The Producer Price Index–Agriculture, which was 111.0 in March 2012, dropped by 3.2% to 107.4 in June 2012. This drop was due to decreases of 1.6%, 1.0% and 0.6% in April, May and June respectively.
The index for “Sugar cane” for the period July 2011 to June 2012 has been revised from 87.6 to 87.8 in the light of the final price of sugar for the 2011 crop. This represents an increase of 18.5% over the 2010 crop. It is assumed that the same price prevails during the whole of the crop year.
Other crop products
- In April 2012, the index for “Other crop products” decreased by 5.4% mainly due to decreases in the prices of fresh vegetables (-5.5%) and fruits (-13.6%).
- In May 2012, the index dropped by 5.8% largely as a result of decreases in the prices of fresh vegetables (-5.8%).
- In June 2012, the index went down by 1.3% mainly as a consequence of lower prices of fresh vegetables (-5.1%), partly offset by a rise of 13.3% in the prices of fruits and an increase of 7.7% in the prices of root crops.
Animals and animal products
- In April 2012, the index for “Animals and animal products” went down by 1.4%. This was mainly due to decreases in the prices of eggs (-3.9%) and poultry (-0.8%).
- In May 2012, the index increased by 0.7% due to increases in the prices of eggs (+3.4%).
- In June 2012, the index dropped by 1.3% mainly as a consequence of decreases in the prices of eggs (-7.5%), partly offset by an increase of 18.1% in the price of deer.
2. Quarterly index
During the second quarter of 2012, PPI-A went down by 0.5% compared to the previous quarter. This was due to lower prices of animals and animal products (-2.0%), fruits (-22.8%) and root crops (-8.3%), partly offset by higher prices of fresh vegetables (+8.8%).
Compared to the second quarter of 2011, the index increased by 6.2%.
3. Yearly index
In 2011, producer prices of agricultural products were on average 5.2% higher compared to 2010.