Overall producer prices of agricultural products increased in NovemberIndices of agricultural prices - November 2014

Cereal prices kept on rallying in November (+7.4 % after 5.4 %). The exportation demand for French wheat was strong while the traders reacted bullishly to the persistent geopolitical tension in Ukraine and to the cold snap in the United-States. The feed demand for maïze was robust.

In November, overall agricultural producer prices rose (+2.3 % after +0.8 %) ; over one year they dropped by 4.5 %.

Cereal prices kept on rallying in November (+7.4 % after 5.4 %). The exportation demand for French wheat was strong while the traders reacted bullishly to the persistent geopolitical tension in Ukraine and to the cold snap in the United-States. The feed demand for maïze was robust.

cereal – Producer prices of cereals

  • Source : Insee

Oleaginous prices went up again (+5.2 % after +3.1 %) Prices increased due to the strength of the demand for livestock meals. Moreover, logistical problems in the United-States delayed the deliveries, thus creating supply tightness.

Wine prices rose by 5.3 % over one year as the crop of 2013, still on sale, was weak.

Potato prices tumbled compared to last year (–41.1 %): 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 decreasing was strong again in November (-13.5 % over one year after –16.5%). 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 in order to be able to sell them up.

vegetable – Producer prices of vegetables

Fresh vegetables prices slightly went up in November (+2.8 % year-over-year). The consumers continued to favor summer-vegetables (noticeably tomatoes). Chicory prices increased due to a observed fall in the production as the grown areas had been reduced.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animal prices were almost stable in November (+0.2 %). Pig prices went up in November (+2.3 %) but stayed low (-11.1 % over the quarter), due to the sanitary Russian embargo established in January and North-European competition. Egg prices surged (+12.3 %) due to exportation outlets to countries experiencing under-capacity productions (Germany, United Kingdom and Benelux).

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

Base year: 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights Nov. 2014 a month 3 months a year
raw Seasonally adjusted
Agricultural goods output 1000 113.7 +2.3 +0.3 –4.5
excluding fruits and vegetables 900 115.1 +2.2 –0.6 –4.5
Crop output (excluding fruits and vegetables) 505 115.6 +3.5 +1.0 –4.8
Cereals 188 110.3 +7.4 +4.0 –7.8
of which soft wheat 112 106.3 +8.2 +2.1 –13.0
grain maize 41 88.3 +4.8 –5.0 –17.0
Potatoes 26 99.5 /// /// –41.1
Wines 177 130.8 +0.8 +0.5 +5.3
Protected designation of origin 84 137.6 +1.2 –2.2 +5.9
other wines 23 146.1 +1.1 +12.4 +15.0
Oleaginous 49 90.9 +5.2 +5.5 –10.2
Horticultural products 30 108.0 +0.1 –2.9 –0.5
Other crop products 36 119.7 +0.4 –0.3 –0.5
Fruits and vegetables (1) 100 101.2 /// /// –3.8
Fresh vegetables 53 94.8 /// /// +2.8
Fresh fruits 35 107.2 /// /// –13.5
Animal output 395 114 .5 +0.6 –2.7 –4.2
Animals 234 111.0 +0.2 –4.2 –7.7
of which large cattle 96 115.0 –0.5 –3.0 –6.9
calves 26 109.5 +1.5 +3.7 –2.7
pigs 54 102.2 +2.3 –11.1 –14.7
sheep 10 122.3 +2.3 +1.8 +0.8
poultry 46 111.0 –1.4 –3.6 –6.0
of which chicken 28 110.7 –1.7 –4.1 –6.5
Milk 147 118.9 0.0 -2.3 +0.6
of which cow milk (2) 137 119.0 0.0 -2.5 +0.5
Eggs 15 127.2 +12.3 +19.9 +4.7
  • (1) Including vegetables for industry.
  • (2) The price for November is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from October
  • Sources: Insee - SSP (ministry of agriculture)

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

In November, intermediate consumptions prices have been slipping for six months (-0.5 % in November, –3.2 % over six month). Energy prices decreased by 2.6 % this month. Over one year, energy and feed prices noticeably stepped back (respectively –8.1 % et –7.0 %). Investment prices dipped in November (–0.2 %).

means – Purchase price of the means of agricultural production

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 Nov. 2014 Variation as % over
a month 3 months a year
Total input 1000 110.2 –0.4 –1.4 –2.0
Intermediate consumptions 764 111.5 –0.5 –1.7 –2.5
Energy 100 109.4 –2.6 –6.0 –8.1
Seeds 57 108.5 –0.1 0.0 0.0
Fertilisers and soil improvers 92 116.8 +0.6 +2.2 +3.1
Plant protection products 78 101.5 0.0 +0.2 –0.1
Animal feed 205 116.9 –0.8 –4.3 –7.0
Veterinary expenses 43 112.3 +0.1 +0.3 +2.3
Small equipment and tools 17 109.8 –0.1 +0.4 0.0
Maintenance of materials 67 111.6 +0.1 +0.1 +2.3
Maintenance of buildings 9 107.1 +0.2 +0.3 +0.3
Other goods and services 97 101.7 0.0 –0.1 +0.2
Goods and services contributing to investment 236 106.2 –0.2 –0.4 –0.2
Material 186 106.2 –0.1 –0.5 –0.2
Tractors 79 105.7 –0.2 –0.8 –1.4
Machinery and plant for cultivation 36 108.3 +0.5 +0.2 +2.1
Machinery and plant for harvesting 42 106.5 –0.3 –0.6 –0.7
Utility vehicles 18 104.3 –0.7 –0.9 +1.1
Buildings 50 106.0 –0.2 0.0 –0.2
  • (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)