Overall producer prices of agricultural products increased in July 2012Indices of agricultural prices - July 2012

In July, overall producer prices of agricultural products increased by 3 % compared to June; year-over-year they rose by 5.8 %

Informations rapides
No 214
Paru le : 31/08/2012
Prochaine parution le : 29/09/2017 at 12:00 - August 2017

In July, overall producer prices of agricultural products increased by 3 % compared to June; year-over-year they rose by 5.8 %

Price of cereals jumped between June and July (+14.2 %) due to a decrease in world production this season, caused by the drought which has been going on for three months in the United States and in the Black Sea region.

cereal – Producer price of cereals

Price of oleaginous rose noticeably in July (+6.0 %). The demand for rape was strong whereas the stocks were depleted in Europe until the next harvest. It is partly sustained by the rise in oil price which makes the manufacturing of agrofuel attractive.

Potato price fell in July year-over-year (–31.0 %), the last harvest in North-West Europe having been profuse.

Price of wine decreased slightly in July (-1.1 %).

Price of fresh fruits increased in July year-over-year (+6.1 %). Peach became more expensive as a result of a decreasing supply compared with the previous season: the surface area devoted to its production was reduced and bad weather this spring spoiled some fruits. On the other hand, price of apricot lowered: the production was on the rise despite local damage due to thunderstorms.

vegetable – Producer price of fresh vegetables

Price of fresh vegetables was higher in July year-over-year (+11.9 %). Heavy rains at the beginning of the spring deteriorated salad plants. Price of tomatoes rose too, as a result of a decreasing national production and moderate foreign competition. The market was balanced for cucumber, contrary with the previous season during which a health warning had made the consumers turn aside from it. On the other hand price of melon decreased: the dull weather during July did not encourage the consumption.

pig – Producer price of pigs and large cattle

On a seasonally adjusted basis, price of animals went up in July (+1.2 %). Price of big cattle kept up rising, showing a rise approaching 20 % year-over-year, due to a gradual reduction of livestock. Price of poultry partly reflected the increase in price of feed. The demand for pigs was high, most notably for export. Price of calves decreased slightly, with the French consumption tendentially decreasing.

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

100 = 2005
Indices of producer prices of agricultural products (IPPAP)
Variation as % over :
weights July 2012 a month weights June 2012
raw seasonally adjusted data raw
Agricultural goods output 1000 136.8 +3.0 +3.6 +5.8
excluding fruits and vegetables 878 139.7 +3.7 +4.2 +5.5
Crop output (excluding fruits and vegetables) 417 154.4 +6.5 +6.6 +5.1
Cereals 115 230.8 +14.2 +14.9 +16.7
of which soft wheat 63 247.4 +15.0 +19.3 +25.6
grain maize 27 205.1 +13.9 +10.4 +7.1
Potatoes 19 116.5 /// /// –31.0
Wines 161 120.5 -1.1 -0.9 –2.1
quality wines 140 119.4 –1.1 –0.8 –2.0
other wines 21 127.4 –1.0 –1.8 –2.8
Oleaginous 28 229.2 +6.0 +1.2 +14.4
Horticultural products 51 101.9 +3.4 –3.3 –0.3
Other crop products 43 107.6 +2.1 +2.7 –0.3
Fruits and vegetables (1) 122 115.8 /// /// +8.8
Fresh vegetables 61 111.5 /// /// +11.9
Fresh fruits 39 129.1 /// /// +6.1
Animal output 461 126.3 +0.7 +1.6 +6.0
Animals 286 123.1 +1.2 +3.1 +9.0
of which large cattle 108 123.6 +1.3 +6.6 +18.6
calves 29 118.0 –0.3 –1.0 +3.0
pigs 64 120.3 +2.1 +0.4 +12.2
sheep 14 110.8 +1.0 –0.5 –0.1
poultry 59 137.6 +0.8 +2.6 –1.5
of which chicken 26 136.5 +0.7 +2.4 –1.6
Milk 159 121.6 +0.0 +3.1 –3.3
of which cow milk (2) 148 122.8 +0.0 +3.4 –3.5
Eggs 13 254.3 +0.8 –17.7 +45.2
  • (1) Including vegetables for industry.
  • (2) The price for July is not yet known and therefore is estimated by carrying forward the seasonally adjusted price of June.
  • Sources: INSEE - SSP (department of Agriculture)

Purchase price of the means of agricultural production increased in July

The price of intermediate consumptions rose over one month (+0.8 %) as a result of higher prices for energy and animal feeding stuffs. Price of investment was stable. Year-over-year, purchase price increased by 2.1 %, but in a more diffuse way.

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)100=2005
weights July 2012 Variation as % over
a month
Total input 1000 129.4 +0.6 +0.3 +2.1
Goods and services currently consumed in agriculture 758 132.4 +0.8 +0.3 +2.4
Energy (1) 84 145.5 +2.4 –6.8 +2.8
Seeds 51 117.4 +0.1 +0.5 +3.5
Fertilisers and soil improvers 92 164.6 +0.1 –1.4 +2.9
Plant protection products 77 106.6 0.0 +0.3 +0.6
Animal feeding stuffs 189 146.2 +1.5 +4.5 +2.7
Veterinary expenses 38 117.7 0.0 +0.2 +2.6
Small equipment and tools 14 112.1 +0.2 +1.5 +0.9
Maintenance of materials 56 130.0 +0.4 +1.5 +3.4
Maintenance of buildings 9 124.2 0.0 0.0 +2.2
Other goods and services 149 113.3 +0.3 +0.3 +1.1
Goods and services contributing to investment 242 119.9 0.0 +0.1 +1.1
Material 170 116.8 0.0 +0.1 +0.8
Tractors 71 113.5 0.0 0.0 +0.9
Machinery and plant for cultivation 36 119.2 0.0 +0.2 –1.1
Machinery and plant for harvesting 37 117.3 0.0 +0.1 +1.4
Utility vehicles 16 113.9 0.0 0.0 +2.1
Buildings 72 127.3 0.0 0.0 +1.7
  • (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)