Agricultural Prices Increase In March

The latest national statistics produced by Defra on agricultural price indices in the UK were released recently and show that prices on the whole incrased between February and March 2012 and between 2010 and 2011. The monthly index of producer prices of agricultural products for March 2012 was 169 compared with 166.2 for February, an increase of 1.02%. The annual index for 2011 was 163.7 compared with 2010 when it was 144.9,a 1.13% increase. The monthly index of purchase prices of the means of agricultural production for March 2012 was 152 compared to February's 150.3, giving an increase of 1.01%. The annual index for 2011 was 151.2 up from 135.6 in 2010 or 1.12% increase.