Received 24.05.2022, Revised 19.09.2022, Accepted 30.11.2022

Trends and prospects for the development of enterprises for the production and processing of oilseed products in risky conditions

Liudmila Lytovchenko

Ensuring efficient operations is important for oil industry enterprises and plays a key role in the implementation of food strategies. It has been proven that the current state of war in Ukraine is characterized by the sharp decline of agribusiness and the food industry in most regions, the loss of positive trends and dynamics of the development of related industries, and the high risks of providing accompanying services. The development of oilseed production and processing in Ukraine creates competitive advantages in meeting demand on the foreign market and ensuring domestic needs. The purpose of the study was to analyze the current state and justify the priorities for the further development of enterprises for the production and processing of oilseed products based on the factors influencing its formation. It was found that the researched type of activity has prospects of high efficiency of enterprises, associated with the conditional zero-waste production and the possibility of expecting a favorable market situation under the existing conditions of storage of finished products of oil crops. Therefore, competitive advantages can be achieved through a certain multiplier effect in inter-industry connections and alternatives of economic behavior. The dynamics of the production indicators of the main types of oilseeds were revealed and trends were revealed. Based on the results of the analysis, the main priorities of oil industry producers for 2023 are justified. In this regard, the key factors that should be taken into account when determining the model of economic behavior of enterprises in this field in modern conditions were also investigated. It is proven that when defining this model of economic behavior, one should rely on global trends, internal and regional risks and drivers not only in this, but also in related industries

development priorities; enterprise efficiency; production of oil crops; economic behavior; foreign markets; internal needs
202-206
Lytovchenko, L. (2022). Trends and prospects for the development of enterprises for the production and processing of oilseed products in risky conditions. Innovation and Sustainability, 2(4), 202-206. https://doi.org/10.31649/ins.2022.4.202.206

References

[1] About the general meeting of members of the association "Ukroliyaprom". (2022). Retrieved from https://ukroilprom.org.ua/news/pro-zagalni-zbory-uchasnykiv-asotsiatsiy-ukroliyaprom-289/.

[2] Sown areas of Ukraine will be reoriented to oilseeds in 2023 – Ministry of Agrarian Policy. (2022). Retrieved from https://www.ukrinform.ua/rubric-economy/3648517-posivni-plosi-ukraini-u-2023-roci-pereorientuut-na-olijni-kulturi-minagropolitiki.html.

[3] Snetkova, А. (2019). Investments in non-current assets of Ukranian's sunflower oil and fats companies: Dynamics, problems and prospects. Investments: Practice and Experience, 21, 75-83. doi: 10.32702/2306-6814.2019.21.75.

[4] The grain corridor is in the crosshairs. What should the agricultural market expect? (2022). Retrieved from https://latifundist.com/spetsproekt/989-zernovij-koridor-pid-pritsilom-chogo-chekati-agrorinku.

[5] Trends and prospects of oilseed production in Ukraine and analysis of oil exports. (2021). Retrieved from https://agro-business.com.ua/agro/ekonomichnyi-hektar/item/20517-tendentsii-ta-perspektyvy-vyrobnytstva-oliinykh-kultur-v-ukraini-i-analiz-eksportu-olii.html.

[6] Boyko, O.S., & Geiko, L.M. (2020). The current state of oil and fat industry enterprises in Ukraine. Economic Space, 157, 32-37. doi: 10.32782/2224-6282/157-6.

[7] Petryshyn, L. (2018). Economic behavior of agricultural enterprises in the changing environment of development(Doctoral dissertation, Lviv University of Business and Law, Lviv, Ukraine).