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UK Farming Statistics


19 December 2013

UK October Agricultural Price Index - 19 December 2013UK October Agricultural Price Index - 19 December 2013

The price index for all outputs fell for the fifth month running by 1.5% in October, primarily due to a fall in potatoes and fresh fruit prices. Despite the recent falls, the index for outputs still remains 0.4% higher than the same time last year. The price index for all inputs also fell by 1.5% in October. This was the fourth consecutive month with a fall in the input index, which is now 0.8% lower 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 for the fifth month running by 1.5% in October, primarily due to a fall in potatoes and fresh fruit prices. Despite the recent falls, the index for outputs still remains 0.4% higher than the same time last year. The price index for all inputs also fell by 1.5% in October. This was the fourth consecutive month with a fall in the input index, which is now 0.8% lower than this time last year.

Outputs

Good progress with the potato harvest has seen their prices to continue to fall. Potato prices fell by 16% in October and are now 27% lower than the higher prices seen this time last year.

Increased supply of home grown top fruit has seen the prices drop by more than 20% in October. This has pushed the overall price for fresh fruit down by 16% and fresh fruit are now 17% lower than this time last year when supplies were tight due to the bad weather.

Milk prices increased for the fifth month running. Prices are now 15% higher than this time last year following a 1.6% rise in October.

Livestock prices are little changed on September. Cattle prices fell for the fourth consecutive month but are still 5% higher than this time last year. Both sheep and poultry prices recovered, by 2.3% and 5.2%, following the drop in prices seen in September.

Inputs

There has been little movement in input prices in October. The exception has been the 8.9% fall in fertiliser prices. The fall is on the back of lower global urea valuation and fertiliser prices are now 16% lower than this time last year.

December 2013

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