On producer prices in agriculture in 2007

02.04.2008

Due to the price increase of the production costs (fuel, electricity, mineral fertilizers, plant protection products, etc.), as well as, due to the growth of the wages and salaries, producer prices in agriculture continues to grow, according to the data of the Central Statistical Bureau.

If compared to 2006, in 2007 producer prices in agriculture rose by 19.2%.

The rapid producer price growth of the crop production had the highest influence to the total price increase in agriculture.

If compared to 2006, in 2007 prices in crop production rose by 37.6 %. The price increase was recorded for almost all main agricultural products, especially for grain. The average prices of grain have grown from 73.3 LVL per ton in 2006 to 123.83 LVL per ton in 2007 or by 68.9 %, of which the prices of wheat – from 77.83 LVL to 132.11 LVL per ton or by 69.7%, of rye – from 66.75 LVL to 114.93 LVL per ton or by 72.2%, of barley – from 66.78 LVL to 116.85 LVL per ton or by 75%.

In many agricultural regions of the world the prices of grain have increased significantly due to the unfavourable climatic conditions, as well as, because of the growing market (including production of biofuel).

The prices of vegetables have also increased – by 34.1%, if compared to the previous year the prices of fruit and berries have grown by 24.1%, but of rape – by 16.4%.

Producer prices of main agricultural products
(LVL per 1 ton)

2006

2007

2007/2006 %

Wheat

77.83

132.11

169.7

Rye

66.75

114.93

172.2

Barley

66.78

116.85

175.0

Rape

162.85

189.59

116.4

Sugar beets

22.13

23.86

107.8

Potatoes

83.94

86.90

103.5

Vegetables

391.75

525.15

134.1

Fruits and berries

199.37

247.41

124.1

Meat (live weight):

 

 

 

     beef

506.83

493.11

97.3

     pork

762.90

750.79

98.4

     sheep, goats

742.75

929.28

125.1

     poultry

668.52

829.81

124.1

Milk

162.77

183.29

112.6

Eggs, lats per 100 pieces

3.82

4.42

115.7

Producer prices of crop production, LVL per 1 ton

The prices of livestock production have also grown, but less than in crop production. The price increase was more noticeable in the second half of the year. If in the first half average prices in livestock production slightly decreased (by 1%), then in third quarter there was an increase of 7.6%, but in the fourth quarter the growth constituted even 16.5%.

Producer prices of livestock production, LVL per 1 ton

Prepared by Agriculture Statistics Section
Tel.67366831
Inita Valaine