26 July 2019
2019- n° 201In June 2019, agricultural prices increased by 4.1% over one year Indices of agricultural prices - June 2019
In June 2019, agricultural producer prices continued to rise over one year (+4.1% after +3.8% in May). Excluding fruit and vegetables, they were up by 3.8% over one year and down by 0.6% over one month.
- Cereal prices rebounded slightly over a month
- Fresh fruits prices down over one year, vegetable prices up
- Pig prices remained high
- Growth of egg and milk prices over one year
- Decrease of the purchase prices of the means of production over a month
- Revision
- To know more about French indices of agricultural prices
In June 2019, agricultural producer prices continued to rise over one year (+4.1% after +3.8% in May). Excluding fruit and vegetables, they were up by 3.8% over one year and down by 0.6% over one month.
Cereal prices rebounded slightly over a month
In June 2019, cereal prices recovered (+0.7% after −2.6% in May). It lessened again their rise over one year (+1.0% after +3.6% in May). Soft wheat prices fell by 1.1% in one month after −3.0% in May. The late June heat wave led to fear a limited harvest in Europe, but the context remained bearish due to high production forecasts in Russia and Ukraine. After four months of decline, grain maize prices gained 8.8% over a month after an announced decrease in United States acreage. Oilseed prices rose by 0.7% in one month after −0.2% in May. Rapeseed prices increased by 0.4%. The expected fall of Europe production was partly offset by good growing conditions in North America (American soybeans and Canadian canola).
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 |
| 2019-06 | 101.9 |
graphiqueProducer prices of cereals
- Source: INSEE.
Fresh fruits prices down over one year, vegetable prices up
In June 2019, fresh fruit prices decreased by 4.4% over one year. This drop came mainly from apple prices (−24.0% over one year) and, to a lesser extent, from peaches and nectarines prices (−3.5%). On the other hand, cherry prices rose sharply (+23.9%). Fresh vegetables prices jumped by 21.3% over one year. If salad prices were down again (−13.3% over one year), those of tomatoes rebounded strongly (+48.8% after −31.7% over one year in May). Melons prices benefited from the warm weather at the end of the month (+17.3% 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 |
| 2019-06 | 124.2 |
graphiqueProducer prices of fresh vegetables
- Source: SSP (ministry in charge of agriculture).
Pig prices remained high
In June 2019, animal prices fell slightly over a month (−0.3% after +0.8% in May). Cattle prices were almost stable over one month (−0.1%) while those of pigs remained high, rising over one year by 23.1% (after +20.0% in May) due to a strong export demand following the ongoing swine fever epidemic in South East Asia.
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 |
| 2019-06 | 98.7 | 114.6 |
graphiqueProducer prices of pigs and large cattle
- Source: INSEE.
Growth of egg and milk prices over one year
In June 2019, egg prices retreated over a month (−13.1% after + 22.0% in May) but they remained on the rise over one year (+10.5% after +18.1%). The price of cow's milk continued its marked upward trend over one year: +6.7% in May after +7.7% in April 2019. After years of increase, cow's milk production caped in the United States and was down in New Zealand, a leading exporting country.
tableauIndex of producer prices of agricultural products (IPPAP)
| Variation as % over | |||||
|---|---|---|---|---|---|
| Weights | June 2019 | a month | 3 months | a year | |
| Agricultural goods output | 1000 | 109.1 | /// | /// | +4.1 |
| excluding fruits and vegetables | 906 | 107.9 | -0.6 | +1.0 | +3.8 |
| Crop output (excluding fruits and vegetables) | 489 | 109.4 | -0.5 | +0.3 | +2.5 |
| Cereals | 152 | 101.9 | +0.7 | -1.5 | +1.0 |
| of which soft wheat | 90 | 103.1 | -1.1 | -3.6 | +0.3 |
| grain maize | 27 | 108.7 | +8.8 | +3.7 | +8.6 |
| Potatoes | 29 | 198.2 | /// | /// | +57.8 |
| Wines | 200 | 105.1 | -0.9 | -0.3 | -6.7 |
| PDO wines | 112 | 109.0 | -0.8 | -0.7 | -10.0 |
| other wines | 25 | 91.0 | -3.7 | +1.3 | -7.0 |
| Oleaginous | 40 | 94.1 | +0.7 | +1.6 | +5.0 |
| Horticultural products | 35 | 102.7 | -2.1 | +1.0 | -0.7 |
| Other crop products | 33 | 110.0 | +0.3 | 0.0 | +7.9 |
| Fruits and vegetables (1) | 94 | 117.5 | /// | /// | +6.2 |
| Fresh vegetables | 45 | 124.2 | /// | /// | +21.3 |
| Fresh fruits | 32 | 108.1 | /// | /// | -4.4 |
| Animal output | 417 | 106.2 | -0.7 | +2.0 | +5.4 |
| Animals | 255 | 101.8 | -0.3 | +1.9 | +4.5 |
| of which large cattle | 112 | 98.7 | -0.1 | +0.3 | +0.8 |
| calves | 20 | 92.0 | +0.8 | -2.5 | -8.6 |
| pigs | 49 | 114.6 | +0.2 | +11.3 | +23.1 |
| sheep | 14 | 97.4 | -4.7 | -1.9 | -3.8 |
| poultry | 57 | 101.8 | -0.1 | -0.6 | +3.8 |
| of which chicken | 39 | 100.8 | -0.1 | -0.7 | +3.8 |
| Milk | 146 | 112.2 | /// | +0.5 | +5.7 |
| of which cow milk (2) | 135 | 113.1 | /// | +0.5 | +6.3 |
| Eggs | 16 | 120.2 | -13.1 | +19.0 | +10.5 |
- /// Absence of meaning due to the nature of these series
- (1) Including vegetables for industry.
- (2)The May value of cow milk price index is the estimate of the June one. The previous month variation is the one commented in the text: +6,7% over one year in May 2019.
- Sources : Insee, SSP (ministry in charge of agriculture)
Decrease of the purchase prices of the means of production over a month
In June 2019, intermediate consumption purchase prices declined by 0.9%. Energy prices dropped by 5.0% in one month, in the wake of oil prices. Animal feed prices were stable while fertilizer and amendment prices were down by 1.4%. Over one year, these prices remained dynamic: +4.2% for animal feed and +7.4% for fertilizers and amendments. Over the same period, intermediate consumption purchase prices continued to slow down (+1.8% after +2.5% in May and +3.6% in April).
Prices of capital goods were almost stable over one month (+ 0.1%) and increased by 1.7% over one year (after +2.0%).
tableauIndices of purchase prices of the means of agricultural production (IPAMPA)
| Variation as % over | |||||
|---|---|---|---|---|---|
| Weights | June 2019 | a month | 3 months | a year | |
| Total input | 1000 | 103.7 | -0.7 | -0.7 | +1.8 |
| Intermediate consumptions | 760 | 102.2 | -0.9 | -0.9 | +1.8 |
| Energy (1) | 93 | 113.1 | -5.0 | -3.0 | -4.5 |
| Seeds | 56 | 97.2 | 0.0 | +0.2 | -0.1 |
| Fertilisers and soil improvers | 107 | 93.3 | -1.4 | -2.9 | +7.4 |
| Plant protection products | 84 | 97.3 | 0.0 | +0.9 | -2.5 |
| Animal feed | 214 | 101.2 | 0.0 | -1.1 | +4.2 |
| Veterinary expenses | 37 | 109.5 | +0.1 | +0.8 | +2.7 |
| Small equipment and tools | 11 | 102.4 | +0.1 | +0.9 | +2.2 |
| Maintenance of materials | 88 | 107.7 | +0.1 | +0.4 | +2.8 |
| Maintenance of buildings | 9 | 106.9 | 0.0 | +0.4 | +1.9 |
| Other goods and services | 61 | 103.2 | 0.0 | +0.1 | +1.4 |
| Goods and services contributing to investment | 240 | 108.4 | +0.1 | +0.1 | +1.7 |
| Material | 168 | 108.0 | +0.1 | +0.2 | +2.1 |
| Tractors | 71 | 111.2 | +0.1 | 0.0 | +1.6 |
| Machinery and equipment for cultivation | 33 | 106.7 | +0.3 | +0.5 | +1.8 |
| Machinery and equipment for harvesting | 38 | 106.7 | -0.1 | +0.1 | +3.8 |
| Utility vehicles | 16 | 101.4 | -0.2 | +0.1 | +1.9 |
| Buildings | 72 | 109.2 | 0.0 | 0.0 | +0.6 |
- (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 |
| 2019-06 | 103.7 |
graphiquePurchase prices of the means of agricultural production
- Sources: INSEE, SSP (ministry in charge of agriculture).
Revision
May 2019 over one year variation of IPPAP has not changed (+3.8%), neither has the one of IPAMPA (+2.4%).
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: 30 August 2019 at 12h00.
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Time series : Indices of agricultural prices
