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Ukrainian 2018 grains record high crop almost didn’t influence profitability
15.08.2019 19:14 "Agro Perspectiva" (Kyiv) —
Even despite Ukrainian 2018 grains’ record high crop, the Ukrainian grains’ output profitability remained just 24.7% (almost unchanged against 25% as of 2017), Ukrinform says referring to Yuriy Lupenko, Director of the National Science Center «Institute of Agrarian Economics», report.
«As of 2018, the agricultural companies boosted their grains’ output to a historical record of 70 million tons (!), up 17.1% against 2017. However, despite of that, the 2018 grains’ output profitability remained 24.7%, that is, almost same as of 2017 25%,» Lupenko admits.
As to the report, Lupenko admits that within 2018, cultivation of most of the Ukrainian agricultural plants was profitable, with hop cones (60.9%) and sunseeds (32.5%) cultivation becoming the most profitable.
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