Eurostat: Agricultural Production Prices Continue to Rise

During the first quarter of 2025, the average price of agricultural production in the EU increased by 2.6%, which is the second consecutive quarter of growth, Eurostat reports. The average price of goods and services used in agriculture and not related to investments - such as energy, fertilizers, or feed - has also slightly increased. This is the first price increase of agricultural raw materials since the beginning of 2023. Among key agricultural products, there is a sharp price increase for milk at 12.6%, eggs at 10.7%, and grain crops at 9.6% compared to the first quarter of 2024. In contrast, there is a price drop for olive oil, which became cheaper by 43.5%, potatoes - by 13.4%, and pork - by 11.2%. Among non-investment input resources, the largest increase was registered in veterinary expenses, which rose by 3%, with a more moderate increase in fertilizers - by 0.9% and energy and lubricants - by 0.7%. The price increase of agricultural production in the first quarter of ...