The most significant output price increase in the 12 months to August 2024 was in milk.
ADVERTISEMENT
In the 12 months to August 2024, the agricultural output price index increased by 18%, according to the Central Statistics Office (CSO).
This output price rose by 1% when compared with July 2024.
Meanwhile, the agricultural input price index dropped by 6.7% in the 12 months to August 2024.
ADVERTISEMENT
On a monthly basis, the input price index for August decreased by 0.5% when compared with July 2024.
The most significant output price increases in the 12 months to August 2024 were in milk (+35.5%), potatoes (+16.2%) and sheep (+15.1%), while decreases were recorded in eggs (-3.7%) and poultry (-1.1%).
Input prices
Over the 12 months to August 2024, there were significant reductions in the input prices recorded for electricity (-20.6%), feed (-12.8%) and fertilisers (-9.0%), while plant protection products rose by 4.8%.
The monthly terms of trade grew by 1.5% in August 2024 when compared with the previous month. The annual terms of trade went up by 26.5% when compared with August 2023.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
In the 12 months to August 2024, the agricultural output price index increased by 18%, according to the Central Statistics Office (CSO).
This output price rose by 1% when compared with July 2024.
Meanwhile, the agricultural input price index dropped by 6.7% in the 12 months to August 2024.
On a monthly basis, the input price index for August decreased by 0.5% when compared with July 2024.
The most significant output price increases in the 12 months to August 2024 were in milk (+35.5%), potatoes (+16.2%) and sheep (+15.1%), while decreases were recorded in eggs (-3.7%) and poultry (-1.1%).
Input prices
Over the 12 months to August 2024, there were significant reductions in the input prices recorded for electricity (-20.6%), feed (-12.8%) and fertilisers (-9.0%), while plant protection products rose by 4.8%.
The monthly terms of trade grew by 1.5% in August 2024 when compared with the previous month. The annual terms of trade went up by 26.5% when compared with August 2023.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS