n Ireland, agricultural prices have seen notable changes in 2024. Input prices, such as fertilizers and feeding stuff, have decreased significantly, with fertilizers dropping by 24.3% and feed prices by 13.8% compared to 2023CENTRAL STATISTICS OFFICE. Conversely, the prices for agricultural outputs have risen, particularly for potatoes, milk, and sheep. Potato prices surged by 31.6%, while sheep prices and milk prices rose by 15.4% and 15.1%, respectivelyCENTRAL STATISTICS OFFICETEAGASC. However, cereal prices have faced a significant decline, falling by 21%CENTRAL STATISTICS OFFICE. This shift in input and output prices results in a projected 18.5% improvement in the terms of trade for 2024CENTRAL STATISTICS OFFICE.
