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Prices will go up
27.12.2011 15:19 "Agro Perspectiva" (Kyiv) —
The National Bank of Ukraine forecasts for 2012 acceleration of inflation to 7%, although the consumer market is expected to complete the outgoing year with a five-percent rise in the prices of goods and services. Such a low forecast may come true in 2012 only if the government ensures Russian gas price reduction and the harvest is as good as this year, according to the Kommersant Ukraine.
NBU’s forecast is more optimistic than the government’s assessments. The state budget for 2012 was developed with an increase in prices by 7.9%. However, having reduced the GDP growth forecast for 2012 from 5% to 3.9%, the Cabinet has not changed the inflation forecast. The appearance of a positive forecast is due to the current low inflation. The government in 2011 pledged to keep inflation at a level no higher than 8.9%, but in 11 months prices rose by only 4.4%. This enabled the Cabinet to begin to focus on braking inflation to 5%, for which goods in December got only 0.5% more expensive. This will be a record annual rate since 2002 (when prices fell by 2.4%). However, experts do not tend to expect inflation fall in 2012. Next year there may be no factors securing the current low inflation: a good harvest and the lack of a significant increase in tariffs for housing and utility services. Utility services make 10.6% of the consumer price inflation. The largest share in the structure of inflation belongs to food products (53.5%). Due to the high yield, which has lowered the cost of fruits and vegetables (5.1% and 3.4% shares, respectively), in January-November food prices rose by only 1.5%. «Given the imperfection of Ukrainian storage facilities, in early 2012 price growth will resume, and its dynamics in the second half of the year depends on the next harvest,» the head of the analytical department with the TASK investment group, Andriy Shevchyshyn, says.
19.02.2025 |
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10:43 |
“Bold investments” needed to address challenging nutritional burden in Africa, FAO says |
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07:13 |
Green Climate Fund greenlights two major FAO-led projects to strengthen climate resilience in Kenya and Serbia |
12.02.2025 |
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10:01 |
China Corn Imports Fall on Weaker Domestic Demand |
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09:06 |
China’s Imported Oilseed Meal Supplies Shift Slightly to Mid-Protein Meals |
08.02.2025 |
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18:20 |
Cereal stocks set to decline in 2024/25 due to anticipated reductions in wheat and maize inventories |
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18:00 |
FAO Food Price index declined in January 2025, mostly due to lower sugar, vegetable oil and meat prices |
06.02.2025 |
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16:28 |
Ukraine considers SCZone site for food hub in Egypt – ministry |
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16:16 |
Since the beginning of 2025, 549 agricultural enterprises have received UAH 2.3 billion under the Affordable Loans at 5-7-9 programme published |
03.02.2025 |
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23:55 |
Ukraine's Ministry of Agrarian policy allocates sugar export quotas to EU |
31.01.2025 |
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17:20 |
Global orange production for 2024/25 is forecast down 662,000 tons to 45.2 MT |
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17:15 |
Argentina Lemon/Lime Exports Continue to Decline |
24.01.2025 |
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16:38 |
Ukraine’s agricultural sector earned $24.5 bln in 2024, setting second historical record |
23.01.2025 |
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15:46 |
Eurobarometer survey shows strong support for the Common Agricultural Policy (CAP) |
22.01.2025 |
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20:54 |
Since the beginning of 2025, 117 agricultural enterprises have received UAH 318.7 million under the Affordable Loans at 5-7-9 programme |
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20:43 |
Ukrainian agricultural land needs to be cleared and returned to circulation as soon as possible |
21.01.2025 |
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21:45 |
A groundbreaking new study, “Governance and resilience as entry points for transforming food systems in the countdown to 2030”. Key Findings |
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21:37 |
Nitrogen use efficiency must be improved to reduce harm to human and environmental health |
11.01.2025 |
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11:16 |
Russia Grain Export Quota to Curb Wheat Exports in 2025 |
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09:12 |
Iraq Emerges as a Soybean Importer |
08.01.2025 |
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22:13 |
FAO Food Price Index dips during the month of December |
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18:49 |
FAO calls for urgent action to address widening famine in Sudan |
22.12.2024 |
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05:26 |
FAO transfers 185 generators, 6,474 grain hoses to Ukrainian farmers in 2024 |
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03:53 |
The EU agri-food trade surplus increased by 15% in September 2024, reaching EUR 6 billion |
19.12.2024 |
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09:05 |
World coffee production for 2024/25 is forecast 6.9 million bags higher |
18.12.2024 |
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23:11 |
China’s Expanding Coffee Consumption |
17.12.2024 |
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22:37 |
Bangladesh Soybean Import Recovery Expected to Continue |
14.12.2024 |
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21:03 |
World apple production for 2024/25 is forecast to fall nearly 350,000 tons to 84.0 million |
13.12.2024 |
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09:11 |
U.S. Fresh Pear Exports Fall on Historically Low Harvest |
10.12.2024 |
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21:03 |
Indonesia Grain Imports to Subside after 2023/24 Record |
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08:14 |
Higher vegetable oil quotations drive up FAO Food Price Index, but lower cereal and sugar prices temper the rise |
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07:45 |
Cereal trade revised downwards amid weaker demand |
02.12.2024 |
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23:17 |
Prime Minister: Some 50 partner countries have joined the humanitarian demining coalition |
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22:56 |
Norway pledges additional $4.5 mln to Ukraine's Grain from Ukraine initiative |
01.12.2024 |
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03:30 |
EU agri-food trade slowed down in August 2024 |
26.11.2024 |
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00:06 |
Global sugar production, compared to last year, is estimated up 2.8 million tons to 186.6 million |
24.11.2024 |
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04:43 |
During the Operation of Our Grain From Ukraine Program, We Have Managed to Save 20 Million People from Hunger – Zelenskyy |
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04:15 |
Ukraine Is Ready to Share Technologies, Military Experiences and Processing Methods with African Countries – the President |
22.11.2024 |
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10:15 |
South Africa Sugar Production and Exports Estimated Down |
19.11.2024 |
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23:04 |
Global Olive Oil Production Forecast to Rebound in 2024/25 |
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22:47 |
Vitalii Koval discusses Ukraine's European integration with European colleagues |
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16:06 |
EBRD, European Union and United States help Kyiv prepare for winter |
18.11.2024 |
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09:21 |
Agriculture Development Strategy 2030 – a roadmap to the EU |
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09:19 |
Ukrainian farmers have sown 96% of projected winter crop area |
01.11.2024 |
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20:31 |
Ukraine has officially joined the International Fund for Agricultural Development |
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20:29 |
Ukrainian farmers harvested 63.7 million tonnes of grains and oilseeds |
25.10.2024 |
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22:50 |
Agriculture hit hard: October port strikes rack up 30-40 million dollars in losses |
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21:04 |
Ministry of Agrarian Policy expects exports to rise in dollar terms |
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10:57 |
Ukrainian corn seed flows to Europe in further farm trade shift |
24.10.2024 |
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23:02 |
Tree Nut Import Markets Highly Concentrated |
23.10.2024 |
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11:18 |
Prime Minister UK warns Russian threat to global stability is accelerating as Putin ramps up attacks on Black Sea |
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