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Cyprus Farmers See Lower Input Costs As Producer Prices Rise 5.4% In First Quarter Of 2026

Agricultural input and investment prices in Cyprus fell 2.62% year over year in the first quarter of 2026, while producer prices for agricultural products rose 5.4%, according to data from the state statistical service, Cystat.

The price index for agricultural intermediate consumption and investment stood at 121.37, using 2020 as the base year. Some key costs declined, although farmers continued to face higher prices for machinery, transport equipment and agricultural materials.

Key Input Costs Move In Different Directions

Prices for seeds and planting stock fell 19.4%, the sharpest annual decline among the main input categories. Electricity costs also decreased, dropping 10.95% year over year. Other costs increased. Prices for transport equipment and tractors rose 16.5%, while agricultural materials became 8.23% more expensive.

Producer Prices Rise Across Crops And Livestock

The producer price index for agricultural products reached 134.24, up 5.4% from a year earlier. Crop production led the increase, with its index rising 7.09% to 156.20. Livestock prices also increased, with the sector’s index reaching 124.38, up 4.55% year over year.

Tomatoes And Beef Post The Largest Gains

Tomato prices surged 90% in the first quarter, while apple prices rose 29.5%. Producer prices for seedlings fell 19.4%. Among livestock products, beef recorded the largest increase at 59%. Pork prices declined 15.4%, marking the biggest fall in the category.

Farmers Face Mixed Cost Pressures

Lower prices for seeds, planting stock and electricity could ease some pressure on farmers. Higher machinery, transport equipment and material costs, however, continue to add to production expenses.

At the same time, stronger producer prices for products such as tomatoes and beef could improve returns for producers in those segments.

Cyprus Business Electricity Prices Rank Among The EU’s Highest

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.

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