Producer Price Index - Agriculture (PPI-A)
Second quarter 2015
1. Monthly index
The Producer Price Index–Agriculture, which was 110.0 in March 2015, went down by 13.5% to reach 95.2 in June 2015. This drop was due to the combined effects of decreases of 4.5% and 10.0% registered in April and May respectively and a rise of 0.7% in June.
The index for “Sugar cane” for the period July 2014 to June 2015 was 69.5 based on the final price of sugar for the 2014 crop. This represents a decrease of 19.8% over the 2013 crop. It is assumed that the same price prevails during the whole of the crop year.
Other crop products
- In April 2015, the index for “Other crop products” declined by 17.6% mainly due to a decrease in the prices of fresh vegetables (-24.3%).
- In May 2015, the index dropped by 39.5% largely as a result of a decrease in the prices of fresh vegetables (-50.7%).
- In June 2015, the index rose by 4.4% mainly due to the combined effects of an increase in the prices of edible roots and tubers (+33.6%) and a decrease in the prices of fresh vegetables (-1.4%).
Animals and animal products
- In April 2015, the index for “Animals and animal products” increased by 2.4% mainly due to increases in the prices of eggs (+8.4%) and poultry (+1.0%), partly offset by lower prices of pigs (-8.9%).
- In May 2015, the index registered a rise of 1.0% due to an increase in the prices of eggs (+4.9%).
- In June 2015, the index rose by 0.1% due to higher prices of eggs (+0.2%).
2. Quarterly index
During the second quarter of 2015, PPI-A decreased by 10.9% compared to the previous quarter. This was mainly due to lower prices of fresh vegetables (-52.4%), partly offset by higher prices of animal and animals products (+3.0%).
Compared to the second quarter of 2014, the index dropped by 10.9%.
3. Yearly index
In 2014, producer prices of agricultural products were on average 8.0% lower compared to 2013.