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Experts name most profitable Ukrainian crops within 2015
03.11.2015 10:23 "Agro Perspectiva" (Kyiv) —
Rice, grapes, millet and rapeseed are considered to be the most profitable crops in Ukraine in 2015, UNIAN says referring to the
the Ukrainian National Scientific Center «Institute of Agrarian Economics» press service report.
«As to the estimates by research fellows of the Agricultural Economics Institute, the most profitable is the production of rice (80.5%), grapes (71.5%), millet (66%) and rapeseed (57.2%),» the report runs.
As to the report, the profitability of these crops has been growing for several years in a row. For example, the profitability of rice production in 2013 was 18%. Last year it more than tripled to 58%. The profitability of millet production last year stood at 41%, 13.7 times up on 2013 (3%). The profitability of rapeseed production last year rose to 29% from almost 9% in 2013.
Reportedly, upon whole, the Institute experts expect the profitability of the Ukrainian crop production in 2015 will be about 26% (down 11.3% against 2014).
Thus, the profitability of grain production is forecast to decline to 19% in 2015 (down 25% against 2014). The production of oats and sorghum has a negative profitability ratio of ’minus’ 6%.
As to the report, profitability of vegetable production in the open field is forecast to decline by one third (down 12% against 2014). The profitability of fruit production will reduce to 17% in 2015, against 68% in 2014 and 155% in 2013. Production of sugar beet will be loss-making in 2015 (-12%) and potatoes (-11%), although within 2014 these crops were profitable.
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