The expert explained the reason of high prices for sunflower oil in Ukraine

The sunflower oil market in Ukraine shows signs of anti-competitive concerted action. This opinion was expressed in a comment to UNN by economic expert Oleg Pendzyn. So, for the last month on the world market the prices for vegetable oil have fallen by 10%. Instead, oil prices on the Ukrainian market have risen by 3%, the expert said. "We often say that Ukrainian prices are tied to world and European prices as much as possible. But why does it turn out that in Ukrainian realities the price has no inverse elasticity, ”the expert said. The Ukrainian and world markets have one significant difference: abroad, vegetable oil is presented in different price segments - palm, sunflower and premium oil, Pendzin reminded. At the same time, sunflower oil is the only type of vegetable oil in Ukraine, both in the cheapest and in the middle price segments, the expert added. "And when our neighbors - Poles, Slovaks or Czechs - are forced to lower the prices of Ukrainian oil - they do it. And ...