Prospects for the expansion of Russian exports of soybeans and products of its processing

Issue № 7, 2023, article № 11, pages 99-109

Language: Russian

Original language title: ПЕРСПЕКТИВЫ РАСШИРЕНИЯ РОССИЙСКОГО ЭКСПОРТА СОИ И ПРОДУКТОВ ЕЕ ПЕРЕРАБОТКИ

Keywords: EXPORT, IMPORT, SOYBEANS, OILCAKE, SOYBEAN OIL, SOY ISOLATE, FAR EASTERN FEDERAL DISTRICT, CHINA

Abstract: Based on statistical data, the article defines the positions of the Russian Federation in the production and export of soybeans and individual soybean-derived products. It was revealed that the intensive increase in soybean acreage and production is due to targeted actions in this area by the government of the Russian Federation, which led to an increase in Russia's share in the world markets for soybeans and soy products. To study the export potential, three groups of products were selected: soybeans, soybean oil and oilcake, which currently form comparable export volumes. Based on the structural and dynamic analysis, the role of the Russian Federation in the world markets of the analyzed products was determined - in recent years, the country has been among the top ten exporters, although with a small share, but with a tendency to grow faster than the world market as a whole, the main economic partner countries. As a result of the study, a significant negative trade balance in the foreign trade of the Russian Federation in soybeans was revealed, which casts doubt on the economic feasibility of increasing the export of soybeans, and a positive trade balance in the foreign trade in soybean oil and oilcake. Based on the available expert assessments on the development of the use of soybean products, conclusions were drawn about the prospects for increasing exports of soybean processing products - soybean oil, oilcake, isolate, which is due both to the growth in global demand for products and to the increase in the production of these products in the country. Restrictions in exports associated with the existing disproportions in soybean production and the placement of processing facilities have been identified, and solutions have been proposed in the short term.

Authors: Loginova Valeriia Aleksandrovna, Murashova Elena Vladimirovna