Agricultural prices

Improvement of the overall agricultural output price index

Agriculture & fishery
Improvement of the overall agricultural output price index

While the last months have been difficult for the pig farming sector, the situation has finally improved with an increase of the pig price index exceeding for the first time since September the basic level (2015=100). The output price index for pigs (live animals) has reached 118.23 points in March, i.e. a rise of 29.7 % compared to the previous month. In general, the price index for animal products has developed positively. We also note a price increase for eggs (+10.6 % compared to February for brown eggs) and for poultry.

The horticultural index, on the other hand, has decreased. More specifically, pear prices have plummeted since the beginning of the season, reaching a new low with an index of 56.60 in March.

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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