Overall producer prices of agricultural products slid in JanuaryIndices of agricultural prices - January 2014

In January, overall producer prices of agricultural products dipped (-1.5 % compared to December) ; over one year they dropped by 6.5 %.

Informations rapides
No 51
Paru le : 28/02/2014
Prochaine parution le : 29/09/2017 at 12:00 - August 2017

Avertissement : The seasonal series of producer price index have been seasonally adjusted including the year 2013. The raw series remain unchanged.

In January, overall producer prices of agricultural products dipped (-1.5 % compared to December) ; over one year they dropped by 6.5 %.

Cereal prices noticeably decreased in January (–4.6 %). Wheat prices went down further to the announcement of a bullish forecast for the next global crop. Maïze prices decreased as well, due to the foreign competition, which shortened the demand for French maïze.

cereal – Producer prices of cereals

  • Source : INSEE

Oleaginous prices decreased in January (-3.3 %) : the huge crop in Canada kept weighting down on prices.

Overall prices of wines increased by 10.1 % over one year (and by 17.8 % for PDO wines) : the bad weather conditions during both the flowering period and the harvest lessened the yields of the last production.

Potatoe prices significantly decreased compared to last year (-16 %), as the last but one crop had been particularly low in North-Western Europe.

Fresh fruits prices decreased year-over-year (–19.1 %). Apple and pear prices tumbled as their production rose sharply this year.

vegetable – Producer prices of fresh vegetables

  • Source : SSP (ministère de l'Agriculture)

Fresh vegetables prices went down year-over-year (–12.4 %). The balmy weather benefited the growth of vegetables, including winter lettuces and leeks. However the demand stayed low, noticeably for leek which is usually more consumed during cold periods. The demand was weak for chicory whose prices decreased as well. Conversely cauliflowers sold more easily, as the yields were less significant than last year.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animal prices were almost stable in January (-0.1 %). Big cattle and calve prices were almost stable over one year; the slaughters were gradually reduced to balance a dull demand. Pigs prices remained low due to a remarkable European supply.

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

Base year 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights Jan. 2014 a month 3 months a year
raw Seasonally adjusted data raw
Agricultural goods output 1000 116.8 –1.5 –0.6 –6.5
excluding fruits and vegetables 900 119.1 –1.2 –0.4 –5.7
Crop output (excluding fruits and vegetables) 503 119.4 –2.0 –0.1 –10.7
Cereals 188 115.1 –4.6 –1.9 –23.5
of which soft wheat 112 116.7 –5.6 –1.9 –22.5
grain maize 41 103.6 –3.5 –2.1 –28.5
Potatoes 26 156.6 /// /// –16.0
Wines 177 127.5 +0.8 +3.6 +10.1
Protected designation of origin 84 138.2 +1.7 +5.3 +17.8
other wines 23 126.2 –0.5 +4.9 +4.9
Oleaginous 49 96.4 –3.3 –2.8 –25.1
Horticultural products 30 109.8 +1.1 +0.2 +0.7
Other crop products 33 115.6 +0.9 +2.7 –4.0
Fruits and vegetables (1) 100 95.1 /// /// –14.6
Fresh vegetables 53 81.7 /// /// –12.4
Fresh fruits 35 111.4 /// /// –19.1
Animal output 397 118.8 –0.1 –0.7 +1.5
Animals 235 118.8 +0.1 –0.6 –2.6
of which large cattle 96 123.8 –0.1 –0.6 –2.2
calves 26 114.9 +0.8 +4.4 +2.4
pigs 54 115.2 +0.8 –1.2 –3.4
sheep 10 119.2 –0.6 –0.8 +8.7
poultry 46 114.6 –0.9 –2.7 –7.8
of which chicken 28 115.5 –1.0 –3.2 –8.4
Milk 147 119.1 0.0 –1.4 +12.0
of which cow milk (2) 137 119.8 0.0 –1.5 +12.5
Eggs 15 116.8 –4.8 +4.3 –19.3
  • (1) Including vegetables for industry.
  • (2)The price for January is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from December
  • Sources: INSEE - SSP (ministry of agriculture)

Purchase prices of the means of agricultural production rose in January.

Overall prices of intermediate consumptions went up in January (+0.2 %). Investments prices increased as well (+0.4 %). Over one year, prices of animal feed and fertilisers roughly decreased by 10%.

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 Jan. 2014 Variation as % over
a month 3 months a year
Total input 1000 112.6 +0.2 –0.1 –3.1
Intermediate consumptions 764 114.6 +0.2 –0.1 –4.3
Energy (1) 100 119.2 –1.4 +0.4 –1.6
Seeds 57 109.5 +0.7 +1.0 +2.6
Fertilisers and soil improvers 92 113.7 +1.1 –0.8 –12.2
Plant protection products 78 100.5 0.0 –0.8 +1.1
Animal feed 205 125.9 +0.2 –0.7 –9.6
Veterinary expenses 43 110.2 +0.4 +0.3 +2.6
Small equipment and tools 17 108.7 –0.4 –1.1 +0.6
Maintenance of materials 67 110.7 +1.4 +1.6 +3.0
Maintenance of buildings 9 106.7 –0.1 0.0 –0.2
Other goods and services 97 101.5 +0.1 +0.1 –0.2
Goods and services contributing to investment 236 106.6 +0.4 +0.1 +1.2
Material 186 106.7 +0.5 +0.2 +2.0
Tractors 79 107.4 +0.8 +0.1 +1.8
Machinery and plant for cultivation 36 107.1 +0.7 +0.9 +3.7
Machinery and plant for harvesting 42 107.0 0.0 –0.1 +1.6
Utility vehicles 18 103.3 +0.2 0.0 +0.8
Total input 50 106.0 0.0 –0.3 –1.5
  • (1) The repayment of the domestic tax on energy products (TICPE) benefiting farmers has been applied in advance for the year 2014
  • Sources: INSEE - SSP (ministry of agriculture)