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Reducing the VAT rate to 14% on some types of agricultural products will bring the agricultural sector out of the shadow, create equal tax conditions and increase the working capital of agricultural producers. And this in turn will stimulate the agricultural sector development. This was emphasized by agricultural producers and called on the President to sign the draft law № 3656 adopted by the deputies as soon as possible. Reducing the...

The year ended with the weighted average price of three milk grades at the level 11.64 UAH/kg. This is reported by Volodymyr Andriyets, an analyst of the Association of Milk Producers. The cost of the extra grade averages UAH 12.15/kg, the highest — 1...

The Belarusian Universal Commodity Exchange (BUCE) said in 2020, 125,000 tons of raw cow’s milk in the higher and extra categories were sold through the exchange. The value of the milk sold was 119m BYN ($ 46.2m), which meant milk entered the top three most popular types of agricultural products on the stock exchange. Compared to 2019,...

According to a study conducted by analysts of IFCN, milk production may decline in 2021. The experts call the rise in feed prices, lower profits for farmers to be key factors for this, reports The DairyNews with reference to the results of the study. Analysts note that against the background of rising feed prices, the price of milk in 2021, after a slight decrease to $ 33 per 100 kg, will rise to $ 35. IFCN noted the...

Despite the difficult situation in 2020, the volume of milk production in the world this year amounted to 903 million tons, while in 2019 — 881 million tons. The growth of milk consumption amounted to 1.4 million tons. According to experts, this indicates a relatively stable result. General Director of the Analytical Agency GIRA...

The international analytical network IFCN presented a rating of the top 20 milk processors in the world during the webinar. In total, the 20 largest companies processed 210.6 million tons of raw milk in 2019. Dairy Farmers of America from the United States remains the largest milk processor — this company processed 29 million tons of milk — 200 thousand tons less than in&nbs...

In November growth is fixed at 25 kopecks on average. This is reported by Volodymyr Andriyets, an analyst of the Association of Milk Producers. In this case extra-grade milk price has risen by 25 kopecks, up to&...

A new wave of raw milk price increase is being recorded on the market. This time the growth of the average weighted price of three grades in a three-week period was solid — plus 43 kopecks — up to 10.67 UAH/kg. The incr...

During the time of the coronavirus pandemic and quarantine restrictions in Ukraine, in the second quarter of 2020 households spent about UAH 649.3 billion, which is 10.4% less than in the same period in 2019. The State Statistics Service announced this in its express release on September 21. In the second quarter, most of all Ukrainians spent on food and non-alcoholic drinks&nbs...

The Grand Chamber of the Constitutional Court of Ukraine (CCU) postponed the consideration of the joint application of 48 and 53 MPs on the constitutionality of the law liberalizing the land market in Ukraine since July 1, 2021, Ukrinform reports. As reported, the judges decided to adjourn the session because one of the participants of the proceedings — the presidential representative in the Constitutional Court Fedor Wenislawski did not...