Terms of trade index adult 5.1% in Jul 2020 compared to Jul 2019

Terms of trade index adult 5.1% in Jul 2020 compared to Jul 2019Terms of trade index adult 5.1% in Jul 2020 compared to Jul 2019

The rural terms of trade index was 5.1% aloft in Jul 2020 compared to Jul 2019, according to a latest total from a Central Statistics Office (CSO).

On an annual basement a outlay index increasing by 1.8%. At a same time, a submit index decreased by 3.2%.

Looking during a month-on-month comparison (June to July), a outlay index increasing by 1.4%, while a submit index was unchanged. This resulted in a month-on-month boost in a terms of trade by 1.4%.

Output index

Breaking down a outlay sub-indices, animal outlay increasing by 4.8% in Jul of this year compared to Jul of final year, and increasing 1.8% month-on-month from June.

For animal products, there was a ubiquitous annual change upwards of 2.6%, or 1.4% month-on-month.

This was comprised of a 2.7% annual boost for a divert sub-index (up 1.4% month-on-month); a 0.5% annual boost for a eggs sub-index (unchanged month-on-month); and a estimable annual diminution of 66% for a nap sub-index (unchanged month-on-month).

Turning to crops, a altogether outlay index fell by 15.5% annually, and 1.1% month-on-month.

This was comprised of a 27.5% annual diminution for a cereals (including seeds) sub-index (unchanged month-on-month); a 2.7% annual diminution in a vegetables sub-index (no month-on-month figure available); and a 9.4% annual diminution in a potatoes (including seeds) sub-index (no month-on-month figure available.

Input index

Turning to a submit sub-indices, a altogether figure for fertilizer showed an annual diminution of 11.6%, and a month-on-month diminution of 1%.

The index for appetite inputs available an altogether diminution of 9.5% annually (though available a month-on-month boost of 2.2%).

This was comprised of a 2.7% annual diminution for electricity (unchanged month-on-month); a 12% annual diminution for engine fuels (up 3.1% month-on-month); and a 1.6% annual diminution for lubricants (down 0.1% month-on-month).

On feeding stuffs, altogether a index decreased by 2.2% annually, and was unvaried month-on-month.

Other pivotal submit total include: an annual diminution for seeds of 7.1% (unchanged month-on-month); a 0.2% annual boost for plant insurance products (decreased 0.4% month-on-month); a 1.4% annual boost for veterinary losses (unchanged month-on-month); a 0.8% annual boost for upkeep of products and services (decreased 0.1% month-on-month); and a 1.4% annual boost for other products and services (decreased 0.2% month-on-month).

Article source: https://www.agriland.ie/farming-news/terms-of-trade-index-up-5-1-in-july-2020-compared-to-july-2019/

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