PROSPECTS FOR THE SOYBEAN MARKET DEVELOPMENT AND ITS IMPORTANCE FOR THE RUSSIAN ECONOMY

Abstract

In order to assess the capabilities of the soybean production industry as one of the factors in the development of the Russian economy, the article provides an overview of global trends and forecasts of the dynamics of supply and demand in the market for soybeans and products from it. The universality and multifunctionality of this group of products is noted, which, together with their useful consumer properties, gives grounds for directing efforts to further develop this segment of the Russian economy. At the same time, the features of the distribution and functioning of the Russian soybean market are highlighted. In addition, the article analyzes the retrospective dynamics of the production of this product in the post-Soviet countries - 15 states of the ex-members of the Soviet Union. Based on the results of the application of a set of statistical methods, a comparison was made of the nature of the development of soybean production in the two leading states among the CIS countries - Russia and Ukraine. The study made it possible to draw the following conclusions: the world soybean market is a steadily developing system, in which the leading positions in production are occupied by the United States, Brazil and Argentina, and in terms of consumption, by China. The share of Russia in world production today is only 1%, while in the post-Soviet space, Russia and Ukraine occupy leading positions as exporters. Pressure from global producers and rising prices for soybeans leads to a significant increase in domestic production in the Russian economy. The field of practical application of the research results is to use some of the findings to conduct a further in-depth study of the prospects for growing soybeans, taking into account the climatic characteristics of the post-Soviet countries, as well as to assess the possibility of Russia entering the world soybean market