Forecasting of production-economic characteristics of soybean in Serbia

Nedeljković, Miroslav and Jeločnik, Marko and Subić, Jonel (2023) Forecasting of production-economic characteristics of soybean in Serbia. In: Инновационные аспекты развития сервиса и туризма: XI Международной научно-практической конференции. Ставропольский государственный аграрный университет факультет социально-культурного сервиса и туризма, СЕКВОЙЯ, pp. 47-55. ISBN Ставропольский государственный аграрный университет факультет социально-культурного сервиса и туризма

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Abstract

By the use of quantitative methods, in paper are examined the trends in production and the value of economic indicators linked to soybean in Serbia for the period 2006-2022. Gained results show that in the upcoming period (2025) soybean production could be expected at the level of 660,562 tons, or on the area of 250,791 ha, while the expected yield will be 2.72 t/ha. Besides, the results show a surplus in foreign trade exchange of 46,380 tons, as well as the further growth in import and export of this oilseed crop, which is expected to reach the level of 35,243 tons, or 182,680 tons. In addition, the consumption of soybean at national level shows increase tendency, so in the last year of the forecast period it could be expected a consumed volume of around 542,097 tons. Generally, obtained results assure that the food security with soybean in Serbia could be reached.

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