Agricultural prices

The agricultural index increased by 7.7%

Agriculture & fishery
The agricultural index increased by 7.7%

In May, the overall agricultural index rose by 7.7% compared to the previous month. The horticultural index increased by 11.7% due to the increase in the indices of fruit and inedible horticultural products (flowers and plants). The agricultural index, which follows the evolution of cereals, root crops and animal breeding products, rose by 3.0%.

With regard to animal breeding products, the producer price of standardized milk has risen again since the beginning of the year; between January and May 2021, the index increased by 11.6%. The price level is finally approaching that of 2018 and 2019. The price index for animal production also rose due to price increases for adult cattle, pigs and chickens for roasting.

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Purpose and brief description

The agricultural price indexes (API) are above all used to analyze the evolution of prices and their impact on the agricultural income. The purpose of the price indexes is to provide information on trends in producer prices of agricultural products and purchase prices of the means of agricultural production. These indexes should allow comparing the trends between the member states and the European Union as well as between various products within a member state or the European Union. They should also facilitate the comparison between the trend of output prices and that of purchase prices of the means of agricultural production.

Population

Agricultural holdings active in Belgium during the reference period

Frequency

Monthly

Timing publication

Results available 45 days after the reference period

Definitions

Agricultural output price index :It is the agricultural output price index based on the sales of agricultural products delivered outside the agricultural sector.

Index of the purchase prices of the means of agricultural production : It is the index of purchase prices of the means of agricultural production to the exclusion of agricultural products as production means.

Average price of the agricultural and horticultural products : It is the average price received by the farmer when selling agricultural products.

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