31 October 2014
2014- n° 254Overall producer prices of agricultural products decreased in September Indices 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.
graphiquecereal – 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.
graphiquevegetable – Producer prices of vegetables
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.
graphiquepig – 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.
tableauTab1 – 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 %).
graphiqueMoyens_prod – Purchase price of the means of agricultural production
tableauTab2 – 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)
Documentation
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Time series : Indices of agricultural prices