Ukraine: in 2014, the cost for agricultural commodities production increased by 30%
In the current year the costs for production of agricultural commodities in Ukraine increased by nearly 30%, while previously the annual growth rate totaled nearly 10%, declared Inna Meteleva, Deputy Chairman of the corporation Svarog West Group, on March 25.
She noted that first of all, the situation is caused by fluctuation of USD/UAH currency rates, which resulted in rising of the prices for imported material and technical resources. According to I.Meteleva, agricultural producers are forced to revise the structure of crops planted areas to increase the planted areas of more profitable crops (soybeans, sunflower seed, etc.), and reduce grain crops areas.
According to preliminary calculations, the profitability of maize production will total -5%. Therefore, to date the company Svarog increased the planted areas under soybeans, which is the strategic crop for the company, explained the Deputy Chairman.
You should be authorized to post comment
Ukraine: Portinvest to build a grain terminal in the port Yuzhny
State Food and Grain Corporation of Ukraine to increase shipment capacities of the Odessa terminal
As of August 28, Ukraine harvested over 35.5 mln tonnes of grains - Ministry of Agrarian Policy
New season for Black Sea sunflower: close to record
No reason to limit Ukrainian wheat exports – Ukrainian Grain Association
APK-Inform Agency is glad to present our new magazine Oilseeds and Oils Monthly outlook
August 28, 17:10