Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 21 ISSUE 1
Written by Tetyana KUTS, Oksana MAKARCHUK
This paper aims to provide analysis of current state and perspectives of the economic efficiency of sunflower seed production in Ukraine. There are investigated economic efficiency indicators of sunflower production in contemporary conditions; price analysis; main factors of further development of sunflower growing. According to the research results, the world market of sunflower seed and products of its processing (i.e. oil and meal) is developing rapidly. Ukraine occupies a significant place in this market segment. Our research has shown the close integration of the Ukrainian sunflower, oil and meal markets with world markets. The supply of sunflower seed depends primarily on production volumes and demand is determined by the consumption level of Ukrainian processing enterprises. Production cost influence significantly on the economic efficiency of sunflower seed. In this framework we analyzed one of production cost component - crude oil prices that in turn reflect on sunflower seed prices. Co-integration results showed that in the long-run Ukrainian sunflower seed could follow crude oil prices in common path.
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