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Influence of External Factors on the Domestic Price of Agri-Food Products

by | Jun 10, 2022 | DOI 2021 Conference Proceedings

Volodymyr Olefir – Institute for Economics and Forecasting, NAS of Ukraine, Panasa Myrnogo, 26, Kyiv, 01011, Ukraine

DOI: https://doi.org/10.31410/ITEMA.2021.161

 

5th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2021, Online/virtual, October 21, 2021, CONFERENCE PROCEEDINGS published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-51-6, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2021

 

Abstract

The aim of the study was to identify the influence of external fac­tors on the price dynamics of the domestic market of agri-food products. A separate task was to evaluate the effectiveness of the policy of maintaining price stability and to develop recommendations for its improvement. The influence of external factors (world price, net export, import price) on the domestic price of agri-food products is studied. The analysis covers the peri­od 2003-2021. The influence of external factors on the domestic price of agri-food products in the conditions of the global financial crisis of 2007-2009 and the COVID-19 pandemic is investigated and compared. The effective­ness of measures to stabilize domestic prices in the context of the COVID-19 pandemic is considered. Proposals for maintaining the price stability in the domestic market of agri-food products have been developed.

Keywords

Globalization; Price stability; COVID-19 pandemic; Regulatory policy; World price; Net export; Ukraine

​References

IndexMundi. Commodity Prices (2021). Available from https://www.indexmundi.com/ com­modities/

National Bank of Ukraine. The official exchange rate of hryvnia to foreign currencies (2021). Available from https://bank.gov.ua/ua/markets/exchangerate-chart

State statistics service of Ukraine (2021). Available from http://www.ukrstat.gov.ua/

United Nations. The United Nations commodity trade statistics database (2021). Available from https://comtrade.un.org/data/

 

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