Producer Price Index - Agriculture (PPI-A) - 1st Quarter 2024

Highlights​    

(Base period year 2018 = 100)

1. Monthly index

​​Overall index

• ​  - PPI-A, which was 176.4 in December 2023, increased by 14.7% to reach 202.4 in March 2024. The monthly changes were as follows: January (+8.8%), February (+10.1%) and March (-4.2%).
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  Sugar cane
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•  - The index for the period July 2023 to March 2024 was 267.8 based on the forecasted price of sugar for the crop year 2023-2024. This represents an increase of 1.7% over the price of sugar for the crop year 2022-2023.

Other crop products

• - The index for "Other crop products" which was 148.8 in December 2023, increased by 48.4% to reach 220.8 in March 2024, mainly due to increases in the prices of fresh vegetables (tomato, creepers and other fresh vegetables) (+97.6%), partly offset by decreases in the prices of fruits and nuts (pineapple) (-20.2%).

Animals and animal products

• - The index for the sub-group "Animals and animal products" which was 154.2 in December 2023, increased by 1.5% to reach 156.5 in March 2024, due to increases in the prices of eggs (+7.3%) and cattle (+1.0%).  

  2. Quarterly index

• ​- The overall index for the first quarter of 2024 increased by 17.0% when compared to the previous quarter and increased by 16.3% when compared to the corresponding quarter.
  
   
  

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   22 May 2024

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