agricultural production
Ministry of Economic Development forecasted a slight decrease of agricultural production
The Ministry of Economic Development and Trade of Ukraine forecasted some decline in the general agricultural production in the country in 2016 by 0.2% (+/- 0.3 percentage points) compared with 2015, in terms of the positive dynamics in plant growing industry, and negative dynamics — in animal husbandry, declared the press-service of the Ministry.
According to the announcement, in 2016 the dynamics in agricultural industry will form at the expense of the positive developments in plant growing industry caused by increasing of the planted areas of spring crops (grains — up 4.8%, sugar beet — up 22.4%, and sunflower — up 18.9%). At the same time, the negative dynamics in animal husbandry will somewhat level down the trend, due to high production costs and the conditions for VAT special regimes, despite a slight recovery of the domestic consumer demand.
It is also noted that in January-August of 2016 the agricultural industry showed a slowdown to 0.1% compared with the same period last year, against 0.5% in January-July of 2016.