Organization of future exchange trade in agricultural products in Ukraine

Abstract

In this article was found that the Ukrainian stock market did not take the right place as required by the market economy. It was created without a clear legal framework, weak understanding and uncertain behavior of the state in relation to exchange activities, as well as the absence of a state regulator that would coordinate, supervise and organize the work of commodity exchanges. It should be noted that the increase in sales of agricultural products on commodity exchanges in recent years has been largely achieved through the registration of export contracts on accredited exchanges, which had no practical impact on the pricing process and stabilization of the agricultural market. Proven low activity of participants in the use of forward contracts in exchange trade leads to restraint of the development of exchange trade in commodity derivatives for agricultural products. The main directions of development of the exchange agricultural market, which should be: stabilization of the political and economic environment in the country; improvement of the mechanism of regulation of the domestic exchange agricultural market; creation of favorable organizational and legal conditions for attracting foreign speculative capital; increasing the financial stability of agricultural market participants; availability of an effective exchange infrastructure of commodity markets; providing access to the electronic information field; development of requirements for licensing of professional participants of the exchange commodity market; creation of the necessary level of material and technological support of domestic commodity exchanges. The process of implementation of the latter should take place in stages and requires the creation of the above organizational and economic conditions. Theoretical and methodical bases of formation of organizational and economic model of effective functioning of the commodity exchange market of Ukraine aimed at effective regulation of the wholesale market of agricultural products, as a whole, and creation of system of self-regulation of such market which will provide activation of turnover of products and money at exchange auctions economic conditions of the shadow market, will contribute to the necessary increase in efficiency of production and sale of products on the stock market, staff elimination of the agricultural sector and the creation of a system of effective state regulation of market prices for agricultural products, food and consumed by the agricultural sector material and technical resources circulating in the wholesale market and the formation of market infrastructure for effective management of reproduction and sale of marketable products.

Keywords

• futures; futures trading; agricultural products; world market; grain; stock market