Ukraine agricultural production cost shrinks by 6.7% in Jan-July

The cost of production of crop products fell by 7.5%, while that of livestock production declined by 3.5%.

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The expenses for agricultural production in Ukraine in January-July 2020 shrank by 6.7% year-over-year (y-o-y).

Read alsoUkraine sees agricultural output drop by 11.2% in Jan-JulyAt the same time, the cost of production of crop products fell by 7.5%, while that of livestock production declined by 3.5%, according to the State Statistics Service.

The costs of material and technical resources of industrial origin used in agricultural production decreased by 11.3% in the seven months of 2020 y-o-y.

Expenses for agricultural production in 2019

The cost of agricultural production in Ukraine in 2019 dropped by 0.6% from 2018.

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