Volume of agricultural production to decrease by 2.6% this year – Institute of Agrarian Economics

Volume of agricultural production to decrease by 2.6% this year – Institute of Agrarian Economics

Ukrinform
Scientists of the Institute of Agrarian Economics predict that the volume of gross agricultural output will decrease by 2.6% in 2017 against the indicators of 2016 and will amount to UAH 247.9 billion.

Director of the National Research Center 'Institute of Agrarian Economics' Yuriy Lupenko announced this.

"The gross output of crop production is projected at the level of UAH 178.7 billion that is by 3.4% less than in the previous year, while the production of wheat, rye, buckwheat, peas, rice, rapeseed and potatoes is expected to increase," he said.

According to the scientists of the Institute of Agrarian Economics, the gross output of livestock production is expected at the level of UAH 69.2 billion, which is 0.6% less than in 2016.

The production of cattle meat, poultry and eggs will increase a little. At the same time, the production of livestock meat and poultry, as well as milk and wool, is expected to decrease, Lupenko said.

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