ROLE OF THE RUSSIAN FEDERATION ON THE WORLD GRAIN MARKET

Author(s): Fedorova Victoria Igorevna, Kuzmenko Svetlana Sergeevna

Rubric: Economy

DOI: 10.21777/2587-554X-2018-3-16-21

Release: 2018-3 (26)

Pages: 16-21

Keywords: market, grain, Russian Federation, balance, wheat, production, consumption, export

Annotation: The grain market is an important element of the general market of the Russian Federation. Its development affects not only the nature of the reproductive process of the national economy, but also the macroeconomic indicators. The grain market depends on the climatic conditions of the region and the country as a whole. Since it is a strategically important segment of the economy, the political climate in the state depends on its yield. The aim of the work is to analyze the world grain market, as well as to study the role of the Russian Federation on it. In the course of the research, methods of empirical research were used. In particular, a comparison was made between the main indicators of the world market and the place of the Russian Federation on it. Thanks to the application of theoretical research methods, analysis and synthesis, the main features of the grain market were identified and characterized. Also, the main factors influencing the development of the world grain market were revealed. According to the results of the study, it can be concluded that over the past 3 years, despite the crisis trends, the Russian Federation has strengthened its positions and has taken a leading position in the production and export of grain crops. Over the past 10 years, the dynamics of changes in the volume of grain production in the world and in Russia completely coincide. Thus, the diversity of natural conditions in Russia neutralizes the impact of local factors affecting yields. The main factors and patterns that determine the productivity in the world will also act for the Russian Federation.

Bibliography: Fedorova VI.IG., Kuzmenko SV.SE. ROLE OF THE RUSSIAN FEDERATION ON THE WORLD GRAIN MARKET // Economics and Management. – 2018. – № 3 (26). – С. 16-21. doi: 10.21777/2587-554X-2018-3-16-21