Business news from Ukraine

CONDUCTING AGRICULTURAL PRODUCTION IN UKRAINE IN JAN-MARCH BECOMES MORE EXPENSIVE

5 May , 2021  

Conducting agricultural production in Ukraine in January-March this year became more expensive by 30.4%, while the total cost index in crop production increased by 25% compared to the first quarter of 2020, in animal breeding – by 42%.
According to the State Statistics Service, the price index for material and technical resources of industrial origin consumed by agriculture has grown by 25.4% since the beginning of the year compared to the same period in 2020.
According to the agency, in March 2021, the cost of agricultural production in Ukraine increased by 6.9% compared to March 2020, while in crop production by 7.4%, livestock – by 5.6%.