Informations rapides
28 August 2020
2020- n° 226
In July 2020, agricultural producer prices decreased by 0.7% year on year Indices of agricultural prices - July 2020

In July 2020, agricultural producer prices decreased by 0.7% year on year. Excluding fruit and vegetables, they went up by 0.1% over one month and decreased by 0.9% year on year.

Informations rapides
No 226
Paru le :Paru le28/08/2020
Prochaine parution le : 29/08/2025 at 12:00 - July 2025

In July 2020, agricultural producer prices decreased by 0.7% year on year. Excluding fruit and vegetables, they went up by 0.1% over one month and decreased by 0.9% year on year.

Rebound in cereal prices over one month

In July 2020, cereal prices rebounded (+2.7% after –3.1% in June), driven by the recovery in soft wheat prices (+3.3% over one month after –5.2%) due to disappointing European harvests. Maize prices rose in July (+3.7% after stability in June), drought expected to affect harvests in France. Year on year, cereal prices accelerated (+5.7% in July after +0.4%).

Oilseed prices were on the rise again: +2.8% over one month after –1.2%, in connection with the rebound in rapeseed prices (+3.7% after –1.1%) and soybean prices (+1.8% after –1.4%). Sunflower prices continued to decline (–1.6% after –1.4%). Year on year, oilseed prices accelerated (+2.8% after +1.1%).

Producer prices of cereals

Producer 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
2019-07 99.7
2019-08 96.7
2019-09 95.1
2019-10 99.9
2019-11 101.0
2019-12 102.5
2020-01 106.5
2020-02 105.3
2020-03 103.0
2020-04 106.3
2020-05 105.2
2020-06 102.3
2020-07 105.5

Producer prices of cereals

  • Source: INSEE.

Slowdown of the increase in fresh fruit prices and decline in fresh vegetables prices year on year

Year on year, fresh fruit prices increased by 15.5% in July (after +22.1% in June), in connection with the rise of some seasonal fruits prices: apricots (+49.4%), plums (+14.4%), strawberries (+10.4%) and raspberries (+9.8%), while peaches prices declined (–3.9%). Fresh vegetables prices decreased year on year (–9.5% after –5.2%), driven down by tomatoes prices (–30.7%), cucumbers prices (–28.3%), courgettes prices (–5.5%) and, to a lesser extent, salads prices (–2.2%). Conversely, melon prices rebounded year on year (+8.6% after –14.6%).

Producer prices of fresh vegetables

Producer 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
2019-07 117.6
2019-08 108.1
2019-09 113.8
2019-10 103.9
2019-11 132.2
2019-12 131.2
2020-01 136.7
2020-02 118.2
2020-03 147.6
2020-04 176.3
2020-05 118.9
2020-06 117.8
2020-07 106.4

Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Decline in animal prices continued year on year

In July 2020, animal prices declined (–0.2% over one month after +0.3%): large cattle prices slowed down (+0.5% after +2.3%), while the decline in pig prices that began in April continued (–2.7% after –4.9% in June). Year on year, animal prices still decreased sharply (–2.3% after –2.5% in June), with the decline in pig prices becoming increasingly marked (–12.4% after –9.7%) while large cattle prices were tending to stabilize (+0.1% year on year after –1.2%).

Producer prices of pigs and large cattle

Producer 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 98.3 98.0
2015-02 98.1 98.3
2015-03 98.5 101.3
2015-04 98.6 99.8
2015-05 99.1 100.4
2015-06 100.3 99.7
2015-07 102.1 100.0
2015-08 102.3 103.2
2015-09 102.3 101.9
2015-10 101.7 102.8
2015-11 100.1 99.2
2015-12 98.4 94.7
2016-01 97.6 97.0
2016-02 96.8 96.1
2016-03 96.6 92.9
2016-04 95.3 90.2
2016-05 94.1 96.6
2016-06 93.8 102.5
2016-07 93.3 106.2
2016-08 92.6 106.3
2016-09 91.9 110.5
2016-10 93.0 111.9
2016-11 94.8 111.1
2016-12 96.6 113.9
2017-01 96.7 115.9
2017-02 97.2 117.2
2017-03 97.3 116.5
2017-04 98.5 119.3
2017-05 98.7 117.5
2017-06 98.9 111.7
2017-07 97.6 108.7
2017-08 97.9 105.1
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 96.8 98.7
2018-02 96.5 100.0
2018-03 97.9 100.4
2018-04 97.8 96.7
2018-05 98.8 95.3
2018-06 98.9 93.5
2018-07 100.1 92.5
2018-08 99.8 92.9
2018-09 99.7 95.5
2018-10 98.5 96.9
2018-11 96.3 99.3
2018-12 96.5 100.9
2019-01 96.9 102.9
2019-02 98.0 101.7
2019-03 98.6 104.6
2019-04 99.0 108.8
2019-05 99.6 114.2
2019-06 99.7 115.1
2019-07 98.9 115.4
2019-08 98.3 117.1
2019-09 98.2 125.3
2019-10 96.3 133.1
2019-11 95.3 137.5
2019-12 95.2 139.1
2020-01 95.1 131.5
2020-02 95.2 125.1
2020-03 95.7 127.0
2020-04 94.4 117.2
2020-05 96.3 109.2
2020-06 98.5 103.9
2020-07 99.0 101.1

Producer prices of pigs and large cattle

  • Source: INSEE.

Decrease in egg and milk prices year on year

In July 2020, egg prices continued to decline but at a more moderate rate than in June (–5.0% after –18.5%), demand remained limited in a context of strong competition at the European level. Year on year, egg prices decreased (–3.9% after +5.0%). The price of cow's milk dropped by 2.1% year on year (after –2.9% in June).

Index of producer prices of agricultural products (IPPAP)

Seasonnaly adjusted - base and reference 100 in 2015
Index of producer prices of agricultural products (IPPAP) (Seasonnaly adjusted - base and reference 100 in 2015)
Variation as % over
Weights July 2020 a month 3 months a year
Agricultural goods output 1000 107.3 /// /// -0.7
excluding fruits and vegetables 906 106.3 0.1 -0.7 -0.9
Crop output (excluding fruits and vegetables) 489 108.5 0.4 -0.5 0.1
Cereals 152 105.1 2.7 -1.5 5.7
of which soft wheat 90 108.8 3.3 -3.7 7.9
grain maize 27 105.9 3.7 4.2 -2.2
Potatoes 29 192.3 /// /// -3.6
Wines 200 102.5 -1.1 -1.0 -3.1
PDO wines 112 101.0 -2.3 -1.6 -6.5
other wines 25 100.4 2.1 -0.6 2.2
Oleaginous 40 97.8 2.8 2.6 2.8
Horticultural products 35 105.3 -1.6 2.0 2.2
Other crop products 33 97.6 0.0 0.0 -4.3
Fruit and vegetables (1) 94 114.4 /// /// 0.5
Fresh vegetables 45 106.4 /// /// -9.5
Fresh fruit 32 128.9 /// /// 15.5
Animal output 417 103.7 -0.3 -1.1 -2.2
Animals 255 99.6 -0.2 -0.4 -2.3
of which large cattle 112 99.0 0.5 4.9 0.1
calves 20 89.0 1.6 -2.3 -4.3
pigs 49 101.1 -2.7 -13.7 -12.4
sheep 14 106.8 1.0 9.2 11.7
poultry 57 101.0 0.1 1.5 0.4
of which chicken 39 101.1 0.2 1.8 0.5
Milk 146 108.7 0.0 -1.4 -1.8
of which cow milk 135 109.1 0.0 -1.4 -2.1
Eggs 16 122.2 -5.0 -8.9 -3.9
  • /// Absence of meaning due to the nature of these series
  • (1) Including vegetables for industry.
  • Sources : Insee. SSP (ministry in charge of agriculture)

Prices of the means of production stabilized in July

In July 2020, the purchase prices of intermediate consumption were almost stable over one month (+0.1% after +0.3% in June), the increase in energy prices (+1.9% after +4.1%) was almost offset by the decreases in fertilisers and soil improvers prices (–0.8% after –1.7%), crop protection products prices (–0.5% after –0.2%). Animal feed prices were quasi stable for the last two months (–0.1% after 0.0%). Year on year, intermediate consumer prices declined by 2.5% in July (after –2.8%).

Prices for investment goods and services decreased over one month (–0.3% after –0.2%) and slowed down year on year (+0.2% after +0.6%).

Purchase prices of the means of agricultural production

Purchase 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
2018-07 102.2
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
2019-04 104.6
2019-05 104.4
2019-06 103.8
2019-07 103.7
2019-08 103.3
2019-09 103.7
2019-10 103.5
2019-11 103.3
2019-12 103.5
2020-01 103.6
2020-02 103.4
2020-03 102.4
2020-04 101.7
2020-05 101.6
2020-06 101.8
2020-07 101.8

Purchase prices of the means of agricultural production

  • Sources: INSEE, SSP (ministry in charge of agriculture).

Indices of purchase prices of the means of agricultural production (IPAMPA)

Raw data - base and reference 100 in 2015
Indices of purchase prices of the means of agricultural production (IPAMPA) (Raw data - base and reference 100 in 2015)
Variation as % over
Weights July 2020 a month 3 months a year
Total input 1000 101.8 0.0 0.1 -1.8
Intermediate consumptions 760 99.6 0.1 0.3 -2.5
Energy (1) 93 98.1 1.9 6.3 -14.8
Seeds 56 97.6 -0.1 -0.4 0.1
Fertilisers and soil improvers 107 86.3 -0.8 -3.9 -7.2
Plant protection products 84 93.1 -0.5 -0.6 -2.4
Animal feed 214 101.0 -0.1 -0.2 0.4
Veterinary expenses 37 112.6 0.3 0.4 2.6
Small equipment and tools 11 100.9 0.0 0.6 -1.9
Maintenance of materials 88 111.8 0.5 1.5 3.8
Maintenance of buildings 9 108.1 0.0 0.0 0.7
Other goods and services 61 104.2 0.0 0.1 0.1
Goods and services contributing to investment 240 108.7 -0.3 -0.5 0.2
Material 168 109.3 -0.4 -0.5 1.2
Tractors 71 113.2 -0.4 -0.9 1.8
Machinery and equipment for cultivation 33 107.7 -0.2 0.5 0.9
Machinery and equipment for harvesting 38 106.2 -0.8 -1.1 -0.5
Utility vehicles 16 103.4 0.2 0.4 2.1
Buildings 72 107.4 0.0 -0.5 -2.3
  • (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2020.
  • Sources : Insee. SSP (ministry in charge of agriculture)

Revision

The year-on-year variation of Agricultural price indices in June 2020 was unchanged at –0.6%. The year-on-year variation of the purchase prices of the means of agricultural production in June 2020 has been revised downwards by 0.1 points to –1.9%.

To know more about French agricultural price indices

The indice of producer prices for agricultural products (IPPAP) measures the changes in product 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 fruit and vegetables change every month so that they reflect their very seasonal pattern. As a result their variations must only be interpreted year on year. If needed, indices are seasonally adjusted.

The indice of purchase prices of the means of agricultural production (IPAMPA) reflects the evolution prices of goods and services used in the agricultural process. It is not seasonaly adjusted.

The methodology can be found via the links thereafter for IPPAP: 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 September 2020 at 12:00

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