Basic agricultural product prices up 2% y/y in Aug.

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Last month prices for basic agricultural products, i.e. wheat, rye, beef, pork, poultry, and milk grew by 2.9 percent compared to July and by 2 percent y/y, Polish Central Statistical Office (GUS) reported. In August the purchase prices of most agricultural products rose on the monthly basis, with the exception of potatoes. On the annual basis, the prices grew as well, apart from prices of corn, pork, and milk.

The price of wheat in August amounted to 75.18 PLN / dt (100 kg) and was higher by 8.5 percent than a month ago. Rye price stood at 62.65 PLN / dt, i.e by 11.8 percent more than a month ago.  The purchase price of barley (68.86 PLN / dt) grew by 10.1 percent from July and by 13.9 percent y/y.

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