The index of prices received by producers for the total of all agricultural products for September 2011 was 165.7, up from 159.2 in August.
The index of prices paid by producers for the total of all means of agricultural production for September 2011 was 153.1, up from 153.0 in August. The slight increase in purchase prices being covered by the larger increase in production prices. There was an increase in the price of fuel. Confidence is returning to cereals markets after fears of bad harvest weather subsided and prices retruned to normal after increasing earlier in the year. Potato prices started well this year as bad weather reduced availability. News of adequate harvests reduced fears and prices came down again.
Milk prices have increased steadily over the last 18 months with good demand and supply ensuring a good market. Good market conditions also apply to the beef market. Sheep and lamb prices have been sustained but prime prices are beginning to tail off.
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