Agricultural producer prices down by 4.7%
Agricultural producer prices were down by 4.7% in December 2016 compared to the corresponding period of 2015, which was made up of a 12% decrease in the prices of crop products and an 8.4% rise in the prices of live animals and animal products. The procurement price of milk has increased since July 2016.
In December 2016 compared to December 2015:
Cereals prices were cut by 14%.
The price of fruits decreased by 1.1%, that of vegetables by 4.7% and the price of potatoes by one-fifth.
The producer price level of live animals rose by 8.4% and that of animal products by 8.5%.
The procurement price of milk has risen since July, equalling 90 forints/litre in December. This represents a price rise of 36% over 5 months, which corresponds to the price level at the beginning of 2015.
The price of pigs for slaughter was up by 26%, so it reached the highest price level in the last two years, but even so remained below the average price in 2013.
The price of chickens for slaughter was reduced by 2.7% over a year.
In January–December 2016 compared to the same period of the previous year:
Agricultural producer prices diminished by 3.8%. Within this, the prices of crop products were cut by 5.7% and those of live animals and animal products by 0.6%.
Vegetables prices were down by 2.7% and fruits prices by 4.3%.
The price of pigs for slaughter increased by 5.2%.
The rise of milk prices in the past few months could not compensate for the decrease at the beginning of 2016, so the price of milk lessened by 6.2% at an annual level.
The prices of agricultural production means were 1.5% lower, which resulted from a 2.1% decrease in the price level of goods and services currently consumed in agriculture and a 1.9% rise in the price level of goods and services contributing to agricultural investment.
The decline in the price level of goods and services currently consumed in agriculture was made up of reductions of 11% in fertiliser prices, 6.1% in energy and lubricant prices and 1.3% in animal feedingstuffs prices and increases of 1.4% in plant protection product prices and 1.6% in the prices of veterinary medicinal products.
Within the price level of goods and services contributing to agricultural investment, prices in investments in buildings were 3.2% and those in investments in machinery and equipment 1.1% higher.
The value of the terms of trade (the agricultural producer price index divided by the agricultural input price index) was 97.7%.