ECONOMIC PROBLEMS OF BIOFUEL PRODUCTION REGARDING FOOD SAFETY OF UKRAINE

О.M. Shpychak

Abstract


The economic problems of biofuel production regarding food safety of Ukraine have been researched. Increasing the intensity of production and purchasing power of the population Ukraine can completely solve not only the issue food safety but also food independence. Moreover, there are substantial reserves for the production of biofuel (biodiesel, bioethanol, biogas etc.) that may weaken the energetic dependence of Ukraine and improve the ecological environment of the country as well as economic one in AIC. An algorithm of priority determining in production and realization of a certain type of products (rape seeds, rape oil, oil-cake or biodiesel) depending on conjunction of these types of products on domestic and world markets for the specific time period has been developed.


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