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However, most Ukrainian exchanges function as superstructure at the spot agricultural market. The government does not actually participate in the exchange trading. Because of relatively small sizes of exchanges, they are not able to create the material basis, necessary for implementation of progres-sive technologies of exchange trading. Forward and futures transactions are not popular, because they are associated with collateral, which should be provided by the supplier (producer) in case it fails to honor its obligations. In general, development of agricultural commodity exchanges is related to the institutional setting of agricultural market...
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