14 January 2021
First rise since Christmas
FOR the first time since Christmas, the GB Weekly Average Price Index (WAPS) has seen arise, although it is still lower than the same time last year, according to figures released by the Agricultural and Horticultural Development Board (AHDB).
Overall tonnage is down 7% on a like-for-like basis compared to the start of 2020. For the week ending January 9th, there was almost 5% more trade on contract compared to last year.
"Overall trade is down quite significantly compared to weeks in December but this follows normal seasonal trends," a statement from the organisation revealed. "Similarly to the comparison to January last year, when compared to pre-Christmas trade, there is a heavier weighting to contracted material for trade in the first week of January."
The WAPS values are weighted averages calculated from volume and value data from all market sectors. The average price includes both free-buy and contract purchases. The free-buy price includes free-buy data only. For a more detailed explanation please see below.