In March 2011, oil prices acceleratedPrices of oil and raw material imports - 8th April 2011

In March, price of oil in dollars accelerated (+10.6% after +7.4% in February), reaching $114.5 per barrel of Brent. In contrast, prices of foreign currencies for non-energy com-modities imported in France fell(-0,4% after +2.7% in Feb-ruary).

In March, price of oil in dollars accelerated (+10.6% after +7.4% in February), reaching $114.5 per barrel of Brent. In contrast, prices of foreign currencies for non-energy commodities imported in France fell (-0,4% after +2.7% in February).

The price of oil accelerated

In March, prices in dollars of oil from the North Sea (Brent) accelerated (+10.6% after 7.4% in February). Political unrest in North Africa and the Midlle East continued to weigh on oil prices. In euros, oil prices rose less strongly (+7.8% after +5.1%), due to the appreciation of euro vis-à-vis the dollar (+2.6%).

Prices of imported industrial raw materials fell

In March, prices of industrial raw materials in foreign currencies fell (-0.4% after +2.4%). The prices of mineral raw materials folded up (-0.3% after 3.5%) due to lower prices of the nonferrous metals (-1.4% after +4.3%), including zinc (-5.2%), nickel (-5.1%) and copper (-3.4%). However, precious metals prices accelerated (+7.5% after +4.4%), including silver (+16.4%) and gold (+3.7%). The prices of palladium and platinum folded up (respectively -7.3% and -3.1%).

The prices of agro-industrial raw materials also declined (-0.7%), especially that of natural rubber (-10.0%). Conversely, prices of natural textile fibers continued to grow rapidily (+7.0%), including cotton prices (+7.6%).

The prices of raw food materials imported declined

In March, prices of raw food in foreign currencies also retreated (-0.4% after +3.4%). The drop in sugar prices accentuated (-11.4% after -1.0%), and cereals prices fell ( -3.6% after +4.3%), including rice (-5.9%). By contrast, prices for beef meat accelerated (+7.2% after +1.7%).

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 114,5 10,6 24,8 45,3
Brent in € per barrel 81,7 7,8 17,7 40,7
Gasoline 1052,4 20,0 26,8 36,6
Gas Oil 972,8 10,6 27,9 45,3
Heavy fuel 588,2 8,9 28,2 35,3
Naphta 976,5 11,4 15,7 33,9
  • 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 the last 3 months over the last 12 months
Food total 277,4 –0,4 7,0 30,0
Tropical beverages 311,2 0,8 16,7 39,1
Oil seeds, vegetable oils 291,8 –2,7 –0,5 28,0
Cereals 279,4 –3,6 1,0 27,9
Sugar 345,6 –11,4 –9,7 46,1
Beef meat 166,2 7,2 18,1 18,2
Industrial raw materials 279,3 –0,4 6,3 23,5
Agricultural raw materials 173,4 –0,7 3,8 15,2
Natural Fibers 429,2 7,0 34,3 147,3
Natural rubber 587,3 –10,0 0,9 37,7
Hides 111,5 –2,4 –1,7 6,6
Wood pulp 142,1 1,6 3,4 9,7
Tropical wood 154,3 0,2 3,5 17,3
Sawn softwood 114,3 1,9 3,1 5,5
Minerals 335,8 –0,3 7,1 26,7
Iron ore 637,0 0,0 0,8 81,7
Non-ferrous metals 297,2 –1,4 7,7 18,5
Precious metals 431,4 7,5 15,1 51,2
All commodities 268,1 –0,4 6,4 25,7
  • Source : INSEE

G_petrole_ang – Oil

G_alim_ang – Food

  • Source : INSEE
  • Source : INSEE

G_ensemble_ang – All commodities

  • Source : INSEE

G_indus_ang – Industrial raw materials

  • Source : INSEE