In December 2011, the prices of the imported commodities recordered a further declinePrices of oil and raw material imports - Decembre 2011

In December, the price of oil in dollars fell(-2.4 % after +2.1% in November). It stood at $108.1 per barrel Brent. Meanwhile, the foreign currency prices for non-energy commodities imported into France recordered a further decline (-1.9% after -1.5%). Year-on-year, they edged down by 11.3 %, after increasing by nearly 20% in 2010.

In December, the price of oil in dollars fell (-2.4 % after +2.1% in November). It stood at $108.1 per barrel Brent. Meanwhile, the foreign currency prices for non-energy commodities imported into France recordered a further decline (-1.9% after -1.5%). Year-on-year, they edged down by 11.3 %, after increasing by nearly 20% in 2010.

The prices of oil in dollars folded

In December, the dollar price of oil from the North Sea (Brent) fell (-2.4% after +2.1%). However, in euros, oil prices rose slightly (+0.6 % after +3.3 % in November), due to the depreciation of European currency against the dollar (-3.0%). Over the year, the price of barrel of Brent increased by 17.8% in $ and by 18.4% in €.

Decline in prices of industrial raw material continued

In December, the prices of industrial raw materials in foreign currencies continued to decline (-1.2% after -1.7% in November). On the one hand, the prices of mineral raw materials continued to decline (-1.6% after -0.6% in November). Among the nonferrous metals (-1.2% after -1,6%), the decrease in the prices of aluminium (-2.6%), zinc (-1.1%) and titanium (-5.8%) has been partly offset by an increase in the prices of lead (+1.8 %) and nickel (+1.6 %). The prices of copper have stabilized (+0.2% after +2.8% in November). The prices of precious metals have fallen sharply (-6.3% after -3.92% in November), including silver (-8.1%) and gold (-5.0%).

In the other hand, the prices of agro-industrial raw materials have stabilized (-0.1% after -4.5% in November). The decline of natural rubber prices has significantly reduced (-1.1% after -17.0%) and the price of sawn wood of conifers rebounded (+7.7% after -2.5%). However, he prices of natural textiles fibers continued to decline (-7.2% after –3.8%), especially cotton (-8.1%), as well as those of the pulp and paper (-3.6% after –0.3%).

The prices of raw food materials were down again

In December the prices of raw food materials in foreign currencies declined again (-3.0% after -1.1% in November).

The prices of tropical foodstuff have fallen sharply (-7.2% after -4.3%), including cocoa (-13.7%).

Similarly, the prices of cereals decreased again (-3.9% after +0.5% in November), notably maize (-4.0%) and rice (-3.8%).

tabpetrole – Oil and petroleum products

in dollar
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 108,1 –2,4 –2,4 17,8
Brent in € per barrel 82,2 0,6 2,2 18,4
Gasoline 918,0 –0,6 –10,3 10,6
Gas Oil 926,0 –4,9 –1,1 21,8
Heavy fuel 606,2 –3,6 –3,5 32,1
Naphtha 895,0 3,9 –7,1 6,1
  • Prices are in dollars per tonne unless otherwise specified
  • Source : INSEE

tabmatprem – Imported raw materials (excluding energy) in domestic currency

base 100 in 2000
Imported raw materials (excluding energy) in domestic currency
Index Changes (%)
over last month over the last 3 months over the last 12 months
Food total 238,8 –3,0 –9,2 –7,9
Tropical beverages 228,2 –7,2 –17,6 –14,5
Oil seeds, vegetable oils 254,4 –0,9 –8,3 –13,3
Cereals 290,9 –3,9 –6,2 5,1
Sugar 287,5 –4,5 –15,5 –24,9
Beef meat 159,6 –0,2 1,4 13,4
Industrial raw materials 228,7 –1,2 –11,1 –13,0
Agricultural raw materials 147,0 –0,1 –8,5 –12,0
Natural Fibers 203,9 –7,2 –15,8 –36,2
Natural rubber 425,8 –1,1 –24,1 –26,8
Hides 90,0 –6,1 –12,5 –20,6
*Wood pulp 133,3 –3,6 –5,4 –3,0
Tropical wood 147,6 –0,5 –6,1 –1,0
Sawn softwood 96,3 7,7 –1,1 –13,1
Minerals 271,5 –1,6 –12,1 –13,4
Iron ore 522,5 0,0 –15,1 –17,3
Non-ferrous metals 232,8 –1,2 –10,9 –15,7
Precious metals 414,3 –6,3 –13,8 10,5
All commodities 223,4 –1,9 –10,4 –11,3
  • Source : INSEE
  • *The price ot pulp and paper has been revised in November.

G_petrole_ang – Oil

  • Source : NSEE

G_alim_ang – Food

  • Source : INSEE

G_ensemble_ang – All commodities

  • Source : INSEE

G_indus_ang – Industrial raw materials

  • Source : INSEE