Agricultural prices

The overall agricultural producer price index decreases by 13.7%

Agriculture & fishery
The overall agricultural producer price index decreases by 13.7%

The agricultural producer price index decreases by 13.7% between July and August 2021. This evolution is mainly due to the fall of the producer price index for agricultural crop products (-46.5%). In August, the index for root crops is once again calculated based on ware potato prices instead of early potatoes prices. However, the index for these potatoes in July was higher than that for ware potatoes in August.

The index for animals and animal products decreases by 2.5%. Only calf (+6.9%) and milk prices (+0.8%) rise in this product group.

Finally, the horticultural index falls by 3.8%. The indices for vegetables and inedible horticultural products are rising but the fruit index is falling by 20.9% but remains higher than in August 2020 (177.36 in 2021 against 170.23 in 2020).

 

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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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