Agriculture, Analytics, Latvia, Statistics

Decline in the price index of crop products mainly was affected by the drop in the grain and vegetable purchase prices (of 8.3% and 9.9%, respectively).

In 2016, the average purchase price of grain was the lowest recorded since 2012; it diminished from 207.20 euros per tonne to 132.31 euros per tonne. Compared to 2015, the indicator fell by 8.3%, and compared to 2012, by 36.1%. The price reduction observed last year was influenced also by the poor quality of the grain purchased resulting from the bad weather conditions.

Compared to 2015, the average purchase price of grain reduced by 9.9% or 52.43 euros per tonne.

The purchase price of rape seeds has increased over the recent years. Compared to 2015, in 2016 it grew by 4.4%.

Increase was observed also in purchase prices of potatoes as well as fruit and berries – by 4.1 % and 6.2 %, respectively, compared to the year before.

Prices of main agricultural products, euros per tonne

In 2016, the average purchase price of meat went up by 2.5%. The purchase price of pork grew by 7.2% or 94 euros per tonne, however it did not reach the level registered in 2014 (1 484 euros per tonne). The average purchase price of mutton and poultry also increased – by 1.2% and 0.5%, respectively.

Last year, the average purchase price of beef declined by 2.7% or 44 euros per tonne.

The average purchase price of milk dropped from 216.06 euros per tonne in 2015 to 214.52 euros per tonne in 2016 or by 0.7%. The lowest purchase price was recorded in July – 177 euros per tonne, while starting from August a sharp price rise was recorded, reaching 304 euros per tonne in December.

Milk purchase price by month

Compared to 2015, last year the average purchase price of eggs reduced from 6.92 euros to 6.25 euros per 100 eggs or by 9.6%.

Prices of livestock products, euros per tonne

* Price indices of agricultural output characterise changes in agricultural product prices taking place during a certain period. Compared to the base period. i.e.,year 2010. The total price index of agricultural output is estimated considering the average weighted prices of separate products, using estimates of the Economic Accounts for Agriculture on the base year as the weights.