JEL classification: Q13
Introduction. Successful development of the national agro-product sector is impossible without improving the system of market relations between economic entities. The market of milk and dairy products today is one of the most promising markets for agricultural raw materials and food. The decrease in the actual level of the population provision in Ukraine with dairy products in recent years is relevant to studies that characterize the interaction of key elements of the market as part of a single economic system.
Objective. The purpose of the study is to substantiate the composition of the system elements of economic relations between participants in the modern market of milk and dairy products in Ukraine and assess the current state of its development.
Methods. Some methods and techniques of scientific knowledge have been used in the process of scientific research: abstract-logical (in forming the logical-structural scheme of the economic relations system of milk market participants and dairy products), monographic and economic-statistical (in assessing the current state of market development), methods of analysis and synthesis (in the formalization and evaluation of the factors effect on the development of market processes), the method of scientific comparison.
Results. It is determined that the system of economic relations of milk market participants and dairy products is based on a set of levers of the market mechanism of management (demand, supply, price, competition) and the balance of economic interests of each of its subjects. Price is the main lever that balances the economic interests of dairy market players. The modern price mechanism of the market of milk and dairy products contributes to the profitable management of the dairy industry, however, do not provide food security and a sufficient level of consumption of dairy products by the population. The estimation of volumes of production and supply of milk, market balance, level of supply and consumption of dairy products by the population is carried out. The analysis of price tendencies of the market of milk and dairy products in the context of development of the world market of milk is also carried out. The main directions and volumes of state financial support of the dairy industry of Ukraine have been determined. The main problematic aspects of the development of the domestic market of milk and dairy products are: reduction of production of milk raw materials, low quality, low level of effective demand for dairy products by the population, intensification of competition in the market and increased participation of foreign dairy companies.
Prospects. Prospects for further research are to identify and assess the economic benefits of the economic system of the market of milk and dairy products in Ukraine.
Keywords: economic relations; market; system; milk and dairy products; agricultural production; dairy cattle breeding.
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The article was received 10.08.2020