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Agricultural Price Indices

July 2020

OutputInputTerms of Trade
Base year 2015=100
July 2019102.3105.297.3
June 2020102.8101.8100.9
July 2020104.2101.9102.3
Monthly % Change1.4%0.0%1.4%
Annual % Change1.8%-3.2%5.1%

Agricultural input price index down 3.2% in the year to July 2020

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The agricultural output price index increases by 1.4% in July 2020 compared with June 2020. The agricultural input price index remained unchanged over the same period. Thus, the resulting terms of trade index was up 1.4% in this period. See Tables 1, 2 and graph.

Note: Table 1 was updated on 16/09/20 to correctly show that monthly change was Jun-20/Jul-20.

On an annual basis, the agricultural input price index decreased by 3.2% in July 2020 compared with July 2019. The agricultural output price index increased by 1.8% July 2020 compared with July 2019. See Tables 1 and 2.

A further comparison of the July 2020 output sub-indices with the July 2019 sub-indices shows that sheep and cattle increased by 13.7% and 8.8% respectively.

On the input side, the July 2020 sub-indices show that  fertilisers and energy were down 11.6% and 9.5% respectively on July 2019 prices.

Table 1 Agricultural Output Price Index (excluding VAT)
              Base Year 2015 = 100
CategoryIndexMonthly ChangeAnnual Change
Jul-19Aug-19Sep-19Oct-19Nov-19Dec-19Jan-20Feb-20Mar-20Apr-20May-20Jun-20Jul-20Jul-20 / Jun-20Jul-20 / Jul-19
Agricultural Output Price Index102.397.699.4100.8101.4103.9105.5106.9103.8100.1102.3102.8104.21.4%1.8%
  Crop Output129.5104.8116.5114.9113.3111.7109.5107.7107.5109.4110.7110.7109.4-1.1%-15.5%
    Cereals (including seeds)150.4109.0109.0109.0109.0109.0109.0109.0109.0109.0109.0109.0109.00.0%-27.5%
    Potatoes (including seeds)127.880.8149.7140.5137.1137.3133.6122.9122.9122.9121.7121.6115.8..-9.4%
  Animal Output98.896.697.298.999.8102.9104.9106.8103.398.8101.1101.7103.51.8%4.8%
            Cattle excluding calves86.984.484.686.885.888.191.994.593.787.492.091.794.53.1%8.7%
     Animal Products106.4104.5105.5106.7107.9112.2113.7115.0108.0103.7104.7107.7109.11.4%2.6%
.. Comparison not valid as different basket of products are included each month.
¹ Revised
Table 2 Agricultural Input Price Index (excluding VAT)
             Base Year 2015 = 100
CategoryIndexMonthly ChangeAnnual Change
Jul-19Aug-19Sep-19Oct-19Nov-19Dec-19Jan-20Feb-20Mar-20Apr-20May-20Jun-20Jul-20Jul -20 / Jun -20Jul-20 / Jul -19
Agricultural Input Price Index105.2104.9104.5104.3103.7103.5103.6103.0102.5102.0101.6101.8101.90.0%-3.2%
    Motor Fuels106.4106.2106.7109.7107.9108.4110.5106.6101.792.187.690.893.63.1%-12.0%
    Straight Fertilisers88.287.787.487.386.985.382.680.179.679.778.377.076.0-1.3%-13.9%
    Compound Fertilisers91.491.290.790.590.189.186.584.283.883.783.082.081.2-1.0%-11.1%
        PK Fertilisers93.793.893.793.593.492.991.390.690.590.991.090.590.3-0.2%-3.6%
        NPK Fertilisers91.391.190.690.490.089.086.384.083.683.582.881.881.0-1.0%-11.3%
    Other Fertilisers105.7105.7105.7105.7105.7105.7105.7105.7105.7105.7105.7105.7105.70.0%0.0%
Plant Protection Products103.9103.9103.9103.9103.9103.9103.9103.9103.7103.8104.4104.5104.1-0.4%0.2%
Veterinary Expenses107.5107.5107.5107.5107.5107.5109.0109.0109.0109.0109.0109.0109.00.0%1.4%
Feeding Stuffs110.7110.2108.9107.9106.8106.7106.6106.6106.9107.8108.1108.3108.2-0.0%-2.2%
    Straight Feeding Stuffs118.7116.6109.4107.3106.8107.0107.8108.3108.8109.5109.4108.9108.8-0.1%-8.4%
    Compound Feeding Stuffs110.3109.9108.9107.9106.8106.6106.5106.5106.8107.7108.0108.3108.2-0.0%-1.9%
        Feeding Stuffs for Calves110.8109.2107.1106.4106.4106.2105.8105.9106.6107.7108.8108.8108.80.0%-1.7%
        Feeding Stuffs for Cattle excl. Calves108.6108.0106.6105.1104.8104.6104.5104.4104.7106.2106.6109.9106.8-2.8%-1.6%
        Feeding Stuffs for Pigs117.5117.5116.6116.6115.1115.1115.1115.1115.1115.1115.1114.8114.80.0%-2.3%
        Feeding Stuffs for Poultry107.8107.9108.6108.0104.4104.1104.1104.1104.4104.4104.7105.5105.50.0%-2.2%
        Other Compound Feeding Stuffs108.4107.9105.7104.7104.7104.6104.4104.3104.6106.2106.4106.4106.40.0%-1.8%
Maintenance of Materials and Buildings104.3104.1104.2104.2104.2104.3104.2104.6104.6104.6105.1105.2105.2-0.1%0.8%
Other Goods and Services104.6104.7104.7104.6104.6104.6106.6106.6106.5106.3106.3106.2106.0-0.2%1.4%
¹ Revised

Background Notes


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.


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 fat 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 at: Price Indices

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