Informations Rapides · 22 December 2023 · n° 336

In November 2023, agricultural producer prices fell by 10.0% year on year Indices of agricultural prices - November 2023

In November 2023, agricultural producer prices continued to go down year on year (‑10.0% after ‑10.1% in October and ‑8.4% in September). These prices were nonetheless still 21.3% above their November 2019 level. Over one month, excluding fresh fruits and vegetables, agricultural producer prices fell again (‑0.8% after ‑1.2%).

In November 2023, input purchase prices went down again over one month (‑0.8% after ‑0.3% in October and +0.2% in September), as year on year (‑7.3% after ‑7.0% and ‑5.1%). However, they were still 26.7% higher than in November 2019.

In November 2023, cereal prices went down over one month for the forth consecutive time (‑2.8% after ‑2.0% in October and ‑1.3% in September). Soft wheat prices fell again (‑3.5% after ‑1.2%), due to increased competition on the one hand, and to the rise of euro towards dollar on the other. Those for durum wheat continued to go down (‑3.9% after ‑0.2%), driven by the more attractive Canadian production. The fall in maize prices softened (‑1.5% after ‑4.3%). Year on year, cereal prices continued to drop substantially (‑31.4% in November after ‑33.2% in October). They were nonetheless still well above their level of four years ago (+29.4% compared with November 2019).

Oil seed prices recovered over one month in November 2023 (+0.6% after ‑3.8% in October). Soybean prices bounced back (+8.0% after ‑3.6%), due to disappointing harvest and to bad weather conditions in Brazil. Those for sunflower went up too (+2.8% after ‑2.8%). Rapeseed prices fell slightly (‑0.3% after ‑4.1% in October), because of weak demand and Eastern Europe competition. Year on year, oil seed prices continued to go down in November (‑28.5% after ‑30.5% in October). However, they were 16.6% higher than in November 2019.

In November 2023, fresh vegetable prices rose by 28.1% year on year (after a stability in October), due to unfavourable weather conditions in early November. Prices bounced back for tomatoes (+58.8% after ‑1.6%), for chicories (+33.5% after ‑4.3%) and for leeks (+6.2% after ‑34.2%). Prices for salad intensified their rise (+21.6% after +1.9%). Prices continued to go up for coloured onions (+20.8% after +25.9%) and for carrots (+11.6% after +11.4%). In November 2023, fresh vegetable prices were 36.6% above their November 2019 level.

Year on year, fresh fruit prices continued to go up in November 2023 (+11.2% after +18.8% in October). Prices rose sharply for pears (+19.1% after +23.7%) and for apples (+15.1% after +18.9%). Prices of nuts weakened again (‑7.7% after ‑11.9%). Fresh fruit prices were 31.1% above their November 2019 level.

In November 2023, animal prices continued to go down over one month (‑2.0% after ‑0.4% in October). The fall of prices was sharp for pigs (‑4.4% after ‑0.1% in October) and for large cattle (‑2.3% after ‑0.4%); it was more moderate for poultry (‑0.5% after ‑0.9%).

Year on year, the fall in animal prices intensified in November (‑4.5% after ‑3.1% in October 2023). Prices went down for poultry for the eighth month in a row (‑8.5% after ‑7.1%), those for large cattle for the second consecutive month (‑4.2% after ‑1.5%), and those for pigs for the forth consecutive month (‑3.5% after ‑4.1%). In November 2023, animal prices were nonetheless 28.3% higher than in November 2019.

In November 2023, egg prices rose again significantly over one month (+7.5% after +8.5% in October), driven up by strong national demand. Year on year, they fell however substantially (‑11.2% after ‑22.4% in October). They remained well above (+66.8%) their level of November 2019.

Prices of cow milk went down year on year (‑5.2% after ‑2.6% in October). They were well above their November 2019 level (+26.4%).

In November 2023, the purchase prices of intermediate consumption fell again over one month (‑1.2% after ‑0.5% in October). Prices continued to go down for energy (‑3.9% after ‑2.3%) and for animal food (‑0.9% after ‑1.2% in October). Prices fell back for fertilizers and soil improvers (‑1.3% after +0.7%) and for plant protection products (‑1.6% after +0.2%). They were almost stable for “other goods and services” (‑0.1% after +0.1% in October) and for small equipment and tools (+0.1%, after a stability in October). Prices for the maintenance of buildings were unchanged (after ‑0.2%). Prices went up for seeds (+0.2% after +0.4%), for the maintenance of materials (+0.3% after +0.5%), and for veterinary expenses (+0.4% after +0.1%). Year on year, the purchase prices of intermediate consumption went down for the eighth consecutive month (‑9.7% in November after ‑9.4% in October). They were nevertheless 28.4% higher than in November 2019.

In November 2023, the prices of investment goods rose by 0.4% over one month (after a stability in October). They rose by 1.1% year on year (after +1.2% in October) and by 21.6% compared with November 2019.

The year-on-year percentage change of the index of producer prices for agricultural products in October 2023 has been revised downwards by 0.1 percentage points at ‑10.1%. The year-on-year percentage change of the index of the purchase prices of inputs for agricultural production in October 2023 has also been revised downwards by 0.1 percentage points, at ‑7.0%.