site.btaBulgaria Has EU's Fifth Biggest Increase of Agricultural Prices in Q1

In the first quarter of 2025, the average price of agricultural output in the EU rose by 2.6%, marking a second consecutive quarter of price increases, according to a new Eurostat report put out Thursday. Bulgaria saw the fifth biggest increase among the EU member states, with 13%. It was also the biggest price increase for this country since the fourth quarter of 2022 (19.36%).

The average price of goods and services used in agriculture and not related to investment - such as energy, fertilizers or feeding stuffs - also rose, albeit very slightly (0.2%). This was the first rise in the average price of agricultural inputs since the first quarter of 2023. 

Among key agricultural products, there were sharp price rises for milk (+12.6%), eggs (+10.7%) and cereals (+9.6%) compared with the first quarter of 2024. By contrast, there were sharp declines for olive oil (-43.5%), potatoes (-13.4%) and pigs (-11.2%).

Among inputs not related to investment, the largest increase was in veterinary expenses (+3.0%), with more moderate increases in fertilizers (+0.9%) and energy and lubricants (+0.7%).

The steepest price increase was seen in Ireland (19.3%), Luxembourg (15.6%) and Hungary (14.6%).

A price drop is reported in Spain (9.7%), Greece (7.1%), Portugal (2.8%) and Malta (2%).