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PRESS ROOM
Calendar 6/2/2024

2023 ended with a 31% decrease in the price of agricultural inputs.

2023 cerró con una disminución de 31 % en el precio de los insumos agrícolas
The drop in input prices is primarily due to the decrease in the quotation of fertilizers, which decreased by 39.35% during the year.  
The index of prices for balanced animal feed decreased by -9.44%. 

Bogotá D.C., (@UPRAColombia, @claudialili76). The index of agricultural input p​rices​ ended with a positive balance for Colombian farmers, as these products decreased in price by 31% during 2023. This was revealed by the latest bulletin prepared by the Rural Agricultural Planning Unit (UPRA), which records the annual price behavior of fertilizers, pesticides, other inputs, and balanced animal feed.
 
 

Tabla1 variación porcentual del índice total.​
 

​​​Claudia Cortés, the director of UPRA, stated, "The aggregated index of agricultural input prices representing the national retail market for fertilizers, pesticides, regulators, adjuvants, and molluscicides closed 2023 with declining quotations. In December, it showed a monthly variation of 1.67%, while the accumulated variation throughout the year demonstrated an average decrease of 31%, providing relief compared to the 28.42% increase recorded in 2022."
 

Grafico1 Variación porcentual del indice total​
 

The fertilizer group reflected the most significant drop in input prices, with an accumulated variation of -39.35%. Simple fertilizers decreased by -44.82%, and compound fertilizers by -34.72%.

Pesticides saw a decrease in their quotations by -10.03% in 2023. Within this group, herbicides and fungicides decreased by -16.8% and -1.6%, respectively. Meanwhile, insecticides increased by 4.74%.​​​​
 
Finally, in the category of other inputs, there was a slight increase in prices (6.99%). This group includes adjuvants (6.99%), regulators (5.56%), and molluscicides (42.48%).

Feed for poultry, aquaculture, cattle, and pigs also decreased in price in 2023.

The UPRA bulletin detailed information on the index of prices for balanced animal feed, which, in 2023, recorded a decrease of -9.44%, a very positive figure compared to the increase of 30.67% in 2022.

Breaking down each group, feed for aquaculture decreased by -5%, in poultry, the decrease was -12.23%, for cattle, -8.57%, and for pigs, -11.39%.
 

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