The producer price index in agriculture for the second quarter of 2024 decreased by 3.4% in comparison with the same quarter of 2023 as a result of a decrease in the price index of crop output - by 3.8% and in the index of animal output - by 3.0%.
In the second quarter of 2024 compared to the previous year, the prices of agricultural output decreased by 4.2%, as in crop output they decreased by 4.3% and in animal output they decreased by 4.1%.
In crop output, in the second quarter of 2024, compared to the same quarter of 2023, the most significant drop was recorded in the prices of cereals - by 18.0%. The trend also retained in comparison with 2023 (on an annual basis), with the decrease in cereals - by 15.0%.
In animal output, in the second quarter of 2024, compared to the same quarter of 2023, the prices of live animals decreased by 1.4% and the prices of animal products decreased by 4.7%. Compared to 2023 (on annual basis), a decrease was reported in the prices of live animals - by 1.8% as well as in the prices of animal products - by 6.6%.
The agricultural consumer goods and services price index for the second quarter of 2024 decreased by 5.0% compared to the same quarter of the previous year and by 4.6% 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 21.2% and animal feedingstuffs - by 9.5%.
Compared to the previous year, the biggest decrease was in the prices of: mineral fertilizers - by 16.6%, and animal feedingstuffs - by 8.0%.
