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Studies in Agricultural Economics >
Issue 112, July 2010 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/93120
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| Title: | Using the market opportunities in the food economy’s foreign trade – measurement of success based on the potential balance |
| Authors: | Wagner, Hartmut |
| Authors (Email): | Wagner, Hartmut (wagner.hartmut@aki.gov.hu) |
| Keywords: | crisis
food products
foreign trade
price explosion
cereals |
| Issue Date: | 2010-07 |
| Abstract: | This work was aimed at analysing the effects of the sudden food price explosion followed by price
crash which occurred recently on the foreign trade of the food economy. Comparison of the balances of the
different countries was difficult due to the differences in the absolute dimensions; therefore a new method was
introduced. Firstly, with the help of the “food economic foreign trade profile” extent to which the different
product categories (divided by main product groups or by degree of processing) contribute to the foreign
trade balance of the given country’s food economy was examined. In the second step, with the help of “profile
indexing”, the extent to which the country in question was able to turn to profit the market opportunities offered
by the price boom was demonstrated numerically. It can be stated that the foreign trade of the Hungarian food
economy is amongst the winners of the price explosion. The balance improved remarkably between the two
periods because exports of cereals and oilseeds increased greatly due to the increasing market prices during
2007 and 2008. As regards the performance of the other sectors, Hungary can be however ranked among the
losers as a consequence of the decreasing international competitiveness of the production. The assessment has
also demonstrated that some of Hungary’s direct competitors (e.g. the Netherlands and Germany) were able to
make better use of the opportunities. |
| URI: | http://purl.umn.edu/93120 |
| Identifiers: | HU ISSN 1418 2106 |
| Institution/Association: | Studies in Agricultural Economics>Issue 112, July 2010 |
| Total Pages: | 15 |
| From Page: | 23 |
| To Page: | 36 |
| Collections: | Issue 112, July 2010
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