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Irish Agricultural Production Costs Rise

30 November 2012

IRELAND - Irish agricultural production costs are rising faster than the prices being achieve in the market according to the latest statitics from the Irish Central Statistics Office.

Preliminary estimates for 2012 show a 4.2 per cent increase in input prices on 2011 levels while output prices are estimated to increase by 3.6 per cent.

The terms of trade index is expected to decrease by 0.6 per cent, indicating an unfavourable price movement for farmers in the year.

The projected increase in the input price index of 4.2 per cent is due mainly to increases in energy which is predicted to rise by 8.6 per cent and feed which could go up by 5.5 per cent.

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