Home News Producer Price Index of Agricultural Products increased by 0.45% in June 2020

Producer Price Index of Agricultural Products increased by 0.45% in June 2020

440
0

Producer Price Index of Agricultural Products, June 2020 in Turkey

Agriculture-PPI (2015=100) on the previous month increased by 0.45%, on December of the previous year increased  by 8.49%, on same month of the previous year increased by 14.50% and on the twelve months moving averages basis increased by 14.29% in June 2020.

Compared to the previous month in sectors; products of agriculture, hunting and related services increased by 0.40%, forestry products and related services increased by 1.58% and fishing products and other fishing products increased by 1.74%. Regarding monthly changes by main groups; non-perennial crops decreased by 0.78%, live animals and animal products increased by 0.35% and perennial crops increased by 2.96%.

Agriculture-PPI annual change (%), June 2020

The lowest annual increase was 2.42% in poultry, live and eggs subgroup

In June 2020, vegetables and melons, roots and tubers where lowest annual increase realized with 5.60% on the same month of the previous year. On the other hand, rice (in hulk) with 21.77%, cereals (except rice), leguminous crops and oil seeds with 21.23% and fibre plants with 19.36% were the subgroups where high annual increases realized on the same month of the previous year.

Agriculture – PPI annual rate of changes in subgroups (%), June 2020

The highest monthly decrease was 9.31% in poultry, live and eggs subgroup

In June 2020, the other group that indicated a decrease was vegetables and melons, roots and tubers with 2.67% amongst the subgroups. On the other hand, sheep and goats live; raw milk and shorn wool from sheep and goats with 3.72%, rice (in hulk) with 2.91% and oleaginous fruits with 2.59% were the subgroups where high monthly increases realized.

Agriculture – PPI monthly rate of changes in subgroups (%), June 2020

In June 2020 within average prices of 82 items in the index; the average prices of 23 items decreased and the average prices of 8 items remained unchanged while the average prices of 51 items increased.

The next release on this subject will be on August 14, 2020.


Source: TurkStat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


Previous articleIn Turkey house sales increased by 209.7% in June 2020
Next articleChicken meat production in Turkey decreased by 2% in May compared with the previous month

LEAVE A REPLY

Please enter your comment!
Please enter your name here