| Output | Input | Terms of Trade | |
| Base year 2015=100 | |||
| March 2017 | 103.7 | 98.3 | 105.5 |
| February 2018 | 105.7 | 100.1 | 105.6 |
| March 2018 | 104.2 | 100.4 | 103.8 |
| Monthly % Change | -1.4% | 0.3% | -1.7% |
| Annual % Change | 0.5% | 2.2% | -1.6% |
The agricultural output price index decreased by 1.4% in March 2018 compared with February 2018. The agricultural input price index increased by 0.3% over the same period. The resulting terms of trade index decreased by 1.7% in March 2018. See Tables 1, 2 and Figure 1.
On an annual basis, the agricultural output price index was up 0.5% in March 2018 compared with March 2017. The agricultural input price index increased by 2.2% in March 2018 compared with March 2017. See Tables 1 and 2.
A further comparison of the March 2018 output sub-indices with the March 2017 sub-indices shows that the largest increase was sheep which was up 19.1%.
On the input side, the biggest increase was in Feeding Stuffs which were up 3.4% on March 2017 prices.