Agricultural prices

Significant decrease in agricultural prices in November

Agriculture & fishery
Significant decrease in agricultural prices in November

The overall agricultural and horticultural price index decreased by 8.8 % between October and November 2020. On an annual basis, this is a decrease of 20.9 %.

Ware potatoes pull the index for (non-horticultural) plant products downwards. The tuber index has not exceeded 100 (reference year 2015) since July. Cereals somewhat offset these results, leading the index for plant products to finally fall by 13.5 % over the month and by 30.7 % compared to November 2019.

The index for horticultural products lost 17.8 % compared to October and 7.7 % compared to November 2019.

Finally, the index for animal products was the most stable in November compared to October (-4.7 %) but nevertheless fell by 22.9 % on an annual basis. It should be noted, however, that the indices for poultry and pigs continue to lose points at the end of 2020.

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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