In 2020, sunflower seed production was the most profitable in Ukraine – expert

Source

APK-Inform

3714

In 2020, the profitability of sunflower seed cultivation in enterprises of Ukraine totaled 39.4% and turned to be the highest among all types of agricultural products, declared the Director of the National Scientific Center “Institute of Agrarian Economics”, Academician of the National Academy of Agrarian Sciences (NAAS), Yuri Lupenko.

“Last year, the profitability of sunflower seed cultivation was the highest over the recent years and was up by almost 16% compared to 2019 (23.5%). Besides, profitability of sunflower seed cultivation exceeded that of grain by almost two times (20% compared to 11.8% in 2019)”, - he said.

Generally, the profitability of operative business of Ukrainian agricultural enterprises totaled 18.4% in 2020 compared to 18.7% in 2019. This means that the last year’s growth of the average selling prices of agricultural products by 19.2%, grain by 24% and oilseeds by 30.4% resulted in the significant growth of work efficiency of agricultural enterprises.

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