Natalia DASHCHENKO (daschenko0007@gmail.com)
Candidate of economic sciences
Associate professor of the Department of Economic
National University «Odesa polytechnic», Odessa Ukraine
Sergey BOLSHAKOV PhD
Odessa Research Institute of Forensic Examination and Evaluation
Abstract
This article summarizes the crisis in the grain market, which can be interpreted as a time for structural and qualitative transformations. It is time to change the role of the stock market from serving businesses to becoming the main bastion of the market economy. Ukraine needs to establish its own national stock market, which will become a genuine pricing center not only for Ukraine but also for all countries around the Black Sea. During the war, disruptions in export logistics for the supply of agricultural products occurred in the domestic market, and the operation of Ukrainian seaports was halted. The restoration of the Black Sea Grain Agreement will reduce the risk of further instability in the food market. The question of forming the grain market under current conditions is crucial for the country. Even before the onset of the war, Ukraine was among the top countries in terms of grain supply volumes to the global market. This brought additional foreign currency earnings, more job opportunities, and infrastructure development for exports. Ukraine is highly dependent on pricing in international stock markets. However, the country cannot fully utilize global stock market quotations, and no steps have been taken to develop its own stock exchange institution. Currently, there is no incentive to encourage market participants to trade on a transparent and modern stock exchange platform. It is necessary to establish a national stock market and motivate people to engage in transparent and profitable transactions.
Keywords: grain market, transfer pricing, global stock market quotations, market price level, price basis
JEL Classification: JEL F14, F19, F9
