13 March 2012

2012- n° 67
In February 2012, the prices of the imported commodities accelerated Prices of oil and raw material imports - February 2012

In February, the price of oil in dollars has accelerated (+6.1% after +3.2% in January). It stood at $118.3 per barrel Brent. Rising prices in foreign currency of non-energy com-modities imported into France continued (+2.8% after +1.7% in January).

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The prices of oil in dollars accelerated
The prices of industrial raw material continued to rise
The prices of raw food materials rose again

In February, the price of oil in dollars has accelerated (+6.1% after +3.2% in January). It stood at $118.3 per barrel Brent. Rising prices in foreign currency of non-energy commodities imported into France continued (+2.8% after +1.7% in January).

The prices of oil in dollars accelerated

In February, the dollar price of oil from the North Sea (Brent) has accelerated (+6.1% after +3.2%). In euros, the oil prices rose less strongly (+3.3 % after +5.2 %), due to the appreciation of European currency against the dollar (+2.6)

The prices of industrial raw material continued to rise

In February, the prices of industrial raw materials in foreign currencies continued to rise (+3.0% after +1.5% in January). On the one hand, the rising in prices of mineral raw materials has continued (+3.2% after +2.8%). The prices of nonferrous metals have slowed (+3.5% after +6.0%), mainly those of aluminiumr (+2.8% after +6.1%), nickel (+3.2% after 9.1%) and copper (+4.7% after +6.3%). But, the prices of precious metals rose sharply (+7.9% after +1.8%), including those of silver (+11.0% after +1.2%) and gold (+5.2% after +0.2%).

On the other hand, the prices of agro-industrial raw materials rebounded (+2.4% after +2.2%). Indeed, the prices of sawn wood of conifers (+4.0% after +2.2%) and natural rubber prices (+5.0% after +2.0%) accelerated. The prices of natural textile fibers, have, however, stabilized (+0.4% after +3.2%), with the falling in price of cotton (-0.4% after +6.2%).

The prices of raw food materials rose again

In February, the prices of raw food materials in foreign currencies contiued to rise (+2.2% after +2.6%). Indeed, the oilseeds prices have accelerated (+4.3% after +3.4%),

as well as sugar (+3.5% after +2.7%) and beef meal (+4.3% after +2.4%). The cereals prices have, however, retreated (-1.4% after +6.6%) : the prices of corn slowed (+1.5% after +4.8%) and those of the rice fell again (-2.9%).

tableautabpetrole – Oil and petroleum products

in dollar

Oil and petroleum products (in dollar)
	Prices	Change (%)
	of last month	over the last month	over the last 3 months	over the last 12 months
Brent in $ per barrel	118,3	6,1	6,8	14,3
Brent in € per barrel	89,3	3,3	9,3	17,9
Gasoline	1048,3	7,5	13,5	19,5
Gas Oil	1005,1	5,7	3,2	14,2
Heavy fuel	680,8	3,8	8,3	26,0
Naphta	1026,7	8,6	18,6	16,9

Prices are in dollars per tonne unless otherwise specified
Source : INSEE

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

base 100 in 2000

Imported raw materials (excluding energy) in domestic currency (base 100 in 2000)
	Index	Changes (%)
		over the last month	over the last 3 months	over the last 12 months
Food total	249,8	2,2	1,4	–10,3
Tropical foodstuff	236,2	0,0	–4,0	–23,5
Oil seeds, vegetable oils	271,3	4,3	5,7	–9,5
Cereals	304,0	–1,4	0,4	4,9
Sugar	305,5	3,5	1,5	–21,7
Beef meat	170,4	4,3	6,6	9,9
Industrial raw materials	238,3	3,0	3,0	–15,0
Agricultural raw materials	145,3	2,4	–1,2	–16,8
Natural Fibers	210,4	0,4	–4,2	–47,5
Natural rubber	456,0	5,0	5,9	–30,1
Hides	98,8	10,0	3,1	–13,5
Wood pulp	123,6	–0,3	–10,5	–11,6
Tropical wood	147,6	0,0	–0,5	–4,1
Sawn softwood	102,5	4,0	14,5	–8,7
Minerals	288,0	3,2	4,4	–14,5
Iron ore	487,5	0,0	–6,7	–23,5
Non-ferrous metals	255,4	3,5	8,4	–15,3
Precious metals	455,1	7,9	2,9	13,4
All commodities	232,8	2,8	2,3	–13,5