Czech agriculture sector sees sharp annual fall in profits

08-03-2016

The Czech agriculture sector saw a fall in profits of over 50 percent year-on-year in 2015, according to figures released by the Czech Agricultural Association on Tuesday. While the industry saw profits of CZK 19 billion in 2014, last year the figure stood at CZK 9 billion. The fall has been attributed to a decline in commodity prices that hit animal products, particularly milk and pork.