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Producers prices of fresh vegetables and fruits increased noticeably in May 2012

Indices of agricultural prices - May 2012

In May, producer prices of agricultural products rose compared to April (+0.1 %) ; year-over-year they went up by 1.3%.

Price of cereals decreased in May (-1.2 %). The prospect of abundant harvests in the northern hemisphere made the price to go down. The investors also considered the global economical situation as a risk factor, by partly withdrawing from the futures market.

Producer price of cereals

Producer price of cereals

Price of oleaginous decreased in May (-3.2 %). The decline of oil price made the biodoesel less competitive, a substituting fuel obtained from colza. The economical uncertainties weighed also on the price of colza, as for cereals.

Potato price falls in May year-over-year (–31.2 %). More surface areas were devoted to the culture of potatoes in North-West Europe and the yields were higher than last year.

Wine price increases sligthly in May (+0.8 %).

Price of fresh fruits increased in May year-over-year (+14.8 %). The rainy weather damaged cherries. The french strawberries sold easily due to a more moderate spanish competition than usually.

Producer price of fresh vegetables

Producer price of fresh vegetables

The price of fresh vegetable was higher in May that at the same period last year (+19.8 %). The low temperatures this spring diminished the supply of tomatoes and cucumbers. The rainy weather deteriorated a high quantity of salad plants. Lastly, endives farmers voluntarily restricted their productions to make the price go higher.

Producer prices of pigs and large cattle

Producer prices of pigs and large cattle

Price of animals went up in May (+0.5 %) on a seasonally adjusted basis. Prices of big cattle and poultry were dragged upwards by a dynamic demand. The price of pigs decreased : the for days labor weeks decreased the activity of slaughterhouses. Eggs kept on to be cheaper, the supply reinflating progressively. It stayed however on a sharp rise year-over-year (+145.0%), as a result of a previous sharp cut in the production : a European directive had ordered compliance to a new standard for hen coops, reducing the number of animals.

Indices of producer prices of agricultural products (IPPAP)
100 = 2005
(1) Including vegetables for industry.
(2) The price for May is not yet known and therefore is estimated by carrying forward the seasonally adjusted price of April.
Sources: INSEE - SSP (department of Agriculture)
Variation as % over :
weights May 2012 a month weights April 2012
raw seasonally adjusted data raw
Agricultural goods output 1000 131.0 +0.1 –0.8 +1.3
excluding fruits and vegetables 878 132.3 –0.3 –0.6 –0.2
Crop output (excluding fruits and vegetables) 417 146.1 –0.3 +0.1 –5.2
Cereals 115 198.3 –1.2 –0.5 –9.9
of which soft wheat 63 207.0 –0.2 +0.4 –12.3
grain maize 27 179.6 –3.3 –1.3 –11.2
Potatoes 19 123.1 /// /// –31.2
Wines 161 122.3 +0.8 +0.6 +0.9
quality wines 140 121.1 +0.9 +1.0 +1.1
other wines 21 130.0 +0.2 –1.4 –0.8
Oleaginous 28 219.2 –3.2 +5.2 +3.7
Horticultural products 51 105.7 –6.5 –9.2 –2.0
Other crop products 43 105.8 +1.0 +2.4 +0.3
Fruits and vegetables (1) 122 122.0 /// /// +15.0
Fresh vegetables 61 124.7 /// /// +19.8
Fresh fruits 39 124.1 /// /// +14.8
Animal output 461 119.7 –0.3 –1.4 +5.8
Animals 286 119.6 +0.5 –1.2 +3.3
of which large cattle 108 120.1 +3.3 +3.9 +15.4
calves 29 118.7 –0.6 –2.0 +2.8
pigs 64 109.0 –3.8 –11.1 –5.8
sheep 14 116.3 +0.9 –4.3 –1.9
poultry 59 135.4 +1.0 +2.0 –2.9
of which chicken 26 134.5 +0.9 +2.2 –2.4
Milk 159 106.6 0.0 –4.2 –1.6
of which cow milk (2) 148 107.0 0.0 –4.5 –1.7
Eggs 13 284.4 –8.0 +12.3 +145.0

Purchase price of the means of agricultural production is almost stable in May.

The price of intermediate consumptions did not increase much, the drop of energy price being offset by the rise of the price of animals. The price of investment did not evolve much as well.

Purchase price of the means of agricultural production

Purchase price of the means of agricultural production
Indices of purchase prices of the means of agricultural production (IPAMPA)
100=2005
(1) The repayment of 5 cents per litre of fuel of the domestic tax on energetical products (TICPE) benefiting farmers has been applied in advance for the year 2012
Sources: INSEE - SSP (department of Agriculture)
weights May 2012 Variation as % over
a month 3 months a year
Total input 1000 129.1 +0.1 +0.9 +2.5
Goods and services currently consumed in agriculture 758 132.1 +0.1 +1.1 +2.9
Energy (1) 84 152.6 –2.2 –3.2 +10.0
Seeds 51 116.9 0.0 +0.5 +4.3
Fertilisers and soil improvers 92 165.6 –0.7 0.0 +5.1
Plant protection products 77 106.6 +0.4 +1.7 +0.6
Animal feeding stuffs 189 142.4 +1.8 +4.7 +0.1
Veterinary expenses 38 117.7 +0.1 +1.0 +3.0
Small equipment and tools 14 110.8 +0.2 +1.1 +1.3
Maintenance of materials 56 128.7 +0.5 +0.7 +2.6
Maintenance of buildings 9 123.6 0.0 0.0 +2.1
Other goods and services 149 112.6 –0.3 +0.1 +1.2
Goods and services contributing to investment 242 119.8 +0.1 +0.3 +1.2
Material 170 116.8 +0.2 +0.4 +1.1
Tractors 71 113.5 0.0 +0.4 +1.1
Machinery and plant for cultivation 36 119.2 +0.3 0.0 –0.8
Machinery and plant for harvesting 37 117.6 +0.3 +1.0 +1.9
Utility vehicles 16 113.7 0.0 +0.1 +1.9
Buildings 72 127.1 0.0 0.0 +1.4

Informations Rapides

n° 164 - June 29, 2012

Indices des prix agricoles - May 2012

Next issue 31 mai 2013 - avril 2013.

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