28 November 2014
2014- n° 275Overall producer prices of agricultural products rallied in October Indices 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 %.
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.
graphiquecereal – 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.
graphiquevegetable – 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.
graphiquepig – 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.
tableauTab1 – 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%).
graphiquemeans – Purchase price of the means of agricultural production
- Sources : INSEE and SSP (ministry of agriculture)
tableauTab2 – 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)
Documentation
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Time series : Indices of agricultural prices
