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The Impact of Seasonality of Agricultural Production on Product Prices in Romania

Ionuț Laurențiu Petre, Bucharest University of Economic Studies, 6 Piata Romana, 1st District, Bucharest, Romania, Marian Motofeanu, Claudiu-Florentin Lăceanu, Virgil-Alin Chirilă, Bucharest University of Economic Studies, 6 Piata Romana, 1st District, Bucharest, Romania, School of Advanced Studies of the Romanian Academy (SCOSAAR), Romanian Academy, 125 Calea Victoriei, Sector 1, 010071, Bucharest, Romania, Bucharest University of Economic Studies, 6 Piata Romana, 1st District, Bucharest, Romania
2022 Economic Insights: Trends and Challenges  

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"This paper aims to determine the possible impact of the seasonality of agricultural production on the prices of these products. Three main products were analysed, the majority of which are wheat, maize and sunflower production. With the help of national databases, product prices were analysed quantitatively and qualitatively, as well as statistically, over the last 5 years by calendar month. A series of researches have been carried out on the data, such as: analysing the dynamics of both
more » ... and monthly prices, as well as determining the correlations between the price level for these products and the calendar month to which these prices refer. Following this analysis, the third-degree polynomial regression equations were determined, showing that product prices follow a sinuous trend, with high prices in the first part of the year, when supply is running out, then, during the harvesting period, there is a drop in price, given the sudden increase in supply on the market, and in the last months of the calendar year, the highest prices are recorded, given the additional cost of storing production following the harvesting campaign. "
doi:10.51865/eitc.2022.02.05 fatcat:424uzvrz3vdxzmaxuzo5nwzl3m
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Ionuț Laurențiu Petre, Bucharest University of Economic Studies, 6 Piata Romana, 1st District, Bucharest, Romania, Marian Motofeanu, Claudiu-Florentin Lăceanu, Virgil-Alin Chirilă, Bucharest University of Economic Studies, 6 Piata Romana, 1st District, Bucharest, Romania, School of Advanced Studies of the Romanian Academy (SCOSAAR), Romanian Academy, 125 Calea Victoriei, Sector 1, 010071, Bucharest, Romania, Bucharest University of Economic Studies, 6 Piata Romana, 1st District, Bucharest, Romania. "The Impact of Seasonality of Agricultural Production on Product Prices in Romania." Economic Insights: Trends and Challenges 2022.2 (2022) 67-77