Головна Market News The profitability of agricultural production in Ukraine amounted to 37.3% in 2016

The profitability of agricultural production in Ukraine amounted to 37.3% in 2016

According to the results of 2016, the profitability of agricultural production in Ukraine amounted to 37.3% against 45.6% a year earlier.

It has been reported by UNIAN with a reference to State Statistics Service of Ukraine.

According to the report, the profitability of crop production in 2016 decreased to 44.3% from 50.6% in 2015. In particular, the profitability of growing grain and leguminous crops in 2016 amounted to 37.7% (43.1% in 2015); sunflower – 61.9% (80.5% in 2015); sugar beet – 24.2% (28.2% in 2015).

At the same time, the profitability of soybean and rapeseed production increased to 51.8% (from 38.6% in 2015) and 45% (from 44.3% in 2015), respectively. In comparison, it was unprofitable to grow potatoes in 2016. The negative profitability of production of this crop was 3.2% (in 2015 it was positive and amounted to 24.2%).

The profitability of vegetable growing last year decreased to 19.4% against 47.5% in 2015 and the other crop production – to 27.2% from 31.7% a year earlier.

It is also reported that the profitability of livestock production in 2016 in Ukraine fell to 7.7% from 22.1% in 2015. Thus, the unprofitability of the cultivation of meat breeds of cattle increased last year, reaching 24.9% (17.9% in 2015), sheep and goats – 35.3% (29.6% in 2015).

Unprofitability of pig production in 2016 was 4.6%, while in 2015 there was a positive profitability of 12.7%. At the same time, poultry production ceased to be unprofitable – in 2016 profitability was 4.9% against 6.1% loss in 2015.

The profitability of milk production in 2016 was 18.4% (against 12.6% in 2015); chicken eggs – 0.6% (against 60.9%). Wool production was unprofitable by 31.8% against 61.9% a year earlier. Production of other livestock last year was profitable by 70.2% against 67.3% in 2015.

It”s worth to mention that in 2016, the costs of agricultural production in Ukraine increased by 13.5% compared with 2015.

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