In November 2011, the decline in prices of the imported commodities reducedPrices of oil and raw material imports - December 2011

In November, the price of oil in dollars rebounded (+2.1%) after declining in October (-2,0%). It stood at $110.8 per barrel Brent. For their part, the foreign currency prices for non-energy commodities imported into France continued to decline for the fourth consecutive months, but less pronounced (-2.2% after -7.4% in October).

Informations rapides
No 300
Paru le : 08/12/2011
Prochaine parution le : 20/12/2017 at 12:00 - November 2017

In November, the price of oil in dollars rebounded (+2.1%) after declining in October (-2,0%). It stood at $110.8 per barrel Brent. For their part, the foreign currency prices for non-energy commodities imported into France continued to decline for the fourth consecutive months, but less pronounced (-2.2% after -7.4% in October).

The price of oil rebounded

In November, the dollar price of oil from the North Sea (Brent) rebounded (+2.1% after -2.0%). In euros, the rise in oil price was higher (+3.3% after -1.7% in October), due to the depreciation of European currency against the dollar (-1.2%).

Lower prices of industrial raw material reduced

In November, the prices of industrial raw materials in foreign currencies continued to decline, but less strongly than in October (-2.8% after -8.5%). The prices of mineral raw materials have stabilized (-0.6% after -10.1% in October). Among the nonferrous metals (-1.6% after -8.4%), the prices of nickel (-5.3%) and aluminium (-4.5%) recorded a further decline, but those of copper (+2.8%) and zinc (+3.5%) increased again. The prices of precious metals have also recovered (-3.9% after -11.4%), mainly those of gold (+4.4%) and silver (+3.5%).

In the other hand, the decline in the prices of agro-industrial raw materials increased (-8.5% after -4.0% in October), mainly due to the sharp drop in prices of natural rubber (-17.0%), pulp and paper (-8,9%) and tropical sawn wood (-5.5%).

The prices of raw food materialsweakened less strongly

In November, the pace of decline in prices of raw food materials in foreign currencies has significantly reduced (-1.1% after -5.3%). The prices of tropical foodstuff recorded a further decline (-4.3%), notably cocoa (-8.1%) due to the prospect of an abundant harvest in Ivory Coast. Similarly, sugar prices continued to decline (-6.8% after –5.1%) : the decision of India (second largest producer), to authorize the

export of one million tons od sugar in 2011-2012, weighed on prices. However,prices of cereals (+0.5% after –2.8%) and beef meal (+3.4% after -1.7%) recovered.

tabpetrole – Oil and petroleum products

in dollar
Oil and petroleum products
Prices Change (%)
over the last month over the last 3 months over the last 12 months
Brent in $ per barrel 110,8 2,1 0,6 29,9
Brent in € per barrel 81,7 3,3 6,3 30,7
Gasoline 923,5 –4,9 –8,7 20,1
Gas Oil 973,9 4,7 3,7 34,1
Heavy fuel 628,5 1,9 0,9 39,7
Naphtha 861,3 –10,5 –17,1 10,4
  • 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 the last month over the last 3 months over the last 12 months
Food total 246,3 –1,1 –8,9 0,1
Tropical beverages 245,8 –4,3 –14,4 –2,4
Oil seeds, vegetable oils* 256,6 –0,9 –10,7 –7,2
Cereals 302,7 0,5 0,4 16,0
Sugar 301,0 –6,8 –15,1 –15,2
Beef meat 159,9 3,4 –1,2 15,8
Industrial raw materials 228,9 –2,8 –13,8 –10,4
Agricultural raw materials 141,0 –8,5 –12,0 –13,4
Natural Fibers 219,2 –4,0 –8,4 –26,0
Natural rubber 430,4 –17,0 –22,6 –18,4
Hides 95,9 –3,5 –10,4 –15,9
Wood pulp 126,2 –8,9 –14,0 –9,6
Tropical wood 148,3 –5,5 –7,4 0,7
Sawn softwood 89,5 –2,5 –0,6 –16,2
Minerals 275,9 –0,6 –14,4 –9,4
Iron ore ** 522,5 0,0 –15,1 –17,3
Non-ferrous metals 235,5 –1,6 –14,9 –11,7
Precious metals 442,3 3,9 –10,5 22,9
All commodities 226,1 –2,2 –12,0 –6,8
  • *The price of soybean meal has been revised in the past
  • **The price of iron ore was revised in October
  • Source : INSEE

G_alim_ang – OilFood

  • Source : INSEE
  • Source : INSEE

G_ensemble_ang – All commodities

  • Source : INSEE

G_indus_ang – Industrial raw materials

  • Source : INSEE