FACTORS EVALUATION AFFECTING SUNFLOWER OIL PRICES IN UKRAINE
In the article were evaluated factors that influence on Ukrainian sunflower oil prices. There was made price analysis, where domestic sunflower seed prices and European sunflower oil prices were taken into account. The research results showed that nowadays the sunflower oil production increased twof...
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| Format: | Article |
| Language: | English |
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University of Agricultural Sciences and Veterinary Medicine, Bucharest
2022-01-01
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| Series: | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| Online Access: | https://managementjournal.usamv.ro/pdf/vol.22_2/Art58.pdf |
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| author | Oksana MAKARCHUK Tetyana KUTS |
| author_facet | Oksana MAKARCHUK Tetyana KUTS |
| author_sort | Oksana MAKARCHUK |
| collection | DOAJ |
| description | In the article were evaluated factors that influence on Ukrainian sunflower oil prices. There was made price analysis, where domestic sunflower seed prices and European sunflower oil prices were taken into account. The research results showed that nowadays the sunflower oil production increased twofold compare to 2010. It could be explained by using modern processing technologies and growth demand for vegetable oils on the world market. Thus, it leads to increase Ukrainian export of sunflower oil more than twofold worldwide in 2021. Our research has shown Granger causality between the series of Ukrainian sunflower oil and European sunflower oil using VAR modeling. Indeed, European sunflower oil prices Granger-causes Ukrainian sunflower oil price at 0.01 significance level. In turn, it means that the past changes in European sunflower oil prices make it possible to forecast current changes of Ukrainian sunflower oil prices. Opposite interactions are also significant. However, there was not confirmed causality between the series of Ukrainian sunflower oil and Ukrainian sunflower seed. The absence of causality between Ukrainian sunflower oil and Ukrainian sunflower seeds could be explained due to the fact that sunflower seed prices domestically more influenced by the conjucture formed at vegetable oil market and not vice versa. |
| format | Article |
| id | doaj-art-8b43bd22913d45f19fc913e2624f9934 |
| institution | DOAJ |
| issn | 2284-7995 2285-3952 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | University of Agricultural Sciences and Veterinary Medicine, Bucharest |
| record_format | Article |
| series | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| spelling | doaj-art-8b43bd22913d45f19fc913e2624f99342025-08-20T03:20:51ZengUniversity of Agricultural Sciences and Veterinary Medicine, BucharestScientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development2284-79952285-39522022-01-012224814881082FACTORS EVALUATION AFFECTING SUNFLOWER OIL PRICES IN UKRAINEOksana MAKARCHUKTetyana KUTSIn the article were evaluated factors that influence on Ukrainian sunflower oil prices. There was made price analysis, where domestic sunflower seed prices and European sunflower oil prices were taken into account. The research results showed that nowadays the sunflower oil production increased twofold compare to 2010. It could be explained by using modern processing technologies and growth demand for vegetable oils on the world market. Thus, it leads to increase Ukrainian export of sunflower oil more than twofold worldwide in 2021. Our research has shown Granger causality between the series of Ukrainian sunflower oil and European sunflower oil using VAR modeling. Indeed, European sunflower oil prices Granger-causes Ukrainian sunflower oil price at 0.01 significance level. In turn, it means that the past changes in European sunflower oil prices make it possible to forecast current changes of Ukrainian sunflower oil prices. Opposite interactions are also significant. However, there was not confirmed causality between the series of Ukrainian sunflower oil and Ukrainian sunflower seed. The absence of causality between Ukrainian sunflower oil and Ukrainian sunflower seeds could be explained due to the fact that sunflower seed prices domestically more influenced by the conjucture formed at vegetable oil market and not vice versa.https://managementjournal.usamv.ro/pdf/vol.22_2/Art58.pdf |
| spellingShingle | Oksana MAKARCHUK Tetyana KUTS FACTORS EVALUATION AFFECTING SUNFLOWER OIL PRICES IN UKRAINE Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| title | FACTORS EVALUATION AFFECTING SUNFLOWER OIL PRICES IN UKRAINE |
| title_full | FACTORS EVALUATION AFFECTING SUNFLOWER OIL PRICES IN UKRAINE |
| title_fullStr | FACTORS EVALUATION AFFECTING SUNFLOWER OIL PRICES IN UKRAINE |
| title_full_unstemmed | FACTORS EVALUATION AFFECTING SUNFLOWER OIL PRICES IN UKRAINE |
| title_short | FACTORS EVALUATION AFFECTING SUNFLOWER OIL PRICES IN UKRAINE |
| title_sort | factors evaluation affecting sunflower oil prices in ukraine |
| url | https://managementjournal.usamv.ro/pdf/vol.22_2/Art58.pdf |
| work_keys_str_mv | AT oksanamakarchuk factorsevaluationaffectingsunfloweroilpricesinukraine AT tetyanakuts factorsevaluationaffectingsunfloweroilpricesinukraine |