EVOLUTION OF OILSEED SECTOR IN ROMANIA – AN ANALYSIS FROM THE PERSPECTIVE OF EFFECTS PRODUCED BY THE COVID-19 PANDEMIC

Diana-Maria Drigă ()
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Diana-Maria Drigă: Institute of Agricultural Economics, Romanian Academy, Bucharest

Agricultural Economics and Rural Development, 2022, vol. 19, issue 2, 239-253

Abstract: Romania ranks first in the European Union for the production of sunflower seeds, third for the production of soybeans and seventh for the production of rapeseed. The paper aims to analyse the effects produced by the COVID-19 pandemic on the evolution of the oilseed sector in Romania. Thus, the following indicators were analysed: evolution of areas under oilseeds, total oilseed production and average yields, as well as the volatility of selling prices for oilseeds. The results of the study reveal that Romania has been the largest producer of sunflower seeds in the European Union. The average yields in sunflower, soybeans and rapeseed have shown great variations in the analysed period. According to Eurostat data, it can be noticed that although Romania is the third large producer of oilseeds in the EU, the average yields continue to be low compared to those from other large EU producers. Yields are also among the most volatile in the EU. The selling prices for soybeans showed a higher increase in the year 2020 than in 2019 in Romania, compared to the increase in the average selling prices of the EU-27 (+9.89%). The selling prices for rapeseed also had a higher increase in 2020 than in 2019 in Romania, compared to the increase in the average selling prices of the EU-27 (+2.31%).

Keywords: areas; production; prices. (search for similar items in EconPapers)
JEL-codes: Q11 Q13 (search for similar items in EconPapers)
Date: 2022
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