Price Indices in Agriculture, Second Quarter of 2023

The producer price index in agriculture for the second quarter of 2023 decreased by 6.4% in comparison with the same quarter of 2022 as a result of a decrease in the price index of crop output by 19.5%, while the index of animal output increased by 14.8%.

Compared to the previous year, the prices of agricultural output decreased by 4.8%, as in crop output they decreased by 15.8% and in animal output they increased by 12.9%.

In crop output, in the second quarter of 2023, compared to the same quarter of 2022, the highest drop was recorded in the prices of industrial crops by 32.1%. The trend also remained in comparison to 2022, with a decrease in industrial crops of 24.0%.

In animal output, in the second quarter of 2023, compared to the same quarter of 2022, the prices of live animals increased by 19.6%, and animal product output increased by 9.3%. Compared to 2022, the increase was 18.8% and 6.0%, respectively.

The price index of products and services for current consumption in agriculture for the second quarter of 2023 was lower by 6.1% compared to the same quarter of the previous year and by 5.1% compared to 2022.

The biggest increase compared to the second quarter of 2022 was recorded in the prices of: seed and planting material - 18.0%, animal feedingstuffs - 9.2%, and veterinary expenses - 7.4%.

Compared to the previous year, the biggest increase was in the prices of: seed and planting material - 11.6%, animal feedingstuffs - 8.4%, and veterinary expenses - 6.8%.