The prices of oil and raw materials rose in JanuaryPrices of oil and raw material imports - January 2010

In January, oil price rose 2.4% after falling 2.9% in December. The price of barrel settled at $76.2; compared to January 2009, it rose by 73.8%.

Informations rapides
No 40
Paru le : 05/02/2010
Prochaine parution le : 21/11/2017 at 12:00 - October 2017

In January, oil price rose 2.4% after falling 2.9% in December. The price of barrel settled at $76.2; compared to January 2009, it rose by 73.8%.

Prices for non-energy commodities imported by France rose again (+3.3% after +4.6% in December).

Oil prices rose

In January, the price of oil from the North Sea (Brent) increased again (+2.4% after -2.9% in December). The harsh winter in the Northern Hemisphere has supported oil prices. In euros, the increase was more pronounced (+4.5 %) due to the depreciation of the euro vis-à-vis the dollar (-2.1 %).

Prices of industrial materials continued to rise

In January, prices of industrial materials in foreign currencies increased again (+4.2% after +5.3% in December). On the one hand, the prices of minerals increased by +4.0%), driven by higher prices of non-ferrous metals (+4.2%), including titanium (+10.6%), nickel (+7.6%) and copper (+5.7%). Similary, the prices of precious metals appreciated strongly (+6.6 %): increases in the prices of palladium (+15.8 %) and platinum (+8.3 %) outweighed the fall in gold (–1.5 %).

On the other hand, the prices of agro-industrial materials continued to grow (+4.7 %), includind wool (+8.6), natural rubber (+7.4 %) and wood sawn coniferous (+5.7 %).

Raw food materials prices decreased

In January, prices of raw food in foreign currencies declined (-0.9% after +3.0% in December). The prices of tropical beverages fell to 2.5 % (after +4.0 % in December) due to a fall of 15.1 % of the price of tea: a more favorable weather than expected generated an excess production of tea in Kenya. Oilseeds prices declined also (-1.9 %), in conjunction with the falling prices of olive oil (-3.0 %) and soybean (-4.7 % for soybeans and -3.0 % for soybean meal). However, prices of cereals stagnated (+0.0 %). Finally, sugar prices rose sharply (+14.0 %) because of lower production in Brazil and India.

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 76,2 2,4 4,7 73,8
Brent in € per barrel 53,4 4,5 8,7 61,3
Gasoline 704,0 5,9 6,7 82,7
Gas Oil 631,6 3,7 3,1 34,9
Heavy fuel 442,7 4,5 7,1 107,3
Naphta 713,3 4,7 15,0 106,0
  • 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 226,8 –0,9 3,4 15,8
Tropical beverages 253,8 –2,5 0,8 24,3
Oil seeds, vegetable oils 234,3 –1,9 3,5 10,1
Cereals 242,0 0,0 9,8 3,6
Sugar 348,4 14,0 22,5 131,8
Beef meat 126,7 5,1 4,5 –1,8
Industrial raw materials 221,5 4,2 14,1 61,8
Agricultural raw materials 137,1 4,7 17,7 46,9
Natural Fibers 160,3 2,3 13,8 40,9
Natural rubber 408,7 7,4 31,4 98,5
Hides 99,0 4,7 21,3 74,8
Wood pulp 119,8 2,4 9,6 33,2
Tropical wood 131,9 –0,3 –2,2 –2,8
Sawn softwood 90,4 5,7 23,4 50,6
Minerals 266,0 4,0 13,0 67,1
Iron ore 350,6 0,0 0,0 0,0
Non-ferrous metals 248,6 4,2 14,4 82,8
Precious metals 352,0 6,6 15,8 55,6
All commodities 220,6 3,3 11,2 43,8
  • 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