GRAIN MARKET: PROBLEMS, OPPORTUNITIES AND PRIORITIES OF DEVELOPMENT

Abstract

The research conducted in the article allowed to identify problems, explore strengths and weaknesses, consider threats and alternative opportunities and identify priority areas for development of the grain market of Ukraine. In particular, it is noted that the grain market is a complex economic system, which is significantly influenced by climatic factors, demand, supply, pricing, government regulation, efficiency of institutions, the existence of appropriate infrastructure, the intensity of competition of economic entities and more. At the macro level, the efficiency of the grain market is influenced by the following key factors: environmental (climate change); demographic (population growth); energy (growing cereals for biofuels); attractiveness of the grain market for TNCs and transnational grain traders; underdeveloped infrastructure of the grain market; lack of effective instruments of state regulation of supply and demand in the grain market; low level of credit security (high level of interest rates); imperfection of insurance protection; low efficiency of budget support for agricultural producers. Priority areas for the development of the grain market are: improvement of the regulatory framework for the functioning of the grain market; improvement of protection measures for grain market entities; optimization of land tenure and land use; introduction of effective insurance protection; modernization of material and technical base of business entities; creation of an information portal based on e-logistics and digitalization (monitoring, forecasting); development of the export potential of the grain market; ensuring equal economic conditions for all subjects of the grain market; improving state support; promotion of agrarian integration and cooperation; raising the competence level of managers and managers of business entities; diversification of grain use; introduction of new credit and investment collateral instruments; development of grain market infrastructure; introduction of e-logistics.