In September 2011, prices of the imported commodities were down againPrices of oil and raw material imports - Septembre 2011

In September, the price of oil in dollars rose slightly (+0.6%) after having fallen sharply in August (-5,5%). It stood at $110.8 per barrel Brent. The foreign currency prices for non-energy commodities imported into France declined again (-3.0% after -1.8% in August).

In September, the price of oil in dollars rose slightly (+0.6%) after having fallen sharply in August (-5,5%). It stood at $110.8 per barrel Brent. The foreign currency prices for non-energy commodities imported into France declined again (-3.0% after -1.8% in August).

The price of oil recovered slightly

In September, the dollar price of oil from the North Sea (Brent) increased slightly (+0.6% after -5.5%). In euros, the oil price recovered strongly (+4.7% after -5.8% in august), due to the depreciation of European currency against the dollar (-3.9%). In one year, the rise in oil prices reached 42.4% in dollars and 35.4% in euros).

The prices of industrial raw materials continued to decline

In September, the prices of industrial raw materials in foreign currencies continued to decline (-3.1% after -3.0%). The prices of mineral raw materials still decreased (-4.2% after -3.1%). Indeed, the prices of nonferrous metals fell as much as in August (-5.6%), especially those of copper (-8.0%), nickel (-7,7%) and zinc (-5.5%). The prices of precious metals have also decreased (-2.7% after +7.4%), mainly those of palladium (-7.6%), silver (-5.3%) and platinum (-3.1%).

The prices of agro-industrial raw materials increased slightly (+0.3% after -2.5% in August), mainly due to the sharp rise in the price of sawn timber of conifers (+8.2% after -8.4%). Meanwhile, the prices of natural textiles fibers also increased (+1,3% after -7,2%), due to the rebound in cotton prices (+2.8% after -6.7%).

The prices of raw food materials decreased

In September, the prices of raw food materials in foreign currencies decreased (-2.7% after +0.3%). This is particularly the case of tropical foodstuff which recorded a 3.6% decrease due to the decline in the prices of cocoa (-6.1%) and tea (-5.1%). With regard to cocoa, the surplus of harvest in major producing countries of West Africa, including Ivory Coast, has weighed on the prices. The prices of sugar fell again (-4.1% after -2.0%) because of the anticipated increase in supply in Brazil and India. The prices of oilseeds

have fallen sharply (-3.5% after -0.5%) due to the lower prices of palm oil (-4.8%) and soybeans (-4.5% for soybean and -3.7% for soybean meal). Similarly, the prices of beef meat were down (-2.8% after +1.9%). In contrast, the prices of imported cereals continued to rise, but less strongly than in August (+2.7% after +6.8%), mainly due to the increase in the prices of rice (+8.1%) sustained by Asian demand.

tabpetrole – Oil and petroleum products

in dollar
Oil and petroleum products
Prices Change (%)
over the last month over the last month over the last 3 months over the last 12 months
Brent in $ per barrel 110,8 0,6 –2,8 42,4
Brent in € per barrel 80,4 4,7 1,7 35,4
Gasoline 1023,9 1,2 1,6 45,0
Gas Oil 936,7 –0,3 –0,6 39,3
Heavy fuel 627,9 0,8 3,2 50,0
Naphta 963,0 –7,3 –7,3 42,5
  • 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 last month over the last 3 months over the last 12 months
Food total 263,1 –2,7 –1,5 15,1
Tropical beverages 276,9 –3,6 –3,6 15,5
Oil seeds, vegetable oils 277,3 –3,5 –4,5 11,3
Cereals 309,8 2,7 7,1 31,2
Sugar 340,1 –4,1 6,3 16,8
Beef meat 157,3 –2,8 0,7 12,9
Industrial raw materials 257,3 –3,1 –4,2 6,3
Agricultural raw materials 160,6 0,3 –0,8 8,8
Natural Fibers 242,6 1,3 –20,5 18,4
Natural rubber 560,8 0,9 0,8 32,1
Hides 102,9 –3,8 –4,5 –7,3
Wood pulp 140,9 –4,0 –4,5 –0,6
Tropical wood 157,2 –1,8 –1,9 8,0
Sawn softwood 97,4 8,2 8,0 8,2
Minerals 308,7 –4,2 –5,3 5,3
Iron ore 615,1 0,0 –1,2 –13,6
Non-ferrous metals 261,2 –5,6 –8,6 4,5
Precious metals 480,7 –2,7 8,5 50,8
All commodities 249,5 –3,0 –3,2 9,3
  • Source : INSEE

G_petrole_ang – Oil

  • Source : INSEE

G_alim_ang – Food

  • Source : INSEE

G_ensemble_ang – All commodities

  • Source : INSEE

G_indus_ang – Industrial raw materials

  • Source : INSEE