GRAIN MARKET OBSTACLES WITHIN THE BLACK SEA REGION

Abstract

The Black Sea region is a major producer and exporter of wheat, in addition to being an extremely significant hub for international trade with agricultural goods. In this respect the region's influence on the global grain market is steadily increasing. Ukraine is one of the largest producers of grain commodities not only in the Black Sea region, but also in the world. Тhe physical supply of goods, the disrupted logistics structure, the food security of the population, the damaged port infrastructure, as well as the long-term prospects are only few of the challenges, which are facing the grain market in the conditions of a military invasion. The impact of the conflict within the region is having a lasting influence on global grain trade due to the disrupted international food supply chain. The purpose of the publication is to present key aspects of the impact of the grain market in the Black Sea region on the world economy with an emphasis on the challenges arising from the interaction between the participating countries, including Russia and Ukraine. The subject of the research are the trends and challenges facing the grain market in the Black Sea region. The subject of the publication is the Black Sea region with a focus on Ukraine