Sunflower profitability in 2017 stood at 41.3%

Sunflower production in the year 2017 was the most profitable in agricultural enterprises and amounted to 41.3%. Whereas the profitability of grain production was only 25% in 2017. This was informed by Yuri Lupenko, Director of the National Scientific Center Institute of Agrarian Economics, Academician of the National Academy of Sciences of Ukraine.

"As compared to 2016, the profitability of sunflower production decreased from 63.0% to almost 22%. Whereas in 2015 this indicator reached a historical maximum of 80.5% since 1996," the expert noted.

The highest level of sunflower production profitability was in Kyiv region — 68.1%. The indicator exceeded 50% in such regions as Vinnytsia, Mykolaiv and Ternopil.

"The high profitability of sunflower seed production is the key factor that determines the interest of agro-enterprises in this oilseed crop, and will be preserved in the future," Yuri Lupenko summed up.

Reference: the gross harvest of sunflower seeds in Ukraine in MY2018/19 is projected at 14.6 million tons. This volume exceeds the last year's result by 9% due to the growth of the areas under the oilseed crop (6.4 million hectares) and its productivity (2.3 tons/ha).