Agricultural price trends in the EU in 2000: Summary
By G Mahan, Eurostat - Eurostat have released their annual report of price trends in the European Union in 2000. In 2000, the index of producer prices for the EU as a whole, in real terms rose moderately (+1.6%), thus reversing the downward trend seen in 1997, 1998, and 1999. In the Pig sector the report shows average pig prices increased significantly, along with energy costs and to a lesser extent feed costs.
20 June 2001
2 minute read
Below are the main bullet points highlighting the factors affecting the European Pig Industry
- Across the whole European Union (EU-15) the terms of trade for agriculture fell by and average of 1.4% in 2000.
- The Danes had the highest increase in their terms of trade (+6.2%) followed by the Dutch (+4.5%).
- This was balanced by decreases of 6.1% in Sweden and 4.9% in the UK.
- Over the last 5 years (1996-2000) the UK's change in real terms of trade is down a total of 28.2%. This equates to an average decline of 5% per annum and is the largest fall in the EU over the 5 year period.
- Prices increased for almost all for animals: Pig prices were up a considerable +23.4%. However, this increase was on the back of declines of 27.3% and 8.1% in 1998 and 1999 respectively.
- The upward turn in the pig price index, coincided with a moderate decline in gross indigenous production.
- On average, energy prices increased by 26.2%
- Feed prices increased by 4.1%
