Producer Price Index of Agricultural Products, January 2020 in Turkey

Agriculture-PPI (2015=100) on the previous month increased by 3.02%, on December of the previous year increased  by 3.02%, on same month of the previous year increased by 10.41% and on the twelve months moving averages basis increased by 21.48% in January 2020.
Compared to the previous month in sectors; product of agriculture, hunting and relating services increased by 2.94%, forestry products and related services increased by 3.37% and fishing products and other fishing products increased by 5.54%. Regarding monthly changes by main groups; perennial crops decreased by 1.60%, live animals, animal products increased by 2.55% and non-perennial crops increased by 5.82%.

Agriculture-PPI annual change (%), January 2020

The lowest annual decrease was 20.07% in vegetables and melons, root and tubers subgroup

In January 2020, poultry, live and eggs was the other subgroup where high annual decreases realized with 10.27% on the same month of the previous year. On the other hand, other tree and bush fruits and nuts with 43.58% and citrus fruits with 39.39% were the subgroups where high annual increases realized on the same month of the previous year.

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

The highest monthly decrease was 1.55% in fibre plants subgroup

In January 2020, the other group that indicated a decrease was sheep and goats, live;raw milk and shorn wool from sheep and goats with 0.37% amongst the subgroups. On the other hand, vegetables and melons, roots and tubers with 11.19% and citrus fruits with 3.95% were the subgroups where high monthly increases realized.

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

In January 2020 within average prices of 86 items in the index; while 1 new item was included this month, the average prices of 18 items decreased and the average prices of 9 items remained unchanged while the average prices of 58 items increased.

The next release on this subject will be on March 16, 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 Karen Audit 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.