Agricultural prices rose markedly in 2021

Data published by the Central Statistical Bureau (CSB) April 1 show that in 2021, compared to 2020, price index of agricultural output increased by 16.5 %, which was mainly due to a 22.4 % increase in the crop price index and a 7.8 % increase in the livestock price.

 

The average purchase price of cereals rose last year from EUR 164.94 per tonne in 2020 to EUR 192.88 in 2021, an increase of 16.9 %. The biggest price increases were for rye and barley, by 30.0 % and 28.7 %, respectively. Wheat, which accounts for 84 % of total grain purchases in 2021, increased by EUR 27.13 or 15.9 % to EUR 197.49 per tonne.

The average purchase price of rape seeds rose from EUR 358.75 per tonne in 2020 to EUR 475.30 in 2021, an increase of 32.5 %, the highest ever for rape seeds in Latvia.

The average purchase price for vegetables increased by EUR 125.98 per tonne, or 18.3 %, and for potatoes by EUR 15.89, or 11.6 %, compared to 2020.

 

In 2021, the average purchase price for beef rose sharply, from EUR 1 859.63 per tonne in 2020 to EUR 2 146.51 in 2021, or by 15.4 %.

There was also a significant price increase for mutton - of EUR 539.37 per tonne, or 15.7 %. In 2021, the average purchase price for poultry increased by EUR 158.32 per tonne or 8.4 %.

The average purchase price of milk rose from EUR 280.93 per tonne in 2020 to EUR 318.01 in 2021, an increase of 13.2 %, the highest ever price for milk in Latvia.

In the livestock sector, there was a decrease in the purchase price for pork only - by EUR 176.01 per tonne, or 11.9 %, to EUR 1 301.72; that is the lowest price in four years.

Compared to the previous year, the average purchase price of eggs increased by 0.7 % - from EUR 7.13 in 2020 to EUR 7.18 per 100 eggs in 2021.

Prices of main agricultural products (EUR/tonne)

 

2020

2021

Change, % (2021/2020)

Grain, total

164.94

192.88

16.9

wheat

170.36

197.49

15.9

rye

116.91

152.01

30.0

barley

142.70

183.63

28.7

Rape seeds

358.75

475.30

32.5

Pulses

214.38

250.23

17.0

Potatoes

136.73

152.62

11.6

Vegetables

686.87

812.85

18.3

Livestock (slaughter weight)

1,509.99

1,460.44

-3.3

cattle

1,859.63

2,146.51

15.4

pigs

1,477.73

1,301.72

-11.9

sheep

3,441.33

3,980.70

15.7

poultry

1,875.54

2,033.86

8.4

Milk

280.93

318.01

13.2

Eggs, EUR per 100 pieces

7.13

7.18

0.7

Seen a mistake?

Select text and press Ctrl+Enter to send a suggested correction to the editor

Select text and press Report a mistake to send a suggested correction to the editor

Related articles
Most important

Please be aware that the LSM portal uses cookies. By continuing to use this site, you agree that we may store and use cookies on your device. Find out more

Accept and continue