Producer Price Index of Agricultural Products, August 2020 in Turkey

Agriculture-PPI (2015=100) on the previous month increased by 0.22%, on December of the previous year increased  by 9.25%, on same month of the previous year increased by 17.36% and on the twelve months moving averages basis increased by 13.74% in August 2020.

Compared to the previous month in sectors; forestry products and related services decreased by 1.54%, fishing products and other fishing products decreased by 0.24%. However, products of agriculture, hunting and related services increased by 0.27%. Regarding monthly changes by main groups; non-perennial crops decreased by 0.81%, live animals and animal products increased by 0.55% and perennial crops increased by 2.01%.

Agriculture-PPI annual change (%), August 2020

The lowest annual increase was 5.60% in poultry, live and eggs subgroup

With respect to the same month of the previous year, vegetables and melons, roots and tubers with 7.90% and oleaginous fruits with 9.59% were the other subgroups where low increases realized. On the other hand, grapes with 30.50%, pome fruits and stone fruits with 30.39% and tropical and subtropical fruits with 27.47% were the subgroups where high annual increases realized on the same month of the previous year.

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

The highest monthly decrease was 9.77% in other tree and bush fruits and nuts subgroup

The other subgroups that indicated decreases were vegetables and melons, roots and tubers with 6.35% and grapes with 2.75% amongst the subgroups. On the other hand, cereals (except rice), leguminous crops and oil seeds with 4.49%, other farmed animals and animal products with 2.62% and pome fruits and stone fruits with 2.23% were the subgroups where high monthly increases realized.

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

In August 2020, 86 items in the index; the average prices of 28 items decreased and the average prices of 8 items remained unchanged while the average prices of 50 items increased.

The next release on this subject will be on October 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 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.