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Agricultural producers prices Q1 average increase 9.5%

The data issued by the Department of Statistics indicate an increase in the average of agricultural producers' price index by 9.5% for the first three months of 2011 as compared with the same period of the previous year، (100=2007) .The price index reached 105.0 compared with 95.9 for the same period of 2010. The most significant crops which contributed to this increase were Green Beans 57.6%, Cucumber 49.4%, Paprika 39.3%,Potato 35.1% ,Eggplant 32.8%,Squash 25.0%, Cauliflower 14.1%.On the contrary, there was a decrease in the prices of Tomato, Chili and Banana by (28.9%), (26.2%), and (13.4%) respectively.

The report also shows that the price index of agricultural producers has increased in February 2011 as compared with February 2010 by (10.5%). The most significant crops which contributed to this increase were Broad beans 63.9%, Potato 55.7% Eggplant 49.7%,String beans 40.5%, Cucumber 39.6%, Peas 33.2%, Squash 18.7%, Cauliflower 12.1%.with relative importance of 53.6%. On the contrary, there was a decrease in the prices of Chili, Tomatoes, Lemon, Banana and Paprika by 24.1%, 22.1%, 20.2%, 08.6%, 0.4%, respectively with relative importance of 46.4%.

On The Monthly level, The Price Index of Agricultural Producers has decreased for March 2011 as compared with February 2011 by 2.3%, noting that the Price Index reached 106.6 for March 2011 as compared with 109.1 for January 2011. This mainly has resulted from the decrease in prices of goods whose their relative importance is 42.7%. The most significant crops whose prices have decreased were: Broad beans 29.7%, Peas 24.0%, Cucumber 23.5% and squash18.1%, String beans 11.0%, Paprika 9.6%, Potato 1.8%.Meanwhile, the prices of Tomato, Lemon, Cauliflower, Banana, Paprika and Eggplant have decreased by (117.7%), (39.8%), (23.8%), (14.3%), (13.0%) and (12.5%) respectively with a relative importance of 57.3%.

It is worthy to mention that the data on agricultural prices are collected by the Department of Statistics every month through a sample of (1093) agricultural holders covering Al-Aghwar (Jordan Valley) and the heights areas due to difference in the agricultural patterns in each of them by using a special questionnaire for this purpose using the (LASPEURE) formula to derive the price index, noting that the 2007 is the base year. This figure shows the trend of the General Price Index of Agricultural Producers for 2009, 2010 and the first three months of 2011


Source: menafn.com

Publication date: 5/13/2011


 


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