28 June 2019
2019In May 2019, agricultural prices increased by 3.8% over one year Indices of agricultural prices - May 2019
In May 2019, agricultural producer prices slowed down over one year (+3.8% after +4.7% in April). Excluding fruit and vegetables, they were up by 4.5% over one year and by 0.5% over one month.
- Cereal prices fell back over a month
- Fresh fruit and vegetable prices down over one year
- New rise of pigs prices in May
- Strong growth of egg and milk prices over one year
- Quasi-stability of the purchase prices of the means of production over a month
- Revision
- To know more about French indices of agricultural prices
In May 2019, agricultural producer prices slowed down over one year (+3.8% after +4.7% in April). Excluding fruit and vegetables, they were up by 4.5% over one year and by 0.5% over one month.
Cereal prices fell back over a month
In May 2019, cereal prices decreased by 2.6% after +0.4% in April. It has lessened their rise over one year (+3.6% after +10.1% in April). Soft wheat prices declined by 3.0% in May and decelerated over one year (+7.8% after +15.2%) due to good crop conditions in Russia and Ukraine. Grain maize prices fell again (−2.8% over one month after −1.9%, −3.4% over one year), also in connection with favorable production prospects. Oilseed prices decreased slightly over one month (−0.2% after +1.1% in April, +3.0% over one year). Rapeseed prices were stable for one month after +1.3% in April. The downward revision of Europe expected production was offset by the abundance of supply from South America.
tableauProducer prices of cereals
| Producer prices of cereals | |
|---|---|
| 2014-01 | 108.3 |
| 2014-02 | 108.1 |
| 2014-03 | 114.6 |
| 2014-04 | 114.9 |
| 2014-05 | 107.6 |
| 2014-06 | 104.1 |
| 2014-07 | 102.7 |
| 2014-08 | 98.9 |
| 2014-09 | 90.3 |
| 2014-10 | 95.1 |
| 2014-11 | 102.1 |
| 2014-12 | 108.0 |
| 2015-01 | 108.1 |
| 2015-02 | 102.6 |
| 2015-03 | 102.5 |
| 2015-04 | 100.6 |
| 2015-05 | 92.9 |
| 2015-06 | 98.5 |
| 2015-07 | 109.0 |
| 2015-08 | 97.8 |
| 2015-09 | 92.7 |
| 2015-10 | 98.2 |
| 2015-11 | 100.1 |
| 2015-12 | 97.0 |
| 2016-01 | 89.6 |
| 2016-02 | 85.3 |
| 2016-03 | 83.6 |
| 2016-04 | 84.7 |
| 2016-05 | 86.8 |
| 2016-06 | 91.1 |
| 2016-07 | 94.8 |
| 2016-08 | 95.5 |
| 2016-09 | 92.7 |
| 2016-10 | 94.7 |
| 2016-11 | 96.8 |
| 2016-12 | 96.1 |
| 2017-01 | 98.6 |
| 2017-02 | 99.3 |
| 2017-03 | 96.8 |
| 2017-04 | 94.1 |
| 2017-05 | 93.1 |
| 2017-06 | 95.7 |
| 2017-07 | 96.7 |
| 2017-08 | 92.7 |
| 2017-09 | 92.5 |
| 2017-10 | 92.5 |
| 2017-11 | 92.4 |
| 2017-12 | 91.3 |
| 2018-01 | 90.5 |
| 2018-02 | 91.7 |
| 2018-03 | 93.5 |
| 2018-04 | 93.9 |
| 2018-05 | 97.3 |
| 2018-06 | 100.9 |
| 2018-07 | 109.1 |
| 2018-08 | 120.6 |
| 2018-09 | 114.7 |
| 2018-10 | 114.0 |
| 2018-11 | 114.1 |
| 2018-12 | 115.2 |
| 2019-01 | 114.3 |
| 2019-02 | 107.6 |
| 2019-03 | 103.1 |
| 2019-04 | 103.4 |
| 2019-05 | 100.8 |
graphiqueProducer prices of cereals
- Source: INSEE.
Fresh fruit and vegetable prices down over one year
In May 2019, fresh fruit prices fell by 4.8% over one year. This drop came from prices of apples (−14.8% over one year) and strawberries (−4.7%) whereas cherry prices were up sharply (+14.3%). Fresh vegetables prices decreased by 3.6% over one year. Prices of tomatoes (−31.7%), salads (−12.7%) and cucumbers (−22.2%) tumbled while those of asparagus (+18.7%) and endives (+16.6%) jumped over one year.
tableauProducer prices of fresh vegetables
| Monthly agricultural producer price indices (IPPAP) - Fresh vegetables | |
|---|---|
| 2016-01 | 96.3 |
| 2016-02 | 94.2 |
| 2016-03 | 128.4 |
| 2016-04 | 114.9 |
| 2016-05 | 101.0 |
| 2016-06 | 102.3 |
| 2016-07 | 116.7 |
| 2016-08 | 101.6 |
| 2016-09 | 97.2 |
| 2016-10 | 110.1 |
| 2016-11 | 119.0 |
| 2016-12 | 113.3 |
| 2017-01 | 132.4 |
| 2017-02 | 133.5 |
| 2017-03 | 107.4 |
| 2017-04 | 111.2 |
| 2017-05 | 97.9 |
| 2017-06 | 102.8 |
| 2017-07 | 85.8 |
| 2017-08 | 94.1 |
| 2017-09 | 100.9 |
| 2017-10 | 97.9 |
| 2017-11 | 98.4 |
| 2017-12 | 97.6 |
| 2018-01 | 101.6 |
| 2018-02 | 102.8 |
| 2018-03 | 117.6 |
| 2018-04 | 109.5 |
| 2018-05 | 103.5 |
| 2018-06 | 102.4 |
| 2018-07 | 97.4 |
| 2018-08 | 103.6 |
| 2018-09 | 119.9 |
| 2018-10 | 112.8 |
| 2018-11 | 132.5 |
| 2018-12 | 138.0 |
| 2019-01 | 147.5 |
| 2019-02 | 132.7 |
| 2019-03 | 121.9 |
| 2019-04 | 117.7 |
| 2019-05 | 99.8 |
graphiqueProducer prices of fresh vegetables
- Source: SSP (ministry in charge of agriculture).
New rise of pigs prices in May
In May 2019, animal prices increased by 0.8% for the second consecutive month. Cattle prices were almost stable over one month (+0.1%) while those of pigs continued to rise (+4.4% after +6.4% in April). The strong Chinese demand following the swine flu epidemic was still pulling prices up. Over one year, the price of pigs soared by 20.0%.
tableauProducer prices of pigs and large cattle
| Large cattle | Pigs | |
|---|---|---|
| 2014-01 | 104.6 | 116.8 |
| 2014-02 | 104.4 | 109.2 |
| 2014-03 | 103.8 | 107.2 |
| 2014-04 | 103.8 | 119.1 |
| 2014-05 | 103.1 | 118.8 |
| 2014-06 | 101.4 | 113.6 |
| 2014-07 | 100.5 | 111.0 |
| 2014-08 | 100.2 | 106.0 |
| 2014-09 | 99.9 | 97.9 |
| 2014-10 | 98.4 | 96.6 |
| 2014-11 | 96.9 | 99.8 |
| 2014-12 | 98.1 | 98.7 |
| 2015-01 | 98.1 | 98.0 |
| 2015-02 | 98.0 | 98.3 |
| 2015-03 | 98.6 | 101.3 |
| 2015-04 | 98.7 | 99.8 |
| 2015-05 | 99.3 | 100.4 |
| 2015-06 | 100.5 | 99.7 |
| 2015-07 | 102.2 | 100.0 |
| 2015-08 | 102.4 | 103.2 |
| 2015-09 | 102.3 | 101.9 |
| 2015-10 | 101.6 | 102.8 |
| 2015-11 | 99.8 | 99.2 |
| 2015-12 | 98.1 | 94.7 |
| 2016-01 | 97.4 | 97.0 |
| 2016-02 | 96.7 | 96.1 |
| 2016-03 | 96.7 | 92.9 |
| 2016-04 | 95.4 | 90.2 |
| 2016-05 | 94.2 | 96.6 |
| 2016-06 | 94.0 | 102.5 |
| 2016-07 | 93.4 | 106.2 |
| 2016-08 | 92.7 | 106.3 |
| 2016-09 | 91.9 | 110.5 |
| 2016-10 | 93.0 | 111.9 |
| 2016-11 | 94.6 | 111.1 |
| 2016-12 | 96.3 | 113.9 |
| 2017-01 | 96.5 | 115.9 |
| 2017-02 | 97.1 | 117.2 |
| 2017-03 | 97.4 | 116.5 |
| 2017-04 | 98.7 | 119.3 |
| 2017-05 | 98.8 | 117.5 |
| 2017-06 | 99.1 | 111.7 |
| 2017-07 | 97.7 | 108.7 |
| 2017-08 | 98.0 | 105.1 |
| 2017-09 | 99.6 | 99.4 |
| 2017-10 | 100.7 | 99.9 |
| 2017-11 | 100.4 | 102.3 |
| 2017-12 | 99.9 | 103.0 |
| 2018-01 | 98.4 | 99.0 |
| 2018-02 | 97.8 | 98.9 |
| 2018-03 | 97.8 | 101.1 |
| 2018-04 | 97.5 | 95.1 |
| 2018-05 | 97.9 | 95.3 |
| 2018-06 | 97.9 | 93.1 |
| 2018-07 | 98.5 | 91.5 |
| 2018-08 | 98.2 | 93.2 |
| 2018-09 | 98.8 | 95.4 |
| 2018-10 | 98.6 | 98.1 |
| 2018-11 | 97.7 | 100.5 |
| 2018-12 | 98.4 | 101.6 |
| 2019-01 | 98.6 | 103.4 |
| 2019-02 | 99.3 | 100.8 |
| 2019-03 | 98.4 | 103.0 |
| 2019-04 | 98.7 | 109.6 |
| 2019-05 | 98.8 | 114.4 |
graphiqueProducer prices of pigs and large cattle
- Source: INSEE.
Strong growth of egg and milk prices over one year
In May 2019, egg prices accelerated again over one month (+22.0% after +12.3% in April) and rebounded over one year (+18.1% after −12.4% in April). The downward egg prices period that followed the fipronil crisis seems to be over. Prices of cow's milk continued its increase over one year: +7.7% in April after +6.6% in March 2019.
tableauIndex of producer prices of agricultural products (IPPAP)
| Variation as % over | |||||
|---|---|---|---|---|---|
| Weights | May 2019 | a month | 3 months | a year | |
| Agricultural goods output | 1000 | 108.1 | /// | /// | +3.8 |
| excluding fruits and vegetables | 906 | 108.4 | +0.5 | +1.0 | +4.5 |
| Crop output (excluding fruits and vegetables) | 489 | 109.9 | -0.2 | -0.8 | +3.9 |
| Cereals | 152 | 101.2 | -2.6 | -6.1 | +3.6 |
| of which soft wheat | 90 | 104.2 | -3.0 | -7.1 | +7.8 |
| grain maize | 27 | 99.9 | -2.8 | -8.4 | -3.4 |
| Potatoes | 29 | 206.4 | /// | /// | +59.6 |
| Wines | 200 | 106.1 | -0.3 | +0.8 | -5.9 |
| PDO wines | 112 | 109.9 | -0.5 | +0.7 | -9.5 |
| other wines | 25 | 94.5 | -0.5 | +2.5 | -1.5 |
| Oleaginous | 40 | 93.4 | -0.2 | -0.6 | +3.0 |
| Horticultural products | 35 | 104.9 | +1.3 | -2.7 | +2.3 |
| Other crop products | 33 | 109.7 | -0.2 | -0.5 | +8.0 |
| Fruits and vegetables (1) | 94 | 104.9 | /// | /// | -3.1 |
| Fresh vegetables | 45 | 99.8 | /// | /// | -3.6 |
| Fresh fruits | 32 | 112.5 | /// | /// | -4.8 |
| Animal output | 417 | 106.8 | +1.4 | +3.5 | +5.4 |
| Animals | 255 | 101.5 | +0.8 | +1.5 | +3.8 |
| of which large cattle | 112 | 98.8 | +0.1 | -0.5 | +0.9 |
| calves | 20 | 91.3 | -0.2 | -5.6 | -9.7 |
| pigs | 49 | 114.4 | +4.4 | +13.5 | +20.0 |
| sheep | 14 | 102.2 | -0.9 | +4.2 | +0.9 |
| poultry | 57 | 101.1 | -0.6 | -0.4 | +4.1 |
| of which chicken | 39 | 100.9 | -0.7 | -0.6 | +4.1 |
| Milk | 146 | 112.4 | /// | +4.4 | +6.4 |
| of which cow milk (2) | 135 | 113.3 | /// | +4.7 | +6.9 |
| Eggs | 16 | 138.3 | +22.0 | +21.6 | +18.1 |
- /// Absence of meaning due to the nature of these series
- (1) Including vegetables for industry.
- (2)The April value of cow milk price index is the estimate of the May one. The previous month variation is the one commented in the text: +7,7% over one year in April 2019.
- Sources : Insee, SSP (ministry in charge of agriculture)
Quasi-stability of the purchase prices of the means of production over a month
In May 2019, intermediate consumption purchase prices declined slightly (−0.2%). Energy prices rose by 0.6% over one month, while animal feed prices and fertilizers and amendments prices decreased by 0.8% over one month. They remained dynamic over one year, increasing respectively by 4.4% (after +5.8% in April) and 7.9% (after +8.2%). Overall, prices for intermediate consumption gained 2.5% over one year.
Prices of capital goods were virtually stable over one month (−0.1%) and grew by 2.1% over one year.
tableauIndices of purchase prices of the means of agricultural production (IPAMPA)
| Variation as % over | |||||
|---|---|---|---|---|---|
| Weights | May 2019 | a month | 3 months | a year | |
| Total input | 1000 | 104.4 | -0,1 | +0,3 | +2,4 |
| Intermediate consumptions | 760 | 103.1 | -0,2 | +0,2 | +2,5 |
| Energy (1) | 93 | 119.0 | +0,6 | +3,2 | -0,3 |
| Seeds | 56 | 97.2 | -0,1 | +0,4 | -0,2 |
| Fertilisers and soil improvers | 107 | 94.6 | -0,8 | -2,1 | +7,9 |
| Plant protection products | 84 | 97.2 | +0,3 | +1,7 | -2,7 |
| Animal feed | 214 | 101.2 | -0,8 | -1,1 | +4,4 |
| Veterinary expenses | 37 | 109.3 | +0,6 | +1,0 | +2,5 |
| Small equipment and tools | 11 | 102.3 | +0,8 | +0,3 | +2,6 |
| Maintenance of materials | 88 | 107.6 | +0,2 | +0,6 | +2,8 |
| Maintenance of buildings | 9 | 106.5 | 0,0 | +0,1 | +1,5 |
| Other goods and services | 61 | 103.1 | 0,0 | 0,0 | +1,4 |
| Goods and services contributing to investment | 240 | 108.4 | -0,1 | +0,3 | +2,1 |
| Material | 168 | 108.0 | -0,2 | +0,3 | +2,3 |
| Tractors | 71 | 111.3 | -0,5 | +0,4 | +1,8 |
| Machinery and equipment for cultivation | 33 | 106.3 | +0,1 | +0,6 | +1,8 |
| Machinery and equipment for harvesting | 38 | 107.0 | +0,4 | +0,4 | +4,0 |
| Utility vehicles | 16 | 101.5 | +0,1 | -0,2 | +2,1 |
| Buildings | 72 | 109.2 | 0,0 | +0,2 | +1,4 |
- (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2019.
- Sources : Insee, SSP (ministry in charge of agriculture)
tableauPurchase prices of the means of agricultural production
| Purchase prices of the means of agricultural production | |
|---|---|
| 2014-01 | 102.9 |
| 2014-02 | 103.0 |
| 2014-03 | 103.1 |
| 2014-04 | 103.3 |
| 2014-05 | 103.3 |
| 2014-06 | 103.1 |
| 2014-07 | 102.5 |
| 2014-08 | 102.1 |
| 2014-09 | 101.6 |
| 2014-10 | 101.0 |
| 2014-11 | 100.4 |
| 2014-12 | 99.5 |
| 2015-01 | 99.1 |
| 2015-02 | 100.5 |
| 2015-03 | 100.7 |
| 2015-04 | 101.1 |
| 2015-05 | 101.3 |
| 2015-06 | 100.6 |
| 2015-07 | 100.2 |
| 2015-08 | 99.7 |
| 2015-09 | 99.6 |
| 2015-10 | 99.5 |
| 2015-11 | 99.3 |
| 2015-12 | 98.3 |
| 2016-01 | 97.8 |
| 2016-02 | 97.5 |
| 2016-03 | 97.6 |
| 2016-04 | 97.4 |
| 2016-05 | 97.9 |
| 2016-06 | 97.8 |
| 2016-07 | 97.3 |
| 2016-08 | 96.9 |
| 2016-09 | 97.0 |
| 2016-10 | 97.4 |
| 2016-11 | 97.2 |
| 2016-12 | 98.3 |
| 2017-01 | 98.6 |
| 2017-02 | 99.0 |
| 2017-03 | 98.9 |
| 2017-04 | 99.1 |
| 2017-05 | 98.7 |
| 2017-06 | 98.1 |
| 2017-07 | 97.9 |
| 2017-08 | 98.0 |
| 2017-09 | 98.4 |
| 2017-10 | 98.9 |
| 2017-11 | 99.2 |
| 2017-12 | 99.3 |
| 2018-01 | 100.1 |
| 2018-02 | 100.1 |
| 2018-03 | 100.4 |
| 2018-04 | 101.1 |
| 2018-05 | 102.0 |
| 2018-06 | 101.9 |
| 2018-07 | 102.1 |
| 2018-08 | 102.7 |
| 2018-09 | 103.6 |
| 2018-10 | 104.6 |
| 2018-11 | 104.5 |
| 2018-12 | 103.8 |
| 2019-01 | 103.6 |
| 2019-02 | 104.1 |
| 2019-03 | 104.4 |
| 2019-04 | 104.5 |
| 2019-05 | 104.4 |
graphiquePurchase prices of the means of agricultural production
- Sources: INSEE, SSP (ministry in charge of agriculture).
Revision
April 2019 over one year variation of IPPAP has been rosen by 0.1 points to +4.7%. April 2019 over one year variation of IPAMPA (+3.9%) has not changed.
To know more about French indices of agricultural prices
The index of producer prices for agricultural products (IPPAP) measures the changes in products prices when they are put on the market for the first time. It is published in base and reference 100 in 2015
The weight-coefficients of fresh fruits and vegetables change every month so that they reflect their very seasonal pattern. As a result their variations must only be interpreted year-over-year.
If needed, indices are seasonally adjusted.
The index of purchase prices of the means of agricultural production (IPAMPA) reflects the variations of goods and services used in the agricultural process. It is not seasonaly adjusted.
The methodology can be found via the links hereafter forIPPAP : https://www.insee.fr/en/metadonnees/source/indicateur/p1657/description
and IPAMPA : https://www.insee.fr/en/metadonnees/source/indicateur/p1652/description
Next issue: 26 July 2019 at 12h00.
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Time series : Indices of agricultural prices
