Overall producer prices of agricultural products increased in August 2012Indices of agricultural prices - August 2012

In August, overall producer prices of agricultural products increased by 2.1 % compared to June; year-over-year they rose by 7.8 %.

In August, overall producer prices of agricultural products increased by 2.1 % compared to June; year-over-year they rose by 7.8 %.

Price of cereals kept on rising, of 6.3 % over one month, due to a decrease in global production this season following a long period of drought in the United States and in the Black Sea region.

cereal – Producer price of cereals

Oleaginous price rose in August (+2.5 %), driven by the rise in the price of sunflower whose global production was scarce due to the drought in Russia and in Ukraine.

Potato price fell in August year-over-year (–12.8 %).

Price of wine increased in August (+0.8 %), driven by quality wines (+1.2 %).

Price of fresh fruits rose in August year-over-year (+15.5 %). Peach became more expensive as a result of a decreasing supply compared with the previous season, resulting from the reduction of surface area devoted to its production and the bad weather this spring which spoiled some fruits. Price of pear increased as well due to a decreasing production in Europe.

vegetable – Producer price of fresh vegetables

Price of fresh vegetables was lower in August year-over-year (-4.7 %). The price of melon showed a decrease: the harvests from different areas of production were partly put on sale at the same moment, which unbalanced the market. The supply was also higher than the demand for cucumber. The very hot weather in mid-August did not encourage cauliflower consumption. On the other hand the summer time stimulated the consumption of tomatoes, whose price increased. Lettuce price rose as well : heavy rains at the beginning of the spring deteriorated salad plants.

pig – Producer price of pigs and large cattle

On a seasonally adjusted basis, price of animals went up in August (+3.5 %). The price of pig increased sharply ; this rise resulted from a sustained demand combined with a decreasing supply : the lack of profitability in this sector led to a progressive decline in production. Price of big cattle kept on rising, posting a year-over-year increase of nearly 20 % due to a progressive cut of livestock. Price of poultry partly reflected the increase in price of chicken feed.

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

100 = 2005
Indices of producer prices of agricultural products (IPPAP)
Variation as % over :
weights August 2012 a month 3 months a year
raw seasonally adjusted data raw
Agricultural goods output 1000 139.2 +2.1 +5.4 +7.8
excluding fruits and vegetables 878 143.0 +2.7 +7.1 +8.3
Crop output (excluding fruits and vegetables) 417 158.5 +3.2 +10.3 +9.6
Cereals 115 245.3 +6.3 +23.7 +21.8
of which soft wheat 63 261.0 +5.5 +26.1 +29.1
grain maize 27 225.1 +9.7 +25.3 +16.6
Potatoes 19 113.9 /// /// –12.8
Wines 161 121.0 +0.8 –1.1 +0.2
quality wines 140 120.4 +1.2 –0.6 –0.2
other wines 21 125.0 –1.9 –3.8 +2.6
Oleaginous 28 235.0 +2.5 +7.2 +20.9
Horticultural products 51 96.9 –4.4 –1.2 –4.2
Other crop products 43 109.6 +1.8 +3.5 +1.6
Fruits and vegetables (1) 122 112.1 /// /// +3.5
Fresh vegetables 61 103.5 /// /// –4.7
Fresh fruits 39 129.3 /// /// +15.5
Animal output 461 129.0 +2.1 +3.7 +6.9
Animals 286 127.2 +3.5 +6.2 +11.2
of which large cattle 108 127.2 +2.5 +5.8 +18.1
calves 29 117.7 0.0 –0.4 +0.6
pigs 64 126.4 +8.0 +12.7 +17.7
sheep 14 116.4 +4.6 +3.1 +5.0
poultry 59 141.6 +2.9 +4.6 +2.7
of which chicken 26 141.5 +3.6 +5.2 +3.6
Milk 159 122.2 0.0 +2.1 –3.4
of which cow milk (2) 148 123.3 0.0 +2.3 –3.6
Eggs 13 252.0 –0.2 –11.4 +35.3
  • (1) Including vegetables for industry.
  • (2) The price for August is not yet known and therefore is estimated by carrying forward the seasonally adjusted price of July.
  • Sources: INSEE - SSP (department of Agriculture)

Purchase price of the means of agricultural production increased noticeably in August

The price of intermediate consumptions rose over one month (+2.0 %) as a result of higher prices for energy and animal feeding stuffs. For these same reasons, this price rose by 4.6 % year-over-year. Overall prices of investment rose.

Moyens_prod – Purchase price of the means of agricultural production

Tab2 – Indices of purchase prices of the means of agricultural production (IPAMPA)100=2005

100=2005
Indices of purchase prices of the means of agricultural production (IPAMPA)100=2005
weights August 2012 Variation as % over
a month 3 month a year
Total input 1000 131.6 +1.7 +2.0 +3.8
Goods and services currently consumed in agriculture 758 135.1 +2.0 +2.4 +4.6
Energy (1) 84 151.5 +4.2 +0.9 +8.9
Seeds 51 116.7 –0.6 –0.1 +2.0
Fertilisers and soil improvers 92 166.4 +1.1 +0.4 +3.4
Plant protection products 77 107.0 +0.4 +0.3 +0.8
Animal feeding stuffs 189 153.3 +4.9 +7.5 +8.5
Veterinary expenses 38 117.9 +0.2 +0.3 +2.6
Small equipment and tools 14 112.2 +0.1 +1.3 +0.6
Maintenance of materials 56 130.4 +0.3 +1.3 +3.7
Maintenance of buildings 9 124.0 –0.2 –0.2 +1.8
Other goods and services 149 113.3 0.0 +0.6 +0.9
Goods and services contributing to investment 242 120.4 +0.4 +0.4 +1.7
Material 170 117.6 +0.7 +0.7 +2.0
Tractors 71 113.9 +0.4 +0.4 +1.3
Machinery and plant for cultivation 36 119.8 +0.5 +0.6 +2.0
Machinery and plant for harvesting 37 119.9 +2.2 +2.1 +3.6
Utility vehicles 16 113.9 0.0 +0.1 +1.6
Buildings 72 127.0 –0.3 –0.3 +0.9
  • (1) The repayment of 5 cents per litre of fuel of the domestic tax on energetical products (TICPE) benefiting farmers has been applied in advance for the year 2012
  • Sources : Insee - SSP (ministry of agriculture)