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

In October, the price of oil in dollars fell (-2.0%) after a slight increase in September (+0,6%). It stood at $108.5 per barrel Brent. Meanwhile, the lower prices in foreign currencies for non-energy commodities imported into France increased significantly (-6.2% after -3.0% in September).

In October, the price of oil in dollars fell (-2.0%) after a slight increase in September (+0,6%). It stood at $108.5 per barrel Brent. Meanwhile, the lower prices in foreign currencies for non-energy commodities imported into France increased significantly (-6.2% after -3.0% in September).

The price of oil fell off again

In October, the dollar price of oil from the North Sea (Brent) fell (-2.0% after +0.6%). In euros, the decline in the oil price was slightly (-1.7% after +4.7% in September), due to the depreciation of European currency against the dollar (-0.3%). On the last three months, the price of oil has fallen by 6.9% in dollars and 3.1% in euros.

The lower prices of industrial raw materials accelerated

In October, the decline in foreign currencies prices of industrial raw materials has accentuated (-6.3% after -3.1% in September). The prices of mineral raw materials have continued to hold up (-7.1% after -4.2%). The prices of all nonferrous metals registered sharp declines (-8.4% after -5.6%), particularly those of copper (-11.6%), zinc (-10.3%) and aluminum (-5.4%). Similarly, the decline in prices of precious metals has clearly accelerated (-11.4% after -2.7%), including that of silver (-16.2%) and platinum (-12.2%).

The prices of agro-industrial raw materials also fell (-4.0% after +0.3% in September), mainly due to the lower prices of natural rubber (-7.5%), sawn timber of conifers (-5.8%) and natural textiles fibers (-5.9% after +1,3% September).

The lower prices of raw food materials continued

In October, the prices of raw food materials in foreign currencies continued to decline (-5.9% after -2.7%). This oilseeds prices also continued to decline (-8.3% after -3.5%), including soybean meal (-9.9%), soybean (-9.1%°), and palm oil (-8.2%). The decline in tropical foodstuff prices has accentuated (-7.1% after -3.6%). In particular, the improved prospects for crops has reduced the prices of coffee (-10.5% for Arabica; -5.4% for Robusta) and cocoa (-5.8%).

The cereals prices also fell (-2.8% after +2.7%) especially the prices of corn (-8.3%). Finally, the prices of beef meat were down again (-1.7% after -2.8%).

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 108,5 –2,0 –6,9 31,3
Brent in € per barrel 79,1 –1,7 –3,1 33,0
Gasoline 971,3 –5,1 –7,9 27,1
Gas Oil 930,5 –0,7 –4,0 30,4
Heavy fuel 616,8 –1,8 –2,6 38,9
Naphtha 962,8 0,0 –7,3 28,4
  • Prices are in dollars per tone 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 247,7 –5,9 –8,2 4,0
Tropical beverages 257,2 –7,1 –12,1 4,5
Oil seeds, vegetable oils 254,3 –8,3 –11,9 –3,2
Cereals 301,2 –2,8 6,7 17,7
Sugar 322,9 –5,1 –10,8 –2,4
Beef meat 154,7 –1,7 –2,5 12,8
Industrial raw materials 241,0 –6,3 –11,9 –4,2
Agricultural raw materials 154,1 –4,0 –6,1 0,3
Natural Fibers 228,0 –5,9 –11,6 –7,1
Natural rubber 518,7 –7,5 –5,9 9,3
Hides 99,3 –3,5 –7,1 –12,4
Wood pulp 138,6 –1,6 –6,1 –2,0
Tropical wood 156,9 –0,2 –1,5 7,2
Sawn softwood 91,8 –5,8 –6,6 –3,9
Minerals 286,7 –7,1 –13,8 –5,7
Iron ore 615,1 0,0 0,0 –2,7
Non-ferrous metals 239,3 –8,4 –18,4 –10,5
Precious metals 425,7 –11,4 –7,4 24,1
All commodities 234,1 –6,2 –10,6 –1,3
  • Source : INSEE

G_alim_ang – OilFood

  • Source : INSEE

G_ensemble_ang – All commodities

G_indus_ang – Industrial raw materials