In April 2011, the price of oil continued to risePrices of oil and raw material imports - April 2011

In April, the price of oil in dollars rose again strongly (+7.9 % after +10,6 % in March) to reach $123.6 per barrel Brent. The foreign currencies prices for non-energy commodities imported in France continued to decline slightly ( 0.2 % après -0.4 % in March).

In April, the price of oil in dollars rose again strongly (+7.9 % after +10,6 % in March) to reach $123.6 per barrel Brent. The foreign currencies prices for non-energy commodities imported in France continued to decline slightly (–0.2 % après -0.4 % in March).

The price of oil continued to grow

In April, the dollar price of oil from the North Sea (Brent) continued to rise (+7.9 % after +10.6 %). In euros, the rise in oil prices was lower (+4.7 %) due to the appreciation of the euro against the dollar (+3,1 %). Over the last three months, the price of oil rose by 28.2 % in dollars and 18.6 % in euros.

Price of industrial raw materials stabilized

In April, prices of industrial raw materials in foreign currencies stabilized (+0.1 % after -0.4 %). The prices of mineral raw materials rebounded (+0.7 % after -0.3%). On the one hand, precious metals rose again (+9.4 % after +7.5 %) due to the rebound in prices of palladium (+1.3 % after -7.3 %) and platinum (+1.4 % after -3.2 %), and acceleration of prices of silver (+17.2 % after +16.4 %). On the other hand, prices of nonferrous metals started to rebound (+1.7 % after -1.4 %), including lead (+4.5%) and aluminium (+4.3 %).

However, the decline in prices of agro-industrial raw materials increased (–1.5 % after -0.7 %). Prices of sawn wood of conifers sharply folded (-10,7 %) as well as prices of natural fiber textiles (–6.1 %), including cotton (-6.9 %).

Lower prices of raw food materials continued

In April, prices of raw food materials in foreign currencies declined again (–0.7 % after –0.4 %). The drop in sugar prices continued (–9.7 % after -11.4 %) and tropical beverages decreased (–3.0 % after +0.8 %), including cocoa (–7.8 %), the resumption of exports in Côte d’Ivoire, which represents about one third of the world cocoa market. Cereals prices rebounded (+2.3 % after –3,6 %), mainly because of higher price of corn (+10.2 %). The drop in stocks in U.S. and poor crop prospects (U.S.A, Argentina and Mexico in particular) suggest waiting a slowdown in the global supply of corn, while the demand remains strong.

tabpetrole – Oil and petroleum products

in dollars
Oil and petroleum products
Prices Change (%)
over the last month over the last month over the last 3 months over the last 12 months
Brent in $ per barrel 123,6 7,9 28,2 45,7
Brent in € per barrel 85,5 4,7 18,6 35,3
Gasoline 1139,9 8,3 36,1 43,8
Gas Oil 1022,8 5,1 27,4 43,4
Heavy fuel 631,3 7,3 31,5 41,9
Naphta 1051,9 7,7 23,5 43,9
  • 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 last month over the last 3 months over the last 12 months
Food total 275,3 –0,7 2,2 28,3
Tropical beverages 302,0 –3,0 7,1 30,0
Oil seeds, vegetable oils 293,2 0,5 –2,4 30,4
Cereals 286,0 2,3 2,9 39,7
Sugar 312,2 –9,7 –20,8 57,7
Beef meat 168,3 1,3 10,4 11,8
Industrial raw materials 279,7 0,1 2,1 11,7
Agricultural raw materials 170,7 –1,5 –2,9 6,7
Natural Fibers 403,1 –6,1 18,5 128,5
Natural rubber 603,9 2,8 –7,0 40,5
Hides 110,1 –1,3 –3,6 –4,3
Wood pulp 146,2 2,9 5,4 8,0
Tropical wood 156,4 1,3 3,8 14,7
Sawn softwood 102,1 –10,7 –14,5 –14,6
Minerals 338,2 0,7 3,9 13,5
Iron ore 588,3 –7,7 –7,7 –4,0
Non-ferrous metals 302,1 1,7 4,5 14,0
Precious metals 471,8 9,4 22,7 56,9
All commodities 267,6 –0,2 2,1 17,4
  • Source : Insee

G_petrole – Oil

  • Source : INSEE

G_alim – Food

  • Source : INSEE

G_ensemble – All commodities

  • Source : INSEE

G_indus – Industrial raw materials

  • Source : INSEE