Position and perspectives of development of the food-processing sector in Montenegro.
M. Jovanović, Aleksandra R. Despotović, Miljan Joksimović
Abstract
M. Jovanović, Aleksandra R. Despotović, Miljan Joksimović
Abstract
One of the structural characteristics of Montenegrin food production is a higher share of primary agriculture in gross domestic product than of food-processing sector. According to the data obtained from MONSTAT for 2012, food sector registered share of 1.7% in GDP. Unfavourable structure of companies and insufficient level of technical equipment also have negative effects to competitiveness of food industry. It was noticed there are shortcomings in the food quality control system. The most relevant branches of food industry are: dairy and meat industry, fruit and vegetable processing and production of beverages, and milling-bakery industry, etc. The results of poll conducted for the needs of analyzing conditions of food industry in Montenegro, show that the main priorities of food industry, for the following period are contained in raising competitiveness in terms of offering high-quality food at adequate prices and acquiring status of raw material buyer from domestic agricultural producers.
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One of the structural characteristics of Montenegrin food production is a higher share of primary agriculture in gross domestic product than of food-processing sector. According to the data obtained from MONSTAT for 2012, food sector registered share of 1.7% in GDP. Unfavourable structure of companies and insufficient level of technical equipment also have negative effects to competitiveness of food industry. It was noticed there are shortcomings in the food quality control system. The most relevant branches of food industry are: dairy and meat industry, fruit and vegetable processing and production of beverages, and milling-bakery industry, etc. The results of poll conducted for the needs of analyzing conditions of food industry in Montenegro, show that the main priorities of food industry, for the following period are contained in raising competitiveness in terms of offering high-quality food at adequate prices and acquiring status of raw material buyer from domestic agricultural producers.
Key concepts: Montenegro, Position (finance), Food processing, Business, Political science, Geography, Regional science, Finance