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Agricultural input price index down 12.6% in April 2024
Cereals saw a drop in price of 31.4%, while potatoes saw an increase of 73.6%. Fertiliser prices fell by almost one third, while motor fuel prices increased by over 10%.
Potatoes saw a price increase of 73.6% over a 12-month period, according the latest CSO figures.
The agricultural input price index dropped by 12.6% in the 12 months up to April 2024, according to the latest Central Statistics Office (CSO) figures.
These figures show that the agricultural output price index was down by 0.2% over the same period.
The terms of trade increased by 0.7% compared with March 2024 and was up by 14.2% in the year to April 2024.
Output prices
The most significant output price decreases in the 12 months to April 2024 were in cereals, which experienced a decrease of 31.4%.
Industrial and forage crops, pigs and eggs were down 26.4%, 6.2% and 3.7% respectively, while increases were recorded in potatoes, sheep and vegetables.
Potatoes saw a sharp increase of 73.6%, sheep saw a rise of 27.1% and vegetables increased by 11.7%.
Fertiliser price fell
The figures show that the price of fertiliser fell by almost one third over the 12-month period, down 31.4%. Electricity inputs saw a decrease of 22.2% and feed inputs were down 16.8%.
Motor fuel saw an increase of 10.1%.
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Title: Agricultural input price index down 12.6% in April 2024
Cereals saw a drop in price of 31.4%, while potatoes saw an increase of 73.6%. Fertiliser prices fell by almost one third, while motor fuel prices increased by over 10%.
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The agricultural input price index dropped by 12.6% in the 12 months up to April 2024, according to the latest Central Statistics Office (CSO) figures.
These figures show that the agricultural output price index was down by 0.2% over the same period.
The terms of trade increased by 0.7% compared with March 2024 and was up by 14.2% in the year to April 2024.
Output prices
The most significant output price decreases in the 12 months to April 2024 were in cereals, which experienced a decrease of 31.4%.
Industrial and forage crops, pigs and eggs were down 26.4%, 6.2% and 3.7% respectively, while increases were recorded in potatoes, sheep and vegetables.
Potatoes saw a sharp increase of 73.6%, sheep saw a rise of 27.1% and vegetables increased by 11.7%.
Fertiliser price fell
The figures show that the price of fertiliser fell by almost one third over the 12-month period, down 31.4%. Electricity inputs saw a decrease of 22.2% and feed inputs were down 16.8%.
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