8 April 2011

2011
In March 2011, oil prices accelerated Prices 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).

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The price of oil accelerated
Prices of imported industrial raw materials fell
The prices of raw food materials imported declined

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%).

tableautabpetrole – Oil and petroleum products

in dollar

Oil and petroleum products (in dollar)
	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

tableautabmatprem – Imported raw materials (excluding energy) in domestic currency

base 100 in 2000

Imported raw materials (excluding energy) in domestic currency (base 100 in 2000)
	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