: :inin Kyiv (EET)

Ministry of Economic Development and Trade improves forecast of agriproduction growth

The Ministry of Economic Development and Trade has improved the forecast of growth of agricultural production in Ukraine in 2016 to 3% from the previous forecast of 2.2%, according to the analytical material published on the official website of the Ministry.

”At the end of 2016, given the considerable volumes of gross harvest of most crops in terms of their higher yields, crop production compensates for the reduction in livestock. Thus, following the results of 2016, it is expected to increase agricultural production at the level of 3%,” the analysts said.

According to the report, in 2016, Ukrainian farmers will gather a record grain harvest at 64.2 million tonnes so that crop production will increase by 6% for the year.

At the same time, according to the Ministry`s forecasts, livestock production will continue to decline. In particular, in January-November this year, Ukraine has reduced milk production by 2.3%, eggs – by 10.2% compared with the same period last year.

According to the Ministry, the main risk to the dynamics of agricultural production until the end of the year may be a further reduction in livestock production and restricting access of domestic agricultural producers on foreign markets.

As UNIAN reported earlier, farm produce output in 2015 fell by 4.8% from 2014. Agri-businesses` output was 5.2% down on the previous year, while households cut production by 4.3%.


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