Ukrainian agricultural production demonstrates positive dynamics

In the 11 months of 2013, agricultural production went up 11.7% year-on-year. The production of agricultural enterprises grew by 18.4%, in individual farms - by 5.2%, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.

The State Statistics data also demonstrates an ongoing positive dynamics for livestock and poultry performance in 2013. In the 11 months of 2013, the growth of cattle livestock was 102.9% year-on-year, pigs - 104.3% , sheep and goats - 106.9%, poultry - 107.5%.

Growth of major livestock products has been observed for the entire year. Experts particularly point to the growth of meat production (live weight). Compared to last year, the volume of meat production went up 8.1%. The milk production grew by 0.9%, eggs – by 2.4%.

Experts of the Ministry of Agrarian Policy and Food note that in the first 9 months of 2013, profits of agricultural enterprises grew by 18.2% year-on-year and totaled 244.3 million UAH (165.2 million UAH year-on-year).

The level of profitability in the agricultural sector grew to 1.4% compared with 1.3% in the first half of 2012.

Agrarian market analysts say growth of production and increase in incomes of farmers is due to favorable weather conditions, which yield a record crop of major crops. In livestock production, the growth is explained by the stable demand as well as by an increase of subsidies and compensation for livestock products sold to processing enterprises.

Analysts say that the steadily growing agriculture is positively affected by the government reforms in the agricultural sector.