Article - Problems of Modern Economics

Maryin R. S.
PhD student, Department of World Economy and International Economic Relations St. Petersburg State University of Economics
Poplavsky V. S.
PhD student, Department of World Economy and International Economic Relations St. Petersburg State University of Economics

The influence of oil price dynamics on pricing in the oilseed industry and the role of BRICS financial mechanisms in managing price risks (Russia, St. Petersburg)

The article examines the relationship between the dynamics of world oil prices and pricing of oilseed products. The authors analyze risk factors caused by fluctuations in the cost of raw materials, and discuss the possibilities of using financial instruments of the BRICS countries to mitigate the negative consequences of these fluctuations. Particular attention is paid to the role of the Guarantee Fund to support the BRICS countries (BRICS CRA) and the BRICS New Development Bank (BRICS NDB) in stabilizing financial markets and supporting the oilseed sector. Recommendations are offered for improving state policy in the field of regulation of the oilseed market and the development of financial instruments for hedging price risks.

Key words: oil prices, oilseed industry, pricing, financial mechanisms, BRICS, price risks, hedging, food security, biofuel

Pages: 18 - 20

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