KSH: the decline in agricultural prices accelerated in August

Agricultural procurement prices decreased by 7.4 percent in August, compared to the year before.

After the 2.3 percent drop of July, agricultural procurement prices are decreasing for the second consecutive month in an annual comparision – the Central Statistics Office (KSH) announced on Thursday.

The price paid for crops was lower by 14.6 percent, including a the drop in cereal prices accelerated to 23.0 percent in August, after the 12.0 percent decline of July. (MTI)