Overall producer prices of agricultural products kept increasing in OctoberIndices of agricultural prices - octobre 2012

In October, overall producer prices of agricultural products increased by 0.6 % compared to September ; year-over-year they rose by 12.9%.

In October, overall producer prices of agricultural products increased by 0.6 % compared to September ; year-over-year they rose by 12.9%.

Cereal price remained firm at a high level, increasing by 31.7% year-over-year. The global productions of wheat and maïze should indeed decrease by the end of this campaign, compared to the last one.

cereal – Producer price of cereals

Oleaginous prices, mainly rape and sunflower, went down noticeably this month (-6.1 %). Their prices were driven down by the strong depreciation of soy, these seeds being partially substituable for each other. The soy crop was very significant in the United States, which is the first producer in the world.

Potato price almost doubled in October compared with the same month last year (+94.3 %), 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 October (+3.3 %), due both to quality wines and other wines.

Price of fresh fruits went up in October year-over-year (+32.4 %). The prices of apple and pear noticeably rose as a result of a sharp decrease in production for these two fruits in Europe.

vegetable – Producer price of fresh vegetables

Price of fresh vegetables went up year-over-year (+25.1 %). The chilly and rainy weather in October delayed the deliveries of cauliflowers from Brittany and slowed the harvest of leeks ; as a result, the prices of these two vegetables increased. The onion crop, less considerable than last year, drove the price up too.

pig – Producer prices of pigs ans big cattle

On a seasonally adjusted basis, price of animals went up in October (+0.3 %). Price of pigs rose again this month to increase by almost 20% over three months, reflecting the drop in production in Europe. Price of poultry increased, partly reflecting the rise in intermediate consumptions price, mainly animal feeding stuffs. Price of eggs climbed again (+54.7 % over one year, more than doubling over two years). The European supply was low due to a delay in the implementation of a new standard size for hen houses in some neighbouring countries.

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

Base year 2005
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights Oct 2012 a month 3 months a year
raw seasonally adjusted data raw
Agricultural goods output 1000 141.2 +0.6 +5.2 +12.9
excluding fruits and vegetables 878 143.0 +0.2 +4.6 +11.6
Crop output (excluding fruits and vegetables) 417 163.8 –0.1 +6.3 +17.9
Cereals 115 240.9 –1.3 +4.4 +31.7
of which soft wheat 63 258.8 –0.7 +4.6 +40.8
grain maize 27 214.4 –2.5 +4.5 +28.8
Potatoes 19 221.2 /// /// +94.3
Wines 161 123.4 +3.3 +2.8 +2.7
quality wines 140 122.2 +2.4 +2.8 +2.8
other wines 21 131.1 +8.9 +2.9 +2.3
Oleaginous 28 220.9 –6.1 –3.6 +15.4
Horticultural products 51 105.6 –1.0 –1.5 –0.5
Other crop products 43 114.5 –0.6 +6.3 +5.7
Fruits and vegetables (1) 122 128.6 /// /// +23.9
Fresh vegetables 61 119.4 /// /// +25.1
Fresh fruits 39 153.6 /// /// +32.4
Animal output 461 124.2 +0.5 +2.5 +5.0
Animals 286 130.1 +0.3 +6.8 +10.6
of which large cattle 108 124.0 –1.8 +0.3 +11.3
calves 29 118.8 +0.2 0.0 0.0
pigs 64 132.1 +1.6 +21.6 +19.0
sheep 14 123.2 –0.6 +6.0 +3.3
poultry 59 148.2 +1.3 +7.7 +8.9
of which chicken 26 147.7 +0.9 +8.2 +8.7
Milk 159 105.7 0.0 –6.5 –10.0
of which cow milk (2) 148 105.0 0.0 –6.9 –10.7
Eggs 13 221.1 +6.2 +9.0 +54.7
  • 1) Including vegetables for industry.
  • (2) The price for October is not yet known and therefore is estimated by carrying forward the seasonally adjusted price of September.
  • Sources: INSEE - SSP (ministry of agriculture)

Purchase price of the means of agricultural production increased in October

The price of intermediate consumptions rose over one month (+0.6 %) mainly as a result of higher prices for animal feeding stuffs and seeds. Year-over-year, it went up by 6.7 %, due as well to aliments and energy too. Price of investment showed a slight increase over one month (+0.4 %).

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 Oct 2012 Variation as % over
a month 3 month a year
Total input 1000 133.9 +0.6 +2.8 +5.4
Goods and services currently consumed in agriculture 758 138.2 +0.6 +3.5 +6.7
Energy (1) 84 156.7 +0.3 +3.9 +9.7
Seeds 51 119.3 +1.3 +2.1 +3.3
Fertilisers and soil improvers 92 167.2 +0.1 +1.6 +1.3
Plant protection products 77 106.5 +0.4 +0.6 –0.2
Animal feeding stuffs 189 162.4 +1.4 +9.3 +17.5
Veterinary expenses 38 119.3 +0.4 +0.8 +3.7
Small equipment and tools 14 112.6 +0.5 +0.4 +0.4
Maintenance of materials 56 130.6 +0.2 +0.4 +3.6
Maintenance of buildings 9 124.2 0.0 0.0 +1.8
Other goods and services 149 112.8 +0.2 –0.4 +0.7
Goods and services contributing to investment 242 120.5 +0.4 +0.5 +1.4
Material 170 118.0 +0.6 +0.7 +1.9
Tractors 71 114.9 +0.7 +0.4 +1.6
Machinery and plant for cultivation 36 120.2 +0.5 +1.0 +1.8
Machinery and plant for harvesting 37 118.5 +1.0 +0.5 +1.8
Utility vehicles 16 113.5 –0.4 –0.7 +1.4
Buildings 72 126.3 0.0 0.0 +0.5
  • (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 (ministry of agriculture)