AGRIndex – April Review

AGRIndex – April Review


The FINANCIAL --In April 2017, for the first time in the last nine month period, agriculture products became cheaper, but the decrease in prices was marginal — m/m AGRIndex equaled -0.50%.

However, on the sub-index level, FRUIT prices increased significantly at +18.63%, but decreases in VEGETABLES (-8.81%) and DAIRY (-7.12%) product prices offset the effect. The prices of MEAT products continued their latest trend and increased in m/m terms in April 2017, with a modest +2.64%.

Highest increase: Quince prices more than doubled in April 2017, but the main drivers of the increase in FRUIT prices were oranges and grapes — the harvest season for orange and grapes having past several months ago, while the demand for these fruits is high during the entire year.

Highest drop: Pepper (hot, Bulgarian Red, and Bulgarian Green) prices dropped by more than 26% in the last month, but the decrease in eggplant prices by 25% cut the overall VEGETABLE prices the most.

The price of the basket that the AGRIndex tracks was up by 10.33% in year-to-year terms in April 2017. On the other hand, compared to the average value of the base period (from March 2015 to February 2016), the price of the same basket increased by 9.65%.