The first publication of the agricultural prices index using the new 2010 base year was published by Defra on 18 July 2013. Slight changes are expected when compared to the 2005 base year price series.
The agricultural price index for all outputs in May rose by 1% and remains 12% up on last year. The price index for all inputs fell by 1.2% in May and is 4.6% higher than last year.
All outputs prices increased 1% in May and 11.8% over the year. Crop products prices increased 1.1% on the monthly comparison and 17.7% on the annual comparison. Potato prices continue to rise due to low supply of last seasons potatoes and a late start to the harvest of new season potatoes. Fresh fruit prices fell 28% in May mainly due to a 32% fall in the price of strawberries due to an increase in supply. Vegetable prices did not change much. Tomato prices fell 20% due to increased supplies of imported tomatoes. Lettuce and onion prices increased as a result of reduced supplies. Animal and animal produce prices fell slightly by 1.1% but remain 6.4% up on the same time last year.
The prices of agricultural inputs fell 1.2% in May but remain 4.6% up over the year. Motor fuel fell by 3.5% and is therefore 6.9% lower than last year. Nitrogen prices are 14% down because of lower demand and retailers are reducing prices to increase sales. Animal feeds prices remained more or less stable (-0.4%) and 15.7% above prices last year.
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