The prices of oil and raw materials rose in MarchPrices of oil and raw material imports - March 2010

In March, oil prices reboundedl by 7.1% after falling 3.4% in February. The price of of oil stood at $78.8 a barrel, an in-crease of 69.0% compared to March 2009. Prices for non-energy commodities imported by France rebounded also (+3.3% after -2.6% in February).

Informations rapides
No 99
Paru le : 09/04/2010

In March, oil prices reboundedl by 7.1% after falling 3.4% in February. The price of of oil stood at $78.8 a barrel, an increase of 69.0% compared to March 2009. Prices for non-energy commodities imported by France rebounded also (+3.3% after -2.6% in February).

Oil prices increased again

In March, prices of oil from the North Sea (Brent) increased by 7.1% in dollars (after -3.4% in February), in connection with the rebound in demand in the Unites States. In euros, the price increased more strongly (+7.9%) as the euro depreciated by 0.7% vis-à-vis the U.S. dollar.

Prices of industrial materials rebounded

In March, prices of industrial raw materials in foreign currencies rose again (+6.0%). Their rise over one year thus amounted to 69.1%. The prices of minerals rose (+7.7%) : all the prices of non-ferrous metals increased (+8.7%), on top of which nickel (+18.4%) due to the miners’ strike in Canada.Precious metalsall appreciated (+4.0%), particularly silver (+7.8%) and palladium (+8.2%).

Prices of agro-industrial materials continued to increase (+1.6%), with the exception of sawn timber of conifers (-2.8%).

Raw food materials prices continued to decline

In March, prices of raw materials food in foreign currencies fell again (-1.4% after –4.3% in February). The biggest fall affected sugar (-27.6%), reflecting a better than expected production in India, tropical beverages (-3.9%, including 6.1% for cocoa) and cereals (-4.0% with –6.7% for rice). However, oilseedshad increased (+1.1%), including palm oil (+4.6%) and sunflower oil (+5.7%).

tabpetrole – Oil and petroleum products

in dollar
Oil and petroleum products
Prices Change (%)
of last month over the last month over the last 3 months over the last 12 months
Brent in $ per barrel 78,8 7,1 5,9 69,0
Brent in € per barrel 58,1 7,9 13,6 62,5
Gasoline 770,3 12,4 15,9 79,4
Gas Oil 669,5 8,8 9,9 64,3
Heavy fuel 434,8 1,9 2,7 94,3
Naphta 729,2 7,6 7,0 85,8
  • Prices are in dollars per tonne unless otherwise specified
  • Source: INSEE

tabmatprem – Imported raw materials (excluding energy) in domestic currency

base 100 in 2000
Imported raw materials (excluding energy) in domestic currency
Index Changes (%)
over last month over the last 3 months over the last 12 months
Food total 214,0 –1,4 –6,5 13,4
Tropical beverages 223,8 –3,9 –14,0 14,9
Oil seeds, vegetable oils 226,9 1,1 –5,0 12,4
Cereals 218,5 –4,0 –9,7 –7,8
Sugar 236,5 –27,6 –22,6 49,0
Beef meat 140,5 8,4 16,6 14,1
Industrial raw materials 230,2 6,0 8,9 69,1
Agricultural raw materials 152,3 1,6 16,3 67,8
Natural Fibers 173,5 6,5 10,8 65,4
Natural rubber 426,6 2,8 12,1 106,0
Hides 104,6 7,2 10,7 142,5
Wood pulp 129,5 4,9 10,7 52,7
Tropical wood 131,5 1,2 –0,6 –2,9
Sawn softwood 108,4 –2,8 26,7 80,3
Minerals 270,2 7,7 6,4 69,3
Iron ore 350,6 0,0 0,0 0,0
Non-ferrous metals 254,2 8,7 6,5 86,4
Precious metals 292,4 4,0 1,8 32,6
All commodities 218,7 3,3 2,8 45,3
  • Source: INSEE

G_petrole_ang – Oil

  • Source: INSEE

G_alim_ang – Food

  • Source: INSEE

G_ensemble_ang – All commodities

  • Source: INSEE

G_indus_ang – Industrial raw materials

  • Source: INSEE