2022
DOI: 10.5937/ekopolj2203911k
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Organic production of lavender in Serbia: Economic and financial analysis

Abstract: The main aim of this study is to access possibilities of organic production of lavender in Serbia. As a result that 1999 and 2020 have been dubbed the "Year of Lavender" in the US, researchers and practitioners focused various aspects lavender production and cultivation. Lavender is an aromatic-medicinal plant, cultivated in Mediterranean region. The plants have used twofold: as an essential oil as well as a flower. In this study, the authors use a comparative analysis and feasibility study as research methods… Show more

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Cited by 3 publications
(1 citation statement)
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“…According to a comparative, financial, and economic study of lavender production in the world (mainly in Bulgaria, France, China, Ukraine, Spain, and Morocco) reported by Giray [14] and Kontic et al [17], there is a high possibility of production of lavender in other countries (even in Serbia) when profitability is concerned, due to the low production costs and high profit rate, especially by small farmers. However, their focus should be on the quality of the essential oil, since the quality is their main advantage when it comes to competitiveness in the world market trade [14].…”
Section: Compoundmentioning
confidence: 99%
“…According to a comparative, financial, and economic study of lavender production in the world (mainly in Bulgaria, France, China, Ukraine, Spain, and Morocco) reported by Giray [14] and Kontic et al [17], there is a high possibility of production of lavender in other countries (even in Serbia) when profitability is concerned, due to the low production costs and high profit rate, especially by small farmers. However, their focus should be on the quality of the essential oil, since the quality is their main advantage when it comes to competitiveness in the world market trade [14].…”
Section: Compoundmentioning
confidence: 99%