News
16.03.2017
Cost of sowing campaign increased by 14%
According to calculation performed the UCAB experts, cost of sowing campaign for 2017 will amount to UAH 103 billion that is 14 % more than index of the previous year. Cost of fuel (+ 26% up to 2016) as well as fertilizers (+ 9% up to 2016) has increased over the year.
Basis of the spring sowing is formed by 4 crops accounting for over 93% of all expenditures or UAH 96 billion, i.e. sunflower - UAH 38 billion, corn - UAH 32 billion, soybean - UAH 16 billion and spring barley - UAH 10 billion.
‘Rising cost of the sowing campaign is not critical for agricultural enterprises, their final products are pegged to the currency, since the plant products are mostly export-oriented. A positive aspect is that the cost of financial resources is constantly falling within the last three years and is becoming more affordable’, noted Taras Vysotskyi, General Director of the Association ‘Ukrainian Agribusiness Club’.
