1. Monthly index
The Producer Price Index–Agriculture, which was 109.3 in June 2014, went down by 6.7% to 102.0 in September 2014. This drop was due to the combined effects of decreases of 5.4% and 4.2% registered in July and September respectively and a rise of 3.0% in August.
The index for “Sugar cane” for the period July to September 2014 was 76.7 based on the provisional price of sugar for the 2014 crop. This represents a decrease of 11.5% over the 2013 crop. It is assumed that the same price prevails during the whole of the crop year.
Other crop products
- In July 2014, the index for “Other crop products” declined by 0.8% mainly due to decreases in the prices of fresh vegetables (-1.1%) and fruits and nuts (-4.8%).
- In August 2014, the index went up by 18.8% largely as a result of increases in the prices of fresh vegetables (+29.8%) and of fruits and nuts (+6.2%).
- In September 2014, the index decreased by 16.7% mainly due to decreases in the prices of fresh vegetables (-24.9%) and fruits and nuts (-13.6%).
Animals and animal products
- In July 2014, the index for “Animals and animal products” dropped by 0.1% due to a decrease in the prices of deer (-4.1%), partly offset by higher prices of milk (+2.4%).
- In August 2014, the index registered a drop of 2.5% due to a decrease in the prices of eggs (-11.1%).
- In September 2014, the index decreased by 0.7% due to a decrease in the prices of eggs (-3.4%).
2. Quarterly index
During the third quarter of 2014, PPI-A decreased by 4.9% compared to the previous quarter. This was mainly due to lower prices of sugar cane (-11.5%), animal and animals products (-1.4%) and fruits and nuts (-17.5%), partly offset by higher prices of fresh vegetables (+8.8%).
Compared to the third quarter of 2013, the index dropped by 3.8%.
3. Yearly index
In 2013, producer prices of agricultural products were on average 3.2% higher compared to 2012.