Price Interdependence of Agricultural Commodities from Ukraine and World Markets

• Autorzy: Olga Bodnar , Julia Galchynska , Mariusz Maciejczak

Warianty tytułu

Współzależności cenowe towarów rolnych z Ukrainy i rynku światowego

• Języki publikacji: EN

Abstrakty

EN

The objective of the paper is to present the price interdependencies between agricultural commodity products from Ukraine (both export and non-export oriented) and other commodities whose prices are shaped on world markets, with a special focus on the role of their volatility. The research demonstrates a tight connection between the global prices of crude oil and prices of Ukrainian corn and wheat. Additionally, the volatility of world prices of agricultural commodities influenced the Ukrainian national market and had significant impact on domestic price declines. At the same time, the mechanisms for pricing non-export related agricultural commodities are formed mostly under the influence of factors from the domestic market. It is argued that a low interdependency between non-export oriented agricultural commodities and world markets stipulates the social stability of Ukraine's population. (original abstract)

Celem artykułu jest przedstawienie zależności cenowych towarów rolnych z Ukrainy (zarówno eksportowanych, jak i nieeksportowanych) od innych towarów, których ceny kształtują się na rynkach światowych, ze szczególnym uwzględnieniem roli ich zmienności. Badania wskazują na istnienie związku między światowymi cenami ropy naftowej a cenami ukraińskiej kukurydzy i pszenicy. Dodatkowo kształtująca rynek krajowy zmienność światowych cen surowców rolnych miała istotny wpływ na spadki cen na Ukrainie. Mechanizm cen towarów rolnych niezwiązanych z eksportem kształtuje się głównie pod wpływem czynników rynku krajowego. W związku z tym mała współzależność cen nieeksportowych towarów rolnych i cen na rynku światowym warunkuje stabilność społeczną na Ukrainie. (abstrakt oryginalny)

Słowa kluczowe

EN

Financialization; Agricultural products; Agricultural prices

PL

Finansjeryzacja; Produkty rolne; Ceny produktów rolnych

• Czasopismo: Acta Scientiarum Polonorum. Oeconomia
• Rocznik: 19 (2020)
• Numer: nr 4
• Strony: 15--22

Twórcy

autor

Olga Bodnar

• Institute of Agrarian Economics - National Research Center, Ukraine

autor

Julia Galchynska

• National University of Life and Environmental Sciences of Ukraine

autor

Mariusz Maciejczak

• Warsaw University of Life Sciences - SGGW, Poland

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Identyfikatory

DOI

10.22630/ASPE.2020.19.4.36