DOMESTIC AND INTERNATIONAL OILSEEDS MARKET IN THE CONDITIONS OF COVID-19
DOMESTIC AND INTERNATIONAL OILSEEDS MARKET IN THE CONDITIONS OF COVID-19

Summary/Abstract: The production of oilseeds (soybeans, sunflowers and oilseed rape) on the domestic market remains above average with a marked increase in production since 2018, while the area under oilseeds from 2018 remains stable. Compared to the five-year average, the area under oilseeds increased by about 12% in 2020 which contributed to this year’s record. Based on data published in the “Green Book I”, oilseeds in 2020 recorded a slight decline in production of 3.4% due to the decline in sunflower yields. Analyzing the time period from several years ago, significant changes have been noticed on the international market, which are reflected in the fact that the share of vegetable oils as oil products is increasing and the market price is increasing. In this regard, groups of oilseeds can be determined for which there are potential opportunities for export growth in the coming period, such as edible oil, seed goods and unmodified soybean products. This especially affects highly developed countries (such as the USA, Canada, Russia, Ukraine…) which have a developed processing industry, and which, thanks to high productivity, can realize the final, ie on the international market. more expensive products. According to the projections of the American Ministry of Agriculture, the covid-19 pandemic affected international trade, where a smaller decline in imports and exports was recorded at the international level. In this paper we apply theso-called. exponential trend, which is determined based on a review of the flow chart of the obtained data. The rate of change shows us the percentage of increase or decrease of individual phenomena with the application of the trend. Based on quantitative statistical indicators, such as arithmetic mean, coefficient of variation, interval of variation and rate of change, we will present areas, production, yields, imports and exports on both domestic and international oilseeds market in the period from 2019 to 2021.

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