In October 2013, the price of crude oil fellPrices of oil and raw material imports - October 2013

In October, the crude oil price in euros fell (-4.0%), reaching € 80.2 per barrel of Brent. The euro prices of commodities except energy imported into France also decreased (-2.2%), essentially due to the decline of the prices of raw food materials (-3.7%), while prices of industrial raw materials dipped by -1.2%.

In October, the crude oil price in euros fell (-4.0%), reaching € 80.2 per barrel of Brent. The euro prices of commodities except energy imported into France also decreased (-2.2%), essentially due to the decline of the prices of raw food materials (-3.7%), while prices of industrial raw materials dipped by -1.2%.

The price of crude oil declined

In October, the price of crude oil from the North Sea (Brent) in dollars slid (-2.0% after +1.3%), due to geopolitical tensions that showed signs of abating in the Middle East. It stood at $109.4 per barrel on average. In euro terms, the decrease is more substantial (-4.0% after +1.0% ), due to an appreciation of the euro against the dollar (+2.2%).

The prices of imported industrial raw materials dropped

In October, the prices of industrial raw materials in euros declined (-1.2% after -1.0% in September).The prices of mineral raw materials still decreased (-1.4% after –2.1%) in non-ferrous metals as well as in iron ore (-4.4% from -0.1% and -3.3% from -2.4% respectively). This was particularly the case of gold prices (–4.5% after -0.2%), silver (–4.9% after +3.0%) and platinum (–5.0% after -2.8%). The fall in non-ferrous metals eased (-0.5% after -2.3%). The prices of agro-industrial raw materials dropped as well (–0.6% after +2.4%) In particular, those of natural rubber slumped (–5.3% after +2.4%), reviving the downward trend observed since the beginning of 2013 and linked with the supply rise in Asia (Malaysia, Thailand).

Drop in raw food materials prices

In October, the prices of raw food materials in euros dipped sharply (-3.7%) following a slight increase in September (+1.0%). This decline was attributable to a fall in international cereal prices (-6.3% after -6.0% in September) and oilseeds (-8.8% after +4.2%), due to higher-than-expected soya stocks. The prices of sugar rose sharply (+8.0% after +1.8%) because of bad weather conditions in Brazil, the world’s first exporter and producer.The prices of tropical foodstuffs declined slightly (-0.2% after +1.1%). The prices of Arabica (-3.5%) and of Robusta (-5.7%) slipped again, due to a rise in supply from Brazil for Arabica, and from Vietnam for Robusta. This fall was offset by the cocoa price rise (+2.6%).

tabpetrole – Oil and petroleum products

in euros
Oil and petroleum products
Prices Change (%)
of last month over the last month over the last 3 months over the last 12 months
Brent in $ per barrel 109,4 –2,0 1,6 –2,2
Brent in € per barrel 80,2 –4,0 –2,6 –7,0
Gasoline €/L 0,48 –8,0 –17,6 –19,9
Gas Oil 680,4 –3,1 –2,3 –10,3
Heavy fuel 440,4 –4,1 –4,8 –11,7
Naphtha 661,9 –4,8 –1,3 –10,1
  • Prices are in euros per tonne unless otherwise specified
  • Source : INSEE

tabmatprem_ang – Imported raw materials (excluding energy) in euros

base 100 in 2000
Imported raw materials (excluding energy) in euros
Index Changes (%)
over the last month over the last 3 months over the last 12 months
Food total 173,1 –3,7 –9,4 –13,8
Tropical foodstuffs 144,2 –0,2 1,6 –11,9
Oil seeds, vegetable oils 220,6 –8,8 –16,8 –15,9
Cereals 149,2 –6,3 –22,5 –33,2
Sugar 154,4 8,0 10,1 –12,3
Beef meat 114,9 1,8 –3,5 –1,6
Industrial raw materials 158,0 –1,2 –0,1 –9,0
Agricultural raw materials 104,7 –0,6 2,2 0,8
Natural Fibers 124,2 –2,5 –5,9 3,1
Natural rubber 244,4 –5,3 1,5 –24,3
Hides 79,5 1,0 –8,9 2,9
Wood pulp 87,5 –0,4 –1,8 4,0
Tropical wood 98,3 –0,8 1,6 –4,5
Sawn softwood 95,4 1,7 10,6 15,0
Minerals 187,1 –1,4 –0,9 –11,9
Iron ore 719,3 –3,3 –0,1 10,6
Non-ferrous metals 140,4 –0,5 –1,2 –14,8
Precious metals 229,5 –4,4 0,0 –27,8
All commodities 157,2 –2,2 –3,8 –10,8
  • Source : INSEE

G_petrole_ang – Oil

  • Source : Insee

G_alim_ang – Food

  • Source : Insee

G_ensemble_ang – All commodities

  • Source : Insee

G_indus_ang – Industrial raw materials

  • Source : Insee