NECESSITY OF EXPORT POTENTIAL MAINTENANCE FOR OIL-BEARING PLANTS OF AGRARIAN SECTOR OF ECONOMY IN RUSSIA

DOI 10.32651/209-101

Issue № 9, 2020, article № 17, pages 101-106

Section: Foreign news

Language: Russian

Original language title: ОБОСНОВАНИЕ НЕОБХОДИМОСТИ СОХРАНЕНИЯ ЭКСПОРТНОГО ПОТЕНЦИАЛА МАСЛИЧНЫХ АГРАРНОГО СЕКТОРА ЭКОНОМИКИ РОССИИ

Keywords: EXPORT POTENTIAL, OIL-BEARING PLANTS, AGRARIAN SECTOR OF ECONOMY, FOOD SAFETY, COMPARATIVE ADVANTAGES

Abstract: At the end of March in 2020 the outflow of sunflower and soybeans from Russia, like from other member countries of Eurasian Economic Union, was banned with the aim of saving of the food safety. Oil-bearing plants are a top ten high-demand abroad positions of Russian grain export. In the article the necessity of export potential maintenance of sunflower and soybeans of Russian production is substantiated according to the theory of comparative advantages of the international trade. In comparing with the USA agrarian sector of Russian economy has comparative advantage in production of sunflower. Cultivation of soybeans could be profitable for both sides, depends of current market conditions. Moreover, author of the article adduces next practical arguments in favor of oil-bearing plants: firstly, the highest level of profitability of sunflower cultivation in Russia; secondly, active expansion of non genetically modified native soybeans; thirdly, the possibility of diversification for grain export from Russia by future widening of sunflower, soybeans and their products of processing export. Increasing of sunflower oil and soy protein isolate export, in its turn, is presented in the article like a possible measure for saving of export potential of oil-bearing plants in common.

Authors: Karpova Olga Ivanovna