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In December 2015, agricultural producer prices decreased again (-1.4%)

Indices of agricultural prices – December 2015

In December 2015, overall agricultural prices edged down again compared with the previous month (-1.4%). Over one year, they dropped as well (-1.5%).

Downturn in december in cereal, oleaginous and wine prices

Cereal prices dropped in December (-3.1%). This fall likely reflected an alignment of prices down to international competition, partly due to the appreciation of the euro, in the context of a plentiful supply of soft wheat.

Producer prices of cereals

Producer prices of cereals

Wine prices dipped slightly in December (-0.4%; +0.7% over one year). The French global production was slightly larger in 2015 than the previous one.

Jump in potatoes prices year-over-year

Compared to December 2014, potatoe prices increased by nearly 90 %. The 2015 crop reached its long-term average whereas the previous one was exceptional.

Over one year, vegetables prices fell and fresh fruit prices rose a little

Fresh vegetables prices diminished sharply yoy (-15.5%). The mild weather stimulated the growth of open air vegetables (lettuces, cauliflowers), thus hastening their harvests.

Producer prices of fresh vegetables

Producer prices of fresh vegetables

On the contrary, fresh fruits prices increased a little yoy (+2.1%). Apple stocks were high but this fruit was easily sold through exportations. The production of Corsican clementines was less abundant than the previous years.

Overall near stability in animal prices

On a seasonally adjusted basis, prices of animals were virtually stable in December (-0.1%). Pig price rebounded a little (+2.4%) but remained at a low level due to excess supply and European competition. Large cattle prices slid (-3.1% over the last three months) due to a sluggish consumption.

Producer prices of pigs and large cattle

Producer prices of pigs and large cattle

Egg prices weakened as well (-5.3 % over the last three months): the consumtion was stable while the production had been increasing regularly since the implementation of new standards for henhouses two years ago. The drop in cow milk prices in 2015 (-8.3% yoy) reflected the excess supply: the exportations opportunities were reduced by the Russian embargo and lower Chinese demand.

Indices of producer prices of agricultural products (IPPAP)
Base year: 2010
(1) Including vegetables for industry.
(2)The price for Dec. is not yet known and therefore is estimated by carrying forward the seasonally adjusted price of November
Sources: INSEE, SSP (ministry in charge of agriculture)
Weights Dec. 2015 Variation as % over
a month 3 months a year
raw Seasonally adjusted raw
Agricultural goods output 1000 111.2 –1.4 –0.9 –1.5
excluding fruits and vegetables 900 113.2 –0.8 +0.8 –1.0
Crop output (excluding fruits and vegetables) 505 117.4 –1.4 +1.0 +0.7
Cereals 188 103.5 –3.1 +3.9 –11.0
of which soft wheat 112 100.2 –4.0 +8.1 –11.9
grain maize 41 96.7 –2.2 +2.2 +1.4
Potatoes 26 174.0 /// /// +86.7
Wines 177 130.5 –0.4 +1.2 +0.7
Protected designation of origin 84 136.8 –0.2 +2.8 +1.5
other wines 23 145.3 –1.7 –1.9 –1.1
Oleaginous 49 103.2 –1.4 +3.7 +10.5
Horticultural products 30 114.3 –0.7 +1.1 +2.2
Other crop products 36 107.7 +0.3 +0.4 –0.6
Fruits and vegetables (1) 100 92.6 /// /// –7.0
Fresh vegetables 53 77.3 /// /// –15.5
Fresh fruits 35 109.3 /// /// +2.1
Animal output 395 108.0 –0.1 +0.5 –3.2
Animals 234 111.2 –0.1 –1.3 +0.7
of which large cattle 96 116.3 –1.8 –3.1 +0.3
calves 26 110.6 +1.7 +9.7 –1.6
pigs 54 101.3 +2.4 –3.1 +2.7
sheep 10 118.3 +1.2 –2.3 –4.5
poultry 46 111.1 –0.5 –0.1 +2.1
of which chicken 28 111.2 –0.6 –0.4 +2.5
Milk 147 101.1 0.0 +4.5 –8.3
of which cow milk (2) 137 99.9 0.0 +4.8 –9.0
Eggs 15 125.9 +0.2 –5.3 –12.2

Purchase prices of means of production slipped in December

In December 2015, intermediate consumption prices fell compared to the previous month (-1.0%) due to slumping energy prices (-7.9%). Over one year they diminished too, by 1.7%, mainly because of less expensive energy (-13.7%). Capital goods prices were virtually stable (+0.2%). Over one year, they increased by 0.9%, driven up by the rise in material prices (+1.3%).

Purchase prices of the means of agricultural production

Purchase prices of the means of agricultural production

Base year: 2010
(1) The repayment of the domestic tax on energy products (TICPE) benefiting farmers has been applied in advance for the year 2015
Sources: INSEE - SSP (ministry in charge of agriculture)
Weights Dec. 2015 Variation as % over
a month 3 months a year
Total input 1000 107.9 –0.7 –1.0 –1.1
Intermediate consumptions 764 108.4 –1.0 –1.5 –1.7
Energy 100 86.9 –7.9 –8.8 –13.7
Seeds 57 109.3 –0.3 +0.1 +1.1
Fertilisers and soil improvers 92 115.7 –0.2 –0.8 –1.3
Plant protection products 78 100.3 –0.2 0.0 0.0
Animal feed 205 115.8 –0.3 –1.5 –0.6
Veterinary expenses 43 115.0 0.0 –0.1 +2.4
Small equipment and tools 17 110.2 +0.3 +0.3 +0.2
Maintenance of materials 67 113.6 +0.2 +0.2 +1.7
Maintenance of buildings 9 106.6 0.0 –0.1 –0.3
Other goods and services 97 101.3 0.0 +0.1 –0.5
Goods and services contributing to investment 236 106.9 +0.2 +0.4 +0.9
Material 186 107.8 +0.3 +0.5 +1.3
Tractors 79 107.5 +0.2 +0.4 +1.8
Machinery and plant for cultivation 36 110.3 +1.0 +0.8 +1.4
Machinery and plant for harvesting 42 108.6 +0.6 +1.0 +1.7
Utility vehicles 18 104.5 –0.6 –0.1 –0.5
Buildings 50 103.4 0.0 –0.1 –0.7

Informations Rapides

n° 25 - January 28, 2016

Indices of agricultural prices - December 2015

Next issue August 31, 2016 12:00 - Juillet 2016

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