Overall producer prices of agricultural products decreased in JulyIndices of agricultural prices - July 2014

In July, overall agricultural producer prices dropped by 1.1 % compared to June; over one year they fell by 5.4 %.

Informations rapides
No 199
Paru le : 29/08/2014
Prochaine parution le : 29/09/2017 at 12:00 - August 2017

In July, overall agricultural producer prices dropped by 1.1 % compared to June; over one year they fell by 5.4 %.

Cereal prices have been decreasing for three months, as they showed in July a drop of almost 10 % compared to last April, due to abundant availabilities. The huge crops of wheat and maïze, in Europe and in the United States, will indeed add up to the already high stocks.

cereal – Producer prices of cereals

Oleaginous prices went down in July (–7.1 %). Rape prices, the main grain grown in France, sharply decreased as a result of a rising global production of oleaginous.

Overall prices of wines increased by 12.2 % over one year (and by 18.2 % for PDO wines), further to the drop in crops for the last two years.

Potato prices tumbled compared to last year (-49.8 %). This was a return to normal as the last but one crop, in 2012, had been particularly weak in North-Western Europe.

Fresh fruit prices dropped year-over-year (–25.9 %). Apricots and peaches abounded as their productions recovered this year, whereas the rainy weather during July did not encourage their consumptions. In addition, the competition from Southern Europe limited the exportation outlets and the Spanish peaches flooded the French market.

vegetable – Producer prices of vegetables

Fresh vegetables prices went down year-over-year (–12.3 %). The dull weather of July slowed down the consumption of summer vegetables. Tomato prices plumeted, while those of cucumber and melon fell more moderately due to climate hazard that affected their yields.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animal prices decreased in July (-0.7 % over one month, –3.6 % over one quarter). The Russian embargo on European pig kept weighting on prices (-6.4% over one quarter). Households moderately consumed veal and beef, which resulted in significant drops in prices of these animals over one quarter (respectively -7.0 % and –3.3 %).

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

Base year 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights July 2014 a month 3 months a year
raw Seasonally adjusted raw
Agricultural goods output 1000 116.1 –1.1 –4.0 –5.4
excluding fruits and vegetables 900 118.7 –0.9 –3.9 –4.4
Crop output (excluding fruits and vegetables) 503 116.6 –1.3 –5.5 –6.3
Cereals 188 110.0 –0.6 –9.7 –10.7
of which soft wheat 112 108.8 –1.0 –11.5 –6.6
grain maize 41 97.1 –4.0 –11.8 –27.0
Potatoes 26 112.0 /// /// –49.8
Wines 177 132.4 –1.3 +0.2 +12.2
Protected designation of origin 84 143.4 –1.9 –0.6 +18.2
other wines 23 136.6 –1.4 +4.0 +9.7
Oleaginous 49 88.0 –7.1 –16.2 –17.6
Horticultural products 30 106.6 +0.9 +3.2 +2.2
Other crop products 33 124.1 –0.9 –0.3 –5.7
Fruits and vegetables (1) 100 93.1 /// /// –15.9
Fresh vegetables 53 95.1 /// /// –12.3
Fresh fruits 35 84.7 /// /// –25.9
Animal output 397 121.4 –0.2 –1.7 –2.0
Animals 235 119.4 –0.7 –3.6 –6.1
of which large cattle 96 121.7 –0.8 –3.3 –9.0
calves 26 105.9 –3.1 –7.0 –0.9
pigs 54 126.6 –0.6 –6.4 –4.5
sheep 10 117.0 +0.3 –0.9 –0.6
poultry 46 115.6 +0.2 +0.4 –5.8
of which chicken 28 115.9 +0.4 +0.5 –5.8
Milk 147 124.8 0.0 –0.1 +2.8
of which cow milk (2) 137 126.4 0.0 0.0 +2.9
Eggs 15 119.2 +5.0 +14.2 +24.5
  • (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 from June
  • Sources: Insee - SSP (ministry of agriculture)

Purchase prices of the means of agricultural production in July.

Intermediate consumptions prices slipped by 0.5% in July. Over one year fertilisers and animal feed prices decreased roughly by respectively 4 % and 7 %. Investment prices were stable in July.

means – Purchase price of the means of agricultural production

  • Sources : Insee - SSP (ministry of agriculture)

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

Base 100 en 2010
Indices of purchase prices of the means of agricultural production (IPAMPA)
weights July 2014 Variation as % over
a month 3 months a year
Total input 1000 112.4 –0.4 –0.7 –1.7
Intermediate consumptions 764 114.3 –0.5 –0.9 –2.5
Energy 100 117.7 –0.1 +0.5 –1.1
Seeds 57 108.7 +0.2 –0.2 +0.8
Fertilisers and soil improvers 92 115.1 –1.5 –3.7 –4.1
Plant protection products 78 101.1 –0.2 0.0 +0.1
Animal feed 205 124.0 –1.3 –1.8 –7.2
Veterinary expenses 43 111.5 0.0 +0.5 +2.1
Small equipment and tools 17 109.0 +0.2 +1.0 –0.4
Maintenance of materials 67 111.6 +0.3 +0.3 +2.6
Maintenance of buildings 9 106.7 +0.1 –0.1 0.0
Other goods and services 97 101.9 +0.1 0.0 +0.4
Goods and services contributing to investment 236 106.7 0.0 0.0 +0.8
Material 186 106.8 +0.2 +0.1 +1.3
Tractors 79 106.4 0.0 –0.5 +0.9
Machinery and plant for cultivation 36 108.2 0.0 +0.6 +2.8
Machinery and plant for harvesting 42 107.0 0.0 +0.1 +0.6
Utility vehicles 18 105.9 +1.4 +1.1 +2.6
Buildings 50 106.3 –0.6 –0.5 –1.0
  • (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)