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21 December 2022, 13:40

Belarusian agricultural sector generates more revenue

MINSK, 21 December (BelTA) – Belarusian agricultural sector has increased output and generated more revenue, Belarusian Deputy Prime Minister Leonid Zayats said at a joint sitting of the two chambers of the Belarusian parliament on 21 December, BelTA has learned.

"Positive trends in the agricultural sector continue this year. In January-November of 2022, the gross agricultural output in farms of all categories went up by 3.5%. This growth is projected to remain in place by the end of the year," Leonid Zayats. said

In January-November 2022, agricultural organizations and farms produced 7,051,000 tonnes of milk (up by 0.9% year-on-year), 566,000 tonnes of cattle, 369,000 tonnes of pork, 608,000 tonnes of poultry, and 2.7 billion eggs. “The grain harvest was good, enough to meet the domestic demand for rye and wheat flour, and also barley, buckwheat and oatmeal until the harvest of 2023 comes in," the deputy prime minister said.

Financial results have improved too. According to the statistics, in January-October 2022, revenue of agricultural organizations increased by 23% year-on year. Sales profit surged by 73%. Net profit increased by 50%. The return on sales was 9.7% against 6.9% in January-October 2021.

The number of struggling organizations has decreased, wages have increased. In January-October, nominal average monthly wages made up Br1182, up by 19% year-on-year.

"Food production has increased on the heels of growing agricultural output. In January-November of 2022, the index of physical volume for this type of activity amounted to 102.3%. Belarus has ramped up the production of staples: butter, cheese, cottage cheese and cottage cheese products, skimmed milk powder, meat and meat products, sausages. Production of flour, bread and flour confectionery products has exceeded last year's volumes," Leonid Zayats noted.

"Thanks to the state agrarian policy, Belarus ensures its food security and promotes exports. Our products are in demand, and this is confirmed by our place in the international ratings. Belarus is among the top 5 exporters of dairy products and the top 15 exporters of meat products," Leonid Zayats ummed up.

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