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The effect of maize production and consumption on prices in Romania

Petre, Ionut Laurentiu (2017): The effect of maize production and consumption on prices in Romania. Published in: "Agrarian Economy and Rural Development - Realities and Perspectives for Romania" , Vol. 8, No. ISSN 2285-6803, ISSN-L 2285-6803 (16 November 2017): pp. 45-52.

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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.

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