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Journal: Academic Bulletin "Economics and Region" (Vol.3, No. 46)

Publication Date:

Authors : ; ;

Page : 67-71

Keywords : oil-and-fat industry; vegetable oil; oilseed; development of enterprises; features of oil-and fat industry enterprises development.;

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Oil-and-fat industry of Ukraine is one of leading and mobile in the agroindustrial complex of the country. ?Сe payment in a national economy is characterized with modernisation of equipment, use of modern resource-saving technologies, wide assortment of products, high level of competitiveness, considerable investment attractiveness. The important aspect of development in this branch of national economy is its export orientation, special role in providing of food safety for the country’s population and considerable multiplicative influence on development of contiguous industries and spheres in production. Background ? determination of the development features at oil-and-fat industry enterprises is aimed at further determination of their functioning problems in modern terms. Objective ? to study the present-day state of the oil-and-fat industry enterprises of Ukraine and to educe the basic features of their development. The world oil market, which is growing fast, because of the increased demand in oils to produce bio-fuel, impacts the development sector positively. At the same time, demand in oils for food purposes is also increasing due to re-orientation of the consumer market to the increased consumption of oils if compared with animal fats and because of the populatТon’s annual global growth. As of January, 2013, the productive capacity of oil extracting enterprises in Ukraine constituted more than 13 million tons. In 2013, Ukraine exported 3631,0 thousand tons of sunflower oil and occupied one of the first ranks in the world market among sunflower oil sellers. 90 world countries import oil from Ukraine; 20 per cent of the total export falls on EU countries. Conclusion. The basic modern features of the oil-and-fat industry enterprises development are the following: high concentration of production and centralization of capital among the oil-and-fat industry enterprises, that supresses the displays of enterprise private initiative due to the high level of market monopolization, dependence on the national state of affairs and important role in forming the consumption fund, that is the factor of high strengthening the country’s food security with oil-and-fat products; high export orientation of the industry, that promotes dependence on other countries of the world and demand in these countries of national products. Positive tendencies are observed in the development of oil-and-fat industry. They are characterized by the increase of production volumes not only for oil-bearing cultures, but also vegetable oils.

Last modified: 2016-08-17 17:14:15