Economic analysis of wheat production and applied marketing management

Abstract

Wheat is, in quantity, the third largest crop produced in the world and therefore contributes greatly to the world economy both globally and in Serbia and Bosnia and Herzegovina-B & H. With wheat, worldwide it is sowing about 2.20 million ha annually and in Republic of Serbia wheat cultivated in 588.820 ha. The present trial was carried out to study the growth rates of yield, production and market of wheat in B & H. During the period 2010-2016, wheat was sown of Bosnia and Herzegovina on 63606.30 ha. There is trend in increasing of areas under wheat with a rate of 0.99% per year and, it varies. Average yield of wheat during the monitored period was 3.58 t ha-1. Average export of wheat in the tested period was 41750 t and had a tendency to increase with a rate of 25.67% and variation (CV = 104.41%) while average import of wheat was 398750 t and had a tendency to increase with a rate of 0.82% and variation (CV = 10.37%). The highest import was achieved in 2016 (398750 t) and the lowest in 2013. External trade of agro-industrial products and trade liberalization implies the necessity of raising the technological level of production, productivity, efficiency and application of marketing management.