Agricultural input prices increased by 27.8 percent


According to TURKSTAT data, in Agri-GFE (2015=100), in September 2021, 1.56 percent compared to the previous month, 17.30 percent compared to December of the previous year, 27.79 percent compared to the same month of the previous year and Compared to the twelve-month averages, there was an increase of 22.19 percent.

Compared to the previous month, the index of goods and services contributing to agricultural investment increased by 0.42 percent and the index of goods and services used in agriculture increased by 1.74 percent in the main groups. Compared to the same month of the previous year, the index of goods and services contributing to agricultural investment increased by 23.23 percent and the index of goods and services used in agriculture increased by 28.55 percent.

According to the annual Agri-GFE, 7 subgroups showed lower variation and 4 subgroups higher variation

The subgroups with low annual increase were seeds and planting materials with 10.20 percent, pesticides with 12.33 percent and materials with 15.64 percent, respectively. On the other hand, the subgroups with the highest annual increase were fertilizers and soil improvers with 71.47 percent, building maintenance costs with 43.67 percent, and farm buildings (non-residential) with 42.28 percent, respectively.

According to the monthly Agri-GFE, 8 subgroups showed lower change and 3 subgroups changed higher

The subgroups with low monthly increase were seed and planting material with 0.09 percent and veterinary expenses with 0.37 percent, respectively. On the other hand, the subgroups with the highest monthly increase were fertilizers and soil improvers with 6.21 percent, and energy and oils with 3.31 percent, respectively. The only subgroup that showed a decrease compared to the previous month was farm buildings (non-residential) with 0.03 percent.

Agri-GFE monthly rate of change by subgroups (percent), September 2021


Source: Dünya Gazetesi by www.dunya.com.

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