Overall producer prices of agricultural products decreased in AugustIndices of agricultural prices - August 2014

In August, overall agricultural producer prices dropped by 1.6 % compared to July; over one year they fell by 4.4 %.

In August, overall agricultural producer prices dropped by 1.6 % compared to July; over one year they fell by 4.4 %.

Due to abundant global availabilities, cereal prices kept on decreasing in August, showing a drop of 7.1 % over three months. The huge crops of wheat and maïze, in Europe and in the United States, added up to the already high stocks.

cereal – Producer prices of cereals

Also as a result of a global sustained production, oleaginous prices continued to decrease in August (–13.3 % over the quarter).

Overall prices of wines increased by 11.3 % over one year (and by 16.8 % for PDO wines), further to the drop in crops for the last two years.

Potato prices tumbled by half compared to last year. 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 (–22.1 %). Apricots and peaches abounded as their productions recovered this year, while their consumptions were moderate in relation to the dull weather this summer. The summer-pear sold sluggishly : the supply this year was too early to fully meet the demand, while the Russian embargo limited the outlets (Russia is one of the main outlet for the French summer-pear).

vegetable – Producer prices of vegetables

  • Source : SSP (Ministry of Agriculture)

Prices for fresh vegetables rose slightly (+3.1 %) in August. Melon prices surged because of reduced yields due to the dull weather. However, it seemed that the dull weather did not dampen its consumption. Conversely, it penalised the demand for other fresh summer-vegetables which are eaten raw, such as tomatoes or cucumbers ; and encouraged the shift to the courgette, which is eaten cooked.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animal prices still decreased in August (–4.4 % over one quarter). The drop in pig prices was significant in August (-4.6 %) : the supply faced the North-European competition while the Russian embargo limited the outlets. Beef consumption was sluggish; this was reflected by a significant fall in cattle prices over one year (-6.3 %).

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

Base year 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights Aug. 2014 a month 3 months a year
raw Seasonally adjusted raw
Agricultural goods output 1000 114.7 –1.6 –3.8 –4.4
excluding fruits and vegetables 900 117.3 –1.5 –3.8 –4.1
Crop output (excluding fruits and vegetables) 503 114.4 –1.8 –5.0 –5.4
Cereals 188 106.0 –3.6 –7.1 –8.5
of which soft wheat 112 104.1 –4.3 –9.5 –6.5
grain maize 41 93.0 –4.3 –9.2 –21.0
Potatoes 26 117.3 /// /// –50.2
Wines 177 130.5 –1.5 –2.4 +11.3
Protected designation of origin 84 141.4 –1.4 –3.9 +16.8
other wines 23 129.8 –4.9 –1.4 +8.7
Oleaginous 49 86.2 –2.0 –13.3 –10.8
Horticultural products 30 107.1 +0.2 +1.9 +2.0
Other crop products 33 122.8 –0.9 –2.1 –6.2
Fruits and vegetables (1) 100 90.6 /// /// –7.9
Fresh vegetables 53 86.9 /// /// +3.1
Fresh fruits 35 90.1 /// /// –22.1
Animal output 397 121.0 –1.2 –2.3 –2.5
Animals 235 118.9 –1.6 –4.4 –6.6
of which large cattle 96 122.7 –0.6 –2.7 –6.3
calves 26 105.7 +0.1 –5.2 +0.8
pigs 54 123.2 –4.6 –10.4 –11.2
sheep 10 115.6 –3.6 –5.5 –4.0
poultry 46 115.1 –0.4 –0.1 –5.8
of which chicken 28 115.4 –0.4 +0.1 –5.9
Milk 147 125.7 0.0 +0.8 +3.0
of which cow milk (2) 137 127.2 0.0 +0.8 +3.2
Eggs 15 107.6 –7.5 +3.0 +14.9
  • (1) Including vegetables for industry.
  • (2) The price for August is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from July
  • Sources: Insee - SSP (ministry of agriculture)

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

Intermediate consumptions prices slipped by 0.5 % this month. Over one year, feed prices dropped by 6.6 %. Prices of investment goods increased slightly in August (+0.2 %).

means – 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 Aug. 2014 Variation as % over
a month 3 months a year
Total input 1000 112.0 –0.3 –1.1 –1.7
Intermediate consumptions 764 113.8 –0.5 –1.4 –2.4
Energy 100 116.4 –1.0 –0.3 –3.6
Seeds 57 108.7 +0.1 –0.3 +0.5
Fertilisers and soil improvers 92 115.1 +0.1 –3.8 –3.3
Plant protection products 78 101.3 +0.1 0.0 +0.3
Animal feed 205 122.2 –1.4 –3.2 –6.6
Veterinary expenses 43 112.1 +0.6 +0.9 +2.6
Small equipment and tools 17 109.5 +0.4 +1.3 –0.4
Maintenance of materials 67 111.5 –0.1 +0.3 +2.5
Maintenance of buildings 9 106.7 0.0 0.0 +0.1
Other goods and services 97 102.5 0.0 +0.1 +1.0
Goods and services contributing to investment 236 106.6 +0.2 –0.1 +1.0
Material 186 106.8 +0.4 +0.2 +1.4
Tractors 79 106.5 +0.9 –0.1 +1.4
Machinery and plant for cultivation 36 108.3 –0.1 +0.7 +2.3
Machinery and plant for harvesting 42 106.8 –0.1 –0.2 +0.5
Utility vehicles 18 105.4 +0.4 +0.9 +2.3
Buildings 50 106.0 –0.3 –1.0 –0.7
  • (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)