The past three years for grain growers were rather favourable: the grain harvest was increasing by 10 percent every year and the grain self-sufficiency rate went up on average by 45 percentage points. The main reason, which caused the changes on the grain market, was the rapidly growing supply.
During the period 2006-2009 the average grain purchase prices have decreased similarly in Lithuania and other EU countries. During the analyzed period the grain prices were unstable - they were constantly increasing from the second half year of 2006 to April of 2008 and later they began decreasing. Although an almost perfect competition was dominating on the grain markets in Lithuania and other EU countries - there were plenty of sellers and buyers and individual seller or buyer didn‘t have any influence on the market prices and only the normal forces of demand and supply should have caused the prices but the latter were not able to react to the price changes and to influence them because both the demand and supply of the above-mentioned products were inelastic. Furthermore, the grain prices had a decreasing tendency in comparison with the prices of production material purchased by farmers because the demand for grain was going up rather slowly and the supply was increasing considerably fast.
Keyword(s): grain, price, demand, supply.
Vidmantas Bradūnas. Grūdų kainų kitimo tendencijos Lietuvoje 2006-2009 metais // Vadybos mokslas ir studijos - kaimo verslų ir jų infrastruktūros plėtrai = Management theory and studies for rural business and infrastructure development / Research papers, 2010. nr. 22(3), p. 25-32., ISSN 1822-6760. (EBSCO, Business Source Complete, Central & Eastern European Academic Source).
Publication: The tendencies of grain price changes in Lithuania in 2006-2009 (In Lithuanian language)