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Can Ukraine’s wheat market provide success to its farmers in the current economic and financial environment?

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dc.contributor.author Jankovic, Edward M.
dc.date.accessioned 2019-04-20T18:01:17Z
dc.date.available 2019-04-20T18:01:17Z
dc.date.issued 2019-03-29
dc.identifier.uri https://scholarworks.bridgeport.edu/xmlui/handle/123456789/4104
dc.description.abstract Beginning with the economic aspects of the futures markets like storage and transportation, an investigation into trade costs, operational efficiencies (Federico 2011), and political hurdles to integration is explored. Price convergence illustrates market integration (O’Rourke and Williamson 2004) but trade must be allowed to occur on an equal financial footing for that to happen. Transportation infrastructure and the political climate are considered, but the currency crisis is now the apparent main obstacle to increasing revenues to Ukraine, despite the country being the sixth largest exporter of wheat in the world. The hryvnia lost nearly 70% of its value against the dollar from 2014 to 2015 and has been generally flat since. This makes international sales attractive but puts plans for growth in doubt. GDP growth is one consideration for domestic demand, and that has stalled in the recent two years. With a devalued currency domestically, farmers can no longer access cheap credit, and costs to run their operations are increasing. Resources outside the country have risen due to this currency play, and plantings may decline further at the start of the next growing season. en_US
dc.language.iso en_US en_US
dc.subject Wheat markets en_US
dc.subject Currency devaluation en_US
dc.subject Ukraine en_US
dc.subject Trade en_US
dc.subject Commerce en_US
dc.subject Foreign exchange en_US
dc.title Can Ukraine’s wheat market provide success to its farmers in the current economic and financial environment? en_US
dc.type Other en_US
dc.institute.department School of Business en_US
dc.institute.name University of Bridgeport en_US
dc.event.location Bridgeport, CT en_US
dc.event.name Faculty Research Day en_US


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