Cattle output for 2017 up by 6.3% on last year


The Central Statistics office have released their estimates of operating surplus in agriculture for 2017.

Cattle output for 2017 up by 6.3% on last year

  • ADDED
  • 10 mths ago

The Central Statistics office have released their estimates of operating surplus in agriculture for 2017.

The Central Statistics Office, CSO, have released their first estimate of operating surplus in agriculture for 2017.

The publication shows an annual increase of 33.7% overall in the sector, with the main drivers being milk and livestock outputs. These increase by 39.2% and 6.6% respectively. Goods output at producer prices have seen increases of 12.8%, which is the equivalent of €903 million. This is valued at a total at €7,961million for 2017.

Dairy:
Milk was named as the biggest contributor to the growth experiences in the goods output, with milk output increasing by €702 million this year and prices up by 28.3%. Milk volumes were also up this year, by 8.6%.

The value of cattle output also increased, by 6.3%, and is estimated to be valued at €2,425m. This is an increase of €143m over 2016 numbers, and was driven by improved prices (+2.7%) and a higher volume of production (+3.8%).

Pigs and others:
Pig output also saw increases, up 11.2% to €520 million. This, again, is due to improved prices.

Total intermediate consumption was also up, 1.5% greater than in 2016 and is estimated to be €5,182m. Spending on commercial feedingstuffs increased by 5.1% to reach €1,420m, due to an increase of 7.0% in the volume of consumption. Expenditure on fertilisers totaled €505 million this year, which is a decrease of 0.6% on last year. This despite an overall increase in the volume of fertiliser used.

The costs of energy and lubricants increased by 5.3%, which equates €20m, due to oil price rises. The value of other subsidies less taxes on production is estimated to have increased by 3.4% from €1,592m in 2016 to €1,646m in 2017.

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