Over the 12 months to November 2025, increases in input prices were recorded for fertilisers (+14.3%), electricity (+5.0%), and veterinary expenses (+4.7%).

The Central Statistics Office (CSO) has today (Friday, January 16) published Agricultural Price Indices November 2025.

According to the CSO, in the 12 months to November 2025, the Agricultural Input Price Index increased by 2.9% while the Agricultural Output Price Index rose slightly by 0.1%.

The Agricultural Output Price Index for November 2025 fell by 2.2% in the month since October 2025, driven by a 6.5% fall in the Milk Price Index.

The Input Price Index showed no change in the month to November 2025.

The most significant Output Price changes in the 12 months to November 2025 were in cattle (+42.1%) and milk (-26.4%).

Terms of Trade fell by 2.3% in November 2025 when compared with the previous month and was 2.7% lower when compared with November 2024.

CSO

Commenting on the release, senior statistician in the Agriculture Division at CSO, Sam Scriven said: "In November 2025, the Agricultural Output Price Index fell by 2.2% compared with the previous month, driven by a fall in the price of milk (-6.5%).

"Over the same period the Agricultural Input Price Index remained unchanged. Compared with November 2024, the Input Price Index increased by 2.9% while the Output Price Index rose marginally by 0.1%.

"The most significant changes in the output prices in the 12 months to November 2025 were in cattle (+42.1%) and milk (-26.4%). The largest change in input prices when compared with November 2024 was in fertilisers (+14.3%)."

The indices monitor trends in prices paid to farmers for their produce and in prices paid by farmers for purchases of goods and services.

The CSO said that an EU harmonised methodology is used to compile these price indices. The estimates are also sent to Eurostat, the Statistical Office of the European Union.

The actual prices used for the index series are based on the market price without the deduction of bonuses, taxes or levies with the exception of deductible value added tax and third-party levies.

Standardised prices are used for milk and cereals to ensure that products of identical quality are priced in successive periods.

In the case of milk for manufacturing, this means pricing at a fixed fat and protein content. Standardised cereal prices are based on the harvest price at 20% moisture content, the CSO has emphasised.