The prices of oil and raw materials continued to rise in AprilPrices of oil and raw material imports - April 2010

In April, the price of oil price rose again (+7.6% after +7.1% in March). The price of barrel stood at $84.8 : in one year, it increased of 69.0%.

Informations rapides
No 123
Paru le : 07/05/2010

In April, the price of oil price rose again (+7.6% after +7.1% in March). The price of barrel stood at $84.8: in one year, it increased by 69.0%.

Prices for non-energy commodities imported by France also increased (+3.5% in foreign currencies, after +3.3% in March).

Oil price continued to rise

In April, the price of oil from the North Sea (Brent) increased again (+7.6% after +7.1% in March). Markets upwards revised their expectations for oil consumption in 2010. In euros, the increase was more pronounced (+8.9 %) due to the depreciation of euro vis-à-vis the dollar (-1.2 %).

Prices of industrial raw materials increased again

In April, prices of industrial raw materials in foreign currencies increased again (+5.2%). Their rise over one year thus amounted to 65.4%. On the one hand, the prices of minerals increased (+5.0%), due to the sustained rise in prices of nonferrous metals (+5.4%). In particular, nickel prices jumped +15.9%. Similarly, the prices of precious metals were all higher (+5.4 %), and especially those of platinum (+7.1 %) and palladium (+15.3 %).

On the other hand, prices of agricultural raw materials accelerated (+5.6 % after +1.6% in March), includind wood pulp (+4.5%), hides of bovine (+10.0%) and wood sawn coniferous timber (+10.3%).

Raw food materials prices recovered

In April, prices of raw food in foreign currencies rebounded (+0.3% after -1.4% in March). The prices of tropical beverages also rebounded (+3.8% after -3.9% in March) due to rising prices of cocoa (+5.4%) and robusta (+5.5%). The price of beef meat increased (+7.1%). However, prices of cereals fell sharply (-6.3% with –8.8% for rice). Oilseeds and vegetable oils prices fell (-1.8%), particularly that of olive oil (-3.5%) and sunflower oil (.5.4%). Finally, the price of sugar continued to fall (-16.3 % after –27.6 in March) due to an increase in the production in Brazil, India and China.

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 84,8 7,6 11,3 69,0
Brent in € per barrel 63,2 8,9 18,4 66,2
Gasoline 792,8 2,9 12,6 63,3
Gas Oil 713,4 6,6 13,0 63,4
Heavy fuel 444,9 2,3 0,5 67,9
Naphta 731,1 0,3 2,5 75,7
  • 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 214,7 0,3 –5,4 9,5
Tropical beverages 232,3 3,8 –8,5 17,0
Oil seeds, vegetable oils 222,9 –1,8 –4,4 5,0
Cereals 204,8 –6,3 –15,2 –12,3
Sugar 197,9 –16,3 –43,2 22,9
Beef meat 150,6 7,1 18,8 14,3
Industrial raw materials 242,1 5,2 9,7 65,4
Agricultural raw materials 160,9 5,6 16,8 68,1
Natural Fibers 176,4 1,7 10,3 54,6
Natural rubber 429,7 0,7 5,1 89,5
Hides 115,1 10,0 16,3 155,2
Wood pulp 135,3 4,5 12,9 58,7
Tropical wood 136,4 3,7 3,4 –3,8
Sawn softwood 119,6 10,3 32,2 81,3
Minerals 283,7 5,0 7,3 64,2
Iron ore 350,6 0,0 0,0 0,0
Non-ferrous metals 268,0 5,4 8,1 77,2
Precious metals 308,2 5,4 5,4 40,2
All commodities 226,4 3,5 4,2 41,9
  • 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