February 15 (SeeNews) - Bulgaria's producer price index (PPI) in agriculture dropped by an annual 20.5% in the last quarter of 2023 due to a 25.6% decline in crop output prices, the country's statistical office said on Thursday.
In October-December, prices of grain crops sank 33.3% year-on-year, with soft wheat prices losing 34.8%, the National Statistical Institute (NSI) said in a quarterly report. Industrial crop prices fell by 29.2% in annual terms, following a 32.1% decrease in sunflower prices.
You can download the 2023 Agriculture industry in Southeast Europe report here
In contrast, animal output prices rose by 1.5% on the year, while live animal prices added 7.8%. The prices of animal products went down by 6.1% due to lower cow milk and hen egg prices, by 11.5% and 6.6%, respectively.
The price index of goods and services in agriculture in the fourth quarter of last year was 2.3% lower than in the same period of 2022, the NSI said.