Current state and features of the functioning of the grain market in Ukraine: challenges and prospects of development

Dancheva Еlena
Lecturer Department of Organizational Management, Odesa National Economic University, Odesa, Ukraine, E-mail: dancheva@ukr.net, ORCID: https://orcid.org/0000-0003-4125-6718

Akinfieva Anastasia
graduate of the first (bachelor) level of higher education, faculty of management, accounting and information technologies, Odesa National Economic University, Odesa, Ukraine, E-mail: anastasiaakinfieva733@gmail.com

Received: 10.06.2025    Аpproved: 21.06.2025    Рublished online: 25.07.2025

Cite this article:

Dancheva Е., Akinfieva A. (2025) Current state and features of the functioning of the grain market in Ukraine: challenges and prospects of development. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Suchasnyj stan ta osoblyvosti funkcionuvannja rynku zerna v Ukraini: vyklyky ta perspektyvy rozvytku.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odesa National Economic University (ISSN 2313-4569), Odesa National Economics University, Odesa, No. 6 (331), pp. 67-74.

Abstract

The article examines the strategic guidelines for the development of the Ukrainian grain market in the context of current socio-economic challenges. The purpose of the study is to analyze the current state of the grain market, identify the main risks of its functioning and formulate prospects for the development of the industry. The methodological basis of the study is a systematic approach, structural and functional analysis, comparative analysis of statistical data, and methods of logical generalization. The market structure, main participants, pricing mechanisms and the impact of infrastructure factors are analyzed. Particular attention is paid to trends in the production, processing and sale of grain crops. The key risks that hinder the development of the market are identified and strategic directions for improving the competitiveness of the industry are outlined. The study also takes into account the impact of the foreign policy situation, military actions, logistical constraints, and changes in global trade chains. The role of state regulation, in particular export policy, customs procedures and mechanisms to support farmers, is also considered. It is shown that in order to ensure the sustainable development of the grain sector, it is necessary to modernize the infrastructure, introduce innovative technologies and strengthen the position of Ukrainian grain on international markets. The author proposes a set of strategic measures aimed at improving production efficiency, diversifying export destinations, expanding the processing base and forming a transparent model of interaction between market participants. Particular attention is paid to the issue of food security, since the stable functioning of the grain market is a key factor in meeting the country's domestic needs. The importance of attracting investments, international cooperation and adaptation to the conditions of European integration as drivers of the agricultural sector development is emphasized.

Keywords

grain market of Ukraine, strategic development, agriculture, grain production, export, infrastructure, risk management, innovation, food security.

JEL classification: Q130; Q170; O130; P320;DOI: https://doi.org/10.32680/2409-9260-2025-6-331-67-74

UD classification: 338.234:617

References

1. Haida, Yu. I., & Shainyuk, B. L. (2023). Grain market in retrospect and prospect: global analysis. Innovation and Sustainability, (4), 30–40. [In Ukrainian]. https://doi.org/10.31649/ins.2023.4.30.40
2. Lyshenko, M. O. (2019). Features of market behavior of commodity-producing enterprises in the grain market. In Modernization of the economy: current realities, forecast scenarios and development prospects: proceedings of the international scientific-practical conference, Kherson, April 25–26, 2019 (p. 686). Kherson: Vyshemyrskyi V. S. Publishing. [In Ukrainian].
3. Voloshchuk, Yu. O., & Shedlovska, O. V. (2024). Strategic guidelines for the development of the grain market. Podilskyi Visnyk: Agriculture, Engineering, Economics, (42), 74–81. https://doi.org/10.37406/2706-9052-2024-1.11 (accessed 27 April 2025). [In Ukrainian].
4. Weekly trend in the grain and oilseeds market. Ukrainian Universal Exchange. Retrieved from https://www.uub.com.ua/presscenter/novyny-birzhi/tyzhnevyj-trend-na-rynku-zernovyh-ta-olijnyh-kultur-518/ (accessed 27 April 2025). [In Ukrainian].
5. Vitalii Koval: The price of a ton of exported Ukrainian agricultural products increased 1.4 times. Ministry of Agrarian Policy and Food of Ukraine. Retrieved from https://minagro.gov.ua/news/vitalii-koval-tsina-tonny-eksportu-ukrainskoi-ahrarnoi-produktsii-zrosla-v-14-razy (accessed 27 April 2025). [In Ukrainian].
6. Ukrainian farmers have sown more than 1.7 million hectares of spring crops. Agravery.com – Agrarian Information Agency. Retrieved from https://agravery.com/uk/posts/show/ukrainski-agrarii-zasiali-ponad-17-mln-ga-arih-kultur (accessed 27 April 2025). [In Ukrainian].
7. USDA forecasts that this year's wheat harvest in Ukraine will be the lowest in 13 years. Latifundist.com – Agribusiness Portal. Retrieved from https://latifundist.com/novosti/67226-v-usda-prognozuyut-shcho-tsogorichnij-vrozhaj-pshenitsi-v-ukrayini-bude-najmenshim-za-13-rokiv (accessed 27 April 2025). [In Ukrainian].
8. FAO. (2025). Crop Prospects and Food Situation – Triannual Global Report, No. 1, March 2025. Rome. https://doi.org/10.4060/cd4597en (accessed 27 April 2025).
9. Ukraine: agrometeorological conditions of the first ten days of April 2025 – Ukrhydrometeocenter. APK-Inform Information and Analytical Agency. Retrieved from https://www.apk-inform.com/uk/meteocond/1547535 (accessed 27 April 2025). [In Ukrainian].
10. Outlook for Ukrainian agricultural market. (2025). Association “Ukrainian Agribusiness Club” (UCAB). Retrieved from https://ucab.ua/files/2024/2025%20Outlook.pdf (accessed 27 April 2025).