18 December 2014
2014- n° 290Overall producer prices of agricultural products increased in November Indices 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.
graphiquecereal – 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.
graphiquevegetable – 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.
graphiquepig – 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).
tableauTab1 – 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 %).
graphiquemeans – Purchase price of the means of agricultural production
tableauTab2 – 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)
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Time series : Indices of agricultural prices
