International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1809
Status : Paper published
Language : English
Topic : Sectoral Analyses
Presenter: Ph.D. candidate András Bence Szerb
Session : 3A Tourism
The Situation of the Hungarian Wheat from the Grain Trading Point of View in 2016
The Situation of the Hungarian Wheat from the Grain Trading Point of View in 2016
- Ph.D. candidate András Bence Szerb (Kaposvár University, Hungary)
- Dr. Ferenc Csima (Kaposvár University, Hungary)
Abstract
Hungary is traditionally an agricultural country and the agricultural sector is still a dominant one in the economy but its importance is weakening nowadays. The agriculture is export oriented, which helps to improve the performance of the national foreign trade balance of the country. On a global scale wheat is one of the most important grain products both globally and in Hungary as well. During the past years wheat has had the second biggest volume after corn on the local market. In this paper the authors examine the situation of the wheat according to data bases of different institutions both on the Hungarian and the international markets. On the global agricultural market, the grain sector plays a decisive role since it produces the necessary basic food for humanity. During the last decades the sector has needed to face higher demands for grain products on the agricultural markets which trend may probably continue in the near future as well. The volume increase of the products has affected the agribusiness markets also. Such a small and export oriented country like Hungary should follow the global and EU trends on the agricultural market to keep its competitiveness.
JEL codes: O13, A32, P45
Szerb, András Bence, Csima, Ferenc (2016). "The Situation of the Hungarian Wheat from the Grain Trading Point of View in 2016" in Proceedings of International Conference of Eurasian Economies 2016, pp.82-86, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01809
