The influence of the dynamics of the food market on the stability of the financial position of producers (on the example of the sunflower oil market)

Issue № 6, 2022, article № 8, pages 59-64

Section: Economics of agribusiness sectors

Language: Russian

Original language title: ВЛИЯНИЕ ДИНАМИКИ РЫНКА ПРОДОВОЛЬСТВИЯ НА УСТОЙЧИВОСТЬ ФИНАНСОВОГО ПОЛОЖЕНИЯ ПРОИЗВОДИТЕЛЕЙ (НА ПРИМЕРЕ РЫНКА ПОДСОЛНЕЧНОГО МАСЛА)

Keywords: FINANCIAL STABILITY OF THE ENTERPRISE, FINANCIAL POSITION OF THE ENTERPRISE, SUNFLOWER OIL MARKET, EXPORT PRICE, AUTONOMY COEFFICIENT, MICROECONOMICS, MACROECONOMICS, MULTIPLE REGRESSION

Abstract: The article examines the current state of the sunflower oil market in Russia and also attempts to identify and measure the relationship between the financial position of producers of this type of product with aggregated macroeconomic indicators that characterize the development of the market. Quantitative measurement of the relationship between intra-economic and macroeconomic indicators makes it possible to predict crisis phenomena and timely develop measures to prevent their negative impact on the activities of individual business entities. The sunflower oil market in Russia is developing dynamically and progressively – over the period from 2005 to 2020, the physical volume of production increases significantly, the value of exports of this commodity item increases even more significantly. The domestic demand for sunflower oil is provided by its own production, as evidenced by the steady decline in the dynamics of imports. As an indicator reflecting the stability of the financial position of sunflower oil producing enterprises, the autonomy coefficient calculated on average for their entire totality is considered. The dynamics of the relative indicator under consideration is most influenced by the following aggregated macroeconomic indicators: domestic retail price, export price, price of raw materials, the share of domestic consumption in the volume of production. The internal retail price, as well as the share of domestic consumption in the volume of production, determine the positive dynamics of the autonomy coefficient. The export price, as well as the cost of raw materials, affect the indicator of financial stability downward. The main macroeconomic factors that have determined the financial situation of sunflower oil producers in Russia are the restrictions caused by the physiological need of a person, as well as the stability of the export price for this commodity product.

Authors: Kibirov KHetag Georgievich, Rabadanov Ammakadi Rabadanovich, Bondarenko Olga Vladimirovna, Tolparov Elbrus Bimbolatovich