Production and Price Development of Agricultural Commodities: Wheat, Corn and Sunflower Seeds in 2022

Lana SOLDO - Christopher SCHAGERL

https://doi.org/10.53465/EDAMBA.2022.9788022550420.355-368

 

Abstract: Agricultural commodities prices skyrocketed during the first quarter of 2022, mainly driven by the escalation of the situation between the Russian Federation and Ukraine, but also by extreme climate conditions in certain geographies and protectionist measures introduced by governments to protect domestic supplies.

Within this paper the authors would like to provide an overview of the biggest producers and exporters of the selected agricultural commodities, being wheat, corn, and sunflower seeds and oil, and their price development in 2022. For all of them, the two conflicting countries, the Russian Federation and Ukraine, play an important role in world production and export.

The production and export volumes should be analyzed along with the price developments in the first months of 2022. As the products are traded on the commodity market the comparison is based on the traded prices.

Keywords: agriculture, export, wheat

JEL classification: F10, Q17, E31

Fulltext: PDF

Online publication date: 3 March 2023

ISBN: 978-80-225-5042-0

Publisher: University of Economics in Bratislava

Pages: 355-368

 

To cite this proceedings paper (STN ISO 690 and 690-2):

SOLDO, L., SCHAGERL, Ch. 2023. Production and price development of agricultural commodities: wheat, corn and sunflower seeds in 2022. In LÜLEYOVÁ, A. (ed.). EDAMBA 2022: Conference Proceedings. Bratislava: University of Economics in Bratislava, 2023. ISBN 978-80-225-5042-0, pp. 355-368. https://doi.org/10.53465/EDAMBA.2022.9788022550420.355-368