Germany: Record prices for agricultural products in 2022
Producer prices of agricultural products were 29.7% higher in December 2022 than in the same month a year earlier.
The Federal Statistical Office (Destatis) reports that the year-on-year increase continued to slow. The year-on-year rate of change had been +31.9% in November 2022 and +37.9% in October 2022. Compared with November 2022, prices fell by 0.4%. The prices of plant products rose by 13.4% on the same month a year earlier, which was a smaller increase than that of animal products prices (+42.3%). The rate of change had been +16.7% for plant products in November 2022 and +43.7% for animal products. Compared with the previous month, the prices of plant products fell by 2.3% in December 2022, while the prices of animal products rose by 0.9%.
Animal product prices in December 2022 were 42.3% higher than in December 2021. The price of milk in December 2022 was 46.7% higher than in the same month last year, but fell by 0.4% compared to November 2022. This is the first month-on-month price decrease since February 2021. The price increase for eggs was 44.1% compared to December 2021 and has thus increased continuously since the beginning of 2022 compared to the same month last year.
Animal prices increased by 38.1% in December 2022 compared to December 2021. In November 2022, the price increase compared to the same month last year was 36.5%. The prices for slaughter pigs in December 2022 increased by 61.2% compared to December 2021, for cattle by 13.1%. Poultry prices were 33.2% higher in December 2022 than in December 2021. The main reason for this was the price development for chicken (+32.3%).
Producer prices of agricultural products, total, December 2022
+29.7% on the same month a year earlier
-0.4% on the previous month
+32.9% on an annual average in 2022 compared with 2021
Prices of plant products
+13.4% on the same month a year earlier
+27.7% on an annual average in 2022 compared with 2021
Prices of animal products
+42.3% on the same month a year earlier
+36.8% on an annual average in 2022 compared with 2021
"This is a great result, the fruit of a complex and long negotiation conducted with ext...
The United States was again the largest market during August, with an increase of seven per cent ...
According to the association's forecasts, Brazil is expected to end the year reaching the milesto...
