Foreign trade of oil food complex products in the conditions of integration of Ukraine
2020
O. Antonyuk | T. Stupnytska | P. Antonyuk | O. Volodina
The article examines the current tendencies of entering the oil and fat subcomplex of Ukraine into the world markets. It has been revealed that oil crops and their products are the main export commodity in agro-food export of the state. The large scale production of the sub-complex products, with modest domestic consumption, is first and foremost associated with successful integration into international trade. Foreign trade thus becomes an important factor in the development of the subcomplex. Considering the complexity and multidimensionality of the problem, the main segments of the market - oilseeds, oils and oilcake - are highlighted 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 that Ukraine, as a powerful producer and active participant in the world market, influences, to some extent, the excess 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 study substantiates the need to improve the structure of production of oilseeds, the balance of use of soybeans and rapeseed, constant monitoring of the situation in foreign markets.
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