Overall producer prices of agricultural products were stable in OctoberIndices of agricultural prices - October 2013

In October 2013, overall producer prices of agricultural products were stable compared to September; they decreased by 6.3 % over one year.

In October 2013, overall producer prices of agricultural products were stable compared to September; they decreased by 6.3 % over one year.

Cereal prices rallied in October (+2.4 %). Wheat prices noticeably increased due to a sustained demand and anticipations of supply cuts in 2014 : the stocks could indeed be decreasing next year as a result of weak crops forecast in Argentina and Ukraine. Maïze prices continued to drop driven by the announcement of the significant crop in the United-States.

cereal – Producer prices of cereals

Oleaginous prices increased again this month (+1.1 %). The demand for rape might have risen due to an expected surge in the manufacturing of biodiesel in Europe further to the augmentation of custom duties on this fuel, as the imported biodiesels (Argentine and Indonesian) are not made with this grain.

Potato prices stayed at a high level declining only slightly compared to last year (–2.3 %). The crop in North-Western Europe rose only slightly as a result of the tumble in yields in Germany.

Wine prices rose in October compared to September (+3.2 %) reflecting the increase in prices for PDO wines.

Fresh fruits prices dropped year-over-year (–7.6 %). Apple and pear prices decreased as their production rose sharply this year. Moreover, consumers stayed aside from pear due to the balmy weather in October.

vegetable – Producer price of fresh vegetables

Fresh vegetables prices decreased year-over-year (–16.9 %). On the demand side, leeks and chicories sold less easily because of mild temperatures. On the supply side, the mild weather accelerated the maturity of cauliflowers, lettuces and lamb’s lettuces which were then quickly delivered.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animals prices dipped in October (-2.9 %). Prices of big cattle stagnated over one year due to a limited supply, which balanced a sluggish demand. Pigs were noticeably less expensive, as a result of German competition. The celebration of Aïd led to a seasonal extra supply of lambs but the demand stayed behind : sheep prices went down compared to September.

Egg prices picked up (+2.9 %) for the second month in a row, 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 Oct. 2013 a month 3 month a year
raw Seasonally adjusted data raw
Agricultural goods output 1000 117.0 0.0 –3.9 –6.3
excluding fruits and vegetables 900 119.0 +0.1 –3.1 –5.8
Crop output (excluding fruits and vegetables) 502 119.3 +1.6 –3.6 –10.5
Cereals 190 117.5 +2.4 –4.6 –25.0
of which soft wheat 113 119.0 +5.8 +2.2 –24.3
grain maize 42 105.9 –4.0 –20.4 –29.0
Potatoes 26 169.5 /// /// –2.3
Wines 171 123.5 +3.2 +3.4 +12.3
Protected designation of origin 135 123.5 +3.8 +4.4 +14.6
other wines 36 123.2 +0.9 –0.4 +4.4
Oleaginous 49 99.2 +1.1 –7.1 –24.2
Horticultural products 31 106.4 +0.7 +0.1 +1.7
Other crop products 34 111.9 0.0 –4.8 –7.0
Fruits and vegetables (1) 100 97.9 /// /// –11.8
Fresh vegetables 51 80.5 /// /// –16.9
Fresh fruits 41 122.2 /// /// –7.6
Animal output 398 118.5 –1.7 –2.4 +0.9
Animals 234 122.3 –2.9 –3.9 –2.0
of which large cattle 96 125.7 –2.2 –6.8 0.0
calves 26 106.4 +0.2 0.0 –0.9
pigs 54 127.9 –6.4 –1.0 –6.7
sheep 10 119.6 –3.7 –5.3 +7.3
poultry 44 118.1 –1.1 –2.7 –2.4
of which chicken 18 119.2 –1.4 –3.0 –2.8
Milk 149 113.1 0.0 –1.5 +11.6
of which cow milk (2) 139 112.9 0.0 –1.6 +11.9
Eggs 15 111.9 +2.9 +16.9 –30.9
  • (1) Including vegetables for industry.
  • (2)The price for October is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from September
  • Sources: INSEE - SSP (ministry of agriculture)

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

The prices of intermediate consumptions continued to dip in October (-1.1 %), mainly due to energy, fertilisers and food for animals. Investment prices were almost stable.

means – Purchase price of the means of agricultural production

  • Sources : INSEE et SSP (ministry of agriculture)

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 Oct. 2013 Variation as % over
a month 3 months a year
Total input 1000 112.3 –0.9 –1.8 –3.1
Intermediate consumptions 755 114.6 –1.1 –2.2 –4.2
Energy (1) 102 118.9 –2.4 –0.1 –4.5
Seeds 67 108.6 +0.1 +0.6 +2.6
Fertilisers and soil improvers 100 114.3 –2.6 –4.8 –11.8
Plant protection products 83 101.3 +0.1 +0.3 +0.2
Animal feed 211 126.5 –1.5 –5.4 –7.9
Veterinary expenses 50 109.7 +0.2 +0.5 +3.3
Small equipment and tools 16 109.9 +0.5 +0.4 +2.7
Maintenance of materials 65 108.9 +0.1 +0.1 +2.3
Maintenance of buildings 9 106.7 –0.1 –0.1 +0.7
Other goods and services 52 102.2 0.0 0.0 0.0
Goods and services contributing to investment 245 105.4 –0.1 –0.4 +0.8
Material 193 105.2 –0.2 –0.2 +1.2
Tractors 82 104.8 –0.2 –0.5 +0.4
Machinery and plant for cultivation 37 105.8 –0.1 +0.4 +3.1
Machinery and plant for harvesting 43 106.0 –0.3 –0.3 +1.3
Utility vehicles 19 103.3 +0.1 +0.1 +1.2
Total input 52 106.3 –0.1 –1.0 –0.6
  • (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)