The producer price index in agriculture for the third quarter of 2024 decreased by 1.9% in comparison with the same quarter of 2023 as a result of а decline in the price index of crop output - by 1.4% and in the index of animal output - by 3.9%.
In the third quarter of 2024, compared to the previous year, the prices of agricultural output went down by 7.1%, as in crop output they decreased by 7.6% and in animal output they fell by 5.0%.
In crop output, in the third quarter of 2024, compared to the same quarter of 2023, the most significant drop was recorded in the prices of cereals - by 7.4%. The trend was also retained on an annual basis compared to 2023, with a decrease in cereals - by 14.3%.
In animal output, in the third quarter of 2024, compared to the same quarter of 2023, the prices of live animals went down by 7.9%, while prices for livestock products increased by 0.1%. Compared to 2023 (on an annual basis), a decrease was reported in the prices of live animals - by 4.4% as well as in the prices of animal products - by 5.6%.
The agricultural consumer goods and services price index for the third quarter of 2024 decreased by 1.1% compared to the same quarter of the previous year and by 4.3% compared to 2023 (on an annual basis).
The biggest decrease, compared to the corresponding quarter of 2023, was recorded in the prices of: mineral fertilizers - by 3.3%, and of animal feedingstuffs - by 3.9%.
Compared to the previous year, the most significant decline was in the prices of: mineral fertilizers - by 17.9%, and of animal feedingstuffs - by 6.7%.
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