Be the first to comment!Agricultural output & input prices both down in the third quarter
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During the third quarter, producer prices for agricultural output and input prices went down by 6.7 and 1.4 per cent respectively when compared to the corresponding period last year, the National Statistics Office said today.
The producer price index for agricultural products decreased by 6.7 per cent, from 106.53 points in the third quarter of 2013 to 99.37 points in the corresponding quarter this year.
A slight decrease of 0.8 per cent was registered in the fresh vegetables price index, resulting from an increase in the supply of fresh vegetables. As a result, lower producer prices were recorded for cabbages (-44.4 per cent), watermelons (-24.8 per cent) and mushrooms (-17.7 per cent). Similarly, the price of potatoes dropped by 38.2 per cent over the comparative quarter last year as a result of an increase in the supply of this crop.
During the period under review, the fruit price index went down by 5.7 per cent. This was mainly due to a decrease in prices fetched for peaches (-27.6 per cent) as prices for grapes edged up by 0.2 per cent.
The animal slaughtering index dropped by 2.4 per cent as lower prices were registered for cows (-16.1 per cent), bulls (-10.2 per cent) and poultry (-7.0 per cent). The animal products index decreased by 12.1 per cent on account of lower producer prices received for milk (-10.9 per cent) and eggs (-15.8 per cent).
In the third quarter this year, the input price index for agriculture decreased by 1.4 per cent to 113.72 points.
The good and services index, which registers running costs movements, decreased by 2.0 per cent over the comparative period last year. This was mainly attributed to lower prices of animal feeding stuffs (-4.4 per cent) and motor fuels (-1.3 per cent). In contrast, prices for the maintenance of materials increased by 2.5 per cent.
The machinery and investment index went up by 1.3 per cent on account of higher prices paid for buildings (+1.6 per cent) and materials (+0.7 per cent).
