Agricultural prices

18.1% increase of the plant index in February 2021

Agriculture & fishery
18.1% increase of the plant index in February 2021

In February, the main agricultural and horticultural price indices increased in comparison with the previous month.

The plant index increased by 18.1%. Cereal prices remained at a high level in comparison with the previous years and ware potato prices returned to a level similar to October 2020. The prices of these tubers on the free market remain, however, well below those of the reference year 2015.

The index for animals, which also includes animal products, increases by 4.2%: the increase is observed for all products except for bovine animals.

Finally, there is in February a monthly growth of 9.1% for horticultural products due to the increase of the index for inedible horticultural products (flowers and plants).

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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