Luxembourg’s farmers have seen some of the strongest gains in Europe, as the value of their products climbed sharply over the past year, according to a new Eurostat report.
Farm products values continue to increase in Luxembourg, for the third quarter in a row. Agricultural output prices, which refer to the prices farmers are paid for their products, saw a particular rise since last year, according to a new Eurostat report. While the EU as a whole recorded an average increase of 5.6%, Luxembourgish farmers experienced a particularly steep jump in output value since last year. Their goods went up 18.4% in worth, placing the country in the top 3 of EU members with the steepest year-on-year price increases.
© Eurostat
Eggs, fruit, and milk saw a particular value hike, surging by 27.8%, 21.1%, and 13.3% respectively. While no Luxembourg-specific data was published for eggs and fruit, milk prices rose by 17.3% in the Grand Duchy, well above the EU average.
Among our neighbours, Germany showed an increase of 5.7%, with Belgium going up a mere 1.53%. In contrast, France’s output cost showed little to no change compared to previous year.
While EU farmers saw their products appreciate in value, input prices, the production expenses they bear, have remained virtually unchanged across the EU.
