Trade relations of Ukraine on the cereal crops market under conditions of COVID-19 pandemic

Abstract

COVID-19 pandemic that broke out in the beginning of 2020 introduced implications in the course of global trade relations. Countries of the world have applied temporary measures for regulation their foreign economic activity in various sectors, and, first of all, in the fields of food and medical supplies. Cereal crops play an important role in ensuring national food security, while being one of the main foods for consumption, as well as an important component of the country's economic growth, since they are a key commodity group in the foreign economic activity of Ukraine. The article discusses the impact of the newly formed pandemic implications on the cereal crops trade balance of Ukraine. Based on the calculation of food balance sheets, self-sufficiency and import dependency ratios of Ukraine for selected cereals were identified with further formulation of recommendations to increase the level of self-sufficiency for rice in Ukraine.