1. Monthly index
The Producer Price Index–Agriculture, which was 111.4 in March 2014, went down by 1.9% to 109.3 in June 2014. This drop was due to the combined effects of decreases of 0.9% and 1.9% in April and May respectively and a rise of 0.9% in June.
The index for “Sugar cane” for the period July 2013 to June 2014 has been revised from 90.4 to 86.7 based on the final price of sugar for the 2013 crop. This represents a decrease of 10.0% over the 2012 crop. It is assumed that the same price prevails during the whole of the crop year.
Other crop products
- In April 2014, the index for “Other crop products” declined by 6.7% mainly due to the combined effects of a decrease in the prices of fresh vegetables (-16.2%) and an increase in the prices of fruits and nuts (+19.4%).
- In May 2014, the index dropped by 11.0% largely as a result of decreases in the prices of fresh vegetables (-11.4%) and of fruits and nuts (-18.1%).
- In June 2014, the index rose by 4.8% mainly due to an increase in the prices of fresh vegetables (+7.9%).
Animals and animal products
- In April 2014, the index for “Animals and animal products” rose by 1.8% mainly due to increases in the prices of poultry (+1.6%) and eggs (+2.8%).
- In May 2014, the index registered a rise of 1.4% due to an increase in the prices of eggs (+6.5%).
- In June 2014, the index increased by 0.1% due to an increase in the prices of eggs (+0.3%).
2. Quarterly index
During the second quarter of 2014, PPI-A decreased by 3.5% compared to the previous quarter. This was mainly due to lower prices of fresh vegetables (-27.8%), partly offset by higher prices of animals and animal products (+2.6%).
Compared to the second quarter of 2013, the index dropped by 7.0%.
3. Yearly index
In 2013, producer prices of agricultural products were on average 3.2% higher compared to 2012.