Agricultural prices up sharply in 2017

The data compiled by the Central Statistical Bureau (CSB) show that in 2017, the total price index of agricultural output increased by 11.6 %, which was mainly due to a rise in prices of livestock products of 25.8 %. The price index of crop products grew more modestly, by 2.2 %.

The data compiled by the Central Statistical Bureau (CSB) show that in 2017, the total price index of agricultural output increased by 11.6 %, which was mainly due to a rise in prices of livestock products of 25.8 %. The price index of crop products grew more modestly, by 2.2 %.

"Increases in the price index of livestock products mainly was affected by a significant rise in milk prices. The average purchase price of milk rose by 42.6 % – from 215 EUR/tonne in 2016 to 306 EUR/t in 2017. In 2016, the lowest purchase prices of milk since 2010 were recorded," the CBS said.

Compared to 2016, in 2017 the average purchase price of meat grew by 2.5 % – from 1,492 EUR/t to 1,529 EUR/t. The most notable increase was recorded in purchase prices of beef and veal – of 11.5 %, reaching 1,782 EUR/t, while the average purchase price of pork rose by 7.0 % and of mutton by 1.3 %, constituting 1,504 EUR/t and 3,400 EUR/t, respectively. The average purchase price of poultry fell by 0.5 % – from 1,689 EUR/t to 1,681 EUR/t.

The average purchase price of eggs went up from EUR 6.25 to EUR 7.15 per 100 eggs or by 14.4 %, compared to 2016.

Compared to 2016, in 2017 the average purchase price of grain grew from 132.3 EUR/t to 143.6 EUR/t. Rises in the average purchase price of grain (8.6 %) were influenced by higher grain quality.

Compared to the year before, a marked increase was also registered also in prices of vegetables as well as fruit and berries – by 29.2 % and 22.9 %, respectively.

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
Economy
Economy