Overall producer prices of agricultural products decreased in MayIndices of agricultural prices - May 2014

In May, overall agricultural producer prices dropped by 1.8 % compared to April ; over one year they fell by 5.2 %.

In May, overall agricultural producer prices dropped by 1.8 % compared to April ; over one year they fell by 5.2 %.

Cereal prices tumbled in May (–6.3 %). The available quantities were huge and the good weather conditions allowed to foresee abundant crops. Moreover, the political turmoil in Ukraine did not affect its exportations of cereals.

cereal – Producer prices of cereals

Oleaginous prices decreased in May (-5.3 %) due to an abundant supply in Europe.

Overall prices of wines increased by 14.3 % over one year (and by 23.1 % for PDO wines), further to the drop in crops for the last two years.

Potato prices tumbled compared to last year (-41.4 %). This was a return to normal as the last but one crop, in 2012, had been particularly weak in North-Western Europe.

Fresh fruits prices decreased year-over-year (–17.2 %). The production of apples had indeed increased in 2013, which was the last crop available. The good weather conditions sped up the earliness of strawberries ; moreover, the yields were better due to the increasing share of greenhouse growings.

vegetable – Producer prices of fresh vegetables

  • Source : SSP (ministry of agriculture)

Fresh vegetable prices plumeted year-over-year (–21.2%). The balmy weather and the luminosity of the early spring amplified the precocity of greenhouse growings for tomatoes, lettuce and cucumbers.

pig – Producer prices of large cattle and pigs

On a seasonally adjusted basis, animal prices decreased in May (-0.8 %). Prices for pigs were almost stable. Indeed the sanitary crisis in the United States limited the production and the exportations of this country and therefore offset the Russian embargo on European pigs. Cattle prices slipped by almost 6 % over one year, reflecting the erosion in beef consumption. Milk price have been slumping for a quarter, after the global production balanced the marked increase in the demand from Asia and other emerging countries. Over one year milk prices rebounded by 7.1 %.

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

Base year 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights May 2014 a month 3 months a year
raw Seasonally adjusted raw
Agricultural goods output 1000 116.0 –1.8 +0.1 –5.2
excluding fruits and vegetables 900 118.4 –1.6 +0.1 –3.9
Crop output (excluding fruits and vegetables) 503 120.0 –2.5 +0.5 –7.5
Cereals 188 114.1 –6.3 –0.5 –16.9
of which soft wheat 112 115.0 –6.4 –0.9 –17.4
grain maize 41 102.4 –7.0 –1.6 –22.3
Potatoes 26 126.7 /// /// –41.4
Wines 177 133.7 +1.2 +3.5 +14.3
Protected designation of origin 84 147.1 +2.0 +6.4 +23.1
other wines 23 131.8 +0.4 +0.1 +7.3
Oleaginous 49 99.4 –5.3 –2.1 –19.3
Horticultural products 30 107.7 +1.4 +1.6 +0.5
Other crop products 33 117.0 +0.4 –0.7 –0.4
Fruits and vegetables (1) 100 94.0 /// /// –17.3
Fresh vegetables 53 90.1 /// /// –21.2
Fresh fruits 35 93.5 /// /// –17.2
Animal output 397 116.4 –0.4 –0.4 +1.2
Animals 235 121.3 –0.8 +2.6 –2.2
of which large cattle 96 124.7 –1.2 –1.4 –5.8
calves 26 111.7 –1.9 –3.6 +1.5
pigs 54 125.7 –0.4 +15.3 +6.1
sheep 10 123.6 +1.1 +9.7 +7.1
poultry 46 115.2 0.0 –0.4 –7.3
of which chicken 28 115.2 0.0 –0.3 –7.4
Milk 147 109.6 0.0 –4.5 +7.1
of which cow milk (2) 137 110.3 0.0 –4.7 +7.4
Eggs 15 105.3 +0.8 –6.1 +9.3
  • 1) Including vegetables for industry.
  • (2) The price for May is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from April
  • Sources: Insee - SSP (ministry of agriculture)

Purchase prices of the means of agricultural production were stable in May.

Overall prices of intermediate consumptions stagnated in May. Over one year, animal feed and fertilisers prices decreased by roughly 7%. Investment prices remained stable in May (-0.1 %).

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 May 2014 Variation as % over
a month 3 months a year
Total input 1000 113.1 0.0 +0.3 –2.1
Intermediate consumptions 764 115.2 0.0 +0.3 –2.9
Energy (1) 100 116.1 –0.2 –2.2 –0.9
Seeds 57 109.3 +0.1 +0.5 +0.8
Fertilisers and soil improvers 92 119.9 +0.3 +2.9 –6.8
Plant protection products 78 101.5 +0.2 +1.4 +0.5
Animal feed 205 126.1 –0.1 +0.2 –7.2
Veterinary expenses 43 111.1 +0.1 +0.4 +2.2
Small equipment and tools 17 107.5 –0.2 –1.1 –0.7
Maintenance of materials 67 111.2 –0.1 0.0 +2.6
Maintenance of buildings 9 106.7 –0.1 +0.1 –0.3
Other goods and services 97 101.8 0.0 0.0 0.0
Goods and services contributing to investment 236 106.8 –0.1 +0.2 +1.0
Material 186 106.7 –0.2 +0.2 +1.6
Tractors 79 107.3 –0.3 +0.6 +1.7
Machinery and plant for cultivation 36 107.3 –0.5 –0.5 +2.7
Machinery and plant for harvesting 42 107.0 0.0 0.0 +1.1
Utility vehicles 18 103.2 0.0 –0.1 +0.7
Total input 50 107.1 +0.2 +0.6 –0.9
  • (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)