Grain pricing in Ukraine: A case study of malted barley
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Дата
2021
Автори
Dykha, M.V.
Kuzinа, V.
Serdyukov, K.
Назва журналу
Номер ISSN
Назва тому
Видавець
LLC “Consulting Publishing Company “Business Perspectives”
Анотація
The agrarian market participants operate in a changing market environment. Their
activities are characterized by a high level of risk, in particular, price risk, which determines
the likelihood of failure in achieving the planned results. The purpose of the paper
is to analyze the dynamics of prices for malted barley and determine the main factors
influencing the price of malted barley in the agricultural market of Ukraine. The
theoretical and methodological basis of the study is the scientific works of domestic
and foreign authors on the problems of pricing management. Methods of data analysis,
synthesis, and generalization of results are used. As a result, one can notice a high
level of price fluctuations, significant price fluctuations during the year, absence of a
uniform inversely proportional effect between the volume of barley production and its
purchasing prices, and presence of disparity between the selling price of barley and the
production costs of grain producers. The key factors that determine the price of malted
barley include market saturation, grain quality, production expenditures, conditions
on the market of barley fodder, contractual relations (which are sufficiently standardized
but do not protect agricultural producers from risks), public policy through regulation
market. The study outlined recommendations regarding the need to improve the
legal regulation of relations and the development of a system to ensure the functioning
of the grain market, effective cost management, introduction of innovative agrotechnologies,
and financial hedging instruments.
Опис
Ключові слова
agricultural production, malting barley, price, pricing, market, government regulation, contractual relations
Бібліографічний опис
Dykha Mariia V., Kuzinа Viktoriia and Serdyukov Kostyantyn (2021). Grain pricing in Ukraine: A case study of malted barley. Innovative Marketing, 17(4), 26-36. URL: http://dx.doi.org/10.21511/im.17(4).2021.03