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Causes and analysis of food price volatility: Implications for modernization

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Author(s): Nataliia Valinkevych

Journal: Socìalʹno-ekonomìčnì Problemì ì Deržava
ISSN 2223-3822

Volume: 8;
Issue: 1;
Start page: 54;
Date: 2013;
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Keywords: food industry enterprises | prices volatility | price indexes | food | organizational-economic modernization

ABSTRACT
The impact of price volatility on the food industry enterprises functioning is examined and analyzed in the article. The food price indexes, consumer prices index for food and nonalcoholic beverages for years 2005-2012, food and beverages production indexes in Ukraine for years 2007-2012 and FAO food price indexes are considered. The aspects of government regulation of pricing for certain types of food, its prices instability and volatility are traced. It is reasoned that the organizational-economic modernization is revealed in the enterprise’s ability as a system to respond adequately to changes in environment at any time and at the same time to generate these interaction, which requires a clear pricing mechanism, exceptional resources, competencies and knowledge, determining the opportunity of optimal available at its disposal resources combination. It is proved that the efficient pricing for food industry products, its dynamics analysis and monitoring in comparison with world prices is one of the determinants of successful organizational-economic modernization implementation for stable competitive market position ensuring
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