Importance of Sunflower Oil Export From Russia in Supply Formation on the Global Edible Oil Market

Abstract

Purpose

This research is devoted to studying the dynamics of the commodity structure of the world edible oils market in 2001–2021, with subsequent identification of the role and importance of export deliveries of Russian products in the formation of global mechanisms of supply and demand in the segment.

Design/Methodology/Approach

In the process of writing the chapter, the author used functional and mathematical analysis, statistical and computational-constructive methods, and customs statistics data from reputable international organisations and national statistical bodies. Comparing the obtained results with relevant scientific studies provides a high level of reliability of the results of this research.

Findings

Russia is currently the world's second-largest sunflower oil producer. In the near future, the country has significant potential to become the largest supplier of this product, which can significantly contribute to stabilising supply in the global edible oil market.

Originality/Value

Based on the analysis of the dynamics of change in the statistics, it is substantiated that as a result of the implementation of a balanced state policy, in two decades, Russia managed to overcome a large-scale crisis in agro-industrial production, significantly reduced its dependence on imports of oil and fat products and is currently one of the world's leading producers of sunflower oil, which allows it to play an important role in shaping supply on the world market of oil and fat products.

Citation

Tikhomirova, V.A. (2023), "Importance of Sunflower Oil Export From Russia in Supply Formation on the Global Edible Oil Market", Popkova, E.G. (Ed.) Game Strategies for Business Integration in the Digital Economy (Advances in Business Marketing and Purchasing, Vol. 27), Emerald Publishing Limited, Leeds, pp. 47-55. https://doi.org/10.1108/S1069-096420230000027006