Overall producer prices of agricultural products were stable in June 2012Indices of agricultural prices - June 2012

In June, overall producer prices of agricultural products were stable compared to May ; year-over-year they increased by 1.5 %

In June, overall producer prices of agricultural products were stable compared to May ; year-over-year they increased by 1.5 %

Price of cereals rose between May and June (+1.9 %). The price of wheat showed a sharper rise (+3.9 %). The drought - which has been going since May - in the United States and in the Black Sea region led to smaller harvests than those initially forecast.

cereal – Producer price of cereals

Oleaginous price decreased in June (-1.3 %). Price of rape was stable, whereas sunflower depreciated (–5.7 %) as soon as a record global harvest was forecast.

Potato price fell in June year-over-year (–29.8 %), the last harvest in North-West Europe having been profuse.

Price of wine decreased slightly in June (-0.5 %).

Price of fresh fruits rose in June year-over-year (+9.3 %). On the supply side, bad weather damaged cherry crops ; it also caused lower yields for peach, whose surface area devoted to its production was, moreover, reduced. On the other hand, apricot output is expected to be higher that last year, with a decreasing price. On the demand side, the dull weather affected the consumption of strawberries whose price went down too.

vegetable – Producer price of fresh vegetables

The price of fresh vegetables was higher in June year-over-over (+18.5 %) : heavy rains at the beginning of this spring had damaged salad plants, and the foreign competition is moderate for cucumbers, tomatoes and carrots. On the demand side, the dull weather favoured on the consumption of carrots, but also cabbage and leek, which is usually lower at this time of the year.

pig – Producer price of pigs and large cattle

On a seasonally adjusted basis, price of animals rose in June (+1.4 %). Price of big cattle kept increasing, showing an increase approaching 20% year-over-year, due to a progressive cut of livestock. Price of pigs picked up again, driven up by the exports to Asia. On the other hand, price of calves staggered, with the French consumption tendentially decreasing. Egg prices kept decreasing (-11.3 % over one month) : the supply is catching up following the implementation of a new standard size for hen houses which had led to a loss of production capacity.

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

100 = 2005
Indices of producer prices of agricultural products (IPPAP)
Variation as % over :
weights June 2012 a month 3 months a year
raw seasonally adjusted data raw
Agricultural goods output 1000 131.4 0.0 –1.5 +1.5
excluding fruits and vegetables 878 133.1 +0.3 –1.4 +0.2
Crop output (excluding fruits and vegetables) 417 145.9 +0.5 +0.9 –4.1
Cereals 115 202.1 +1.9 +1.4 –6.2
of which soft wheat 63 215.1 +3.9 +3.6 –1.9
grain maize 27 180.1 +0.3 –0.7 –13.0
Potatoes 19 120.4 /// /// –29.8
Wines 161 121.7 –0.5 +0.7 +0.2
quality wines 140 120.6 –0.4 +0.9 +0.8
other wines 21 128.8 –1.0 –0.4 –3.2
Oleaginous 28 216.3 –1.3 +0.2 +2.0
Horticultural products 51 100.8 +0.1 –4.6 –3.1
Other crop products 43 105.4 –0.4 +1.9 –1.9
Fruits and vegetables (1) 122 119.3 /// /// +13.1
Fresh vegetables 61 111.4 /// /// +18.5
Fresh fruits 39 137.6 /// /// +9.3
Animal output 461 121.5 +0.1 –3.9 +5.4
Animals 286 121.7 +1.4 +0.7 +8.1
of which large cattle 108 122.0 +1.9 +5.1 +19.8
calves 29 118.5 –0.1 –2.1 +3.5
pigs 64 116.6 +2.2 –6.5 +8.0
sheep 14 110.8 –2.4 –3.2 –2.8
poultry 59 136.5 +0.8 +2.4 –2.3
of which chicken 26 135.5 +0.7 +2.6 –2.1
Milk 159 110.4 0.0 –6.4 –7.5
of which cow milk (2) 148 111.1 0.0 –6.9 –8.0
Eggs 13 252.4 –11.3 –28.0 +105.5
  • (1) Including vegetables for industry.
  • (2) The price for June is not yet known and therefore is estimated by carrying forward the seasonally adjusted price of May.
  • Sources: INSEE - SSP (department of Agriculture)

Purchase price of the means of agricultural production decreased slightly in june.

The price of intermediate consumptions went down slightly in June due to lower energy prices. Price of investments was stable. However, purchase prices increased year-over-year, most notably for seeds and fertilisers (more than 4 %).

Moyens_prod – Purchase price of the means of agricultural production

Tab2 – Indices of purchase prices of the means of agricultural production (IPAMPA)

100=2005
Indices of purchase prices of the means of agricultural production (IPAMPA)
weights June 2012 Variation as % over
a month 3 months a year
Total input 1000 128.5 –0.3 –0.1 +1.8
Goods and services currently consumed in agriculture 758 131.3 –0.4 –0.2 +2.1
Energy (1) 84 142.1 –5.4 –10.4 +2.4
Seeds 51 117.2 +0.4 +0.7 +4.1
Fertilisers and soil improvers 92 164.4 –0.7 –1.2 +4.2
Plant protection products 77 106.6 –0.1 +0.9 +0.6
Animal feeding stuffs 189 144.0 +0.9 +4.4 +0.8
Veterinary expenses 38 117.8 +0.1 +0.5 +2.7
Small equipment and tools 14 111.7 +0.8 +1.7 +1.0
Maintenance of materials 56 129.5 +0.6 +1.1 +3.1
Maintenance of buildings 9 123.8 0.0 0.0 +2.1
Other goods and services 149 112.8 +0.2 0.0 +1.5
Goods and services contributing to investment 242 119.8 0.0 +0.2 +1.1
Material 170 116.8 0.0 +0.3 +1.0
Tractors 71 113.5 0.0 +0.1 +1.1
Machinery and plant for cultivation 36 119.2 0.0 +0.2 –0.9
Machinery and plant for harvesting 37 117.3 –0.1 +0.6 +1.4
Utility vehicles 16 113.9 0.0 +0.2 +2.1
Buildings 72 127.0 0.0 0.0 +1.5
  • (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)