full Price Parities for Vegetables in Serbia - Analysis and Forecasting
title_fullStr Price Parities for Vegetables in Serbia - Analysis and Forecasting
title_full_unstemmed Price Parities for Vegetables in Serbia - Analysis and Forecasting
title_short Price Parities for Vegetables in Serbia - Analysis and Forecasting
title_sort price parities for vegetables in serbia analysis and forecasting
topic vegetables
price parity
serbia
forecasting
url https://doi.org/10.2478/contagri-2019-0009
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AT drinicljiljana priceparitiesforvegetablesinserbiaanalysisandforecasting
AT mihajlovicsumadinka priceparitiesforvegetablesinserbiaanalysisandforecasting
AT vukelicnatasa priceparitiesforvegetablesinserbiaanalysisandforecasting
AT ivanisevicdragan priceparitiesforvegetablesinserbiaanalysisandforecasting