In December 2013, slight increase in oil pricesPrices of oil and raw material imports - December 2013

In December, the price of crude oil in euro terms marked a moderate increase (+1.1%) at €80.7 per barrel of Brent. On the contrary, prices of imported commodities except energy in euros went down slightly (-0.4%), due to a downturn in industrial raw materials prices (-1.5%).

In December, the price of crude oil in euro terms marked a moderate increase (+1.1%) at €80.7 per barrel of Brent. On the contrary, prices of imported commodities except energy in euros went down slightly (-0.4%), due to a downturn in industrial raw materials prices (-1.5%).

Slight hike in oil prices in euros

In December, the price of crude oil from the North Sea (Brent) in dollars increased slightly (+2.8% after -1.5%): the still strung-up geopolitical backdrop along with the clear drop in supply from the OPEC countries ( to its lowest level in December since May 2011) kept the barrel price high ($110.7 on average). In euros, the rise in the Brent price was less marked (+1.1% from –0.4%) due to a slight appreciation of the euro against the dollar (+1.6%).

Slight decline in industrial raw materials prices

In December, prices of industrial raw materials in euros came down slightly (-1.5% after +0.8% in November). Mineral raw materials prices kept falling (-1.2% after –0.1%) like those of precious metals (-5.9% from -1.7%) including silver prices (-7.1% after -4.2%) and platinium (-5.7% after –1.5%). Prices of non-ferrous metals dipped as well (-0.5% after –1.2%), in particular those of aluminium (-2.2% after –2.4%) whose inventories were still high. By contrast, the price of zinc increased (+4.2% after +0.2%), buoyed up by a substantial global demand.

Prices of agricultural raw materials also dropped (-2.3% after +3.6%) led by a dip in wood pulp prices (-0.5% from +2.9%) and a sharp decline in those of sawn softwood (-6.1% after +7.2%).

Slight rise in raw food materials prices

In December, prices of raw food materials in euros increased slightly (+1.4% after +1.9%). The price of soybean meal rose significantly (+8.3% after +4.0%), especially due to an epidemic in soybean crop areas in Brazil that caused losses in output. Prices of tropical foodstuffs went up as well (+2.6% on average) and particularly those of robusta (+9.5% after –3.8/%). On the contrary, prices of cereals tended to fall due to plentiful crops, including those of corn (–0.7%) and rice (–1.8%) along with vegetable oil prices that also dropped (-3.4%).

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 110,7 2,8 –0,8 1,3
Brent in € per barrel 80,7 1,1 –3,3 –3,0
Gasoline €/L 0,48 2,3 –9,1 –12,8
Gas Oil 684,6 0,9 –2,5 –2,9
Heavy fuel 443,3 0,0 –3,5 –3,6
Naphtha 696,9 1,3 0,2 –2,8
  • Prices are in euros per tonne unless otherwise specified
  • Source : INSEE

tabmatprem – 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 178,9 1,4 –0,5 –5,4
Tropical foodstuffs 148,3 2,6 2,6 –3,7
Oil seeds, vegetable oils 235,9 3,3 –2,5 –3,2
Cereals 145,9 –1,5 –8,4 –31,4
Sugar 134,0 –9,0 –6,2 –18,2
Beef meat 117,1 –1,1 3,8 3,7
Industrial raw materials 156,9 –1,5 –1,9 –12,8
Agricultural raw materials 105,9 –2,3 0,6 –4,4
Natural Fibers 120,9 1,3 –5,0 –1,2
Natural rubber 240,3 –0,7 –6,9 –23,0
Hides 88,3 –2,1 12,2 6,7
Wood pulp 89,6 –0,5 2,0 7,2
Tropical wood 99,6 0,1 0,6 –2,9
Sawn softwood 96,0 –6,1 2,3 –5,7
Minerals 184,6 –1,2 –2,7 –15,2
Iron ore 733,3 –2,0 –1,4 0,9
Non-ferrous metals 138,1 –0,5 –2,1 –17,4
Precious metals 212,4 –5,9 –11,5 –30,4
All commodities 158,5 –0,4 –1,3 –10,1
  • 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