A Production and Economic Analysis of Sunflower: Current Situation in Serbia and Bulgaria

Kljajić, Nataša and Radović, Gordana and Valkova, Daniela (2025) A Production and Economic Analysis of Sunflower: Current Situation in Serbia and Bulgaria. Scientific Papers Series "Management, Economic Engineering in Agriculture and Rural Development", 25 (3). pp. 545-554. ISSN 2284-7995

Text Kljajić, Radović, Valkova - Management, Economic Engineering in Agriculture and Rural Development 25(3) 2025.pdf - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (867kB)

Abstract

The aim of this research is an economic and financial analysis of sunflower production in Serbia and Bulgaria. The authors analyse the cultivated areas, production value, and yield of sunflower in both countries during the period from 2014 to 2023. The analysis also includes producer prices and the role of sunflower in foreign trade exchange in Bulgaria and Serbia during the same period. The applied methods involve descriptive statistics, analysis and synthesis, desk-research, and the comparative research method. The research is based on the fact that both countries have very similar climatic and geographical characteristics, water resources, as well as access to high-quality hybrids and other necessary agrotechnical measures for sunflower production. The difference lies in the financial support for production, given that Bulgaria is entitled to incentives from the EU budget, while Serbia does not have the right to use this financial support. The authors conclude that, despite the similarities and differences between the two countries, successful and profitable sunflower production can be achieved by combining several measures to improve production, as stated in the paper. These measures can help improve the efficiency and yield of sunflower, while minimizing risks and optimizing resources.

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