July 15, 2011

Ukraine's economy ministry predicts 2012 gross grain yield

The Ministry of Economic Development and Trade of Ukraine forecasts gross grain yield of 51 million tonnes in 2012.

The meeting has introduced a draft national programme of economic and social development in 2012.

Implementation of the measures for developing agro-industrial complex shall boost gross agricultural output by 5.7%, according to the programme.

In particular, plant growing output is expected to grow by 6.9% through a 12.8% increase in grain yield to 51 million tonnes (compared with the projected 45.2 million tonnes of grain harvest in 2011).

Livestock production is anticipated to jump by 4% due to a 5.9% increase in livestock and poultry breeding in live weight (to 3.23 million tonnes), milk production by 1.8% (to 11.5 million tonnes), and eggs by 1.2% (to 17.4 billion items).

Earlier, the draft national programme of economic and social development in 2012 envisages 6.5% GDP growth and 7.9% inflation.

The Ministry of Agrarian Policy and Food of Ukraine predicts grain harvest of 45 million tonnes in 2011.