Informations rapides
30 April 2014
2014- n° 103
Overall producer prices of agricultural products rose in March Indices of agricultural prices - March 2014

In March, overall producer prices of agricultural products rose (+1.7 % compared to February) ; over one year they dropped by 4.2 %.

Informations rapides
No 103
Paru le :Paru le30/04/2014
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In March, overall producer prices of agricultural products rose (+1.7 % compared to February) ; over one year they dropped by 4.2 %.

Cereal prices significantly increased in March (+5.5 %). The markets reacted to the geopolitical tensions between Russia and Ukraine. They have taken into account the possibilities of disruptions in the international trade of cereals, in which these two countries massively take part.

cereal – Producer prices of cereals

  • Source : INSEE

Oleaginous prices, mainly driven by the price of rape - the main oleaginous seed grown in France - increased in March (+5.7 %). Commercial strains on soy and palm oil drove rape prices up, whose uses are similar. Combined with a significant Asian demand, the soy supply suffered from the drop of yields in Brazil and logistics problems in Argentina, while the drought rarefied palm oil in Malaysia.

Overall prices of wines increased by 13.3 % over one year (and by 21.3 % for PDO wines), further to the drop of crop for two years.

Potato prices tumbled compared to last year (-27.9 %). This was a return to normal as the last but one crop, in 2012, had been particularly weak in North-Western Europe.

Fresh fruit prices decreased year-over-year (–19.3 %). Apple and pear prices tumbled as their production rose sharply in 2013. Strawberry prices dropped as well : the heat and the light, which were more present in this beginning of the season than last year, led to an increasing production.

vegetable – Producer prices of fresh vegetables

Fresh vegetable prices plumeted year-over-year (–23.2 %). Indeed balmy weather allowed to speed up the harvests of leeks and lettuces, filling up the demand. And cauliflower hardly sold despite a reduced supply related to bad weather conditions: the commercial outlets are weak either toward fresh consumption or industry.

pig – Producer prices of pigs and big cattle

On a seasonally adjusted basis, animal prices slightly decreased in March (-0.4 %). Pig prices tumbled by almost 8% over three months due to a sanitary embargo from Russia stopping the exportations from the EU. Milk prices jumped over one year (+16.3%) due to the strong international demand for industrial dairy products.

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

Base year 2010
Indices of producer prices of agricultural products (IPPAP) (Base year 2010)
Variation as % over
weights March 2014 a month 3 months a year
raw Seasonally adjusted raw
Agricultural goods output 1000 119.0 +1.7 +0.3 –4.2
excluding fruits and vegetables 900 121.4 +1.5 +0.8 –2.7
Crop output (excluding fruits and vegetables) 503 122.9 +2.9 +1.0 –6.0
Cereals 188 121.1 +5.5 +0.5 –15.3
of which soft wheat 112 124.1 +6.9 +0.4 –14.1
grain maize 41 108.8 +4.6 +1.3 –20.6
Potatoes 26 133.9 /// /// –27.9
Wines 177 131.3 +1.7 +3.9 +13.3
Protected designation of origin 84 142.3 +2.9 +6.8 +21.3
other wines 23 132.2 +0.4 +1.5 +6.7
Oleaginous 49 107.4 +5.7 +7.6 –16.8
Horticultural products 30 104.4 –0.2 –0.3 –3.7
Other crop products 33 118.3 +0.5 +3.0 –0.9
Fruits and vegetables (1) 100 97.3 /// /// –18.8
Fresh vegetables 53 84.5 /// /// –23.2
Fresh fruits 35 109.7 /// /// –19.3
Animal output 397 119.6 –0.2 +0.5 +2.1
Animals 235 119.0 –0.4 –2.2 –5.3
of which large cattle 96 124.9 –0.5 –0.4 –4.5
calves 26 115.2 –0.6 +1.0 +0.7
pigs 54 113.8 –0.7 –7.9 –9.1
sheep 10 114.7 +1.3 –2.7 +4.8
poultry 46 115.4 –0.2 –1.3 –7.7
of which chicken 28 115.2 –0.3 –1.4 –7.8
Milk 147 121.2 0.0 +5.6 +16.3
of which cow milk (2) 137 122.4 0.0 +6.0 +17.0
Eggs 15 115.4 +2.8 –5.9 +0.8
  • 1) Including vegetables for industry.
  • (2)The price for March is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from February
  • Sources: INSEE - SSP (ministry of agriculture)

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

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

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) (Base year 2010)
weights March 2014 Variation as % over
a month 3 months a year
Total input 1000 113.0 +0.2 +0.7 –2.8
Intermediate consumptions 764 115.0 +0.2 +0.6 –3.9
Energy (1) 100 117.0 –1.5 –3.1 –3.6
Seeds 57 109.3 +0.5 +0.9 +1.2
Fertilisers and soil improvers 92 118.3 +1.6 +5.4 –9.0
Plant protection products 78 100.6 +0.6 +0.3 +0.7
Animal feed 205 126.1 +0.3 +0.4 –8.3
Veterinary expenses 43 110.6 0.0 +0.7 +2.7
Small equipment and tools 17 108.3 –0.4 –0.8 +0.1
Maintenance of materials 67 111.2 0.0 +1.8 +2.9
Maintenance of buildings 9 106.8 +0.2 0.0 –0.2
Other goods and services 97 101.7 0.0 +0.1 –0.2
Goods and services contributing to investment 236 107.0 +0.4 +0.8 +1.0
Material 186 107.1 +0.5 +0.8 +1.6
Tractors 79 107.6 +0.8 +0.9 +1.3
Machinery and plant for cultivation 36 108.4 +0.5 +1.9 +3.2
Machinery and plant for harvesting 42 107.2 +0.2 +0.3 +1.7
Utility vehicles 18 103.2 –0.1 +0.1 +0.8
Total input 50 106.7 +0.2 +0.6 –1.2
  • (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)

Documentation

Methodology (pdf,122 Ko)

Agricultural means of production purchasing price index

Agricultural producer price index

Pour en savoir plus

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Publication calendar

Time series : Indices of agricultural prices