1. Monthly index
The Producer Price Index–Agriculture, which was 92.0 in December 2018 increased by 7.3% to reach 98.7 in March 2019. This rise was due to the combined effects of increases of 6.4% and 4.3% in January and February respectively, and a decrease of 3.3% in March.
The index for “Sugar cane” for the period July 2018 to March 2019 was 55.6 based on the provisional price of sugar for the 2018 crop. This represents a decrease of 17.9% over the 2017 crop. It is assumed that the same price prevails during the whole of the crop year.
Other crop products
- In January 2019, the index for “Other crop products” went up by 20.3% mainly due to increases of 34.2% in the prices of fresh vegetables (brinjal, carrot and tomato) and 12.3% in the prices of flowers and ornamental plants.
- In February 2019, the index rose by 11.7% mainly due to increases of 29.1% in the prices of fresh vegetables (beans and tomato) and 24.3% in the prices of oilseeds and oleaginous fruits, partly offset by 13.1% decrease in the prices of fruits and nuts.
- In March 2019, the index fell by 9.0% mainly due to decreases of 25.6% in the prices of oilseeds and oleaginous fruits, 18.0% in the prices of fruits and nuts and 10.1% in the prices of fresh vegetables (creepers and other fresh vegetables), partly offset by an increase of 15.6% in the prices of Other root crops.
Animals and animal products
- In January 2019, the index for “Animals and animal products” went down by 1.7% due to decreases in the prices of pigs (-10.5%) and poultry (-2.3%), partly mitigated by an increase in the prices of milk (+7.2%).
- In February 2019, the index decreased by 0.8% due to a decrease in the prices of eggs (-4.8%).
- In March 2019, the index rose by 1.2% due to an increase in the prices of eggs (+6.9%).
2. Quarterly index
During the first quarter of 2019, PPI-A increased by 6.2% compared to the previous quarter. This was due to increases in the prices of “Fresh vegetables” (+34.6%) and “Edible roots and tuber” (+14.4%), offset by lower prices of “Stimulant & spice” (-6.5%), “Oilseeds and oleaginous fruits” (-5.0%) and “Animals & animal products” (-1.7%).
Compared to the first quarter of 2018, the index decreased by 10.1%.