BUILDING ELECTRONIC PLATFORMS FOR GRAIN PRODUCT STOCK EXCHANGE TRADING

Abstract

Purpose: The present study examines the need for the construction and implementation of electronic platforms for grain trade in Bulgaria. The main motivations for the research stem from the need for greater transparency, efficiency, and security in the grain trading sector. Additionally, it aims to analyze the current challenges and opportunities facing grain exchanges and to present a model for digitalization through modern electronic solutions.

Methods: A qualitative and quantitative approach has been used. A review of scientific literature, regulatory framework, and market reports has been conducted. Semi-structured interviews with sector experts have been carried out, and a comparative analysis of the functionality and regulation of leading platforms has been made. The data has been compared with current statistics from the European Commission, FAO, and national institutions.

Results: The research shows that electronic platforms increase transparency, competitiveness, and access to grain trade. At the same time, however, there is limited use of these platforms in Bulgaria due to regulatory restrictions, low digital literacy, and a lack of interest from small producers.

Conclusions: A targeted state and sectoral policy is needed to stimulate the digitization of grain trade. Efforts are required to develop infrastructure, train participants, and harmonize the regulatory framework with European practices. Such steps will enhance the competitiveness of Bulgarian grain products in regional and global markets.