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Ukraine Highlights Growth Potential

3 September 2012, at 9:17am

UKRAINE - Ukraine is improving growth prospects, by increasing animal production for both domestic and export markets.

In 2011, the Ukraine increased egg production by 9.6 per cent to 18.7 billion units, an increase 9.6 per cent compared to the level of 2010.

Ukraine plans to actively increase production of fish meal in the coming years. About €20 million has already been invested in Ukraine’s fishing industry in 2011. In order to further develop an investment of between 500 million to one billion hryvnia is planned per year for the coming years.

The country is expected to increase produce 1.06 million tonnes of poultry meat, 750,000 tonnes of pork and 410,000 tonnes of beef.

Ukraine exported 17.3 million tons of grain since the beginning of the current marketing year (starting July 2011). This amount is 88.7 per cent larger than the respective export volume reached over the same period in the previous marketing year (2010-2011), reports Interfax. Corn export demonstrated the fastest growth rate – it increased more than threefold.

The deficit on the global market may lead to a record volume of soybean exports from the Ukraine, both in product and in money terms.

Ukraine GDP growth forecast for 2012 is two per cent and 2013 3.5 per cent.

2012 promises to be eventful for the Ukrainian pig breeding industry. Many players have already announced reconstruction projects or are opening new cattle breeding complexes.

The pig breeding sector in Ukraine is experiencing a period of new industrialisation after a long decline. A variety of state programs have also played an important role in enhancing industry attractiveness for investors.

The decisions of the Cabinet of Ministers of Ukraine on investment compensation for agricultural sector have been in force for several years.

For the first time since 1990, Ukraine experiences an increase in cattle stock. The Prime Minister believes that a substantial increase in the number of cattle can be achieved in 5-7 years.

Ukraines increasing production market will be highlighted at Animal Farming Ukraine 2012, a three day event supported by the Ministry of Agrarian Policy.

The exhibition is taking place at the International Exhibition Center (IEC) in Kiev on the 31 October - 2 November 2012.

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