Data compiled by the Central Statistical Bureau (CSB) show that in 2018 price index of agricultural output increased by 6 %, which was mainly due to the 14 % rise in crop product prices. Price index of livestock products fell by 4.1 %.
Compared to 2017, in 2018 increase was recorded in prices of almost all products of crop production sector, which was influenced by lower yield resulting from the long-lasting drought as well as rise in grain prices on the exchange.
Average purchase price of grain rose by 16 % – from 145.17 EUR/t in 2017 to 168.34 EUR/t in 2018, reaching the highest price registered since 2014. The most significant increase was recorded in the average purchase prices of barley (of 27.3 %) and rye (20.8 %).
Compared to the previous year, prices of vegetables and potatoes went up by 15.4 % and 10.2 %, respectively, while prices of rape seeds fell by 2.4 %.
|2017||2018||Changes, % (2018, compared to 2017)|
|Livestock (slaughter weight)||1529,48||1458,78||-4,6|
|Eggs, EUR per 100 pieces||7,15||7,15||0,0|
Average purchase price of meat decreased by 4.6 % – from 1 529 EUR/t in 2017 to 1 459 EUR/t in 2018. The mostnotable drop was recorded in purchase price of pork – of 9.7 % (from 1 358 EUR/t in 2018).
Average purchase price of beef and veal went up by 8.9 %, reaching 1 940 EUR/t, which is the highest price registered since 2014. Rise was also registered in prices of poultry (of 4.4 %) and mutton (1.2 %), reaching 1 756 EUR/t and 3 442 EUR/t, respectively.
Average purchase price of milk fell by 7.4 % – from 306 EUR/t in 2017 to 283 EUR/t in 2018. The lowest purchase price of milk was observed in May (268 EUR/t) and the highest in January (307 EUR/t). It should be noted that in 2017 the highest milk purchase price over the past 20 years was recorded.
Average purchase price of eggs did not change and constituted 7.15 EUR/100 eggs.
Source: Central Statistical Bureau of Latvia