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Further Growth in Ukraine's Poultry Output

by 5m Editor
24 July 2009, at 7:06am

UKRAINE - A new report predicts thst the Ukraine poultry sector will grow by 47 per cent between now and 2013.

According to a new report, Ukraine Agribusiness Report Q3 2009 from companiesandmarkets.com, poultry production will grow by 47.1 per cent during 2009-2013.

Agriculture in the Ukraine, once the bread basket of Europe, has fallen on sorry times since the collapse of the Soviet Union and independence in 1991. Now, however, in some sectors, a recovery is under way.

The new report examines how agriculture in Ukraine can retrieve its former status, even though in the short term this will be difficult. Ukraine has been hard hit by the global recession (the report is now forecasting real GDP to contract by 14.7 per cent in 2009) and its neighbours, potential export markets, are cutting back too. Falls in production and demand are forecast across the agricultural sector for 2009/2010.

Ukraine's agriculture went into a long decline through the 1990s. However, a new class of efficient farms has emerged and this can most clearly be seen in the poultry sector, which is forecast to grow 2009-2013 by 47.1 per cent. Despite the recession, growth is still expected – if at a slower rate – partly because poultry's relative price advantage over other meats will continue to attract customers. Two large, profitable firms account for more than 70 per cent of production.

Further Reading

- You can view further information and purchase the full report by clicking here.