GLOBAL CHALLENGES FOR OIL ANF FAT INDUSTRY OF UKRAINE IN 2020

The article deals with the problems of the oil and fat industry in the 2020–2021 marketing year and the main reasons for their occurrence. The strategic importance of the oil and fat industry for the country's economy as a whole has been determined. The performance of this industry, since 1999, when the export duty on sunflower seeds was introduced, annually continues to confirm the advantages of the economy's transition from a raw material type, turning into a raw material appendage for the economies of developed countries, to the creation of a competitive product with high added value within the country. The article pointed out that a 15% drop in the yield of oilseeds in 2020 significantly influenced the formation of a pricing policy for oilseeds and negatively affected the activities of processing enterprises. The necessity of state intervention in case of uncontrolled growth of prices for raw materials and the maximum restriction of export of raw materials from the country are substantiated. The food security of our country and the development of domestic agriculture largely depend on the quality of decisions made at the state level today. For the stable and dynamic development of the agro-industrial complex of Ukraine, and in particular the oil and fat industry, it is necessary to maintain active cooperation between the state and business, which will help to attract foreign investments more actively and produce products with higher added value. It was found that with the total processing capacity of oilseeds at the level of 23 mln tons per year, there is a need to contain exports as much as possible. Since a maximum of 16 million tons of sunflower and about 1 million tons of soybeans and rapeseed are processed, there is a need to increase processing by introducing an export duty on all oilseeds, thus stimulating not the export of raw materials, but the processing and export of final products.