The commodities prices continued to rise in AugustPrices of oil and raw material imports - August 2010
In August, the price of oil rose (+2.2%) and stood on aver-age at $ 77.0 per barrel. Meanwhile, the prices for non-energy commodities im-ported by France have continued to rise (+4.5% in foreign currencies, after +2.1% in July).
In August, the price of oil rose (+2.2%) and stood on average at $ 77.0 per barrel.
Meanwhile, the prices for non-energy commodities imported by France have continued to rise (+4.5% in foreign currencies, after +2.1% in July).
The price of oil rose again
In August, the dollar price of oil from the North Sea (Brent) increased again (+2.2% after +0.9% in July). In euros, the increase of the price (+1.3% after –3.7% in July) was attenuated by the slight appreciation of euro vis-à-vis the dollar (+0.8 %).
The Prices of industrial raw materials acclerated
In August, the increase of the prices of industrial raw materials in foreign currencies rose (+5.0). The prices of mineral materials has risen again (+6.4%). The prices of nonferrous metals have all appreciated (+7.9%), particularly lead (+13.0%), zinc (+10.9%), nickel (+9.7%) and copper (+8.1%). Meanwhile, the precious metals prices rebounded , particularly, those of palladium (+7.6%, in line with fears of decline in production in South-Africa), silver (+2.2%) and glod (+1.9%).
The prices of agricultural raw materials also increased (+ 1.3%) due to the increase of the prices of natural rubber (+4.4%) and sawn timber tropical (+2.4%). The rebound in cotton prices (+7.5%) due to a sharp drop in production in China and Pakistan, fired up by the prices of natural fibers textiles (+6.3%).
The prices of raw food materials assessed
In August, the prices of raw food in foreign currencies rose again (+3.6% after +3.0% in July).The prices of oilseeds, vegetable oils have again increased appreciably (6.3% after +4.1%), includind palm oil (+11.6%), sunflower oil (+11.6%) and soybean meal (+5.5%). The prices of cereals also rose (4.8%) : the rise in the international wheat prices, a result of fires in Russia and poor harvest in some exporting countries, led to an increase in price for other cereals, and including maize (+9.0%). The prices of sugar continued to rise rapidly (+9.0% after +11.5% in July). In contrast, the prices of tropical betteraves were down (-4.3%) due to the higher production than expected in Côte d’Ivoire..
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||77.0||2.2||1.7||6.2|
|Brent in € per barrel||59.7||1.3||–1.1||17.4|
- 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||242.9||6.3||9.6||1.1|
|Industrial raw materials||228.6||5.0||0.6||23.0|
|Agricultural raw materials||144.3||1.3||–5.0||31.8|
- Source : INSEE