Ways to increase profits from the export of Ukrainian corn on the world market

Denys Lialko

Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2021, vol. 28, issue 10

Abstract: Currently, there is a stable specialisation in the world grain market: production is concentrated in developed countries, and many developing countries are unable to solve their grain problems and are forced to go for large-scale imports. Ukraine is one of the key exporters to the foreign market of such grain crops as wheat, corn and barley, their production in the country significantly exceeds domestic consumption. The purpose of the study – perform a comprehensive analysis of the world corn market and determine the main areas of development of the domestic corn market. In the course of the study the following methods were used: abstract-logical – for developing conclusions; monographic – for detailing the functioning of the corn market; comparative analysis and dynamics series – for comparing indicators and identifying trends in their change over time; statistical – for analysing supply and demand in the corn market; graphical – for identifying and illustrating trends in the studied economic phenomena; economic and mathematical methods – for determining economic indicators that affect the supply and demand of corn. The author’s opinion on the modern process of development of foreign trade in corn grain in Ukraine is presented. The main problematic issues of a further increase in corn exports were identified and the areas of mutually beneficial cooperation in the future, which will provide economic benefits to Ukrainian producers, were substantiated. The areas of development of Ukrainian corn export and mutually beneficial cooperation in the agricultural sector of the economy were proposed. These areas of market development can be used by public authorities to improve production efficiency and maximise profits from trade

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2021
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