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UK Farming Statistics


13 February 2014

UK December Agricultural Price Index - 13 February 2013UK December Agricultural Price Index - 13 February 2013

The price index for all outputs rose by 1.3% in December and is now 4.5% lower than the same time last year. The price index for all inputs rose by 1.9% in December and is now 3.1% lower 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

The price index for all outputs rose by 1.3% in December and is now 4.5% lower than the same time last year. The price index for all inputs rose by 1.9% in December and is now 3.1% lower than this time last year.

The annual price index represents the average price for the whole year. The annual index for outputs rose by 5.7% when compared to 2012 while the annual index for inputs rose by 2.9% compared to 2012.

Output

Milk prices fell for the first time in 6 months but are still 14% higher than the same time last year. Fresh vegetable prices rose by 12% during December, mainly due to increased cauliflower prices where supplies where short. Fresh fruit prices rose by 6.1% during December. The rise in fresh fruit is largely due to a price increase in cooking apples due to reduced supplies and strong demand.

The annual index for outputs has risen 5.7% compared to 2012. The annual potato price index was 28% higher than in 2012. This was due to the weather affected harvested in 2012 which led to high prices as supplies were low. Following a better harvest in 2013 prices returned to normal. A similar picture was seen for many of the crops with higher prices at the start of the year when supplies were low. The annual animal product index was 12% higher than in 2012 due to the increased prices for milk, eggs and wool clip.

Inputs

Input prices rose by 1.9% in December. Energy and lubricants increased by 4.6% during December and are currently 4.3% higher than last year. Fertiliser prices rose for the first time in four months, where increases where seen in both straight and compound fertilisers due to higher urea values.

The annual index for inputs rose by 2.9% compared to 2012. Animal feedingstuffs and fertilisers had the biggest impact on the annual input index. Animal feedingstuffs increased by 10% in 2013. This was due to high prices seen at the start of 2013 when supplies were short due to the poor harvest in 2012. This increase was offset by a similar 10% decrease in the overall fertiliser price in 2013.

February 2014

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