INSTITUTIONAL SUPPORT FOR THE FUNCTIONING OF UKRAINIAN MARKETS FOR GRAIN AND BREAD PRODUCTS

Abstract

Topicality. Ukrainian markets for grain and grain products are strategic markets of the state, ensuring its food and economic security. Today, the production and export potential of these markets remains unrealized. Transformation of the institutional environment, reform of the old and creation of new institutions are designed to ensure the reproductive development of the markets of grain and bread products of Ukraine. At the same time, in practice, institutional �traps� arise as a result of the impact of local institutional changes on the functioning of individual market units, which highlights the need for new research on their institutional basis. Aim and tasks. The purpose of the article is to substantiate the institutional basis of the functioning of the market of grain and bread products of Ukraine on the basis of the reproduction approach. During the research the following methods were used: monographic, dialectical, theoretical generalization and comparison, statistical analysis, structural-logical method. Research results. The article identifies the components of the institutional basis for the functioning of commodity markets, analyzes the main provisions of strategic and regulatory documents in the context of the reproduction development of markets for grain and grain products of Ukraine. Features of institutional support of markets are studied in three main areas � price, technical and customs regulation. The institutional problems of integration of domestic markets into global value chains are identified. A set of proposals for institutional support of effective integration of Ukrainian markets of grain and bread products into international value chains has been developed, which are purposefully focused on solving the main problems of such integration and increasing market value added. Conclusions. The applied value of the obtained results is determined by the possibility of their use by state and profile institutions in the development of institutional mechanisms for regulating the reproduction development of domestic markets for grain and bread products. Assessing the impact of informal institutions, as well as international institutions on the reproduction development the markets for grain and bread products forms the prospects for further research.