Agriculture producer prices indices 2016–2021
12/05/2022
The FAO indices of agricultural producer prices measure the average annual change over time in the selling prices received by farmers (prices at the farm-gate or at the first point of sale) for primary crops, live animals’ weight and livestock primary products. The source of official country Agriculture Producer Prices is a questionnaire sent annually to the national statistical offices in all countries in May of the reference year, in addition to two previous years. Country agriculture producer price indices are updated in FAOSTAT on an annual basis.
In 2019 and 2020, large variations in producer price indices were observed, mainly due to COVID-19 pandemic restrictions, which disrupted the supply chain and pushed many countries to stockpile food reserves out of food security concerns, unfavourable weather events in key exporting countries and strong demand for biofuels by non-commercial traders. Estimates for 2021 show a sustained increase in producer prices.
