Eurostat: costs of agricultural manufacturing within the EU fell by 6 % throughout the yr. | Enterprise

Based on his knowledge, the common value of agricultural manufacturing decreased by 6 %, and the common value of products and providers utilized in agriculture (manufacturing prices not associated to investments) decreased by 11 %.

The EU Statistics Company reminds that following the disturbances within the first yr of the COVID-19 pandemic, in 2021 and throughout the first three quarters of 2022, the costs of agricultural merchandise rose quickly, then the rise slowed down and was changed by a fall in costs. Lately, agricultural output and manufacturing enter costs have been shifting in the direction of pre-pandemic ranges.

The costs of many forms of agricultural manufacturing modified in several and contrasting methods in January-March in comparison with the identical interval final yr. The common value of grain fell notably sharply – by 28 %. The value of milk fell by 12 %, eggs and industrial crops (oilseeds, protein crops, sugar beets and different merchandise) by 10 %, and recent greens by 6 %, particularly tomatoes (33 %).

In distinction, the common value of potatoes rose by 22 %, and recent fruit by 20 %.

Amongst non-investment-related technique of manufacturing, the costs of fertilizers and soil improvers (31%), feed (16%), power and lubricants (12%) decreased probably the most.