Western Balkan Journal of Agricultural Economics and Rural Development (Jan 2019)
Prices of organic products in the Republic of Serbia
Abstract
In the paper, the authors analyse the organic system of agricultural production. Organic agriculture is a production system based on the principles of sustainable agriculture. Among other things, the need to integrate three basic aspects of sustainability - social, economic and environmental - is emphasized. In order to meet the economic viability organic production relies heavily on the so-called premium prices for these products. A survey of organic prices in the Republic of Serbia for the period 2012 to 2017 showed that premium prices in Serbia range from 50% to 300%, depending on the type of product and its seasonality. The authors conclude that this is in line with developed markets for organic products.
