31 March 2015
2015- n° 78Decrease in overall agricultural producer prices in February 2015 Indices of agricultural prices - February 2015
In February, agricultural prices fell by 1.1% compared to January and 5.4% year on year.
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.
graphiquecereal – 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.
graphiquevegetable – 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.
graphiquepig – 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.
tableauTab1 – 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%).
graphiquemeans – Purchase price of the means of agricultural production
- Sources : Insee - SSP (ministry of agriculture)
tableauTab2 – 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)
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Time series : Indices of agricultural prices
