The producer price index in agriculture for the first quarter of 2024 decreased by 20.5% in comparison with the same quarter of 2023 as a result of a decrease in the price index of crop output - by 27.3% and in the index of animal output - by 2.1%.
Compared to the previous year, the prices of agricultural output decreased by 8.3%, as in crop output they decreased by 11.7% and in animal output they increased by 1.0%.
In crop output, in the first quarter of 2024, compared to the same quarter of 2023, the highest drop was recorded in the prices of cereals - by 30.0%. The trend also retained in comparison with 2023, with а decrease in cereals by 13.5%.
In animal output, in the first quarter of 2024 compared to the same quarter of 2023, the prices of live animals increased by 3.9%, while the prices of animal products output decreased by 7.8%. Compared to 2023, a decrease was registered in the prices of live animals - by 0.8%, while the prices of animal products output went up by 2.8%.
The agricultural consumer goods and services price index for the first quarter of 2024 decreased by 6.8% compared to the same quarter of the previous year and by 4.3% compared to 2023.
The biggest decrease compared to the corresponding quarter of 2023 was recorded in the prices of: mineral fertilizers - by 32.2% and animal feedingstuffs - by 8.1%.
Compared to the previous year, the biggest decrease was in the prices of: mineral fertilizers - by 17.8%, electricity - by 0.6%, and animal feedingstuffs - by 5.9%.
