Overall producer prices of agricultural products increased in NovemberIndices of agricultural prices - November 2013

Overall producer prices of agricultural products rose slightly in November compared to last month (+0.7 %) ; they dropped by 6.4% over one year.

Informations rapides
No 294
Paru le : 20/12/2013
Prochaine parution le : 29/09/2017 at 12:00 - August 2017

Overall producer prices of agricultural products rose slightly in November compared to last month (+0.7 %) ; they dropped by 6.4% over one year.

Cereal prices have rallied for two months, going up by 1.9 % in November. Wheat prices increased due to bearish estimations for the global crop. Maïze prices hardly increased: its demand was bullish, noticeably driven by China, but its supply jumped as well, fed by the record crop in the United-States, the first global producer.

cereal – Producer prices of cereals

Oleaginous prices went up again in November (+2.1 %). Prices for both rape and soy rose, as these two goods are partially substituable. There were still uncertainties regarding the next crop of soy in South-America; its demand was driven by China.

Wine prices were stable in November, as the dip in PDO wine prices was offset by the leap in other wines prices.

Potato prices noticeably decreased compared to last year (-8.9 %), although remaining at a high level. The crop in North-Western Europe rose only slightly as a result of the tumble in yields in Germany.

Fresh fruits prices dropped year-over-year (–10.3 %). Apple and pear prices decreased as their production rose sharply this year.

vegetable – Producer price of fresh vegetables

Fresh vegetables prices decreased year-over-year (–7.4 %). Tomatoes and lettuces sold less easily due to the sharp cooling in November. Conversely this phenomenon led to a more significant consumption of leeks, carrots and chicories, whose prices were high.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animal prices dipped in November (-1.1 %). Big cattle and calve prices were almost stable over one year; the slaughters were run down to balance a dull demand. Pig prices continued to decrease as the result of the German competition. Egg prices have rallied for three months (+25.3 %), after an over-production period.

Tab1 – Indices of producer prices of agricultural products (IPPAP)

Base year 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights Nov. 2013 a month 3 months a year
raw Seasonally adjusted data raw
Agricultural goods output 1000 118.2 +0.7 –0.4 –6.4
excluding fruits and vegetables 900 119.9 +0.3 –0.2 –6.3
Crop output (excluding fruits and vegetables) 502 120.7 +1.0 –0.1 –12.1
Cereals 190 119.8 +1.9 +3.3 –26.2
of which soft wheat 113 122.2 +2.7 +9.7 –25.0
grain maize 42 106.4 +0.5 –9.6 –31.9
Potatoes 26 169.2 /// /// –8.9
Wines 171 123.4 0.0 +4.1 +9.2
Protected designation of origin 135 123.0 –0.4 +4.3 +10.6
other wines 36 124.7 +1.3 +3.4 +4.2
Oleaginous 49 101.3 +2.1 +4.8 –22.2
Horticultural products 31 108.8 0.0 –0.7 +1.0
Other crop products 34 114.9 +2.0 –1.6 –3.9
Fruits and vegetables (1) 100 102.0 /// /// –8.2
Fresh vegetables 51 89.7 /// /// –7.4
Fresh fruits 41 119.6 /// /// –10.3
Animal output 398 118.9 –0.5 –0.3 +2.4
Animals 234 119.8 –1.1 –4.3 –2.3
of which large cattle 96 123.7 –0.8 –4.2 –0.5
calves 26 109.1 +2.5 +4.1 –0.4
pigs 54 119.8 –3.3 –8.5 –6.9
sheep 10 121.3 –0.1 –5.5 +8.8
poultry 44 117.1 –0.8 –3.2 –3.9
of which chicken 18 118.2 –0.8 –3.4 –3.3
Milk 149 117.6 0.0 +4.5 +16.6
of which cow milk (2) 139 117.7 0.0 +4.8 +17.3
Eggs 15 117.5 +4.9 +25.3 –29.4
  • (1) Including vegetables for industry.
  • (2)The price for November is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from October
  • Sources: INSEE - SSP (ministry of agriculture)

Purchase prices of the means of agricultural production decreased in November.

The prices of intermediate consumptions dipped in November (-0.4 %). The fertilisers and animal feed were less expensive than last year by about 10%. Investment prices were stable.

means – Purchase price of the means of agricultural production

Tab2 – Indices of purchase prices of the means of agricultural production (IPAMPA)

Base year 2010
Indices of purchase prices of the means of agricultural production (IPAMPA)
weights Nov. 2013 Variation as % over
a month 3 months a year
Total input 1000 112.0 –0.3 –1.6 –3.4
Intermediate consumptions 755 114.1 –0.4 –2.1 –4.6
Energy (1) 102 119.2 +0.3 –1.3 –2.5
Seeds 67 108.7 +0.1 +0.5 +2.8
Fertilisers and soil improvers 100 112.4 –1.6 –5.6 –13.3
Plant protection products 83 101.6 +0.2 +0.5 +0.8
Animal feed 211 125.5 –0.8 –4.1 –9.5
Veterinary expenses 50 109.8 0.0 +0.5 +3.6
Small equipment and tools 16 110.0 –0.1 0.0 +2.4
Maintenance of materials 65 109.1 +0.1 +0.2 +2.3
Maintenance of buildings 9 106.8 +0.1 +0.1 +0.9
Other goods and services 52 101.3 0.0 –0.1 –0.8
Goods and services contributing to investment 245 105.6 0.0 0.0 +1.0
Material 193 105.4 0.0 +0.2 +1.3
Tractors 82 104.8 0.0 –0.2 +0.2
Machinery and plant for cultivation 37 105.7 +0.1 –0.1 +3.0
Machinery and plant for harvesting 43 107.4 +0.1 +1.1 +2.1
Utility vehicles 19 103.1 –0.2 0.0 +0.8
Total input 52 106.2 –0.1 –0.5 0.0
  • (1) The repayment of the domestic tax on energy products (TICPE) benefiting farmers has been applied in advance for the year 2013
  • Sources: INSEE - SSP (ministry of agriculture)