Current state and prospective development directions of the domestic market of oil and oil fat products: a qualitative aspect

Abstract

The main results of the enterprises activities of the domestic oil and fat industry in 2020—2021 are shown in the articles. The profitability indicators of the production of oil crops of agricultural enterprises and farms of Ukraine by regions in 2020, the sown area under soybeans and sunflowers by regions of Ukraine for the 2021 harvest are studied, as well as the export of oilseeds in 2020/2021 compared to the 2019/2020 marketing year. It was emphasized that oilseed crops in Ukraine are traditionally the most profitable of all plant products, which is due to their high liquidity and demand from both exporters and the processing sector. export of vegetable oil and protein grist from Ukraine during the specified period was investigated, and the main reasons for changes were determined. The production of oil and fat products in Ukraine in 2020—2021 was analyzed, the the supply/demand balances of sunflower seeds and vegetable oil, the main trends in the functioning of the relevant market were determined and the priorities of future development were substantiated. The price policy of industry enterprises and the reasons for the increase in the price of oil were studied. The processsing capacities of the main types of oil crops, oil and deep processing products were evaluated, and the leaders of the respective markets were determined. It was emphasized that the further market development of oil and oil-fat products of Ukraine will take place in the direction of improving the quality of manufactured products in terms of their safety and expanding exports. This is due to the further application of international standards at the enterprises of the industry and their timely reaction to changes in the regulatory and legal framework. New changes in FSSC 22000 scheme (version 5.1) are highlighted.