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UK Farming Statistics


15 August 2013

UK June Agricultural Price Index - 15 August 2013UK June Agricultural Price Index - 15 August 2013

The price index for all outputs fell by 1.1 per cent in June but remains 10 per cent higher than the same time last year. The price index for all inputs rose by 0.8 per cent in June and remains 5.4 per cent higher than this time last year.
UK Farming Statistics

The Agricultural Price Index (API) measures the monthly price changes in agricultural outputs and inputs for the UK. The output series reflects the price farmers receive for their products, also referred to as farm gate price. Information is collected for all major crops (for example wheat and potatoes) and on livestock and livestock products (for example sheep, milk and eggs).

The input series reflects the price farmers pay for goods and services. This is split into two groups: goods and services currently consumed; and goods and services contributing to investment. Goods and services currently consumed refer to items that are used up in the production process, for example fertiliser, or seed. Goods and services contributing to investment relate to items that are required but not consumed in the production process, such as tractors or buildings.

Key points

Figure 1: Agricultural price indices (2010=100)

The price index for all outputs fell by 1.1 per cent in June but remains 10 per cent higher than the same time last year. The price index for all inputs rose by 0.8 per cent in June and remains 5.4 per cent higher than this time last year.

Outputs

Early potato prices are showing an increase on last years prices, following similar trends to those seen for main crop potatoes.

Overall there was a slight increase in vegetable prices. Cauliflowers showed a 33 per cent increase in June due to limited supplies; Carrots showed a 17 per cent increase again due to limited supplies; these increases were offset by decreases in price for tomatoes; cabbages and lettuce which have all seen an increase in supply.

There was a slight rise of 2.6 per cent in animal and animal produce prices in June with poultry seeing a rise of 8.1 per cent. Animal and animal produce are 8.7 per cent higher than the same time last year.

Inputs

Fertiliser and soil improver prices still remain lower than last year, 8.4 per cent lower than June last year, despite straight fertilisers showing a slight increase in price June.

There is little change in the price of animal feeds which remain 15 per cent higher than the same time last year.

August 2013

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