Farmgate prices climb 13% in Q1
Farmgate prices rose 13% in the first quarter 2021, outpacing the 7.3% increase in input prices, state news wire MTI reports, citing data published by the Central Statistical Office (KSH).
Farmgate prices of crops climbed 25%, while prices of live animals and animal products fell 7.9%.
Grain prices jumped 32%.
Prices of live animals fell 13% with hog prices down 29%.
Among input prices, feed prices climbed 19%, the price of fertilizers rose 4.6%, the price of pesticides increased 4.6% and the price of veterinary products were up 4.9%. Prices of energy and lubricants rose 2.4% with fuel prices up 3.4%.
Within the prices of agricultural investments, prices of building investments rose 6.8% and prices of machinery investments were up 7.5%.
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