Agricultural prices

The agricultural price index in December is 6.3% lower than last year

Agriculture & fishery
The agricultural price index in December is 6.3% lower than last year

The year 2023 closed with a 6.3% decrease in the overall agricultural index in December compared to December 2022.

This decrease mainly concerns agricultural products: -11.1%. The producer price index for horticultural products has increased by 11.5% compared to December 2022.

Over the year as a whole, prices remained on average at levels similar to 2022: the overall annual agricultural index rose by 1.6%. While the cereal index fell by 34.2% and the milk index by 20.9%, the index for horticultural products rose by 16.9% and that of pigs by 30.4%.

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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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