In July 2015, overall agricultural producer prices increased by 1.1%Indices of agricultural prices - juillet 2015

In July 2015, overall agricultural producer prices rose by 1.1% compared to June ; year over year they decreased by 1.6%

In July 2015, overall agricultural producer prices rose by 1.1% compared to June ; year over year they decreased by 1.6%

Cereal prices jumped in July (+11.1%). At the beginning of that month, soft wheat and maïze markets reacted upwardly to adverse weather conditions in Europe (drought) and in United-States (floods). Durum wheat price surged even more (+16.5%): the lack of planted areas led to a shortage.

cereal – Producer prices of cereals

  • Source : Insee

Oleaginous prices slightly weakened in July (–2.0%) after a sharp rise the previous months (+18.8% yoy). The price of rape, the main oleaginous grown in France, shrunk following the tumble of oil price. The biodiesel oil, made from rape, turned less attractive by a lower price of oil.

The wine prices dipped year on year (–1.8%). The 2014 harvest was good, except in the Languedoc-Roussillon region. Hence, the prices of common wines, massively produced in that place, rose significantly (+13.1% yoy). Conversely, prices of PDO (protected designation of origin) wines decreased sharply (–9.5% yoy).

Fresh fruits prices soared (+21.2%) compared to July 2014, when they were particularly low. Apricots and peaches prices rocketed as a result of the significant decline in their production related to bad weather conditions, while the heat wave supported their consumption. The foreign competition was weak; in addition, the consumers favoured the French origin.

vegetable – Producer prices of fresh vegetables

Fresh vegetable prices dropped (–7.3% yoy). Melon price plunged by a quarter. The consumption could not absorb the abundant production due to increased yields. On the other hand, cucumbers and carrots prices increased : their good quality productions were sold easily in France and abroad.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animal prices rose in July by 1.0% but decreased by 3.0% over one year. Pig prices slumped by nearly 9% over this period, further to Russian embargo and European competition. Milk prices tumbled by roughly 15% over one year. In 2014, high prices encouraged the farmers to produce more, but since the global demand has slowed, due to lower Chinese demand and Russian embargo.

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

base year: 2010
Indices of producer prices of agricultural products (IPPAP)
weights July 2015 Variation as % over
a month 3 months a year
raw Seasonally adjusted raw
Agricultural goods output 1000 114.0 +1.1 +0.3 –1.6
excluding fruits and vegetables 900 116.3 +2.0 +1.6 –2.0
Crop output (excluding fruits and vegetables) 505 118.7 +2.9 +3.4 +2.1
Cereals 188 116.7 +11.1 +8.8 +6.1
of which soft wheat 112 112.0 +11.8 +6.3 +3.0
grain maize 41 105.6 +11.7 +12.9 +8.7
Potatoes 26 109.7 /// /// –0.6
Wines 177 128.0 –1.8 –1.3 –3.3
Protected designation of origin 84 129.7 –3.4 –2.7 –9.5
other wines 23 154.4 0.0 +1.0 +13.1
Oleaginous 49 104.6 –2.0 +2.1 +18.8
Horticultural products 30 105.6 –0.8 +1.1 –1.0
Other crop products 36 120.4 +1.2 +0.6 +0.1
Fruits and vegetables (1) 100 93.4 /// /// +3.4
Fresh vegetables 53 82.8 /// /// –7.3
Fresh fruits 35 102.7 /// /// +21.2
Animal output 395 113.1 +0.7 –0.7 –7.0
Animals 234 115.8 +1.0 +1.0 –3.0
of which large cattle 96 123.9 +1.7 +3.4 +1.9
calves 26 101.2 –1.2 –6.3 –4.4
pigs 54 115.5 +1.7 +2.3 –8.8
sheep 10 110.8 –1.0 –6.3 –5.3
poultry 46 109.9 –0.1 –0.1 –4.9
of which chicken 28 109.7 –0.2 –0.4 –5.3
Milk 147 107.4 0.0 –5.4 –14.6
of which cow milk (2) 137 107.4 0.0 –5.8 –15.5
Eggs 15 127.7 +2.9 +15.6 +8.9
  • (1) Including vegetables for industry.
  • (2)The price for July is not yet known and therefore is estimated by carrying forward the seasonally adjusted price of June.
  • Sources: Insee - SSP (ministry of agriculture)

The purchase price of means of production decreased in July

In July, intermediate consumption prices slipped again (–0.4% after –0.9%) reflecting the decline in energy prices (–3.7%). Over one year, energy prices lowered noticeably (–14.9%), as well as feed prices (–5.2%). Capital goods prices were virtually stable in July (+0.1%).

means – Purchase prices of the means of agricultural production

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

base year: 2010
Indices of purchase prices of the means of agricultural production (IPAMPA)
weights July 2015 Variation as % over
a month 3 months a year
Total input 1000 109.7 –0.3 –1.0 –2.2
Intermediate consumptions 764 110.8 –0.4 –1.3 –2.9
Energy 100 99.9 –3.7 –4.7 –14.9
Seeds 57 108.7 –0.2 –0.2 +0.4
Fertilisers and soil improvers 92 117.7 –0.1 –4.0 +3.1
Plant protection products 78 100.8 –0.2 –0.2 –0.3
Animal feed 205 117.6 0.0 –0.8 –5.2
Veterinary expenses 43 113.7 +0.2 +0.5 +2.1
Small equipment and tools 17 109.4 +0.7 +1.4 +0.4
Maintenance of materials 67 113.3 +0.2 +0.3 +1.5
Maintenance of buildings 9 106.9 +0.1 +0.1 –0.2
Other goods and services 97 101.7 +0.1 +0.1 –0.2
Goods and services contributing to investment 236 106.5 +0.1 –0.2 +0.3
Material 186 106.9 0.0 –0.3 +0.5
Tractors 79 106.2 0.0 –0.9 +0.6
Machinery and plant for cultivation 36 109.0 +0.1 +0.1 +0.7
Machinery and plant for harvesting 42 107.6 +0.2 +0.3 +0.6
Utility vehicles 18 104.6 –0.1 –0.2 –0.4
Buildings 50 104.9 +0.1 +0.1 –0.4
  • (1) The repayment of the domestic tax on energy products (TICPE) benefiting farmers has been applied in advance for the year 2015
  • Sources: Insee - SSP (ministry of agriculture)