Open AccessForeign trade of oil food complex products in the conditions of integration of Ukraine
Author(s) -
O P Antonyuk,
T. Stupnytska,
P.O. АNTONYUK,
O. Volodina
Publication year - 2020
Publication title -
ekonomìka harčovoï promislovostì
Language(s) - English
Resource type - Journals
eISSN - 2411-4111
pISSN - 2312-847X
DOI - 10.15673/fie.v12i1.1663
Subject(s) - rapeseed , commodity , earnings , production (economics) , business , international trade , world market , consumption (sociology) , international market , food products , balance of trade , economics , international economics , commerce , market economy , food science , chemistry , social science , accounting , sociology , macroeconomics
The article examines the current tendencies of entering the oil and fat subcomplex of Ukraine intothe world markets. It has been revealed that oil crops and their products are the main export commodity inagro-food export of the state. The large scale production of the sub-complex products, with modest domesticconsumption, is first and foremost associated with successful integration into international trade. Foreigntrade thus becomes an important factor in the development of the subcomplex. Considering the complexityand multidimensionality of the problem, the main segments of the market - oilseeds, oils and oilcake - arehighlighted in the research. On the basis of statistical data, the analysis of export volumes, dynamics, position on the world market and opportunities for their strengthening were made. It has been established thatUkraine, as a powerful producer and active participant in the world market, influences, to some extent, theexcess of world production over consumption of oil and products of their processing, which leads to a decrease in export prices and, as a consequence, to a loss of export earnings of domestic exporters. The studysubstantiates the need to improve the structure of production of oilseeds, the balance of use of soybeansand rapeseed, constant monitoring of the situation in foreign markets.