In September 2015, overall agricultural producer prices rose by 1.1 %Indices of agricultural prices - septembre 2015

In September 2015, overall agricultural producer prices rose by 1.1 % compared to the previous month and by 1.6 % over one year

In September 2015, overall agricultural producer prices rose by 1.1 % compared to the previous month and by 1.6 % over one year

Fall in prices of cereals and oleaginous

Cereal prices plummeted again in September (–5.3 %, after –10,0 % in August), due to the abundance of the global supply, noticeably from the Black Sea region for soft wheat and maïze.

cereal – Producer prices of cereals

  • Source : Insee

Oleaginous prices fell by 6.8 % over three months despite a lower rape production at a global scale. The drop in oil price makes indeed the biodiesel price, derived from rape, less attractive.

Rebound in the prices of potatoes

In September, potatoe prices increased by more than 60 % yoy. The 2015 crop reached its long-term average whereas the previous one was exceptional. Conversely, industrial bett price fell by almost 20 % yoy, dragged down by the drop in sugar price.

Rise in the prices of fresh fruits and vegetables

Fresh fruits prices increased sharply over 12 months (+16.5 % yoy), and noticeably apple price : (+ 24.4 %). The low prices last year reflected the congestion in the supply in relation with an abundant European crop and the Russian embargo since August 2014.

Pears prices went up as well because the cooler temperatures this year prompted the automn fruit demand.

vegetable – Producer prices of fresh vegetables

  • Source : SSP (ministry of agriculture)

Fresh vegetables prices increased by 19.0 % yoy. Prices of tomatoes and melons rose due to bad weather conditions, that reduced outdoor growing yields.

Slight downturn in the prices of animals

On a seasonally adjusted basis, prices of animals went down (–0.5 %) this month.

pig – Producer prices of pigs and large cattle

  • Source : Insee

Prices of calves slip by 5 % over one year due to a sluggish consumption. Egg prices jumped (+13.9 % over one year), further to the sharp increase in European exportations towards the United-States: avian flue struck that country last spring and devastated the livestock. Milk prices went down sharply by 13.8 % over one year: in 2014, the high prices and the strong Chinese demand had encouraged American, New Zealand and European farmers to boost their productions, however, since then, the drop in Chinese importations and the Russian embargo had slowed down the global demand.

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

Base year: 2010
Indices of producer prices of agricultural products (IPPAP)
weights Sept. 2015 Variation as % over
a month 3 months a year
raw Seasonally adjusted raw
Agricultural goods output 1000 113.9 +1.1 +0.9 +1.6
excluding fruits and vegetables 900 114.2 -0.0 0.0 +0.3
Crop output (excluding fruits and vegetables) 505 113.3 +0.1 –1.1 +4.4
Cereals 188 99.5 –5.3 –5.2 +2.3
of which soft wheat 112 92.7 –5.1 –7.5 –0.5
grain maize 41 94.7 –5.8 +0.2 +13.6
Potatoes 26 150.1 /// /// +60.6
Wines 177 128.9 +0.6 –1.2 +0.3
Protected designation of origin 84 133.2 +1.2 –1.0 –2.8
other wines 23 148.1 –0.2 –4.1 +12.6
Oleaginous 49 99.5 –1.1 –6.8 +18.7
Horticultural products 30 106.3 –0.4 –0.7 +0.2
Other crop products 36 106.7 –1.1 0.0 –8.0
Fruits and vegetables (1) 100 111.2 /// /// +15.3
Fresh vegetables 53 111.1 /// /// +19.0
Fresh fruits 35 110.4 /// /// +16.5
Animal output 395 115.3 –0.1 +1.5 –4.5
Animals 234 117.1 –0.5 +1.1 +0.9
of which large cattle 96 123.5 –0.3 +1.3 +2.3
calves 26 101.3 +1.1 –0.8 –5.0
pigs 54 118.6 –3.2 +1.3 +3.5
sheep 10 118.4 +3.0 +3.1 +3.3
poultry 46 111.3 +0.6 +1.1 –2.1
of which chicken 28 111.6 +0.9 +1.5 –2.0
Milk 147 110.6 0.0 +1.7 –13.8
of which cow milk (2) 137 110.4 0.0 +1.8 –14.7
Eggs 15 132.7 +5.3 +6.7 +13.9
  • (1) Including vegetables for industry.
  • (2)The price for Sept. is not yet known and therefore is estimated by carrying forward the seasonally adjusted price of August.
  • Sources: Insee - SSP (ministry of agriculture)

Purchase prices of means of production are virtually stable in September

In September, the purchase prices of means of production were virtually stable (–0,1%), notably those of intermediate consumption prices. Prices of animal feed fell (–0,4%) whereas energy prices rebounded in September (+ 0.7 % mom, – 20 % yoy). Capital goods prices declinded by 0.4 %.

means – Purchase prices of the means of agricultural production

  • Sources : Insee et SSP (ministry of Agriculture)

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 Sept. 2015 Variation as % over
a month 3 months a year
Total input 1000 109.2 –0.1 –0.8 –1.8
Intermediate consumptions 764 110.1 –0.1 –1.0 –2.5
Energy 100 95.1 +0.7 –8.4 –18.3
Seeds 57 108.9 0.0 +0.3 +0.4
Fertilisers and soil improvers 92 117.5 +0.1 –0.4 +2.4
Plant protection products 78 100.7 0.0 –0.3 –0.6
Animal feed 205 117.5 –0.4 –0.1 –2.0
Veterinary expenses 43 114.5 –0.1 +0.4 +2.2
Small equipment and tools 17 109.5 –0.1 +0.7 –0.1
Maintenance of materials 67 113.3 0.0 +0.3 +1.8
Maintenance of buildings 9 107.1 +0.1 +0.3 –0.1
Other goods and services 97 101.4 –0.1 0.0 –0.4
Goods and services contributing to investment 236 106.6 –0.4 +0.1 +0.9
Material 186 107.2 –0.4 +0.2 +1.3
Tractors 79 107.0 –0.5 +0.8 +2.3
Machinery and plant for cultivation 36 109.4 –0.1 +0.4 +1.6
Machinery and plant for harvesting 42 107.1 –0.6 –0.7 +0.2
Utility vehicles 18 104.3 –0.5 –0.4 –0.7
Buildings 50 104.7 0.0 –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)