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).

Informations rapides
No 220
Paru le : 10/09/2010
Prochaine parution le : 21/11/2017 at 12:00 - October 2017

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..

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 77.0 2.2 1.7 6.2
Brent in € per barrel 59.7 1.3 –1.1 17.4
Gasoline 699.7 1.7 –3.2 0.6
Gas Oil 651.2 2.0 –0.3 9.4
Heavy fuel 424.0 4.9 1.0 3.3
Naphta 659.6 6.5 –3.3 4.4
  • 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 223.1 3.6 4.8 3.0
Tropical beverages 243.1 –0.8 5.5 9.0
Oil seeds, vegetable oils 242.9 6.3 9.6 1.1
Cereals 213.7 4.8 4.9 –3.5
Sugar 235.9 9.0 31.6 –11.5
Beef meat 138.1 3.3 –8.5 11.2
Industrial raw materials 228.6 5.0 0.6 23.0
Agricultural raw materials 144.3 1.3 –5.0 31.8
Natural Fibers 179.1 6.3 1.1 36.0
Natural rubber 392.5 4.4 3.8 44.6
Hides 114.4 –1.2 –0.8 25.4
Wood pulp 141.2 –1.3 1.3 42.7
Tropical wood 148.2 2.4 6.8 14.4
Sawn softwood 85.4 2.2 –19.4 14.2
Minerals 273.1 6.4 2.6 20.4
Iron ore 612.7 0.0 0.0 74.7
Non-ferrous metals 238.5 7.9 3.3 13.2
Precious metals 308.2 2.1 –0.9 28.9
All commodities 220.8 4.5 2.0 15.0
  • Source : INSEE

G_petrole_ang – Oil

G_alim_ang – Food

  • Source : INSEE

G_ensemble_ang – All commodities

  • Source : INSEE

G_indus_ang – Industrial raw materials