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Agricultural producer prices with strongest increase since 1961

Nicholas by Nicholas
May 12, 2022
in News
0

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Dhe producers of agricultural merchandise have raised their prices at a file tempo within the first month after the beginning of the conflict in Ukraine. They rose by a mean of 34.7 p.c in March, because the Federal Statistical Workplace introduced on Thursday. “That is the very best worth increase in comparison with the identical month final yr since the survey started in 1961,” it stated. “In comparison with February 2022 alone, prices rose by 15.1 p.c.” Plant merchandise rose notably sharply at 42.1 p.c, animal merchandise Merchandise are barely much less highly effective at 29.5 p.c.

The file worth increase is partly resulting from grain prices, which have been skyrocketing since July 2020: In March, they have been 70.2 p.c larger than in the identical month final yr. “The principle purpose for the large increase in grain prices is the scarcity of provide because of the conflict in Ukraine,” the statisticians defined. “In consequence, the already tense state of affairs on the world market with excessive demand at residence and overseas has as soon as once more worsened considerably.”

Potato worth increase of 92 p.c

91.7 p.c extra was required for ware potatoes. That is primarily as a result of low harvest portions as a result of climate and a comparatively low worth degree in March 2021: At the moment, there was a worth collapse of greater than 50 p.c within the catering commerce resulting from massive harvest portions and an absence of gross sales alternatives resulting from Corona. Producer prices for fruit, then again, fell by 12.4 p.c this time, with dessert apples turning into cheaper by 8.4 p.c.

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The prices for the business crop rapeseed rose by 70.1 p.c. This surcharge is principally as a result of scarce provide state of affairs mixed with excessive demand, for instance for the manufacturing of biogas or the usage of rapeseed as gasoline (biodiesel). In animal merchandise, for instance, the value of milk rose very sharply by 33.3 p.c. “The principle purpose for that is nonetheless a scarce provide of uncooked milk,” in line with the statisticians. For slaughter pigs, prices rose by 21.1 p.c and for cattle by 47.5 p.c.



Tags: destinymonth of the previous yearproducer pricerecord increaseReutersUkraine

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