Oil crops market in Serbia

Abstract

The main objective of this paper is to identify market performances of oil crops in Serbia. In that context, development in the production and trade of main oil crops were analyzed. Sunflower, soybean and rapeseed are oil crops that are seeded on the largest areas in comparison with other oil crops, and have the biggest contribution in the value of agricultural production. This analysis used descriptive and comparative methods. Bearing in mind the increase of the world prices of oil crops, which is the result of a stronger increase of demand, as well as the importance of the oil crops in Serbia, there are more possibilities for Serbian farmers to enlarge land areas of oil crops in the structure of the agricultural production. Preferential trade agreements with the countries of European Union (EU), CEFTA, and other countries give Serbia the possibilities for strengthening of trade flows and also for additional utilization of processing capacities which this country has.

Keywords

• market prices
• oil crops
• rapeseed
• Serbia
• soybean
• sunflower
• trade