The Ministry of Economic Development and Trade of Ukraine forecast some decline in the general agricultural production in the country in 2016 – by 0.2% (+/- 0.3%) YoY, in terms of the positive dynamics in plant growing industry, and negative dynamics – in animal husbandry, the press-service of the ministry declared.
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 by 4.8%, sugar beet – up by 22.4%, and sunflower – up by 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 the agricultural industry showed a slowdown to 0.1% compared with the same period last year, against 0.5% in January-July. (APK-Inform/Business World Magazine)
