Decrease in overall agricultural producer prices in February 2015Indices of agricultural prices - February 2015

In February, agricultural prices fell by 1.1% compared to January and 5.4% year on year.

Informations rapides
No 78
Paru le : 31/03/2015
Prochaine parution le : 29/09/2017 at 12:00 - August 2017

In February, agricultural prices fell by 1.1% compared to January and 5.4% year on year.

Cereal prices declined in February (-5.2%). The abundant supply continued to weigh on prices, especially since the announcement of a record world production in 2014 / 2015. The recent depreciation of the ruble and the Ukrainian currency also added to the price decline in euro. The price of Russian wheat was competitive despite the export tax which was introduced to contain its exports.

cereal – Producer prices of cereals

  • Source : Insee

In February, oilseed prices grow (+1.7% after +2.3%): the rapeseed price increased notably due to expectations of a reduced size of the crop in Europe.

Wine prices stabilized over the year (+ 0.1%). The last harvest was good, except in the Languedoc-Roussillon, affected by the weather. So, the prices of common wines, massively produced in this region, rose significantly (+ 12.9% yoy).

The price of potato plumeted from the previous year (–32.5%): crops in North-West Europe were more abundant in 2014 than in 2013, due to higher yields.

Fresh fruit prices declined in February (-2.5% yoy). The apple prices fell: the Russian commercial embargo instituted in August led to the saturation of other European markets.

vegetable – Producer prices of vegetables

Price of vegetables surged in February (+24.1% yoy, after +20.3%). Endive price rose sharply due to the reduction of more than a quarter in surfaces of planted areas. Salads prices also increased: the weather conditions in the south-east, the main producing region during winter, affected the yields while the Spanish competition was moderate. The cauliflower price went up too, due to a strong demand coupled with the decline in production.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, livestock prices went on slipping in February (-0.2% as in January), and significantly decreased year on year (-6.0%). Pork prices fall over the period (-10.6%) due to the Russian sanitary embargo. Cattle prices also decreased (-5.7% yoy) due to an eroding consumption. Milk prices fell over the year (-18.6%): global demand slowed in 2014 and the Russian embargo forced some neighboring countries (Belgium and Germany) to sell their surplus at low prices.

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

Base year: 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights Feb. 2015 a month 3 months a year
raw Seasonally adjusted raw
Agricultural goods output 1000 111.5 –1.1 –2.1 –5.4
excluding fruits and vegetables 900 112.4 –1.2 –2.5 –6.8
Crop output (excluding fruits and vegetables) 505 115.3 –1.9 –0.4 –3.9
Cereals 188 110.1 –5.2 –0.2 –4.0
of which soft wheat 112 108.5 –5.7 +2.1 –6.5
grain maize 41 90.7 –1.6 +2.7 –12.8
Potatoes 26 92.4 /// /// –32.5
Wines 177 129.3 –0.1 –1.4 +0.1
Protected designation of origin 84 133.4 –0.2 –3.1 –3.5
other wines 23 148.6 +0.1 +1.7 +12.9
Oleaginous 49 97.1 +1.7 +6.8 –4.4
Horticultural products 30 111.0 +0.1 –0.5 –0.6
Other crop products 36 119.0 +0.4 –0.4 –2.5
Fruits and vegetables (1) 100 103.5 /// /// +10.2
Fresh vegetables 53 99.5 /// /// +24.1
Fresh fruits 35 104.8 /// /// –2.5
Animal output 395 108.6 –0.2 –5.2 –10.4
Animals 234 110.9 –0.2 –0.3 –6.0
of which large cattle 96 117.3 –0.4 +0.3 –5.7
calves 26 111.6 +0.5 +1.7 –3.7
pigs 54 99.0 –0.7 –2.2 –10.6
sheep 10 119.1 +1.1 +2.7 +7.1
poultry 46 109.1 +0.2 –1.7 –5.7
of which chicken 28 109.3 +0.6 –1.3 –5.4
Milk 147 103.5 0.0 –12.9 –18.6
of which cow milk (2) 137 103.1 0.0 –13.7 –19.8
Eggs 15 122.7 –2.8 –5.0 +9.4
  • (1) Including vegetables for industry.
  • (2) The price for February is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from January

The purchase price of the means of production increases in February

Prices of intermediate consumtions rallied in February (+1.3%) due to the recovery in energy prices this month following the decline of these recent months (-13.5% yoy). Feed prices rebounded (+0.8%, -6.4% yoy). Investment prices were almost stable (+ 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 Feb. 2015 Variation as % over
a month 3 months a year
Total input 1000 110.2 +1.1 +0.2 –2.3
Intermediate consumptions 764 111.5 +1.3 +0.1 –2.9
Energy 100 102.7 +7.5 –6.2 –13.5
Seeds 57 108.8 +0.1 +0.6 +0.4
Fertilisers and soil improvers 92 121.6 +1.5 +4.3 +4.2
Plant protection products 78 99.9 +0.2 –1.3 –0.1
Animal feed 205 117.8 +0.8 +1.2 –6.4
Veterinary expenses 43 113.3 +0.1 +0.9 +2.4
Small equipment and tools 17 107.5 –0.6 –1.9 –1.2
Maintenance of materials 67 112.8 +0.5 +1.1 +1.5
Maintenance of buildings 9 106.9 0.0 0.0 +0.1
Other goods and services 97 102.1 0.0 +0.2 +0.3
Goods and services contributing to investment 236 106.5 +0.1 +0.5 –0.1
Material 186 106.9 +0.2 +0.7 +0.2
Tractors 79 106.3 +0.2 +0.7 –0.4
Machinery and plant for cultivation 36 109.5 +0.2 +1.3 +1.6
Machinery and plant for harvesting 42 106.8 +0.1 +0.1 –0.1
Utility vehicles 18 104.9 –0.1 +0.5 –0.4
Buildings 50 105.0 0.0 0.0 –1.3
  • (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)