Agricultural Input Costs Continue to Outpace Producer Prices
· GıdaTarım
While the Agricultural Input Price Index fell 0.92% month-on-month in June, the annual increase of 32.06% remained above producer prices.
Monthly Decrease in Input Costs
Evaluating the June 2026 data announced by the Turkish Statistical Institute, Antalya Chamber of Commerce and Antalya Agriculture Council Chairman Ali Çandır announced that the Agricultural Input Price Index decreased by 0.92% on a monthly basis. This figure was recorded as the lowest June data in the last 10 years. The Agriculture-GFE showed an annual increase of 32.06%. Çandır reported that the monthly decrease was below the June average of 2.14% observed since 2015, and the annual increase was behind the 10-year average of 33.37%.
Annual Rise in Fertilizer Continues
According to TÜİK data, the index for goods and services used in agriculture decreased by 1.20% monthly and increased by 33.88% annually. The index for goods and services contributing to investment recorded a monthly increase of 0.93% and an annual increase of 21.49%. When examining the items, monthly changes were -0.24% for seeds, -2.61% for energy, -2.10% for fertilizer, 1.23% for pesticides, -3.32% for veterinary services, and -1.44% for feed. On an annual basis, the sharpest rise was recorded in fertilizer at 50.99%, while other items increased by 34.40%, feed by 31.86%, seeds by 31.44%, and energy by 31.21%.
Producer Prices Lag Behind Costs
Stating that the producer price index was announced as -9.02% monthly and 9.55% annually, Antalya Chamber of Commerce (ATB) and Antalya Agriculture Council (ATAK) Chairman Ali Çandır drew attention to the price gap:
"This rate remained significantly below the 15-year June average of 1.68%. During the same period, the long-term average of agricultural input costs was 2.14%. This difference clearly shows the cost pressure faced by producers on a monthly basis."
Continuing his statements, Ali Çandır touched upon the long-term difference between producer and input prices:
"While the 15-year June average was 27.20%, the average of agricultural input costs during the same period was 33.37%. This picture reveals that producer prices have not been able to keep up with cost increases over many years."