1. Monthly index
The Producer Price Index–Agriculture, which was 109.2 in December 2013, rose by 3.9% to 113.5 in March 2014. This rise was due to the combined effects of increases of 3.6% and 6.0% in January and February respectively and a decrease of 5.3% in March.
The index for “Sugar cane” for the period July 2013 to March 2014 was 90.4 based on the provisional price of sugar for the 2013 crop. This represents a decrease of 6.1% over the 2012 crop. It is assumed that the same price prevails during the whole of the crop year.
Other crop products
- In January 2014, the index for “Other crop products” increased by 19.6% mainly due to increases in the prices of fresh vegetables (+30.4%) and fruits and nuts (+34.7%).
- In February 2014, the index rose by 27.9% largely as a result of increases in the prices of fresh vegetables (+40.0%) and of fruits and nuts (+16.3%).
- In March 2014, the index declined by 20.2% mainly due to a decrease in the prices of fresh vegetables (-24.9%).
Animals and animal products
- In January 2014, the index for “Animals and animal products” dropped by 0.5% mainly due to a decrease in the prices of eggs (-4.2%), partly offset by higher prices of poultry (+0.5%).
- In February 2014, the index remained unchanged.
- In March 2014, the index decreased by 0.2% due to decreases of 0.5% in the prices of eggs.
2. Quarterly index
During the first quarter of 2014, PPI-A increased by 5.0% compared to the previous quarter. This was mainly due to higher prices of fresh vegetables (+39.6%) and fruits and nuts (+26.3%).
Compared to the first quarter of 2013, the index decreased by 3.3%.
3. Yearly index
In 2013, producer prices of agricultural products were on average 4.1% higher compared to 2012.