Agricultural prices

Increases in agricultural and horticultural indices

Agriculture & fishery
Increases in agricultural and horticultural indices

In June, the seasonal effect on the agricultural and horticultural price index usually results in a significant increase in the overall index. This year is no exception. The monthly change (between May and June) of the overall index amounts to 39.4 %, compared to 14.1 % in 2019 and 38.9 % in 2018.

To explain this increase, we must look at plant and horticultural products, although the price index for animals and animal products also rose (+3.4 %). In this early summer, the plant index is impacted by the arrival of early potatoes. However, the start of the season revealed higher producer prices than in previous years. At the same time, prices for strawberries pushed the fruit index upward, while the the vegetables index decreased, but to a lesser extent. Consequently, the horticultural index increased by 30.2 % between May and June.

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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