Trends and outlook for Romanian agricultural markets for wheat, sunflowers and sugar beet

Food systems are undergoing a number of significant transformations in response to technological, economic, social and environmental changes. Transformations related to increased productivity, specialisation of farming systems, optimisation of resources, automation of farming operations, changes in supply chains, changes in consumer preferences, the impact of climate change on agri-food systems, etc. all influence the production, demand, prices and marketing of agricultural products. The adaptation of supply to market stimuli takes place in several stages. In the very short term, when market demand increases, supply remains rigid. In the medium term, supply increases, but rather slowly, as more variable factors (raw materials, longer working hours, etc.) are added, while fixed factors remain unchanged. (Alexandri, C., Davidescu I., Gavrilescu D., 2004) At the global level, agricultural markets are influenced by numerous trends and factors related to climate change, population growth, technological innovation and trade policy. From this point of view, there was a need for a study on the trends and prospects of the agricultural markets for wheat, sunflower and sugar beet in Romania.