Competitive Agriculture or State Control : Ukraine's Response to the Global Food Crisis

World market prices for grains and oilseeds have risen dramatically over the last 24 months. Despite a recent drop, wheat prices are still about twice what they were two years ago. Given the underlying causes, this situation is likely to persist fo...

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Bibliographic Details
Main Author:	World Bank
Format:	Policy Note
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACREAGE ADJUSTMENT ASSISTANCE ADMINISTERED PRICES AGRARIAN POLICY AGREEMENT ON AGRICULTURE AGRIBUSINESS AGRIBUSINESS LEADERS AGRICULTURAL AREAS AGRICULTURAL COMMODITIES AGRICULTURAL COMMODITY AGRICULTURAL DEVELOPMENT AGRICULTURAL MARKET AGRICULTURAL MARKETS AGRICULTURAL OUTPUT AGRICULTURAL POLICIES AGRICULTURAL POLICY AGRICULTURAL PRODUCE AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTION SYSTEMS AGRICULTURAL PRODUCTS AGRICULTURAL RAW MATERIALS AGRICULTURAL STATISTICS AGRICULTURAL WORKERS AGRICULTURE AGRICULTURE ORGANIZATION AGRICULTURE SECTOR AGROINDUSTRIAL COMPLEX ASSET VALUES AVERAGE YIELD BAKERIES BAKERY INDUSTRY BAKING BANKRUPTCY BEVERAGES BREAD BUTTER CAPITAL INFLOWS CARTEL CEREALS CHEESE COLLATERAL COLLUSION COMBINES COMMODITY PRICE COMMODITY PRICES COMPARATIVE ADVANTAGES COMPETITIVE MARKET COMPETITIVE PRODUCTS COMPETITIVENESS CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICES CORN CROP PRODUCTION DAIRY DAIRY PRODUCTS DEVELOPING COUNTRIES DIRECT PAYMENTS DOMESTIC CONSUMERS DOMESTIC PRICE DOMESTIC PRICES ECONOMIC COOPERATION EGGS ELASTICITY EMERGING ECONOMIES EMERGING MARKETS ENERGY PRICE ENERGY PRICES ENVIRONMENTAL RISKS ENVIRONMENTAL SUSTAINABILITY EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT EXPORTS FARM FARM MANAGEMENT FARM MANAGERS FARM STORAGE FARMERS FARMS FEED FLOUR FOOD AID FOOD AVAILABILITY FOOD CROP FOOD CROPS FOOD FOR ALL FOOD GRAINS FOOD MARKETS FOOD POLICY FOOD POLICY RESEARCH FOOD PRICE FOOD PRICE INFLATION FOOD PRICES FOOD PROCESSING FOOD PRODUCTION FOOD PRODUCTS FOOD RIOTS FOOD SAFETY FOOD SHORTAGE FOOD SUBSIDIES FOOD SUPPLY FOOD SURPLUSES FOOD WEB FOREIGN MARKETS FREE TRADE FREE TRADE AGREEMENT FRUIT FRUIT VEGETABLES FUTURES GDP GDP DEFLATOR GLOBAL ECONOMY GLOBAL MARKET GRAIN GRAIN PRICES GRAIN PRODUCTION GRAINS GROSS DOMESTIC PRODUCT GROSS MARGIN HOUSEHOLD FOOD SECURITY HOUSEHOLDS HUMAN CAPITAL IFPRI IMPORT TARIFFS INCOME INFLATIONARY EXPECTATIONS INFORMATION ASYMMETRIES INFORMATION SYSTEMS INSURANCE INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE INTERNATIONAL TRADE LEGAL FRAMEWORK LIQUIDITY LIVESTOCK LIVESTOCK PRODUCTS LOW-INCOME COUNTRIES MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MAIZE MARKET DEVELOPMENT MARKET INFORMATION MARKET POWER MARKET SHARE MARKET STUDIES MARKETING MARKETING SYSTEMS MEAT MIDDLE INCOME COUNTRIES MILK MILK CHEESE MILLING MILLING INDUSTRY MONETARY POLICIES MONETARY POLICY MONEY GROWTH NATIONAL BANK NATIONAL ECONOMY NATURAL DISASTER NATURAL RESOURCE NET CAPITAL NET EXPORTS PENSIONS PER CAPITA INCOME PER CAPITA INCOMES POLITICAL UNREST POTENTIAL OUTPUT POULTRY PRICE CHANGES PRICE CONTROLS PRICE FORECASTS PRICE INCREASE PRICE INCREASES PRICE INDEX PRICE LEVELS PRICE SPREADS PRICE SUPPORT PRICE TRENDS PRICE VOLATILITY PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE SECTOR CREDIT PRODUCER PRICE PRODUCT QUALITY PRODUCTION INCREASES PROPERTY RIGHTS PUBLIC GOOD QUALITY REQUIREMENTS QUALITY STANDARDS QUOTA RENTS QUOTA SYSTEM QUOTAS REAL INCOME RICE RISK MANAGEMENT RURAL AREAS SAFETY ISSUES SAFETY NET SAFETY NETS SALE SALES SAVINGS SOCIAL COSTS SOCIAL PROTECTION SPREAD STAPLE FOODS STOCKS STORAGE CAPACITY SUB-SAHARAN AFRICA SUGAR SUPPLIERS SUPPLY CHAIN SUPPLY CHAINS SURPLUS SUSTAINABLE DEVELOPMENT SUSTAINABLE INVESTMENT TARGET MARKETS TAX TRADE AGREEMENTS TRADE POLICIES TRADE POLICY TRADE RELATIONS TRANSACTION TRANSACTION COSTS VALUE ADDED VEGETABLE OILS VERTICAL INTEGRATION VOLUME WAGE GROWTH WAGES WAREHOUSE WHEAT WORLD ECONOMY WORLD MARKET WORLD MARKET PRICE WORLD MARKET PRICES WORLD MARKETS WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2008/05/9858058/ukraine-competitive-agriculture-or-state-control-ukraines-response-global-food-crisis http://hdl.handle.net/10986/19522

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Summary:	World market prices for grains and oilseeds have risen dramatically over the last 24 months. Despite a recent drop, wheat prices are still about twice what they were two years ago. Given the underlying causes, this situation is likely to persist for the medium term (International Food Policy Research Institute-IFPRI and World Bank projections use a time horizon until 2015). Rising food prices are causing significant hardship worldwide and threatening to cast large numbers of people into poverty. However, the current situation is a major opportunity for Ukraine, a net grain exporter with a significant exploitable yield gap and one of the few countries in the world that are in a position to significantly increase net exports and make up for emerging deficits elsewhere. With appropriate policies and investments, Ukraine could significantly increase its grain harvest and gain global market share in an environment of rising global demand. Even relatively conservative estimates of growth in yields and acreage indicate that a regular harvest of over 40 million tons will be possible. Seizing this opportunity will require a shift in policies and corresponding increases in private and public investment. Ukraine is in a position to make a significant contribution to the international effort to deal with the food crisis, while providing attractive investment and employment opportunities in the agriculture sector (in rural areas) that are expected to yield significant income, trade, and fiscal benefits.

Competitive Agriculture or State Control : Ukraine's Response to the Global Food Crisis

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