Overall producer prices of agricultural products kept rising in NovemberIndices of agricultural prices - Novembre 2012

In November, overall producer prices of agricultural products increased by 0.9 % compared to October ; year-over-year they rose by 14.0%.

In November, overall producer prices of agricultural products increased by 0.9 % compared to October ; year-over-year they rose by 14.0%.

Cereal price rose in november (+3.4 %), reaching a pic over five years. This latest increase resulted from recent forecasts that pointed out a noticeable drop in global crop of maïze and wheat this season.

cereal – Producer price of cereals

Oleaginous price stayed firm this month (–0.3 %), at a high level. The worldwide rape crop, main oleaginous grain grown in France, was also forecast to decrease slightly this season.

Potato price doubled in November compared with the same month last year (+116.3 %), due to a marked shortfall of supply in North-Western Europe. The bad weather in August spoiled practically a fifth of the crop in England and led as well to a substantial deficit of production in the Netherlands and in Belgium. The dry weather in France during September decreased the yields.

Wine price rose in November (+1.8 %), due both to quality wines and other wines.

Price of fresh fruits went up strongly in November year-over-year (+34.9 %). Price of apple and pear were particularly concerned, rising respectively by 47 % and 40 %, due to a strong decrease in production in Europe.

vegetable – Producer price of fresh vegetables

Price of fresh vegetables went up year-over-year (+12.5 %). The production of salad was slowed by chilly weather. The onion crop was less considerable than last year. So, the prices were higher for these two vegetables compared to last year. On the demand side, the domestic consumption was sustained for leek, while cauliflower from Britanny sold easily through exportations. Conversely, chicory price decreased due to a weak consumption.

pig – Producer prices of pigs ans big cattle

On a seasonally adjusted basis, price of animals went down in November. Price of pig decreased noticeably due to North-american competition that drove down european exportations to other countries. Price of eggs rose again (+46.8 % over one year, more than doubling over two years). The European supply was low due to a delay in the implementation of new sanitary standards in some neighbouring countries. The price reflects also the cost of investments agreed and the increase of intermediate consumptions (cereals).

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

Base year 2005
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights Nov 2012 a month 3 months a year
raw seasonally adjusted data raw
Agricultural goods output 1000 142.9 +0.9 +5.1 +14.0
excluding fruits and vegetables 878 145.2 +1.3 +4.3 +13.5
Crop output (excluding fruits and vegetables) 417 168.9 +2.7 +5.8 +22.3
Cereals 115 249.2 +3.4 +1.6 +38.5
of which soft wheat 63 267.7 +3.4 +2.6 +48.3
grain maize 27 224.6 +4.8 –0.2 +37.1
Potatoes 19 239.2 /// /// +116.3
Wines 161 126.1 +1.8 +4.2 +5.0
quality wines 140 124.2 +1.6 +3.2 +4.3
other wines 21 138.6 +3.1 +10.9 +8.7
Oleaginous 28 220.2 –0.3 –6.3 +14.2
Horticultural products 51 114.0 +2.8 +3.9 +2.3
Other crop products 43 113.8 –0.5 +3.9 +11.8
Fruits and vegetables (1) 122 126.4 /// /// +18.1
Fresh vegetables 61 117.7 /// /// +12.5
Fresh fruits 39 150.5 /// /// +34.9
Animal output 461 123.7 –0.4 +2.4 +4.3
Animals 286 128.1 –1.0 +2.1 +7.7
of which large cattle 108 122.6 –0.8 –2.9 +10.0
calves 29 121.1 +1.5 +1.5 +1.1
pigs 64 123.5 –3.5 +8.7 +5.9
sheep 14 123.1 –2.5 –1.2 +1.9
poultry 59 148.7 +0.3 +5.0 +10.5
of which chicken 26 147.1 –0.4 +4.0 +10.1
Milk 159 107.2 0.0 +1.4 –6.5
of which cow milk (2) 148 106.5 0.0 +1.5 –7.0
Eggs 13 229.6 +3.8 +12.5 +46.8
  • (1) Including vegetables for industry.
  • (2) The price for November is not yet known and therefore is estimated by carrying forward the seasonally adjusted price of October
  • Sources: INSEE - SSP (ministry of agriculture)

Purchase price of the means of agricultural production remained stable in November

The price of intermediate consumptions stabilised in november (+0.1 %). The decrease of energy price was amply offset by the rise of animal feeding stuff. Price of investment was almost stable (–0.1%).

means – Purchase price of the means of agricultural production

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

Base year 2005
Indices of purchase prices of the means of agricultural production (IPAMPA)
weights Nov 2012 Variation as % over
a month 3 month a year
Total input 1000 133.9 +0.1 +1.3 +5.4
Goods and services currently consumed in agriculture 758 138.2 +0.1 +1.6 +6.6
Energy (1) 84 154.5 –1.4 –1.3 +5.1
Seeds 51 119.2 –0.1 +2.0 +3.1
Fertilisers and soil improvers 92 167.7 +0.3 +1.0 +0.8
Plant protection products 77 106.3 –0.2 +0.2 +0.1
Animal feeding stuffs 189 163.9 +1.0 +5.6 +20.2
Veterinary expenses 38 118.8 –0.4 +0.3 +2.9
Small equipment and tools 14 112.8 +0.4 +0.6 0.0
Maintenance of materials 56 130.7 +0.1 +0.3 +3.5
Maintenance of buildings 9 124.5 +0.3 +0.3 +1.8
Other goods and services 149 112.4 –0.2 –0.8 +0.2
Goods and services contributing to investment 242 120.4 –0.1 +0.3 +1.4
Material 170 117.7 –0.2 +0.3 +1.6
Tractors 71 114.5 –0.4 +0.1 +1.2
Machinery and plant for cultivation 36 120.2 +0.1 +0.5 +1.5
Machinery and plant for harvesting 37 118.5 0.0 +0.1 +2.3
Utility vehicles 16 113.5 0.0 –0.3 +1.1
Buildings 72 126.6 +0.2 +0.2 +1.0
  • (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 (ministry of agriculture)