Agricultural prices

Increase in agricultural output prices in March

Agriculture & fishery
Increase in agricultural output prices in March

The overall index for agricultural and horticultural products increased by 5.2 % in March compared to the previous month and by +9.5 % compared to March 2019.

The price index for cereals, animals and animal products remains relatively stable compared to February. The main variations are observed in the horticultural sector. For vegetables, producer prices have sharply increased in the second half of the month. Increases in chicory and leek prices, in particular, are pushing the vegetable index to 66.9 % above the February 2020 level.

Finally, it should also be noted that, since mid-March, due to a lack of transactions, there are no longer any quotation on the free market for potatoes. Prices and indices were calculated based on the latest quotations at the beginning of the month.

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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