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Ireland: Agriculture output price index up 10% on last year

The Central Statistics Office issued a statement saying 2021 will end with agriculture output prices for the year up 10.3% compared to 2020. The statistics agency’s preliminary estimates for this year capture the increasing prices paid to farmers so far in 2021, but also the rising input prices, with the latter set to increase by 6.7% in 2021 this year compared to last.

These two figures will result in an increase in the overall terms of trade for agriculture of 3.4% for this year compared to 2022. The increase in the output price index is largely down to increased prices for sheep and milk, the CSO outlines, while increases in the input price index are mainly due to fertilizers and energy costs.

Fruit and vegetables see an increase in output price of 1.3% in 2021 compared to 2020. The overall output index for crops, when these figures are taken into account, increases by 3.5% on last year’s figures.

Source: agriland.ie


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