Raw milk of cattle — Producer Price in Iceland
Iceland: Raw milk of cattle — Producer Price was 128,233 LCU in 2024. ▲ Rising
Raw milk of cattle — Producer Price in Iceland, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in LCU.
Analysis
In 2024, raw milk of cattle — producer price in Iceland stood at 128,233 LCU. That is the highest value across all 34 years on record.
That represents a change of up 6.6% on the previous year and up 75.1% over ten years.
Over the whole period, raw milk of cattle — producer price in Iceland peaked at 128,233 LCU in 2024 and was at its lowest, 43,710 LCU, in 2007.
That places Iceland 27th out of 129 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Raw milk of cattle — Producer Price in Iceland, year by year
| Year | LCU | Change |
|---|---|---|
| 1991 | 48,469 LCU | — |
| 1992 | 49,942 LCU | +3.0% |
| 1993 | 50,785 LCU | +1.7% |
| 1994 | 50,019 LCU | -1.5% |
| 1995 | 50,581 LCU | +1.1% |
| 1996 | 48,682 LCU | -3.8% |
| 1997 | 52,500 LCU | +7.8% |
| 1998 | 59,186 LCU | +12.7% |
| 1999 | 61,870 LCU | +4.5% |
| 2000 | 66,470 LCU | +7.4% |
| 2001 | 70,590 LCU | +6.2% |
| 2002 | 74,280 LCU | +5.2% |
| 2003 | 78,850 LCU | +6.2% |
| 2004 | 80,740 LCU | +2.4% |
| 2005 | 83,490 LCU | +3.4% |
| 2006 | 82,860 LCU | -0.8% |
| 2007 | 43,710 LCU | -47.2% |
| 2008 | 54,550 LCU | +24.8% |
| 2009 | 66,800 LCU | +22.5% |
| 2010 | 67,400 LCU | +0.9% |
| 2011 | 70,890 LCU | +5.2% |
| 2012 | 68,890 LCU | -2.8% |
| 2013 | 73,220 LCU | +6.3% |
| 2014 | 73,220 LCU | +0.0% |
| 2015 | 75,022 LCU | +2.5% |
| 2016 | 75,022 LCU | +0.0% |
| 2017 | 80,620 LCU | +7.5% |
| 2018 | 83,462 LCU | +3.5% |
| 2019 | 87,674 LCU | +5.0% |
| 2020 | 92,459 LCU | +5.5% |
| 2021 | 97,789 LCU | +5.8% |
| 2022 | 108,136 LCU | +10.6% |
| 2023 | 120,319 LCU | +11.3% |
| 2024 | 128,233 LCU | +6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 52,448 LCU | 48,469 LCU | 61,870 LCU | 9 |
| 2000s | 70,234 LCU | 43,710 LCU | 83,490 LCU | 10 |
| 2010s | 75,542 LCU | 67,400 LCU | 87,674 LCU | 10 |
| 2020s | 109,387 LCU | 92,459 LCU | 128,233 LCU | 5 |
Countries ranked near Iceland
More agriculture & rural data for Iceland
- Agriculture, forestry, and fishing, value added (current US$), annual 19.96 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0365 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 3,593 current US$ per person (2025)
- Rural population, annual growth rate 0.8983 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.0578 units per person (2025)
- Share of GDP from agriculture 3.7% (2025)
- Agriculture as a share of GDP vs. GDP per capita 3.7% (2025)
- Agricultural raw materials exports 0.5% (2025)
- Agricultural raw materials imports 1.0% (2025)
Frequently asked questions
- What is raw milk of cattle — producer price in Iceland?
- Raw milk of cattle — producer price in Iceland was 128,233 LCU in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest raw milk of cattle — producer price recorded in Iceland?
- The highest recorded value was 128,233 LCU in 2024.
- What is the lowest raw milk of cattle — producer price recorded in Iceland?
- The lowest recorded value was 43,710 LCU in 2007.
- How does Iceland rank for raw milk of cattle — producer price?
- Iceland ranks 27th out of 129 countries with data for 2024.
- Is raw milk of cattle — producer price rising or falling in Iceland?
- Over the last ten years it is up 75.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Raw milk of cattle — Producer Price (LCU/tonne). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
This sub-domain contains data on agriculture producer prices and the producer price index. Agriculture producer prices are prices received by farmers for primary crops, live animals and livestock primary products as collected at the point of initial sale (prices paid at the farm gate). Annual data are provided from 1991 (while mothly data start in January 2010) for 180 countries and 212 products. The producer price index is the index of agricultural producer prices that measures the average annual change over time in the selling prices received by farmers (prices at the farm gate or at the first point of sale). The three categories of producer price index available in FAOSTAT comprise: single-item price index, commodity group index and the agriculture producer price index.