Overall agricultural producer prices stability in january 2015Indices of agricultural prices - January 2015

In January 2015, overall agricultural producer prices were stable; over one year they dropped by 4.0 %.

In January 2015, overall agricultural producer prices were stable; over one year they dropped by 4.0 %.

Cereal prices stabilized in January after the rally of the three last previous month. The abundant supply weighed on prices but was offset by bullish factors: the decline of the euro against the dollar supported the euro prices, the war in Ukraine resulted in a reduction in the international supply and taxation by Russia of wheat exports made the international prices react upwardly.

cereal – Producer prices of cereals

  • Source : Insee

In January oilseed prices rose (+ 2.3% after 2.7%). The price of rapeseed increases mainly due to the decline in the euro and to anticipations of the next crop at a low level in Europe.

Wine prices increased by 1.5 % over one year. The last crop was normal, except in the Languedoc-Roussillon region which was struck by bad weather. So, the prices of common wines, massively produced in this region, rose significantly (+14.4 % over one year).

Potato prices tumbled compared to last year (–38.5 %): the crops in North-Western Europe looked more abundant than last year, due to better yields and the rise in areas under cultivation.

Fresh fruits prices went down in December (-5.3 % over one year). Apples and pears prices decreased : the commercial Russian embargo, estabished last August, led to the saturation of the other European markets.

vegetable – Producer prices of vegetables

  • Source : SSP (ministry of agriculture)

Prices for fresh vegetables surged in January (+20.3% over one year after-0.2%). Endive prices rose sharply due to the reduction by one third in planted areas. Salads prices also increased: the weather conditions in the South-East, the main producing region in winter, reduced yields. The cauliflower prices also went up due to strong demand coupled with the decline in production.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animal prices were virtually unchanged in January (-0.2%). They fell by 7.5% year on year. Pork prices tumbled (-16.5% year over year) due to the sanitary Russian embargo established in January 2014. The price of poultry decreased year on year (-6.0%) under the pressure of foreign competition. On the contrary, the price of sheep increased year-over-year (+ 3.4%), due to the decline in global production in particular from Oceania. The price of milk decreased (-8.9% yoy) due to the loss of the Russian market since August for dairy products and to the worldly rise in milk production.

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

Base year: 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights Jan. 2015 a month 3 months a year
raw Seasonally adjusted raw
Agricultural goods output 1000 113.7 0.0 +2.4 –4.0
excluding fruits and vegetables 900 114.8 –0.4 +2.0 –5.0
Crop output (excluding fruits and vegetables) 505 116.0 –0.2 +4.6 –3.0
Cereals 188 116.1 –0.1 +13.1 +0.9
of which soft wheat 112 115.1 +1.2 +17.2 –1.4
grain maize 41 92.2 –3.3 +9.4 –11.1
Potatoes 26 94.6 /// /// –38.5
Wines 177 129.1 –0.5 –1.9 +1.5
Protected designation of origin 84 133.2 –1.2 –2.1 –1.3
other wines 23 148.4 +1.0 +2.7 +14.4
Oleaginous 49 95.5 +2.3 +10.4 –1.0
Horticultural products 30 108.5 –0.7 –0.7 –1.3
Other crop products 36 119.1 –1.0 +0.7 –1.7
Fruits and vegetables (1) 100 104.0 /// /// +7.3
Fresh vegetables 53 100.6 /// /// +20.3
Fresh fruits 35 105.7 /// /// –5.3
Animal output 395 113.1 –0.7 –1.1 –7.4
Animals 234 110.0 –0.2 –0.2 –7.5
of which large cattle 96 116.5 –0.3 0.0 –5.6
calves 26 110.9 –1.4 +2.7 –3.4
pigs 54 96.2 0.0 –0.1 –16.5
sheep 10 123.2 +0.2 +3.2 +3.4
poultry 46 108.8 0.0 –3.3 –6.0
of which chicken 28 108.7 +0.2 –3.5 –6.0
Milk 147 116.8 0.0 –3.7 –8.9
of which cow milk (2) 137 117.0 0.0 –4.0 –9.6
Eggs 15 126.3 –12.0 +12.0 +10.9
  • (1) Including vegetables for industry.
  • (2) The price for January is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from December

Overall purchase prices of the means of agricultural production virtually unchanged

In January, intermediate consumptions prices have been slipping for nine months (–4,6 %). Energy prices fell by almost 20 % over one year. Feed prices increased a little in January (+0.4 %) but noticeably decreased over one year (–7.2 %). Investment goods prices were virtually stable this month (+0.1 %).

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 year: 2010
Indices of purchase prices of the means of agricultural production (IPAMPA)
weights Jan. 2015 Variation as % over
a month 3 months a year
Total input 1000 109.0 –0.1 –1.3 –3.2
Intermediate consumptions 764 110.0 –0.2 –1.8 –4.0
Energy 100 95.5 –5.1 –15.0 –19.8
Seeds 57 108.7 +0.4 +0.3 +0.3
Fertilisers and soil improvers 92 119.6 +1.8 +3.2 +4.9
Plant protection products 78 99.7 –0.6 –1.6 –0.6
Animal feed 205 116.8 +0.4 –0.8 –7.2
Veterinary expenses 43 113.2 +0.8 +0.9 +2.2
Small equipment and tools 17 108.1 –1.7 –1.5 –0.6
Maintenance of materials 67 112.3 +0.5 +0.7 +1.4
Maintenance of buildings 9 106.9 0.0 –0.2 0.0
Other goods and services 97 101.8 +0.1 +0.1 +0.1
Goods and services contributing to investment 236 106.3 +0.1 +0.2 –0.4
Material 186 106.6 +0.1 +0.3 –0.2
Tractors 79 106.1 +0.4 +0.2 –1.3
Machinery and plant for cultivation 36 109.0 0.0 +1.2 +1.5
Machinery and plant for harvesting 42 106.7 –0.2 +0.1 –0.2
Utility vehicles 18 104.9 –0.2 0.0 +1.6
Buildings 50 105.0 0.0 –0.4 –1.5
  • (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)