Agricultural prices

Agricultural prices rather stable in 2019

Agriculture & fishery
Agricultural prices rather stable in 2019

December marks the end of an agricultural year 2019 during which the overall producer price index remained rather stable compared to the previous year (116.45 compared to 117.38 in 2018).

The agricultural index has slightly increased, while the horticultural index has decreased by 5.47 %. Because of the declining prices for apples and pears, both at the end of the season 2018/2019 and at the beginning of the season 2019/2020, indices are well below the level of the reference year 2015.

Finally, in the animal sector, we observe an increase of the price index for pigs (+26.35 %).

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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