Time-Varying Integration of Ukrainian Sunflower Oil Market with the EU Market

Hamulczuk, Mariusz; Makarchuk, Oksana; Kuts, Tetyana

doi:10.7160/aol.2021.130304

Cited by 5 publications

(8 citation statements)

References 18 publications

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“…The process of price pass-through along the Ukrainian sunflower oil supply chain was analysed using (Kuts and Makarchuk, 2020;Hamulczuk et al, 2021).…”

Section: Discussionmentioning

confidence: 99%

“…Most of the empirical papers prove that APT is caused by non-competitive market behavior, and furthermore, some researchers suggest that market power (MP) leads to the presence of APT (Frey and Manera, 2007). In a recent study conducted by Hamulczuk et al (2021), authors investigated horizontal price transmission between the EU market of sunflower oil and the domestic Ukrainian market. They concluded the existence of a cointegrating relation between sunflower oil prices in Ukraine and the EU.…”

Section: World Pricementioning

confidence: 99%

“…In 1999 the 23% export tax on sunflower seeds was imposed; it was later decreased to 17% in 2001; and subsequently to 16% in 2005 (Parlament of Ukraine, 1999). When Ukraine became a member of the World Trade Organization in 2008, the export duty for sunflower oil was reduced to 10% in 2013 (Hamulczuk et al, 2021). Moreover, sunflower oil export is likely to grow further due to the decrease in export tax for sunflower oil from 5.5% in 2020 to 0% in 2026, which is related to the international obligations of Ukraine agreed within the context of free trade agreements with the EU and Canada (Gonchar et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

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Vertical Price Transmission in the Ukrainian Sunflower Oil Supply Chain

Dereva¹,

Rajčániová²

2022

j. cent. eur. agric.

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Sunflower is one of the most popular and extensively produced crops in Ukraine. Almost all production of sunflower is processed further into sunflower oil. During the last 20 years, the amount of produced and exported Ukrainian sunflower oil have increased markedly, so Ukraine has become the world's biggest producer of sunflower oil and its exporter. However, due to the increasing industry concentration and rapid sunflower oil price growth starting from mid-2020, the Antimonopoly Committee of Ukraine started its investigation of the sunflower oil supply for the possible competition issues. There are suspicions that there might be a collusion of sunflower oil producers aimed at an artificial price increase. Those concerns have motivated us to study the potential manifestation of market power in the Ukrainian sunflower oil supply chain. For this purpose, the Threshold Autoregressive Cointegration model was estimated, using monthly producer and consumer sunflower oil prices from January 2013 to September 2021. The results of this analysis bring evidence about a long-term cointegration between price pairs. Moreover, there is a noticeably more dynamic price correction for the negative deviations from the long-run equilibrium than for positive deviations.

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“…The process of price pass-through along the Ukrainian sunflower oil supply chain was analysed using (Kuts and Makarchuk, 2020;Hamulczuk et al, 2021).…”

Section: Discussionmentioning

confidence: 99%

Section: World Pricementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Vertical Price Transmission in the Ukrainian Sunflower Oil Supply Chain

Dereva¹,

Rajčániová²

2022

j. cent. eur. agric.

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“…Various production sources including sunflower oil have the potential for producing improved food and fuel products such as biodiesel production and a renewable solvent phase [4]. Ukraine is one of the world-leading countries in production and export of sunflower oil and integration of the Ukrainian and the EU market is prospective way for economics and further biogas production [5]. The screw presses for different oil crops have almost identical principles of operation, but the technological regimes and constructive peculiarities can be varied [6].…”

Section: Introductionmentioning

confidence: 99%

Investigation of constructive and technological parameters of an energy-efficient screw oil press

Dotsenko,

Gorbenko,

Batsurovska

2023

IOP Conf. Ser.: Earth Environ. Sci.

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The article presents the investigation of constructive and technological parameters of an energy-efficient screw oil press. It is outlined the principle of operation of an energy-efficient screw oil press. The construction of the oil press is improved by the steam atomizer that is installed in the receiving hopper under the rifled rollers for moisture-thermal treatment with steam, which is completed with the heat exchanger, heating element, expansion tank and hydro group. Also, a steam generator connected to a steam atomizer which is embodied into the receiving hopper. It was analyzed the influence of the optimization criteria (oil yield, energy consumption and press productivity) on the efficiency of the technological process. These optimization criteria depend on the main independent factors: the length of the reception and preparation chamber, the material (sunflower pulp) moisture; the heating temperature, the screw rotation speed, the linear speed of movement of screw shaft turns. The optimal constructive and technological parameters of energy-efficient screw oil press are considered. The energy-efficient screw oil press refers to the equipment of the oil enterprises of small productivity and due to its design, it allows to use a simple technological scheme of oil pressing and to reduce the amount of energy and resources spent on the technological process in the context of use in sustainable food systems.

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“…Hamulczuk et al [8] used a similar econometric approach of evaluating the level of linkages between EU and Ukraine markets, to analyze the perspectives of the sunflower seeds trade during the period up to 2027 and after it. The decrease of the export duty on sunflower seed exports to all the EU Member States until it reaches zero in 2027 and re-structuring of EU market of biofuels will lead to the increase of sunflower seeds export from the EU to Ukraine.…”

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confidence: 99%

Evaluation of the results and analysis of the impact of the DCFTA with the EU on agricultural trade in Ukraine

Ostashko¹,

Kobuta²,

Olefir³

et al. 2022

Agric. resour. econ.

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Purpose. The purpose of the article is to evaluate the impact of the EU-Ukraine Deep and Comprehensive Free Trade Area (DCFTA) on bilateral trade in agri-food products and domestic food market of Ukraine during the first five years after the entry into force of this DCFTA. Methodology / approach. Analysis of the impact of DCFTA with EU on the agricultural trade is based on the cost-benefit approach. The results of the implementation of the DCFTA agreement are evaluated in terms of benefits and losses for the main stakeholders (players) in agricultural trade – Ukrainian agricultural exporters, domestic agri-food producers, consumers, and the government sector. Based on the methods of analyzing the structure of the sectoral market, a list of criteria for evaluating the results of the implementation of the Agreement was determined. A comparison method was used to evaluate the impact of the EU-Ukraine Association Agreement (hereinafter Agreement or AA) on agricultural trade and the domestic market of agri-food products of Ukraine. To study the DCFTA’s impact, the five-year period (2009–2013) before its implementation was compared with the five-year period after the entry into force of the DCFTA bilaterally (2016–2020). Since Ukraine lost control over part of its territories after the start of the Agreement’s implementation, relative indicators were used to assess the impact of the EU-Ukraine DCFTA on the domestic market of agri-food products. The research was conducted based on the data of the State Statistics Committee of Ukraine, UN Comtrade Trade Statistics Database, Eurostat Database. Results. The analysis demonstrates the undoubted benefits of DCFTA for Ukrainian exporters of agricultural goods: (1) after the implementation of the DCFTA, there was an increase in both Ukraine’s agricultural exports to the EU and imports of agricultural products from the EU to Ukraine, and the resulting positive balance in agricultural trade in 2020 was 5.5 times higher than in 2009. (2) the average growth rate of Ukraine’s agricultural exports to the EU during the first 5 years of the Agreement (10.3 %) exceeded the average growth rate of agricultural imports from the EU to Ukraine (7.2 %). (3) during 2016–2020, Ukraine’s exports of agricultural goods to the EU grew faster than agricultural exports to the rest of the World, which indicates the high effectiveness of bilateral liberalization of foreign trade regimes. (4) the DCFTA with the EU has not yet resulted in significantly reduce of the share of agricultural raw materials (or low value-added primary goods) in Ukraine’s exports to the EU. (5) the potential for exports of Ukrainian agricultural products to the EU, including those produced by small and medium-sized agrobusinesses, has not been fully realized due to the low levels of tariff rate quotas, high level of EU import duty rates applied to quantities imported from Ukraine outside tariff quotas and long duration and high costs of the certification procedures for the export to the EU. (6) during the first 5 years of DCFTA implementation, there was no significant expansion of imports of agri-food products to the domestic market of Ukraine. This happened not so much because of the high competitiveness of domestic producers, but because of the low purchasing power of the population. (7) the implementation of the Agreement did not have a significant downward impact on domestic prices for agri-food products in Ukraine. (8) the lowering of the tariff protection of the domestic market did not significantly influenced the domestic production of agri-food products which remained stable, except for the production of grape wines, which decreased during 2016–2020. (9) due to the implementation of the Agreement, the EU has increased its share in the import of agri-food products to Ukraine. However, for some commodity groups there was both absolute and relative decrease in imports. This happened due to competition from other importers, as well as due to import substitution processes. Originality / scientific novelty. The originality of the study is the specification (adaptation) of cost-benefit analysis methods to identify the DCFTA impact on the main stakeholders in agricultural trade of Ukraine with European Union – exporters, domestic producers, consumers, government sector. Practical value / implications. The practical use of the study consists of identification of the positive and negative consequences of the DCFTA for Ukraine’s agricultural trade stakeholders, as well as factors of these consequences, that allows developing practical agricultural trade policy recommendations, including periodic time-to-time review of trade provisions of the Agreement.

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Time-Varying Integration of Ukrainian Sunflower Oil Market with the EU Market

Cited by 5 publications

References 18 publications

Vertical Price Transmission in the Ukrainian Sunflower Oil Supply Chain

Vertical Price Transmission in the Ukrainian Sunflower Oil Supply Chain

Investigation of constructive and technological parameters of an energy-efficient screw oil press

Evaluation of the results and analysis of the impact of the DCFTA with the EU on agricultural trade in Ukraine

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