Financial Analytics: Science and Experience
 

The prospects of stabilization of the Russian milk market

Vol. 10, Iss. 12, DECEMBER 2017

Received: 17 August 2017

Received in revised form: 19 October 2017

Accepted: 26 October 2017

Available online: 14 December 2017

Subject Heading: MONITORING OF ECONOMIC PROCESSES

JEL Classification: Q01, Q02

Pages: 1362–1379

https://doi.org/10.24891/fa.10.12.1362

Shvandar D.V. Financial University under Government of Russian Federation, Moscow, Russian Federation dshv75@mail.ru

Frolova El.M. OOO PlemAgroKonsalting, Moscow, Russian Federation frofurs@inbox.ru

Burova T.F. Financial Research Institute of Ministry of Finance of Russian Federation, Moscow, Russian Federation burova@nifi.ru

Importance The article discusses the prospects of the Russian market of milk stabilization, food security and self-sufficiency of the national economy.
Objectives The aim of this work is to study the ways of stabilizing the milk market and develop measures to ensure sustainable development of the industry.
Methods The study is performed with the use of the systems approach, synthesis of the facts, and induction of the obtained results in the scientific conclusions and recommendations.
Results The range of factors affecting the milk market have been determined. The key areas of price reduction and prime costs for commodity milk have been identified. It can help to forecast the development of Russian market of milk.
Conclusions and Relevance The paper has determined the influence of external and internal factors of stability of the milk market and dairy products. It is concluded on the necessity of improving the normative-legal regulation in the field of accounting dairy cattle.

Keywords: milk market, consumption, imports, prime cost, depreciation

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