TheDairySite.com - news, features, articles and disease information for the dairy industry

UK Farming Statistics


14 November 2013

UK September Agricultural Price Index - 14 November 2013UK September Agricultural Price Index - 14 November 2013

The price index for all outputs fell by 0.2 per cent in September and remains 1.3 per cent higher than the same time last year. The price index for all inputs fell by 0.9 per cent in September but remains 0.2 per cent higher than this time last year.
UK Farming Statistics

The Agricultural Price Index (API) measures the monthly price changes in agricultural outputs and inputs for the UK. The output series reflects the price farmers receive for their products, also referred to as farm gate price. Information is collected for all major crops (for example wheat and potatoes) and on livestock and livestock products (for example sheep, milk and eggs).

The input series reflects the price farmers pay for goods and services. This is split into two groups: goods and services currently consumed; and goods and services contributing to investment. Goods and services currently consumed refer to items that are used up in the production process, for example fertiliser, or seed. Goods and services contributing to investment relate to items that are required but not consumed in the production process, such as tractors or buildings.

Key points

Figure 1: Agricultural price indices (2010=100)

The price index for all outputs fell by 0.2 per cent in September and remains 1.3 per cent higher than the same time last year. The price index for all inputs fell by 0.9 per cent in September but remains 0.2 per cent higher than this time last year.

Outputs

Cereal prices continue to fall after the high prices seen last year. In September they fell by 2.0 per cent and are now 14 per cent lower than this time last year.

Oilseed rape fell by 6.4 per cent in September and is 15 per cent lower than this time last year, although the UK harvest is down on last year; global supply is pushing prices down.

A combination of drier domestic weather and doubts over eastern European output has tempered the slide in potato prices, although they still fell by 7.0 per cent in September.

Fruit prices fell 12 per cent in September and are 5.9 per cent lower than this time last year.

Livestock prices fell by 3.0 per cent in September but are still 3.7 per cent higher compared to this time last year. Sheep and lamb prices fell 9.3 per cent in September, supplies are plentiful while both home and export markets are subdued.

Milk prices rose by 3.0 per cent in September. Limitations in the supply of milk persist while competition for milk among processors for use in different products continues to keep prices high. Milk prices are now 20 per cent higher than this time last year.

Inputs

Fertiliser prices fell for the sixth consecutive month. Prices fell by 1.6 percent in September to be 10 percent lower than this time last year. Price falls reflect the drop in global urea valuations.

Straight animal feed fell by 3.3 percent in September for the fifth consecutive month, reflecting the falling prices in cereals. The fall in straight animal feed prices led to a fall in the overall animal feeding stuffs of 1.7 percent in September. There has been little change in the price of compound feeding stuffs.

 

 

November 2013

DOWNLOAD REPORT:- Download this report here

Our Sponsors

Partners


Seasonal Picks

British Field Crops 2nd edition