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Farmgate prices up 1.2% y-o-y in April

Agricultural producer prices were up by 1.2% in April 2018 year-on-year. The main drivers were an increase of 3.1% in the price of crop products and a decrease of 2.4% in the price of live animals and animal products, the Central Statistical Office (KSH) reported.

In April 2018 compared to April 2017, cereal prices were up by 11%. Vegetables prices were 8.7% lower, within which the price of potatoes decreased by 25%. Concerning the latter product, it was the procurement price that decreased significantly, due to a growth in procurement in the food (processing) industry.

The price of live animals was lower, by 5.2%, while animal product prices were up by 3.9%. The price of pigs for slaughter fell by 14%.

Milk prices were 1.1% and eggs prices 10% higher, the latter increase 7 percentage points lower compared to the increase measured in the previous month.

In January–April 2018 compared to the first four months of the previous year, agricultural producer prices rose by 1.1%, within which the price of crop products was up 1.2%, and that of live animals and animal products by 0.9%.

The price of pigs for slaughter went down by 8.9% in the first four months. The procurement price increased in the first three months of the year, before falling again in April.

Agricultural producer prices for May 2018 will be published by the KSH on July 12.