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UK Farming Statistics


14 August 2014

UK June Agricultural Price Index - 14 August 2014UK June Agricultural Price Index - 14 August 2014

The price index for all outputs fell by 3.9% while the price index for all inputs fell by 0.3% in June.
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 fell by 3.9% while the price index for all inputs fell by 0.3% in June. Overall the prices are lower than the same time last year as the price index for all outputs is 10% lower and the price index for all inputs is 4.8% lower than this time last year.

Output

Compared to last year all price indices for crops are down. The largest decreases were seen with the following crops whose prices are significantly lower than last year: potatoes (47%); fresh fruit (28%); cereals (18%); industrial crops (17%) and fresh vegetables (13%).

This year’s early potato season began several weeks earlier than last year and prices are showing the dip in price that would be expected once the season is under way. As last season’s new potato harvest started later in May the average June price last year was 60% higher than this year’s average June price.

Cereal prices are 18% lower than this time last year. With the European harvest underway and predictions for a bumper crop cereal prices continue to remain low.

Inputs

Animal feeding stuffs fell by 1.7% and are now 14% lower than the same time last year; straight feeding stuffs fell by 3.2% in June while compound feedingstuff prices fell by 0.3%. Straight feedingstuff prices have fallen due to decreases in cereal prices.

Fertiliser prices fell by 3.6% in June, with nitrogenous fertilisers falling 15%.

August 2014

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