1. Monthly index
The Producer Price Index–Agriculture, which was 99.3 in September 2016, went up by 2.5% to reach 101.8 in December 2016. The index decreased by 2.2% in October followed by successive increases of 0.5% and 4.3% in November and December respectively.
The index for “Sugar cane” for the period July to December 2016 was 98.2 based on the provisional price of sugar for the 2016 crop. This represents an increase of 18.0% over the 2015 crop. It is assumed that the same price prevails during the whole of the crop year.
Other crop products
- In October 2016, the index for “Other crop products” decreased by 1.5% mainly due to the combined effects of a decrease in the prices of fresh vegetables (-6.2%) and an increase in the prices of fruits and nuts (+2.4%).
- In November 2016, the index went up by 4.0% mainly due to increases in the prices of fresh vegetables (+5.3%) and fruits and nuts (+9.6%).
- n December 2016, the index increased by 15.3% mainly due to increases in the prices of fresh vegetables (+5.6%) and fruits and nuts (+51.7%).
Animals and animal products
- In October 2016, the index for “Animals and animal products” decreased by 3.6% due to decreases in the prices of poultry (-5.5%) and eggs (-3.1%), partly offset by higher prices of cattle (+10.0%).
- In November 2016, the index went down by 1.7% due to decreases in the prices of poultry (-1.7%) and eggs (-3.2%).
- In December 2016, the index increased by 0.9% due to the combined effect of higher prices of poultry (+2.9%) and lower prices of eggs (-6.0%).
2. Quarterly index
During the fourth quarter of 2016, PPI-A increased by 0.1% compared to the previous quarter. This was mainly due to higher prices of and fruits and nuts (+30.7%), partly offset by lower prices of fresh vegetables (-2.2%).
Compared to the fourth quarter of 2015, the index increased by 9.2%.
3. Yearly index
In 2016, producer prices of agricultural products were on average 4.5% higher compared to 2015.