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According to the State Statistics Service, in January-October 2013 agricultural output in Ukraine grew by 9.9%, year-on-year.
In the 10 months of 2013, farm output grew by 15.2%, and individual farm output by 5.1%. Agricultural output across the board has increased 42.9% from October 2012 , the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
This remarkable growth was achieved through the use of advanced technology and equipment, government analysts say. This allowed to increase productivity by 42% on average in Ukraine.
The agricultural industry has become a real center of investments in the country, experts say. Since the beginning of 2013, 45 facilities have been commissioned, which have helped raise 3.2 billion UAH in investment funds. Over the next two years, another 30 billion UAH will be invested in the agriculture, which will help create additional 32 million jobs.
Government analysts remind that due to these and other steps of the government in 2013, the gross domestic agricultural output is expected to grow by 8-9%. Ukraine will become a world leader by the volume of exports of several products. In particular, Ukraine in 2013 will be the world's first by sales on the foreign market of sunflower oil, the second by saled of grain and the ninth by exports of chicken.
Experts say in recent years agriculture has ensured a significant inflow of foreign currency to Ukraine and created a substantial reserve which insures stability of the national economy. This happened as demand for metallurgical products dropped in Europe. According to experts, exports of agricultural industry in 2013 will account for a quarter of Ukraine's exports.