1. Monthly index
The Producer Price Index–Agriculture, which was 120.8 in March 2013, went down by 2.3% to reach 118.0 in June 2013. This drop was due to decreases of 0.2%, 1.0% and 1.2% in April, May and June respectively .
The index for “Sugar cane” for the period July 2012 to June 2013 has been revised from 92.0 to 96.3 based on the final price of sugar for the 2012 crop. This represents an increase of 9.7% over the 2011 crop. It is to be noted that the same price prevailed during the whole of the crop year.
Other crop products
- In April 2013, the index for “Other crop products” decreased by 1.8% mainly due to a decrease in the prices of fresh vegetables (-8.4%), partly offset by an increase of 44.7% in the prices of fruit and nuts.
- In May 2013, the index went down by 4.2% largely as a result of a decrease in the prices of fresh vegetables (-5.4%), partly offset by an increase of 15.0% in the prices in the prices of fruit and nuts.
- In June 2013, the index dropped further by 6.5% mainly as a consequence of lower prices of fresh vegetables (-15.7%), partly offset by a rise of 16.4% in the prices of fruits and nuts.
Animals and animal products
- In April 2013, the index for “Animals and animal products” rose by 1.1%. This was mainly due to increases in the prices of poultry (+1.0%) and eggs (+1.9%).
- In May 2013, the index remained unchanged.
- In June 2013, the index went up by 0.7% mainly due to an increase of 4.2% in the prices of eggs.
2. Quarterly index
During the second quarter of 2013, PPI-A decreased by 0.4% compared to the previous quarter. This was mainly due to lower prices of fresh vegetables (-14.0%), partly offset by higher prices of fruits and nuts (+66.9%) and animals and animal products (+2.1%).
Compared to the second quarter of 2012, the index increased by 10.1%.
3. Yearly index
In 2012, producer prices of agricultural products were on average 4.0% higher compared to 2011.