Overall producer prices of agricultural products rallied in OctoberIndices of agricultural prices - Octobre 2014

In October, overall agricultural producer prices picked up, increasing by 0.8 % compared to September; over one year they fell by 5.3 %.

Informations rapides
No 275
Paru le : 28/11/2014
Prochaine parution le : 29/09/2017 at 12:00 - August 2017

In October, overall agricultural producer prices picked up, increasing by 0.8 % compared to September; over one year they fell by 5.3 %.

Cereal prices picked up in October (+5.6 % after –8.2 %). The french soft wheat prices rallied because denominated in euros and the euro decreased versus the dollar. The price of durum wheat have been surging, showing an increase by more than 50% (over six month), reflecting a sharp fall of the production.

cereal – Producer prices of cereals

Oleaginous prices went up by 3.1 %, partly driven by a french rape demand that increased, due to the fall of the exchange rate of the euro versus the dollar. Furthermore, the Canadian rape crop was revised downwards, which has increased the demand to France.

Overall wines prices went up in Octobre (+1.0 % after –1.0 %). Over one year, their significant rise (+5.4 %) reflected the weakness of the last two crops (in 2012 and 2013).

Potatoes prices tumbled almost by half compared to last year : the crops in North-western Europe looked more abundant than last year, due to better yields and the rise of areas under cultivation.

French fruits decreased over one year (–16.8 % after –23.5%). Apple prices and pear prices dropped as a result of the European competition and the commercial Russian embargo established in August. The former suppliers of Russia indeed sold their stocks at low prices for fear of not being able to sell them up.

vegetable – Producer prices of vegetables

  • Source : SSP (Ministry of Agriculture)

Fresh vegetable prices increased (+14.0 % over one year). The consumers kept favoring summer vegetables (tomatoes, concumbers and courgettes) in relation with the good weather in Octobrer, despite of the reducing quantities at the end of the season. Chicory prices increased due a planned fall : the growed areas had been reduced.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animal prices kept on declining in October (–1.7 % after –2.7%). Pig prices plummeted (-17.2 % over the quarter), due to the sanitary Russian embargo established in January whose impact has been increasing.

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

Base year: 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights Oct. 2014 a month 3 months a year
raw Seasonally adjusted
Agricultural goods output 1000 111.9 +0.8 –2.9 –5.3
excluding fruits and vegetables 900 113.5 +0.7 –3.6 –5.7
Crop output (excluding fruits and vegetables) 505 111.6 +2.3 –4.3 –6.8
Cereals 188 102.7 +5.6 –6.7 –12.5
of which soft wheat 112 98.2 +5.5 –9.7 –17.4
grain maize 41 84.3 +1.1 –13.2 –20.4
Potatoes 26 95.1 /// /// –43.8
Wines 177 129.7 +1.0 –2.0 +5.4
Protected designation of origin 84 136.0 –0.8 –5.2 +5.6
other wines 23 144.5 +9.8 +5.8 +17.0
Oleaginous 49 86.4 +3.1 –1.8 –12.9
Horticultural products 30 105.8 –0.5 –2.8 –0.7
Other crop products 36 119.0 –0.6 –1.7 +0.6
Fruits and vegetables (1) 100 98.1 /// /// –0.9
Fresh vegetables 53 90.8 /// /// +14.0
Fresh fruits 35 103.8 /// /// –16.8
Animal output 395 115.9 –1.1 –2.8 –4.3
Animals 234 112.3 –1.7 –5.8 –8.5
of which large cattle 96 116.9 –2.2 –3.0 –6.7
calves 26 107.8 +1.1 +2.2 –1.8
pigs 54 104.5 –3.5 –17.2 –18.3
sheep 10 118.4 +2.6 –4.0 –1.0
poultry 46 112.6 –1.0 –2.6 –5.4
of which chicken 28 112.7 –1.1 –2.8 –5.7
Milk 147 121.8 0.0 +2.1 +2.1
of which cow milk (2) 137 122.2 0.0 +2.2 +2.2
Eggs 15 113.7 –2.4 –3.1 +1.5
  • (1) Including vegetables for industry.
  • (2) The price for October is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from September
  • Sources: Insee - SSP (ministry of agriculture)

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

In October, intermediate consumptions prices slipped again (-0.8 % after -0.5 %). Feed and energy prices decreased (respectively -1.7 % and -3.4 %). Over one year, the prices of those inputs dropped noticeably (–6.9 % and –5.3 %). On the other hand, prices of investment goods rallied (+0.4 % after -0.7 %), noticeably those of tractors (+1.2 % after –1.8%).

means – Purchase price of the means of agricultural production

  • Sources : INSEE and 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 Oct. 2014 Variation as % over
a month 3 month a year
Total input 1000 110.7 –0.6 –1.3 –1.7
Intermediate consumptions 764 112.2 –0.8 –1.7 –2.2
Energy 100 112.5 –3.4 –4.2 –5.3
Seeds 57 108.8 –0.1 +0.4 +0.3
Fertilisers and soil improvers 92 115.9 +0.7 +1.4 +1.2
Plant protection products 78 101.6 0.0 +0.4 +0.3
Animal feed 205 117.9 –1.7 –4.9 –6.9
Veterinary expenses 43 112.2 +0.2 +0.8 +2.2
Small equipment and tools 17 110.0 +0.2 +0.8 +0.1
Maintenance of materials 67 111.5 +0.2 –0.1 +2.4
Maintenance of buildings 9 106.9 +0.1 +0.2 +0.2
Other goods and services 97 102.4 0.0 –0.1 +0.8
Goods and services contributing to investment 236 106.3 +0.4 0.0 –0.2
Material 186 106.3 +0.5 0.0 –0.2
Tractors 79 105.9 +1.2 +0.3 –1.3
Machinery and plant for cultivation 36 107.8 +0.1 –0.4 +1.5
Machinery and plant for harvesting 42 106.5 –0.3 –0.4 –0.6
Utility vehicles 18 105.4 0.0 +0.4 +2.0
Buildings 50 106.2 0.0 –0.1 –0.1
  • (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)