Some 86.2% of Ukrainian agricultural enterprises were profitable in 2018, including all 22 large agricultural enterprises, Director of the Institute of Agrarian Economics Yuriy Lupenko has said. “Last year 86.2% of agricultural enterprises posted profits. At the same time, all 22 large agricultural enterprises were profitable, and they secured 11.9% of the industry’s profit,” the…
Economist from the Investment Center of the Food and Agriculture Organization (FAO) of the United Nations Andriy Yarmak said the profitability of milk production in Ukraine in July grew by 33.6% YoY. “The Ukrainian Milk Index (UMI, conditional profitability of milk production) at commercial enterprises was already 33.6% up in July against the figure reported…
Beer sales on Estonia’s northern border increased 2.2-fold YoY in July, according to the Estonian Breweries Association. Last month beer sales across Estonia increased approximately by 45%, while the sale of cider and other low-alcohol by volume (ABV) beverages rose by 37%, the association said. Beer producers’ July sales figures indicate that the Estonian market…
Ukraine exported 301 thousand tons of wheat flour in MY 2018-2019, down by 30% YoY (429.8 thousand tons). This is the lowest volume of exports in five years. Flour production also dropped in MY 2018-2019, to 1.7 million tons (by 13% from 1.9 million tons in MY 2017-2018). The key export destinations include Asia, Africa,…
The Research Institute of Vegetable Growing under the Azerbaijani Ministry of Agriculture conducts extensive research and practical work on the production of potato seeds. Seeds of national potato varieties are grown in the sown areas of the experimental Saritala station in Tovuz region, along with the base of the research institute in neighboring Shamkir. The…
Turkmenistan continues to strengthen its positions as an exporter of fruits and vegetables. More than 15,000 tons of tomatoes and cucumbers were grown in greenhouses and sent abroad in 2019, up almost 2-fold YoY. Moreover, over 7,500 tons of onions were shipped to foreign consumers. Vegetables worth $16 million and produced in greenhouses have been…
A 15% lower excise duty rate on strong liquor is to enter into effect in Latvia on August 1. The reduced excise duty rate will apply through February 29, 2020. The reduced rate will not apply to beer, wine or other alcoholic beverages containing up to 22% pure alcohol. On July 8 the Saeima passed…