Agricultural prices

4.3% decrease in the agricultural output price index

Agriculture & fishery
4.3% decrease in the agricultural output price index

The overall agricultural output price index for April 2024 has decreased by 4.3% compared to April 2023.

Vegetables record the biggest fall, i.e. -35.2%, with a decrease of 42.7% for tomatoes, of 19.3% for lettuces under glass, of 17.6% for asparagus and of 14.6% for leeks.

The output price index of cereals has decreased by -20.9% compared to April 2023.

Price indices also fell by 3.2% for animals and by 2.3% for animal products. The latter index is dragged down by egg prices, which fall by 25.2%.

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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