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E-mail: agprices@cso.ie Viacheslav Voronovich (+353) 21 453 5164 Morgan O'Donnell (+353) 21 453 5333 Carmel Hinchion (+353) 21 453 5272
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CSO statistical release, 15 February 2013, 11am

Agricultural Price Indices

December & Year 2012

 OutputInputTerms of Trade
 Base year 2005=100
2011127.9129.299.0
2012132.7135.198.3
% Change3.8%4.5%-0.7%

Agricultural input price index up 4.5% in 2012

Figure 1 Agricultural Price Indices December 2012

The agricultural input price index increased by 4.5% in 2012 compared with 2011. The agricultural output price index increased by 3.8% over the same period. Thus, the resulting terms of trade index decreased by 0.7% in 2012.   See Tables 1, 2 and graph.

The most significant price changes year on year were:

  • Potatoes (incl. seeds), cereals (incl. seeds), cattle and pigs prices increased by 30.5%, 16.5%, 12.0%, 10.8% respectively, while milk and sheep prices decreased by 9.5% and 4.4%.  See Table 1 
  • Energy, seeds, feeding stuffs and fertiliser prices increased by 8.2%, 7.3%, 6.3% and 3.0% respectively.  See Table 2.

On a monthly comparison, the agricultural output price index in December 2012 was 1.4% higher than in November 2012. The agricultural input price index was up 0.2% in December 2012 compared with November 2012.  

Table 1 Agricultural Output Price Index (excluding VAT)                
                 Base Year 2005 = 100
CategoryIndexMonthly ChangeAnnual Change 
Dec-11Jan-12Feb-12Mar-12Apr-12May-12Jun-12Jul-12Aug-12Sep-12Oct-12Nov-12Dec-12 Year 2011Year 2012Dec-12 / Nov-12Dec-12 / Dec-11Year 2012/2011 
 
                     
Agricultural Output Price Index136.5 139.1 137.1 136.5 133.6 131.1 132.2 132.1 132.6 135.1 136.7 138.6 ²140.6  127.9 132.7 1.4%3.0%3.8% 
                     
  Crop Output128.1 129.2 128.9 128.1 127.8 128.8 133.7 149.1 166.7 178.2 183.1 184.8 185.3  128.1 145.2 0.2%44.6%13.3% 
                     
    Cereals (including seeds)166.2 166.2 166.2 166.2 166.2 166.2 166.2 166.2 216.4 216.4 216.4 216.4 216.4  160.6 187.2 0.0%30.2%16.5% 
    Vegetables108.5 110.2 109.8 109.5 109.0 108.6 108.1 109.9 110.0 110.2 110.9 111.0 110.7  108.5 109.9 ..2.1%1.3% 
    Potatoes (including seeds)94.1 95.6 95.1 91.6 91.2 97.6 123.9 199.9 190.0 249.3 273.2 282.1 285.1  105.1 137.2 ..203.0%30.5% 
                     
  Animal Output137.6 140.4 138.2 137.5 134.3 131.3 132.1 129.9 128.2 129.6 130.7 132.7 ²134.8  127.8 131.2 1.6%-2.0%2.6% 
                     
    Animals141.8 146.6 144.3 146.9 149.0 148.9 150.2 146.8 142.6 141.1 139.3 139.8 142.6  131.1 144.0 2.0%0.6%9.8% 
        Cattle148.2 154.8 151.0 153.8 155.6 157.2 159.0 154.5 147.5 144.9 142.5 145.0 149.2  134.3 150.5 2.9%0.7%12.0% 
            Cattle excluding calves148.2 154.7 151.3 154.1 155.7 157.5 159.1 154.6 147.6 144.9 142.6 145.3 149.4  134.6 150.6 2.8%0.8%11.9% 
            Calves148.7 157.9 116.2 126.2 148.6 137.4 149.2 146.2 138.6 144.3 129.7 121.0 128.1  107.9 136.6 ..-13.8%26.6% 
        Pigs110.8 110.7 110.8 112.5 115.3 117.5 118.7 119.0 123.0 127.8 130.1 130.4 130.9  108.8 120.6 0.4%18.1%10.8% 
        Sheep138.5 141.1 144.0 148.3 153.2 137.0 136.3 134.0 135.2 128.9 124.4 121.9 120.9  140.6 134.4 ..-12.7%-4.4% 
        Poultry147.9 147.9 148.1 148.1 148.1 148.5 148.1 146.1 146.1 148.3 148.3 133.0 ¹133.0 ¹ 132.1 142.4 0.0%-10.1%7.8% 
                     
     Animal Products131.3 131.1 128.9 123.4 112.0 104.8 104.6 104.4 106.3 112.2 117.8 122.0 ²123.0  122.9 111.7 0.8%-6.3%-9.1% 
        Milk131.3 131.2 128.9 123.2 111.4 104.1 104.0 103.7 105.6 111.6 117.3 121.7 ²122.7  122.7 111.2 0.8%-6.6%-9.4% 
        Eggs119.9 120.4 121.9 124.6 129.4 132.7 132.9 134.1 136.6 139.6 139.6 139.6 140.0  121.1 132.6 0.3%16.7%9.5% 
        Wool156.8 156.8 156.8 156.8 156.8 123.5 123.5 123.5 123.5 123.5 123.5 123.5 123.5  154.1 124.8 0.0%-21.3%-19.0% 
                     
.. Comparison not valid as different basket of products are included each month.              
1 Provisional     
2 Revised      
Table 2 Agricultural Input Price Index (excluding VAT)               
                 Base Year 2005 = 100
CategoryIndexMonthly ChangeAnnual Change 
Dec-11Jan-12Feb-12Mar-12Apr-12May-12Jun-12Jul-12Aug-12Sep-12Oct-12Nov-12Dec-12 Year 2011Year 2012Dec-12 / Nov-12Dec-12 / Dec-11Year 2012/2011 
 
                     
Agricultural Input Price Index129.7130.4130.7131.6132.4133.3133.5134.3136.6138.4139.6139.7140.0 129.2135.10.2%7.9%4.5% 
                     
Seeds108.2108.2108.2116.1116.1116.1116.1116.1116.1116.1117.5117.5117.5 107.2115.10.0%8.7%7.3% 
                     
Energy144.7146.5148.2151.2153.4152.9148.6147.7153.2156.1155.5152.8151.4 140.0151.5-0.9%4.7%8.2% 
    Electricity133.6133.6133.6133.6134.7137.2137.2137.2137.2137.2145.2145.2145.2 124.0138.10.0%8.7%11.3% 
    Motor Fuels148.6151.1153.4157.4160.0158.6152.9151.5159.0162.9159.7156.1154.2 145.2156.4-1.2%3.8%7.7% 
    Lubricants129.6128.5128.1128.2128.9129.0129.2129.8129.9129.6129.9129.3129.3 129.2129.20.0%-0.2%0.0% 
                     
Fertilisers165.8167.4168.2168.3168.7168.4167.8167.2166.7166.4166.9166.9167.0 162.7167.50.0%0.7%3.0% 
    Straight Fertilisers156.3157.8158.4159.1159.8159.4158.6157.2156.4155.8156.7156.7157.0 153.4157.70.2%0.4%2.8% 
    Compound Fertilisers174.0175.7176.6176.5176.7176.3175.8175.6175.3175.1175.5175.5175.3 170.5175.8-0.1%0.8%3.1% 
        PK Fertilisers206.8210.0209.7212.5212.6212.6212.6212.6212.8213.0213.4213.4213.4 200.5212.40.0%3.2%5.9% 
        NPK Fertilisers172.8174.5175.4175.3175.5175.1174.5174.3174.0173.8174.1174.1174.0 169.5174.6-0.1%0.7%3.0% 
    Other Fertilisers110.0110.0110.0110.0110.0110.7110.7110.7110.7111.4111.4111.4111.4 110.0110.70.0%1.3%0.7% 
                     
Plant Protection Products100.6100.6100.6100.299.999.799.799.799.799.799.799.799.7 101.099.90.0%-0.9%-1.0% 
                     
Veterinary Expenses111.7112.5112.5112.5112.5112.5112.5112.5112.5112.5112.5112.5112.5 111.7112.50.0%0.8%0.8% 
                     
Feeding Stuffs133.9133.0133.1134.0135.5138.1140.2142.4147.4151.6154.6155.8156.8 135.0143.50.7%17.1%6.3% 
    Straight Feeding Stuffs138.4139.9140.7141.1143.9146.5148.2150.2155.2158.3162.5163.1164.5 142.6151.20.8%18.9%6.0% 
    Compound Feeding Stuffs133.2132.0131.9132.9134.2136.8138.9141.2146.1150.6153.4154.6155.6 133.9142.40.6%16.9%6.4% 
        Feeding Stuffs for Calves134.5133.4133.0133.8135.4139.2140.5142.2147.0151.8155.1156.1157.3 133.6143.70.8%17.0%7.6% 
        Feeding Stuffs for Cattle excl. Calves133.5133.1132.9133.7134.7137.6140.1143.2149.1153.1155.2156.0157.2 134.9143.80.8%17.8%6.6% 
        Feeding Stuffs for Pigs133.8132.8132.8134.5137.4139.9141.5143.5148.2152.5156.6157.6158.1 132.9144.60.3%18.1%8.8% 
        Feeding Stuffs for Poultry132.3129.3129.6130.5130.9132.0134.2135.3138.6143.9147.8150.5151.0 133.3137.80.3%14.1%3.4% 
        Other Compound Feeding Stuffs131.6129.2129.1129.7132.0136.1137.0138.4142.8147.1148.7149.2151.3 131.1139.21.4%15.0%6.2% 
                     
Maintenance of Materials107.6106.0106.0106.0106.0106.1106.1106.1106.4106.4106.4106.5106.5 107.5106.20.0%-1.0%-1.2% 
Maintenance of Buildings112.1111.8111.9111.8111.8112.6112.4112.4111.8111.9111.8111.9111.7 111.9112.0-0.1%-0.3%0.0% 
Other Goods and Services108.1113.0113.1113.1113.0112.9112.9113.5113.5113.4113.6113.6113.6 108.5113.30.0%5.1%4.4% 
                     

Background Notes

Introduction

This release presents estimates of Agricultural Output and Input Price Indices. The indices monitor trends in prices paid to farmers for their produce and in prices paid by farmers for purchases of goods and services. An EU harmonised methodology is used to compile these price indices. The estimates are also sent to Eurostat, the Statistical Office of the European Union.

Methodology

The agricultural output price indices are intended to measure trends in the price of agricultural produce sold by farmers. The agricultural input price indices are designed to measure trends in the price of farm inputs purchased for current consumption (i.e. non-capital materials and services). Both indices are compiled on the average farm concept. The average farm concept includes both sales to other economic sectors as well as sales/purchases of agricultural output between agricultural units for intermediate consumption purposes, excluding trade in animals between agricultural units. The weights used to combine the changes in prices of the individual commodities are based on the value of sales off farms and the expenditure by farmers on input purchases for the base year for the output and input indices respectively. The Laspeyres index formula, involving the use of fixed base year weights, has been used in the compilation of the monthly index numbers for all commodity groupings except vegetables, potatoes and sheep. Because of the highly seasonal nature of vegetables, potatoes and sheep, variable monthly baskets of products are priced for these commodities.

Monthly price series are used except for seasonal products where prices are only available at certain times during the year. In these cases, the monthly prices returned during the last selling period are continued unchanged until the product can be priced again. The monthly sub-indices are weighted by the base year value of sales and the expenditure on farm inputs to derive overall monthly total output and total input indices respectively. In line with EU recommendations, the annual input indices are calculated as simple arithmetic averages of the monthly indices. The annual output indices are calculated as the weighted averages of the monthly indices.

The agricultural terms of trade index is the output price index expressed as a percentage of the input price index. All percentage changes have been calculated on actual figures before the index is rounded to one decimal place.

Price Coverage

The actual prices used for the index series are based on the market price without the deduction of bonuses, taxes or levies with the exception of deductible value added tax and third party levies. Standardised prices are used for milk and cereals to ensure that products of identical quality are priced in successive periods. In the case of milk for manufacturing, this means pricing at a fixed butterfat and protein content.  Standardised cereal prices are based on the harvest price at 20% moisture content.

Data Sources

The indices are compiled from a wide variety of sources, including direct CSO surveys and administrative data from the Department of Agriculture, Food and the Marine.  The actual sources are described more fully in the Agricultural Price Indices - Introduction of New Series to Base Year 2005 = 100 published by the CSO on the 15th  July 2011.

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