1. Monthly index
The Producer Price Index–Agriculture, which was 95.8 in December 2015, went up by 10.3% to reach 105.7 in March 2016. This rise was due to increases of 3.7%, 4.6% and 1.7% in January, February and March respectively.
The index for “Sugar cane” for the period January to March 2016 was 71.2 based on the provisional price of sugar for the 2015 crop. This represents an increase of 2.4% over the 2014 crop. It is assumed that the same price prevails during the whole of the crop year.
Other crop products
- In January 2016, the index for “Other crop products” increased by 17.2% mainly due to increases in the prices of fresh vegetables (+31.0%) and fruits and nuts (+8.6%).
- In February 2016, the index went up by 21.7% largely as a result of increases in the prices of fresh vegetables (+36.5%) and fruits and nuts (+12.2%).
- In March 2016, the index rose further by 7.0% mainly due to the combined effects of an increase in the prices of fresh vegetables (+9.8%) and a decrease in the prices of fruits and nuts (-6.5%).
Animals and animal products
- In January 2016, the index for “Animals and animal products” increased by 0.8% mainly due to increases in the prices of eggs (+4.9%) and cattle (+2.1%), partly offset by lower prices of pigs (-16.0%).
- In February 2016, the index went down by 0.1% due to lower prices of eggs (-0.9%).
- In March 2016, the index increased by 0.2% due to higher prices of eggs (+1.3%).
2. Quarterly index
During the first quarter of 2016, PPI-A rose by 2.8% compared to the previous quarter. This was mainly due to higher prices of fresh vegetables (+50.4%), partly offset by lower prices of animal and animals products (-7.4%).
Compared to the first quarter of 2015, the index decreased by 9.3%.
3. Yearly index
In 2015, producer prices of agricultural products were on average 3.4% lower compared to 2014.