In November 2015, overall agricultural producer prices decreased by 0.7%Indices of agricultural prices - November 2015

In November 2015, overall agricultural prices fell back compared with the previous month (–0.7%). Over one year, they dropped by 0.3%.

In November 2015, overall agricultural prices fell back compared with the previous month (–0.7%). Over one year, they dropped by 0.3%.

Moderate increase in cereals prices and oleaginous prices

Cerales prices kept on rallying in November (+1.7% compared to October, after +5.4% the previous month). With the decline in euro, the French exporters benefitted from more attractive prices, in particular towards their competitors in the Black Sea region.

cereal – Producer prices of cereals

  • Source: INSEE

The depreciation in euro also drove upward oleaginous prices, as they increased by 1.7%. In addition, sunflower prices were up due to weak crop, combined with a sustained demand from the grinding industry. Over one year, oleaginous prices surged by 15.0% following the drop in world wide rape crop, the main seed growed in France.

Jump in potatoes prices year-over-year

Compared to November 2014, potatoe prices increased by nearly 50 % yoy. The 2015 crop reached its long-term average whereas the previous one was exceptional.

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

Fresh fruit prices increased yoy (+7.0%). Apples were sold easily through exportations, toward Asia in particular. The rise in pear prices reflected a downturn in the supply: the autumn varieties were scarce despite the presence in this market of Belgium and the Netherlands.

vegetable – Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Fresh vegetables prices diminished yoy (–6.7 %). In particular, lettuces and tomatoes prices fell. However, compared to last year, the consumers favoured the seasonal vegetables, noticeably carots and leeks, whose prices surged.

Slide in overall animal prices

On a seasonally adjusted basis, prices of animals decreased in November (–1.2%). Pig prices plunged again (–5.0%) : the excess supply was fueled by the foreign competition noticeably from Spain. Calves prices gained 8.5% over the quarter due to the decrease in slaughters.

pig – Producer prices of pigs and large cattle

  • Source: INSEE

Tab1 – Indices of producer prices of agricultural products (IPPAP)

base year: 2010
Indices of producer prices of agricultural products (IPPAP)
Weights Nov. 2015 Variation as % over
a month 3 months a year
raw Seasonally adjusted raw
Agricultural goods output 1000 112.1 –0.7 +1.5 –0.3
excluding fruits and vegetables 900 113.4 +0.3 +1.5 –0.2
Crop output (excluding fruits and vegetables) 505 117.2 +0.9 +3.4 +2.4
Cereals 188 106.8 +1.7 +1.6 –3.2
of which soft wheat 112 104.4 +3.7 +6.9 –1.8
grain maize 41 98.9 +1.9 –1.6 +12.0
Potatoes 26 142.6 /// /// +49.1
Wines 177 131.2 +1.2 +2.5 +0.5
Protected designation of origin 84 137.7 +2.5 +4.7 +0.4
other wines 23 147.9 –1.0 –0.4 +1.1
Oleaginous 49 104.6 +1.7 +4.0 +15.0
Horticultural products 30 111.5 –1.3 +2.0 +3.1
Other crop products 36 106.9 +0.1 –1.0 –0.5
Fruits and vegetables (1) 100 100.3 /// /// –1.0
Fresh vegetables 53 88.2 /// /// –6.7
Fresh fruits 35 114.7 /// /// +7.0
Animal output 395 108.4 –0.6 –1.0 –3.7
Animals 234 112.0 –1.2 –1.7 +0.9
of which large cattle 96 118.7 –0.6 –1.6 +3.1
calves 26 108.7 +3.3 +8.5 –0.7
pigs 54 101.0 –5.0 –8.4 –1.2
sheep 10 117.1 –3.6 –0.5 –4.3
poultry 46 111.7 –0.2 +1.0 +0.6
of which chicken 28 111.8 –0.3 +1.0 +1.0
Milk 147 100.9 0.0 +0.2 –10.9
of which cow milk (2) 137 99.7 0.0 +0.2 –11.8
Eggs 15 125.7 +4.4 –0.3 –2.7

    Purchase prices of means of production was practically stable in November

    In November 2015, intermediate consumption prices fell slightly compared to the previous month (–0.2 %). Over one year, they fell by 1.6%, mostly reflecting the slump in energy prices (–13.8%). Capital goods prices were virtually stable. Over one year, they increased by 0.8%, driven up by the rise in material prices (+1.2 %).

    means – Purchase prices of the means of agricultural production

    Tab2 – Indices of purchase prices of the means of agricultural production (IPAMPA)

    Base year: 2010
    Indices of purchase prices of the means of agricultural production (IPAMPA)
    Weights Nov. 2015 Variation as % over
    a month 3 months a year
    Total input 1000 108.8 –0.1 –0.5 –1.1
    Intermediate consumptions 764 109.6 –0.2 –0.5 –1.6
    Energy 100 94.4 –0.1 –0.3 –13.8
    Seeds 57 109.6 –0.1 +0.6 +1.3
    Fertilisers and soil improvers 92 116.4 –0.2 –0.5 –0.1
    Plant protection products 78 100.5 –0.2 –0.1 –0.7
    Animal feed 205 116.2 –0.4 –1.6 –0.3
    Veterinary expenses 43 115.1 –0.1 +0.1 +2.5
    Small equipment and tools 17 109.2 –0.2 –0.5 –0.4
    Maintenance of materials 67 113.4 –0.1 0.0 +1.6
    Maintenance of buildings 9 107.0 0.0 0.0 +0.1
    Other goods and services 97 101.3 –0.2 –0.2 –0.5
    Goods and services contributing to investment 236 106.7 +0.1 –0.2 +0.8
    Material 186 107.4 +0.1 –0.2 +1.2
    Tractors 79 107.2 +0.3 –0.4 +1.5
    Machinery and plant for cultivation 36 109.2 –0.2 –0.3 +1.1
    Machinery and plant for harvesting 42 107.9 +0.1 +0.1 +1.1
    Utility vehicles 18 105.1 +0.5 +0.2 +0.7
    Buildings 50 104.1 0.0 0.0 –0.8
    • (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)