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Producer prices of agricultural products, August 2021 up 13.3% year-on-year

Producer prices of agricultural products were  up 13.3% in August 2021 compared to the same month in 2020, up 1.2% from July 2021. As reported by the Federal Statistical Office (Destatis), the price increase of 23.4% for crop products in August 2021 compared with August 2020 was mainly due to higher cereal prices, as in previous months.

For vegetable and horticultural products, the year-on-year price increase in August 2021 was 11.9%. This was due in part to a 16.9% increase in prices for plants and flowers.

Prices for vegetables as a whole rose by 8.5% in August 2021 compared with the same month a year earlier. There were larger price increases, especially for lettuce with +61.7%. This is due to current low supply volumes on the market.

For table potatoes, prices increased by 21.2% year-on-year. This is the first price increase since September 2019. In July 2021, the year-on-year price decrease was still -23.0 . Prices increased in August 2021 due to low crop volumes and the resulting tight supply in the market.

Methodological Notes:
The index of producer prices of agricultural products measures the development of the selling prices of agriculture in Germany and thus shows price developments at the first economic level.

The complete annual, marketing year and monthly results of producer prices for agricultural products can be accessed in the GENESIS-Online database via tables 61211-0001 to 61211-0003.

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