|Output||Input||Terms of Trade|
|Base year 2015=100|
|Monthly % Change||0.1%||0.0%||0.1%|
|Annual % Change||-2.6%||5.2%||-7.5%|
The agricultural output price index increased by 0.1% in February 2019 compared with January 2019. The agricultural input price index has remained unchanged over the same period. Thus, the resulting terms of trade index increased by 0.1% in February 2019. See Tables 1, 2 and graph.
On an annual basis, the agricultural input price index increased by 5.2% in February 2019 compared with February 2018. The agricultural output price index was down 2.6% in February 2019 compared with February 2018. See Tables 1 and 2.
A further comparison of the February 2019 output sub-indices with the February 2018 sub-indices shows that milk and cattle decreased by 10.3% and 7.5% respectively.
On the input side, the largest increases were in feeding stuffs and fertilisers which were up 10.1% and 9.1% respectively on February 2018 prices.