Overall producer prices of agricultural products decreased in SeptemberIndices of agricultural prices - September 2014

In September, overall agricultural producer prices dropped by 2.3 % compared to August; over one year they fell by 5.7 %.

In September, overall agricultural producer prices dropped by 2.3 % compared to August; over one year they fell by 5.7 %.

Cereals prices tumbled even more in September (–8.2 %), due to an ample supply. Indeed, this summer, the huge harvests in the Northern hemisphere of wheat and maize added to the already high stocks.

cereal – Producer prices of cereals

Due to an also sustained global production, oleaginous prices kept on decreasing in September (-11.5 % over one quarter).

Overall prices of wines went down in September (–1.0%). However, they increased by 8.8 % over one year (+12.9 % for PDO wines), as the crops have been weak for two years.

Potatoes prices tumbled almost by half compared to last year : the crops in North-western Europe looked more abundant than last year, due to better yields and the rise of areas under cultiviation.

Fresh fruits prices strongly went down (–23.5 % over one year). Apple prices fell due to an inflated supply this month by an earlier production this year from Northern Europe. On the demand side, the consumers prefered in September summer fruits to apple or pear, due to a persistant summer-like weather. Moreover, the Russian embargo limited the European exportations.

vegetable – Producer prices of vegetables

  • Source : SSP (Ministry of Agriculture

Fresh vegetables prices increased conversely (+10.3 % over one year). Melon and tomatoes prices went significantly up. The bad weather conditions in August reduced the yields of open-air crops, while the return to summer-like weather in september benefited the consumption of these typical summer vegetables.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animal prices declined in September (-2.7 %). Pigs prices plumeted (-10.0 %) : the supply is abundant while the outlets, already limited by the Russian embargo, were also restrained by the international competition. Prices of sheep decreased by 3.0 % as the demand was low. Eggs prices picked up due to a demand pushed up by the traditional return to labor activity in September.

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

Base year 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights Sept. 2014 a month 3 months a year
raw Seasonally adjusted
Agricultural goods output 1000 112.1 –2.3 –4.9 –5.7
excluding fruits and vegetables 900 113.9 –3.0 –5.3 –5.7
Crop output (excluding fruits and vegetables) 503 109.3 –4.5 –7.6 –7.4
Cereals 188 97.3 –8.2 –12.1 –15.1
of which soft wheat 112 93.1 –10.6 –15.2 –17.2
grain maize 41 83.4 –10.3 –17.5 –24.4
Potatoes 26 97.9 /// /// –45.8
Wines 177 128.9 –1.0 –3.9 +8.8
Protected designation of origin 84 137.7 –2.1 –5.7 +12.9
other wines 23 131.7 +1.3 –5.0 +8.6
Oleaginous 49 83.8 –2.8 –11.5 –14.6
Horticultural products 30 106.0 –2.6 –1.5 +0.3
Other crop products 33 122.6 –0.2 –2.2 –2.7
Fruits and vegetables (1) 100 96.2 /// /// –5.2
Fresh vegetables 53 93.4 /// /// +10.3
Fresh fruits 35 94.7 /// /// –23.5
Animal output 397 119.7 –1.2 –2.3 –3.7
Animals 235 116.0 –2.7 –4.9 –8.8
of which large cattle 96 120.5 –0.3 –1.6 –5.7
calves 26 106.7 +1.0 –2.1 +0.3
pigs 54 114.6 –10.0 –14.7 –19.9
sheep 10 114.6 –3.0 –6.3 –5.4
poultry 46 113.7 –1.3 –1.4 –5.7
of which chicken 28 113.9 –1.3 –1.3 –5.9
Milk 147 125.9 0.0 +1.3 +3.8
of which cow milk (2) 137 127.1 0.0 +1.4 +4.1
Eggs 15 116.5 +9.8 +2.8 +7.1
  • (1) Including vegetables for industry.
  • (2) The price for September is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from August
  • Sources: Insee - SSP (ministry of agriculture)

Overall purchase prices of the means of agricultural production went down in September.

In September, intermediate consumptions prices slipped by 0.5%. Feed prices dropped by 1.8 %. Over one year, the prices of those inputs and energy prices decreased by respectively 6.6 % and 4.4 %. Prices of investment goods decreased in September (-0,7 %).

Moyens_prod – Purchase price 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 Sept. 2014 Variation as % over
a month
Total input 1000 111.3 –0.5 –1.4 –1.8
Intermediate consumptions 764 113.2 –0.4 –1.5 –2.3
Energy 100 116.4 +0.1 –1.4 –4.4
Seeds 57 108.8 +0.2 +0.4 +0.5
Fertilisers and soil improvers 92 115.2 +0.8 –1.1 –1.6
Plant protection products 78 101.7 +0.4 +0.5 +0.5
Animal feed 205 120.0 –1.8 –4.5 –6.6
Veterinary expenses 43 112.0 +0.1 +0.6 +2.3
Small equipment and tools 17 109.8 +0.3 +0.9 +0.5
Maintenance of materials 67 111.3 –0.2 0.0 +2.2
Maintenance of buildings 9 106.8 +0.1 +0.1 +0.1
Other goods and services 97 102.4 –0.1 0.0 +1.0
Goods and services contributing to investment 236 105.8 –0.7 –0.8 +0.1
Material 186 105.7 –0.9 –0.8 +0.1
Tractors 79 104.6 –1.8 –1.5 –0.4
Machinery and plant for cultivation 36 107.2 –0.3 –0.9 +1.0
Machinery and plant for harvesting 42 106.5 –0.3 –0.4 –0.6
Utility vehicles 18 105.4 0.0 +0.6 +2.1
Buildings 50 106.2 +0.2 –0.7 –0.2
  • (1) The repayment of the domestic tax on energy products (TICPE) benefiting farmers has been applied in advance for the year 2014
  • Sources: Insee - SSP (ministry of agriculture)