Home Farming CSO Figures for March shows Agri production up by 2.2%

CSO Figures for March shows Agri production up by 2.2%

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March 2018

  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%

Agricultural Input price index up 2.2% in the year to March 2018

Agricultural Price Indices Figure 1
 

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.