Overall producer prices of agricultural products are stable in March 2012Indices of agricultural prices - March 2012

In March, producer prices of agricultural products are stable compared to February (-0.2 %) but increase by 2.2 % year-over-year

In March, producer prices of agricultural products are stable compared to February (-0.2 %) but increase by 2.2 % year-over-year

Price of cereals remains high. The exportations are stimulated by the demand and therefore contribute to the sustainment of worldwide prices of maize and wheat. In addition, markets give value to an anticipated decrease of wheat yields in Europe, attributable to bad weather conditions : the cold spell in February was followed by a lack of rains until March.

cereal – Producer price of cereals

Oleaginous price increases in March (+3.6 %). The cold spell also caused damage to rape. Sunflower price follows the same movement, these two goods being partially substituable.

Potato price falls in March year-over-year (–34.6 %). The harvests were carried out this fall ; more surface areas were devoted to the culture of potato in North-West Europe and the yields were higher than last year.

Wine price falls sligthly in March (-0.8 %), offsetting the two consecutive rises of February and January .

Price of fresh fruits decreases year-over-year (–7.1 %). The prices of apple and pear go down due to European competition. The demand for kiwi remains sluggish.

vegetable – Producer price of fresh vegetables

The price of fresh vegetables remains high in March (+18.1 % year-over-year). On the supply side, the intense cold spell last month decreased the potential for harvest regarding vegetables grown in open country (carrot, leek and salad). The rise of the price of salad boosted the one of endive, with the consumers substituting the latter for the former. On the demand side, cucumbers and tomatoes sold well due to springlike weather.

pig – Producer prices for pigs and large cattle

Price of animal goes down in march (-0.5 %) on a seasonally adjusted basis. The price of pig decreases due to the competition from other North-European countries.

Eggs price keeps on rising this month, doubling year-over-year, as a result of a sharp cut in the production : a European directive has ordered compliance to a new standard for hen coops, reducing the number of animals.

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

100 = 2005
Indice of producer prices of agricultural products (IPPAP)
Variation as % over :
weights March 2012 a month 3 months a year
raw seasonally adjusted data raw
Agricultural goods output 1000 132.5 –0.2 +6.2 +2.2
excluding fruits and vegetables 878 134.0 +0.1 +4.6 +1.6
Crop output (excluding fruits and vegetables) 417 145.7 –0.4 +6.3 –4.2
Cereals 115 199.2 0.0 +11.9 –7.5
of which soft wheat 63 207.5 +0.7 +15.9 –9.8
grain maize 27 181.5 –0.2 +10.8 –5.3
Potatoes 19 115.8 /// /// –34.6
Wines 161 120.6 –0.8 0.0 +1.3
quality wines 140 119.3 –0.6 0.0 +1.6
other wines 21 129.3 –1.9 +0.1 –0.7
Oleaginous 28 215.7 +3.6 +12.7 +1.9
Horticultural products 51 111.8 –4.8 +3.2 +2.5
Other crop products 43 104.4 +0.1 +1.9 –2.4
Fruits and vegetables (1) 122 121.8 /// /// +7.0
Fresh vegetables 61 131.0 /// /// +18.1
Fresh fruits 39 111.2 /// /// –7.1
Animal output 461 123.5 +0.7 +2.8 +8.6
Animals 286 120.6 –0.5 +0.8 +6.4
of which large cattle 108 116.2 +0.7 +3.4 +12.7
calves 29 121.1 0.0 +1.1 +4.2
pigs 64 117.9 –2.8 –1.0 +10.0
sheep 14 120.7 –3.6 +0.8 +6.9
poultry 59 133.3 +0.3 –1.5 –3.7
of which chicken 26 132.0 +0.4 –0.6 –3.6
Milk 159 114.6 0.0 +0.8 +1.8
of which cow milk (2) 148 115.3 0.0 +0.8 +1.8
Eggs 13 295.0 +16.5 +41.9 +118.7
  • (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 of february.
  • Sources: INSEE - SSP (department of Agriculture)

Purchase price of the means of agricultural production increase slightly in March.

The price of intermediate consumptions rises month-over-month (+0.7 %), due mainly to the increase in energy prices (+1.1 %) and prepared animal feeds prices (+1.4%). Half of the year-over-year rise (+2.2 %) is due to the rise in energy prices (+10 % year-over-year). The price of investment is stable in March but increases by 1.1% year-over-year.

Moyens_prod – Purchase prices of the means of agricultural production

Moyens_prod – Indice of purchase prices of the means of agricultural production (IPAMPA)

100=2005
Indice of purchase prices of the means of agricultural production (IPAMPA)
weights March 2012 Variation as % over
a month 3 months a year
Total input 1000 128.5 +0.6 +1.4 +1.9
Goods and services currently consumed in agriculture 758 131.5 +0.7 +1.7 +2.2
Energy (1) 84 159.4 +1.1 +7.5 +9.9
Seeds 51 116.6 +0.3 +1.1 +4.0
Fertilisers and soil improvers 92 166.2 +0.4 +0.2 +5.7
Plant protection products 77 105.4 +0.9 +0.5 +0.3
Animal feeding stuffs 189 138.0 +1.4 +2.0 –2.6
Veterinary expenses 38 116.2 +0.4 +0.5 +2.0
Small equipment and tools 14 110.6 +0.1 –2.3 +2.7
Maintenance of materials 56 128.0 +0.1 +1.2 +2.2
Maintenance of buildings 9 122.5 0.0 0.0 +1.4
Other goods and services 149 112.6 +0.1 +0.1 +1.3
Goods and services contributing to investment 242 119.2 +0.1 +0.2 +1.1
Material 170 116.4 +0.1 +0.3 +1.5
Tractors 71 113.3 +0.3 +0.3 +1.7
Machinery and plant for cultivation 36 119.0 –0.2 +0.4 +0.8
Machinery and plant for harvesting 37 116.6 +0.1 +0.5 +1.4
Utility vehicles 16 113.5 –0.1 +0.6 +2.0
Buildings 72 125.9 0.0 0.0 +0.2
  • 1) The repayment of 5 cents per litre of fuel of the domestic tax on energetical products (TICPE) benefiting farmers has been applied in advance for the year 2012
  • Sources: INSEE - SSP (department of Agriculture)