Price of Food in Romania: Between Farm and Fork (original) (raw)

Analysis of Price Transmission Along the Agri-Food Chains in Romania

2011

The paper investigates price transmission along the agri-food chains, using the monthly series of agricultural, processor and consumer price indices in the period January 2006 – August 2010 for this purpose. The analysis is made at sectoral level and it is particularized for a few important chains, such as the wheat and bakery products chain and the chain of meat

Agricultural price volatility - effects on food security

2016

This The paper presents the causes of agricultural price volatility and the volatility effects on food security. In this context, it builds upon the idea that agricultural price volatility differently influences the consumers and the farmers, at the same time affecting the population’s food security, limiting the access to food mainly for the poor population. The second part of the paper evaluates the agricultural price volatility in Romania, using the monthly price series in the period 2006-2014, from the National Institute of Statistics. The obtained results reveal that throughout the investigated period, the agricultural prices had higher volatility in sunflower, potatoes, soybean and wheat, among the crop products, and in eggs and mutton as animal products. At the same time, consumer prices were more stable excepting vegetables and fruit.

Commodity Price Volatility during and after the Economic Crisis – Implications for Romania

South East European Journal of Economics and Business, 2013

Under the impact of a wide range of forces, the prices of globally traded commodities often experience sudden and significant fluctuations, putting under uncertainty and risk the economic status of producers, consumers and traders from the private to the national level. Although commodity markets are notorious for their price volatility, the events the world economy experienced in recent years, particularly the global economic crisis, offered new connotations to this phenomenon. These price movements reverberated across internal markets all over the world, affecting their statuses. As Central Eastern European countries, due to the processes they have undergone in recent decades, manifest an increased responsiveness to external shocks, Romania experienced the international turmoil in a severe manner. This paper calculates and presents, by comparison, the food price volatility experienced at the international level and on the Romanian market during the years of the crisis and immediat...

Examination of the price transmission and volatility of the main agricultural and food product categories

2021

I would like to thank the department of Business Administration of Food and Agricultural Enterprises and professor Anthony Rezitis for giving me the opportunity to pursue my PhD thesis in the University of Patras. Professor Rezitis was the supervisor of my PhD thesis from September 2011 to August 2015. Moreover, I would like to thank assistant professor Achilleas Kontogeorgos for administrating the process of my doctoral examination since professor Rezitis was not eligible as he was on a leave of absence from the university. Furthermore, I would like to thank the members of my advisory committee: professor Konstantinos Adamidis and professor Dimitris Kirikos. I am also grateful to the personnel of the department and especially Mrs. Anna Skepetari for their valuable help. Next, I would like to convey my thanks to my university colleagues for their support during these four years. Those that left and those that stayed. Special thanks go to Ourania Katsara for her help on the proofreading of my manuscripts. Last but not least, I would like to express my indebtedness to my family and wife for their continuous support and encouragement over the last four years without which I would never have the chance to complete the doctoral program.

Assessing the Price Risk on the Romanian Agricultural Market: Analyses and Implications

Interdisciplinary Management Research, 2013

In any sector of activity, the uncertainty of price evolution poses challenges to producers, consumers, traders and investors, from private to national level. Moreover, the strategic importance of agricultural sector makes the issue of price volatility in this field an even more important matter both for private and governmental persons. Lately, the global economy struggled with profound turbulences and events that augmented the volatility context on the commodity markets in general and implicitly on those for agricultural ones. The substantial increase of volatility led to major debates regarding what has driven these developments and what new implications emerge from the price risk perspective. Romania, due to its sensitivity to external shocks, experienced in a severe manner the international commodity turmoil but it also has been aff ected by other factors that augmented the internal volatility and risk context. This paper intends to model and analyze the volatility of prices oc...

Overview of the Literature on the Impact of Food Price Volatility

AGRITROPICA : Journal of Agricultural Sciences

Increased price volatility can increase investment risk and, at the same time, reduce investment. Food price volatility will have different effects on surplus and deficit households. Instead of investing, uncertainty in food prices can be a significant barrier for many deficit households to escape poverty. On the other hand, surplus households can save. Agricultural price shocks and volatility threaten the poorest people's access to food and economic welfare. The detrimental welfare impact on the consumers outweighs the gains to producers increasing the number of poor and in the depth of poverty. Decreased income in already low-income countries might result in malnutrition, death, and withdrawal of children from education. There is a substantial correlation between a country's food production index, poverty level, degree of urbanization and the risk that it will experience food riots, given the empirical evidence that shocks to agricultural prices can spark civil unrest and ...

Economic and social impacts of price volatility in the markets of agricultural products

2019

Lanfranchi, M., Giannetto, C., Rotondo, F., Ivanova, M. & Dimitrova, V. (2019). Economic and social impacts of price volatility in the markets of agricultural products. Bulgarian Journal of Agricultural Science, 25 (6), 1063–1068 The globalization of the economy has triggered a progressive process of innovation in the markets and communication, through direct and indirect effects, in the primary sector and particularly in the agribusiness sector. The demand and supply of agricultural and above all agri-food products is centred worldwide and no longer only at national or local level. Within these contexts, the individual agricultural companies are increasingly expelled and unable to compete and infl uence the performance of the markets themselves and are signifi cantly exposed to the volatility of the prices of unrefi ned agricultural materials. The purpose of this article is to examine the impacts of the volatility of agricultural commodity prices from a macroeconomic and microecono...

A short descriptive analysis of the European evolutions of input price indices of agricultural products between 2008-2017: Patterns, trends and implications

Strategic Management

Background: The evolutions of the inputs price and investment indices of the products in agriculture are not only determinant elements in understanding the fluctuations of the food price and the market instability, specific to the agricultural sector but also affects the agricultural production and traceability. Analyzing the European evolutions of the inputs price indices of agricultural products offer the possibility to understand the main trends and tendencies in the agricultural system by reviling the main trend tenancies during a nine year period long. Purpose: The main aim of the study is to investigate the evolution of input price indices of agricultural products in order to underline the specific patterns, trends and implications of the agricultural policies. In addition, the research pays a special attention to the investigation of the Romanian agricultural policy evolution on the most relevant time frame of economic conformity with the European agricultural model. The desc...

The Impact of the World Food Price Index on Some East-European Economies

Journal of Business Economics and Management, 2018

This paper deals with the dynamic response of exchange rates, inflation and agricultural foreign trade in Bulgaria, Poland and Romania to global food prices. We employ time-varying VARs with stochastic volatility to estimate the behaviour of these macroeconomic variables over the 2001M1–2015M12 period. The original contribution of this paper is that it captures the time variation and nonlinearities of the relationship between variables taking into account food price volatility and its macroeconomic implications. The main findings of the paper are: (i) high global food prices were transmitted to domestic economies causing pressure on inflation in the long run; (ii) in the short run the impact of a positive shock in international food price increases domestic inflation, depreci-ates the currency and reduces the agricultural trade; (iii) the vulnerabilities to global food prices are more pregnant for Romania and Bulgaria; (iv) the difference in the transmission of world prices is relat...

Volatality of Agricultural Prices – An Analysis of Major International and Domestic Markets

2003

The price volatility of agricultural commodities assumes critical importance in the context of the ongoing debate regarding agricultural trade liberalisation in India. The arguments against agricultural trade liberalisation are often based on the issue of larger volatility in international markets. In order to make informed judgements about this crucial aspect of agriculture, which has implications for the entire economy, it is essential to study the volatility patterns in international and domestic markets in a comparative framework. The present study by CSC Sekhar is an attempt in this direction. The study, using monthly price data, finds little evidence to show that the international agricultural prices are uniformly more variable than the domestic prices. The study shows that the intra-year variability is higher in domestic markets while the inter-year variability is higher in the international markets. The current bound rates ofduty are generally found adequate in this study ex...