28 September 2012
2012- n° 242Overall producer prices of agricultural products increased in August 2012 Indices 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.
graphiquecereal – 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.
graphiquevegetable – 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.
graphiquepig – 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.
tableauTab1 – 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.
graphiqueMoyens_prod – Purchase price of the means of agricultural production
tableauTab2 – 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)
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Time series : Indices of agricultural prices