1. Monthly index
The Producer Price Index–Agriculture, which was 103.2 in December 2017, went up by 3.2% to reach 106.5 in March 2018. The index decreased by 3.0% in January, increased by 6.4% in February and remained unchanged in March.
The index for “Sugar cane” for the period January to March 2018 was 69.5 based on the provisional price of sugar for the 2017 crop. This represents a decrease of 29.4% over the 2016 crop. It is assumed that the same price prevails during the whole of the crop year.
Other crop products
- In January 2018, the index for “Other crop products” increased by 7.7% mainly due to increases in the prices of fresh vegetables (+44.9%) and edible roots and tubers (+16.3%).
- In February 2018, the index went up by 13.4% mainly due to increases in the prices of fresh vegetables (+38.6%) and edible roots and tubers (+22.2%).
- In March 2018, the index fell by 0.5% mainly due to a decrease in the prices of fruits and nuts (-24.3%) partly offset by an increase in the prices of fresh vegetables (+3.7%).
Animals and animal products
- In January 2018, the index for “Animals and animal products” went down by 16.5% due to a decrease in the prices of poultry (-24.8%), partly offset by higher prices of goat (+4.0%).
- In February 2018, the index remained unchanged.
- In March 2018, the index decreased by 0.5% due to a decrease in the prices of eggs (-2.5%).
2. Quarterly index
During the first quarter of 2018, PPI-A increased by 5.4% compared to the previous quarter. This was due to higher prices of fresh vegetables (+89.0%), partly offset by lower prices of Animals and animal products (-14.7%).
Compared to the first quarter of 2017, the index increased by 2.7%.