Producer Price Index - Agriculture (PPI-A)
First quarter 2013
1. Monthly index
The Producer Price Index–Agriculture, which was 107.8 in December 2012, went up by 9.6% to reach 118.2 in January 2013. This rise was due to the combined effects of increases of 6.4% and 3.4% in January and February respectively and a decrease of 0.3% in March 2013.
The index for “Sugar cane” for the period July 2012 to March 2013 was 92.0 based on the provisional price of sugar for the 2012 crop. This represents an increase of 4.8% over the 2011 crop. It is assumed that the same price prevails during the whole of the crop year. It is to be noted that the index may be revised at the end of June 2013 when the final price for the 2012 crop is available.
Other crop products
- In January 2013, the index for “Other crop products” increased by 29.7% mainly due to increases in the prices of fresh vegetables (+48.0%) and fruit and nuts (+17.6%), partly offset by a decrease of 3.0% in the prices of edible roots and tubers.
- In February 2013, the index went up by 12.6% largely as a result of an increase in the prices of fresh vegetables (+21.3%), partly offset by decreases of 11.2% in the prices of edible roots and tubers, and 2.0% in the prices of fruit and nuts.
- In March 2013, the index dropped by 1.7% mainly as a consequence of lower prices of fresh vegetables (-3.6%) and fruits and nuts (-2.9%) and an increase of 1.2% in the prices of stimulant and spice.
Animals and animal products
- In January 2013, the index for “Animals and animal products” rose by 2.7%. This was mainly due to increases in the prices of eggs (+10.2%) and poultry (+1.1%).
- In February 2013, the index went up by 1.8% due to increases in the prices of poultry (+2.1%) and eggs (+0.9%).
- In March 2013, the index increased by 0.3% due to an increase of 1.4% in the prices of eggs.
2. Quarterly index
During the first quarter of 2013, PPI-A increased by 8.8% compared to the previous quarter. This was due to higher prices of fresh vegetables (+62.4%), animals and animal products (+6.3%) and oilseeds and oleaginous fruits (+5.9%), partly offset by lower prices of edible roots and tubers (-5.2%) and fruit and nuts (-0.5%).
Compared to the first quarter of 2012, the index increased by 7.8%.
3. Yearly index
In 2012, producer prices of agricultural products were on average 2.9% higher compared to 2011.