Farmgate prices flat in June
Agricultural producer prices overall remained unchanged in June 2018 compared to June 2017, resulting from an increase of 3.5% in the average price of crop products and a decline of 5.6% in prices of livestock and animal products, the Central Statistical Office (KSH) reported on Tuesday.
In June 2018 compared to June 2017, cereal prices were up by 12.7%, while the price of fruit fell by 19.5%. Vegetable prices rose 4.6%, within which potatoes became 34% dearer.
The average price of livestock was down by 7.9% year-on-year, and that of animal products by 0.4%. The price of pigs for slaughter was 18% lower. Egg prices rose by 1.8%.
In January–June 2018, compared to the first half of 2017, agricultural producer prices in total were unchanged, within which the average price of crop products went up by 1.0%, while prices of livestock and animal products fell by 1.7%.
The price of vegetables decreased by 1.7%, while that of fruit went up by 2.8% in the first half. Potato prices were 13% lower.
The price of pigs for slaughter fell by 13% in January-June, year-on-year. Milk became 2.8% and eggs 13% more expensive.
Input prices of agricultural production were 2.3% higher in the first half of 2018, resulting from a 1.9% increase in the price level of intermediate consumption and a 5.5% rise in the price level of agricultural investments.
Animal foodstuff prices increased by 4.2%, while fertilizer prices were 2.1% lower.
The value of the terms of trade (the agricultural producer price index divided by the agricultural input price index) was 97.8%. Farmersʼ terms of trade thus deteriorated by 2.2%.
Agricultural producer prices for July 2018 will be published on September 14.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.