Business news from Ukraine

Business news from Ukraine

UKRAINE UPDATES RECORD OF IMPORT OF VEGETABLES AND POTATO

Imports of vegetables to Ukraine have significantly exceeded the figure of the previous record, which had been held for nine years, and in the 2018/2019 season (August-July) exceeded the previous record immediately by 27% and reached 264,100 tonnes.
According to the EastFruit information and analytical platform, in the 2009/2010 season, the import of vegetables to the country over the season exceeded 200,000 tonnes for the first time and amounted to 208,500 tonnes. Since then, the volume of imports of vegetables has not even approached the mark of 200,000 tonnes, but last season it exceeded the previous record by 27% at once.
“In 2018/2019, import volumes exceeded the previous season’s figure in natural terms by more than two times. Over the past two seasons, import volumes have more than tripled. In value terms, growth rates were slightly lower due to an increase in the volume of traditional inexpensive vegetables and potato in the import structure. In general, foreign suppliers of vegetables and potato earned $155 million in Ukraine over the season,” EastFruit noted.
According to the platform, the main items of vegetable imports to Ukraine in terms of value were tomatoes, onion, pepper, and cucumbers. In fact, Ukraine increased its imports of almost all positions of vegetables and potato, including salad crops and greens.

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PROFITABILITY OF PRODUCTION OF GRAIN, SUGAR BEETS, VEGETABLES IN UKRAINE FALLS IN 2017

The profitability of grain production in Ukraine in 2017 was 25% compared to 37.8% in 2016, the State Statistics Service has reported. According to its data, in addition, last year the profitability of production of sunflower seeds decreased to 41.3% from 63% in 2016, sugar beets to 12.4% from 24.3%, open ground vegetables to 15.6% from 19.7%, while potatoes grew to 10% (minus 3.2%).
At the same time, for the first time since 1995, production of meat became profitable: 3.4% against 24.8% in 2016. Profitability of pork production was 3.5% against minus 4.5%, poultry some 7% against 5% in 2016.
The profitability of mutton production last year declined and amounted to minus 39.6% against minus 35.2% in 2016, eggs accounted for minus 9% against 0.5% in 2016.
According to the agency, the profitability of milk production in 2017 increased to 26.9% from 18.2%.

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