Price Indices in Agriculture, Fourth Quarter of 2023

The producer price index in agriculture for the fourth quarter of 2023 decreased by 20.5% in comparison with the same quarter of 2022 as a result of a decrease in the price index of crop output by 25.6% and an increase in the index of animal output by 1.5%.

Compared to the previous year, the prices of agricultural output decreased by 19.1%, as in crop output they decreased by 27.4% and in animal output they increased by 16.0%.

In crop output, in the fourth quarter of 2023, compared to the same quarter of 2022, the highest drop was recorded in the prices of cereals - by 33.3%. The trend also retained in comparison with 2022, with the decrease in cereals - by 32.2%.

In animal output, in the fourth quarter of 2023 compared to the same quarter of 2022, the prices of live animals increased by 7.7%, while the prices of animal products output decreased by 6.1%. Compared to 2022 an increase was registered in the prices of live animals - by 21.5%, as the prices of animal products output - by 9.5%.

The agricultural consumer goods and services price index for the fourth quarter of 2023 was lower by 2.3% compared to the same quarter of the previous year and by 7.6% compared to 2022.

The biggest decrease compared to the third quarter of 2022 was recorded in the prices of: mineral
fertilizers - by 15.9%, plant protection preparations - by 5.1% and animal feedingstuffs - by 3.9%.

Compared to the previous year, the biggest decrease was in the prices of: mineral fertilizers - by 42.8%, electricity - by 2.3%, and plant protection preparations - by 9.3%.