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).
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%).
tableau tabpetrole – Oil and petroleum products
|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|
- Prices are in dollars per tonne unless otherwise specified
- Source: INSEE
tableau tabmatprem – Imported raw materials (excluding energy) in domestic currency
|over last month||over the last 3 months||over the last 12 months|
|Oil seeds, vegetable oils||226,9||1,1||–5,0||12,4|
|Industrial raw materials||230,2||6,0||8,9||69,1|
|Agricultural raw materials||152,3||1,6||16,3||67,8|
- Source: INSEE