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The effect of maize production and consumption on prices in Romania

Author

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  • Petre, Ionut Laurentiu

Abstract

The present study seeks to answer the question: how does corn price influence production, consumption and foreign trade? In order to answer this question we will analyse the areas cultivated with corn, the total production and implicitly the average yield per hectare in the last years. These data, together with the average annual consumption of grain maize and the volume of imports and exports, will lead to the determination of supply and demand for maize on the market. With the help of price data collected on the website of the Ministry of Agriculture and Rural Development, which can be found in geographical areas and calendar months, we can observe the monthly differences in prices. Using these data and calculating the correlation coefficient, it will be possible to determine at the end of the project the effects of the demand and the supply on the price of this product.

Suggested Citation

  • Petre, Ionut Laurentiu, 2017. "The effect of maize production and consumption on prices in Romania," MPRA Paper 85197, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:85197
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    More about this item

    Keywords

    maize price; consumption; production; demand; supply;
    All these keywords.

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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