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Monday 16.01.2017 | Name days: Lida, Lidija
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Agriculture price index in Latvia down 7.5%

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn 2015, due to 15.8 % decrease in price indices of livestock products, especially decline in milk prices, price indices of agricultural output decreased by 7.5 % as compared to 2014. Price indices of crop products grew by 2.3 %.

Average purchase prices of milk reduced by 25.7 % – from 290.61 euros per ton in 2014 to 216.06 euros per ton in 2015. Drop in the milk purchase prices was due to the Russian import ban on agricultural products from the European Union countries, as well as situation in the European and world milk market, according to data from the Central Statistical Bureau of Latvia.

In 2015, average purchase prices of meat fell by 6.1 %. Purchase prices of pork reduced by 11.6 % or 172.38 euros per ton and purchase prices of poultry – by 10.2 % or 190.85 euros per ton. Purchase prices of mutton and goat meat indicate a smaller reduction – of 3.6 % or 122.63 euros per ton. Last year, increase was recorded only purchase prices of beef and veal – of 1.2 %, reaching 1 642.56 euros per ton.

Average purchase prices of eggs stayed at previous year level – 6.92 euros per 100 eggs.

Increase in price indices of crop products of 2.3 % was mainly caused by the rise in vegetable and rape prices of 34.0 % or 134.46 euros per ton and 13.6 % or 40.15 euros per ton, respectively.

Average purchase prices of grain since 2012 keep decreasing, and in 2015 they fell down to 144.34 euros per ton – by 2.6 %, as compared to 2014, and by 30.3 %, as compared to 2012.  Grain prices were directly affected by the price drop in the world’s stock exchanges.

Last year, purchase prices of food potatoes fell from 158.46 euros per ton in 2014 to 136.17 euros per ton (which is a reduction of 14.1 %).

Ref: 102.109.109.9722


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