EU Agricultural Price Indices – Q1 2025

In the first quarter of 2025, the average price of agricultural output in the European Union increased by 2.6%, marking the second consecutive quarter of price growth.

Noticeable Increases

The average price of non-investment-related goods and services used in agriculture – such as energy, fertilizers, and animal feed – also recorded a slight increase of 0.2%. This marks the first rise in input costs since Q1 2023, according to Eurostat's latest agricultural price index data.

Among key agricultural products, the highest price increases compared to Q1 2024 were observed for:

• Milk: +12.6%
• Eggs: +10.7%
• Cereals: +9.6%

Conversely, sharp price declines were recorded for:

• Olive oil: -43.5%
• Potatoes: -13.4%
• Pigs: -11.2%

Input Costs – Slight Rebound

Among non-investment inputs, the most significant increase was seen in:

• Veterinary expenses: +3.0% Followed by:
• Fertilizers: +0.9%
• Energy and lubricants: +0.7%

Price Growth Across Most EU Member States

Compared to Q1 2024, 23 EU countries experienced agricultural output price increases in Q1 2025. The most significant year-over-year price increases were registered in:

• Ireland: +19.3%
• Luxembourg: +15.6%
• Hungary: +14.6%

By contrast, price decreases were recorded in:

• Spain: -9.7%
• Greece: -7.1%
• Portugal: -2.8%
• Malta: -2.0%

Regarding input prices (excluding capital goods), 14 countries experienced increases. The highest year-over-year input price rises were observed in:

• Hungary: +6.8%
• Netherlands: +6.2%
• Romania: +5.8%

Meanwhile, the sharpest declines were noted in:

• Lithuania: -5.0%
• Cyprus: -3.8%
• Latvia: -3.6%