Overall producer prices of agricultural products slid in FebruaryIndices of agricultural prices - February 2014

In February, overall producer prices of agricultural products dipped (-0.8 % compared to January); over one year they dropped by 5.5 %.

In February, overall producer prices of agricultural products dipped (-0.8 % compared to January); over one year they dropped by 5.5 %.

Cereals prices did not move much in February (–0.3 %). This quasi-stability resulted from different factors that offset each other. Indeed, bullish forecasts for the next crops of wheat and maïze were counterbalanced by immediate fears of intense cold in the United-States and in the Black Sea region.

cereal – Producer prices of cereals

  • Source : INSEE

Oleaginous prices, mainly driven up by the price of rape - the main oleaginous seed grown in France - increased in February (+5.3 %). The supply of rape was limited. Canada hardly managed to convey its crop due to problems occuring in the transportation chain because of the cold, while the Australian availabilities have been running low. Furthermore, the increases in soy and palm oil prices, due to bad weather conditions in Brazil and Malaysia, drove rape prices up, whose uses are similar.

Overall prices of wines increased by 11.7 % over one year (and by 18.6 % for PDO wines): the bad weather conditions during both the flowering period and the harvest lessened the yields of the last production.

Potatoe prices significantly decreased compared to last year (-22.9 %). This was a return to normal as the last but one crop had been particularly low in North-Western Europe.

Fresh fruits prices decreased year-over-year (–18.7 %). Apple and pear prices tumbled as their production rose sharply in 2013. Conversely, kiwi prices leaped due to a moderate competition from Southern European countries (Greece and Italy).

vegetable – Producer prices of fresh vegetables

  • Source : SSP (ministère de l'Agriculture)

Fresh vegetables prices went down year-over-year (–9.8 %). Chicory, cauliflower and leek prices plumeted, due to a bearish demand, from consumers and industry as well (for cauliflower). Additionally, the balmy weather sped up the harvests of leeks, unbalancing even more this market.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animal prices decreased in February (-1.9 %). Pig prices tumbled due to a sanitary embargo from Russia stopping the exportations from the EU toward this country. The slaughters have been reduced during the last two years to balance a dull demand.

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

Base year 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights Feb. 2014 a month 3 months a year
raw Seasonally adjusted raw
Agricultural goods output 1000 116.4 –0.8 –2.5 –5.5
excluding fruits and vegetables 900 118.9 –0.5 –1.7 –4.8
Crop output (excluding fruits and vegetables) 503 119.7 0.0 –1.3 –8.4
Cereals 188 114.7 –0.3 –4.0 –20.1
of which soft wheat 112 116.1 –0.5 –5.0 –20.1
grain maize 41 104.0 +0.4 –2.2 –24.0
Potatoes 26 139.1 /// /// –22.9
Wines 177 128.8 +1.1 +3.6 +11.7
Protected designation of origin 84 137.5 +1.6 +5.9 +18.6
other wines 23 131.6 +1.5 +3.5 +6.2
Oleaginous 49 101.6 +5.3 +0.3 –20.9
Horticultural products 30 111.7 –1.4 –0.9 +0.1
Other crop products 33 117.6 +0.5 +2.2 –2.8
Fruits and vegetables (1) 100 93.7 /// /// –12.9
Fresh vegetables 53 80.2 /// /// –9.8
Fresh fruits 35 107.5 /// /// –18.7
Animal output 397 118.0 –1.2 –2.1 +0.3
Animals 235 118.0 –1.9 –2.0 –4.5
of which large cattle 96 124.4 +0.1 –0.2 –3.4
calves 26 115.8 +0.8 +2.7 +1.7
pigs 54 110.7 –7.9 –7.2 –7.9
sheep 10 111.2 –3.3 –4.5 +5.9
poultry 46 115.6 –0.1 –2.1 –8.2
of which chicken 28 115.6 –0.1 –2.4 –8.3
Milk 147 118.6 0.0 –1.9 +11.1
of which cow milk (2) 137 119.5 0.0 –2.0 +11.6
Eggs 15 112.2 –1.5 –7.6 –15.1
  • (1) Including vegetables for industry.
  • (2)The price for February is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from January
  • Sources: INSEE - SSP (ministry of agriculture)

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

Overall prices of intermediate consumptions and investment went up in February (+0.2 % in both cases). Over one year, animal feed and fertilisers prices roughly decreased by 10 %.

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)
weights Feb. 2014 Variation as % over
a month 3 months a year
Total input 1000 112.9 +0.2 +0.5 –3.1
Intermediate consumptions 764 114.8 +0.2 +0.4 –4.3
Energy (1) 100 118.8 –0.4 –0.3 –3.9
Seeds 57 109.5 +0.1 +0.8 +1.8
Fertilisers and soil improvers 92 116.2 +2.2 +2.6 –10.4
Plant protection products 78 100.2 –0.2 –1.2 +0.8
Animal feed 205 125.8 0.0 +0.1 –9.2
Veterinary expenses 43 110.2 –0.2 +0.3 +2.3
Small equipment and tools 17 108.7 0.0 –1.1 +0.8
Maintenance of materials 67 111.2 +0.4 +1.9 +3.1
Maintenance of buildings 9 106.6 –0.1 –0.2 –0.4
Other goods and services 97 101.5 0.0 +0.3 –0.2
Goods and services contributing to investment 236 106.9 +0.2 +0.5 +1.2
Material 186 107.0 +0.3 +0.5 +1.9
Tractors 79 107.7 +0.2 +0.5 +1.9
Machinery and plant for cultivation 36 107.9 +0.8 +1.8 +3.2
Machinery and plant for harvesting 42 107.2 +0.2 –0.1 +1.8
Utility vehicles 18 103.3 0.0 +0.1 +0.7
Total input 50 106.4 –0.1 +0.2 –1.7
  • (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)