ANALYSIS OF ROMANIAN FARMERS TRADING BEHAVIOUR IN THE COMMODITIES EXCHANGE UNCERTAINTY CAUSED BY CLIMATE CHANGE, COVID-19 PANDEMIC AND EXTERNAL MARKET CHANGES
Starting with the summer of 2020, the farms inputs prices, especially for diesel, seeds, fertilizers and pesticides as well as of grains (cereals and oilseeds) started fluctuating excessively. This phenomenon caused great uncertainty in farmers economic activity, especially for the crop farms that a...
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| Format: | Article |
| Language: | English |
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University of Agricultural Sciences and Veterinary Medicine, Bucharest
2023-01-01
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| Series: | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| Online Access: | https://managementjournal.usamv.ro/pdf/vol.23_2/Art18.pdf |
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| author | Horia Nicolae CIOCAN Toma Adrian DINU Elena STOIAN Agatha POPESCU Reta CONDEI |
| author_facet | Horia Nicolae CIOCAN Toma Adrian DINU Elena STOIAN Agatha POPESCU Reta CONDEI |
| author_sort | Horia Nicolae CIOCAN |
| collection | DOAJ |
| description | Starting with the summer of 2020, the farms inputs prices, especially for diesel, seeds, fertilizers and pesticides as well as of grains (cereals and oilseeds) started fluctuating excessively. This phenomenon caused great uncertainty in farmers economic activity, especially for the crop farms that are bulk selling all their products to traders. The uncertainty was primarily caused by the overlap of several factors, some of which were more predictable and some of which took everyone by surprise and caused panic and volatility on the stock markets. The unfortunate events sequence began in early 2020, with the outbreak of the COVID-19 pandemic that caused disruptions in supply chains, import-export bans and lockdowns that reduced the consumption of agri-food products in the HORECA industry. For Romanian farmers, the disturbance created by the pandemic also overlapped with the severe drought that affected production levels in 2020 and 2022, as well as with the hostilities in the region which started at the end of February 2022, and led to the agricultural inputs excessive price increase and high volatility on the commodities exchange. In this sequence of unfortunate events, the farmers' decision regarding the stored grains volumes, inputs purchasing timing and grains selling timing, made a major difference for their business’ financial stability and profitability. |
| format | Article |
| id | doaj-art-a9e33eb8f37b47098826cb2a72c242f7 |
| institution | OA Journals |
| issn | 2284-7995 2285-3952 |
| language | English |
| publishDate | 2023-01-01 |
| publisher | University of Agricultural Sciences and Veterinary Medicine, Bucharest |
| record_format | Article |
| series | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| spelling | doaj-art-a9e33eb8f37b47098826cb2a72c242f72025-08-20T02:06:46ZengUniversity of Agricultural Sciences and Veterinary Medicine, BucharestScientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development2284-79952285-39522023-01-01232165180689ANALYSIS OF ROMANIAN FARMERS TRADING BEHAVIOUR IN THE COMMODITIES EXCHANGE UNCERTAINTY CAUSED BY CLIMATE CHANGE, COVID-19 PANDEMIC AND EXTERNAL MARKET CHANGESHoria Nicolae CIOCANToma Adrian DINUElena STOIANAgatha POPESCUReta CONDEIStarting with the summer of 2020, the farms inputs prices, especially for diesel, seeds, fertilizers and pesticides as well as of grains (cereals and oilseeds) started fluctuating excessively. This phenomenon caused great uncertainty in farmers economic activity, especially for the crop farms that are bulk selling all their products to traders. The uncertainty was primarily caused by the overlap of several factors, some of which were more predictable and some of which took everyone by surprise and caused panic and volatility on the stock markets. The unfortunate events sequence began in early 2020, with the outbreak of the COVID-19 pandemic that caused disruptions in supply chains, import-export bans and lockdowns that reduced the consumption of agri-food products in the HORECA industry. For Romanian farmers, the disturbance created by the pandemic also overlapped with the severe drought that affected production levels in 2020 and 2022, as well as with the hostilities in the region which started at the end of February 2022, and led to the agricultural inputs excessive price increase and high volatility on the commodities exchange. In this sequence of unfortunate events, the farmers' decision regarding the stored grains volumes, inputs purchasing timing and grains selling timing, made a major difference for their business’ financial stability and profitability.https://managementjournal.usamv.ro/pdf/vol.23_2/Art18.pdf |
| spellingShingle | Horia Nicolae CIOCAN Toma Adrian DINU Elena STOIAN Agatha POPESCU Reta CONDEI ANALYSIS OF ROMANIAN FARMERS TRADING BEHAVIOUR IN THE COMMODITIES EXCHANGE UNCERTAINTY CAUSED BY CLIMATE CHANGE, COVID-19 PANDEMIC AND EXTERNAL MARKET CHANGES Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| title | ANALYSIS OF ROMANIAN FARMERS TRADING BEHAVIOUR IN THE COMMODITIES EXCHANGE UNCERTAINTY CAUSED BY CLIMATE CHANGE, COVID-19 PANDEMIC AND EXTERNAL MARKET CHANGES |
| title_full | ANALYSIS OF ROMANIAN FARMERS TRADING BEHAVIOUR IN THE COMMODITIES EXCHANGE UNCERTAINTY CAUSED BY CLIMATE CHANGE, COVID-19 PANDEMIC AND EXTERNAL MARKET CHANGES |
| title_fullStr | ANALYSIS OF ROMANIAN FARMERS TRADING BEHAVIOUR IN THE COMMODITIES EXCHANGE UNCERTAINTY CAUSED BY CLIMATE CHANGE, COVID-19 PANDEMIC AND EXTERNAL MARKET CHANGES |
| title_full_unstemmed | ANALYSIS OF ROMANIAN FARMERS TRADING BEHAVIOUR IN THE COMMODITIES EXCHANGE UNCERTAINTY CAUSED BY CLIMATE CHANGE, COVID-19 PANDEMIC AND EXTERNAL MARKET CHANGES |
| title_short | ANALYSIS OF ROMANIAN FARMERS TRADING BEHAVIOUR IN THE COMMODITIES EXCHANGE UNCERTAINTY CAUSED BY CLIMATE CHANGE, COVID-19 PANDEMIC AND EXTERNAL MARKET CHANGES |
| title_sort | analysis of romanian farmers trading behaviour in the commodities exchange uncertainty caused by climate change covid 19 pandemic and external market changes |
| url | https://managementjournal.usamv.ro/pdf/vol.23_2/Art18.pdf |
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