30 April 2015
2015- n° 108Increase in overall agricultural producer prices in March 2015 Indices of agricultural prices - mars 2015
In March 2015, overall agricultural prices rebounded by 0.4 % relatively to February ; over one year they decreased by 6.7 %
In March 2015, overall agricultural prices rebounded by 0.4 % relatively to February ; over one year they decreased by 6.7 %
Overall cereal prices slipped in March (-0.7% after –5.2%), despite the plunge in the price of durum wheat (almost 15%). The high prices of this cereal in 2014 had prompted the farmers to switch to this growing, thus suggesting a more abundant supply this year than in previous years. As for soft wheat and maïze, their prices were firm due to a competitive euro against the dollar, despite the abundance of the supply.
graphiquecereal – Producer prices of cereals
In March, oleaginous prices kept going up (+3.5% after +1.7%) : rape became more expensive as a result of cuts in grown area and therefore a lower expected harvest in Europe.
Wine prices dipped over one year (-1.5 %). The last harvest was good, except in the Languedoc-Roussillon region. Consequently, the prices of common wines, massively produced in this region, rose significantly (+14.1% yoy). Conversely, prices of PDO (protected designation of origin) wines decreased over one year (–6.4%).
The price of potato plummeted from the previous year (–27.2%): crops in North-West Europe were more abundant in 2014 than in 2013, due to higher yields.
Fresh fruits prices were almost stable compared to last year (+0.2 %). Apple price declined due to the european competition : the crop was abundant in Europe, in addition the exportation market was burdened by the Russian embargo. Conversely, the strawberry began its marketing season with a higher price than last year at the same period, reflecting a demand driven by a balmy month of March.
graphiquevegetable – Producer prices of vegetables
- Source : SSP (ministry of agriculture)
Fresh vegetable prices increased (+12.0% after +23.6%). Those for lettuces, endives and cauliflowers rose sharply over one year due to significant cuts in their planted areas.
graphiquepig – Producer prices of pigs and large cattle
On a seasonally adjusted basis, livestock prices rallied in March (+1.0%), but went down yoy (-4.5%). Pig prices decreased over this period (-6.4 %) as a consequence of the Russian embargo. Price of cow milk sank over one year (–20,1 %): the Asian demand slowed down while the Russian embargo made the export market overloaded.
tableauTab1 – Indices of producer prices of agricultural products (IPPAP)
| Variation as % over | |||||
|---|---|---|---|---|---|
| weights | March 2015 | a month | 3 months | a year | |
| raw | Seasonally adjusted | ||||
| Agricultural goods output | 1000 | 111.2 | +0.4 | –2.5 | –6.7 |
| excluding fruits and vegetables | 900 | 112.1 | +0.5 | –3.0 | –7.8 |
| Crop output (excluding fruits and vegetables) | 505 | 115.4 | +0.5 | –1.5 | –6.4 |
| Cereals | 188 | 109.3 | –0.7 | –5.9 | –10.0 |
| of which soft wheat | 112 | 108.6 | +0.1 | –4.5 | –12.5 |
| grain maize | 41 | 93.3 | +2.9 | –2.2 | –14.3 |
| Potatoes | 26 | 95.9 | /// | /// | –27.2 |
| Wines | 177 | 129.7 | +0.7 | +0.1 | –1.5 |
| Protected designation of origin | 84 | 134.1 | +0.9 | –0.5 | –6.4 |
| other wines | 23 | 150.4 | +1.2 | +2.3 | +14.1 |
| Oleaginous | 49 | 100.5 | +3.5 | +7.6 | –6.4 |
| Horticultural products | 30 | 105.7 | +1.5 | +0.9 | +1.3 |
| Other crop products | 36 | 119.6 | –0.5 | –0.6 | –2.6 |
| Fruits and vegetables (1) | 100 | 102.7 | /// | /// | +5.3 |
| Fresh vegetables | 53 | 94.6 | /// | /// | +12.0 |
| Fresh fruits | 35 | 109.9 | /// | /// | +0.2 |
| Animal output | 395 | 107.9 | +0.5 | –4.9 | –9.6 |
| Animals | 234 | 113.7 | +1.0 | +0.6 | –4.5 |
| of which large cattle | 96 | 119.4 | +1.0 | +0.2 | –4.4 |
| calves | 26 | 111.0 | –0.6 | –1.5 | –3.7 |
| pigs | 54 | 106.6 | +2.8 | +2.0 | –6.4 |
| sheep | 10 | 121.0 | –0.4 | +0.9 | +5.5 |
| poultry | 46 | 109.6 | +0.4 | +0.6 | –5.0 |
| of which chicken | 28 | 110.0 | +0.6 | +1.4 | –4.6 |
| Milk | 147 | 97.7 | 0.0 | –12.0 | –18.8 |
| of which cow milk (2) | 137 | 97.1 | 0.0 | –12.9 | –20.1 |
| Eggs | 15 | 118.9 | –2.7 | –17.1 | +3.2 |
- (1) Including vegetables for industry.
- (2)The price for March is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from February
- Sources : Insee - SSP (ministry of agriculture)
The purchase price of the means of production increased in March
In March, input prices rose again (+0.4% after +1.3%), due to rebounding energy prices following the previous slip (–10.8 % yoy). Similarly, feed prices had been firming up (+0.3% on one month, –6.1% yoy). Investments prices slightly increased (+0.2%).
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 | March 2015 | Variation as % over | |||
|---|---|---|---|---|---|
| a month | 3 months | a year | |||
| Total input | 1000 | 110.7 | +0.4 | +1.4 | –2.0 |
| Intermediate consumptions | 764 | 112.1 | +0.4 | +1.7 | –2.5 |
| Energy | 100 | 104.4 | +1.8 | +3.8 | –10.8 |
| Seeds | 57 | 108.9 | +0.1 | +0.7 | +0.2 |
| Fertilisers and soil improvers | 92 | 122.5 | +0.6 | +4.4 | +3.6 |
| Plant protection products | 78 | 100.4 | +0.5 | +0.2 | +0.2 |
| Animal feed | 205 | 118.4 | +0.3 | +1.7 | –6.1 |
| Veterinary expenses | 43 | 113.2 | 0.0 | +0.8 | +2.3 |
| Small equipment and tools | 17 | 107.7 | +0.2 | –2.0 | –0.6 |
| Maintenance of materials | 67 | 112.8 | 0.0 | +1.0 | +1.4 |
| Maintenance of buildings | 9 | 106.5 | 0.0 | –0.4 | –0.2 |
| Other goods and services | 97 | 102.1 | 0.0 | +0.1 | +0.3 |
| Goods and services contributing to investment | 236 | 106.5 | +0.2 | +0.5 | –0.4 |
| Material | 186 | 107.1 | +0.3 | +0.7 | 0.0 |
| Tractors | 79 | 106.7 | +0.2 | +1.1 | –0.8 |
| Machinery and plant for cultivation | 36 | 109.7 | +0.3 | +0.8 | +1.8 |
| Machinery and plant for harvesting | 42 | 107.2 | +0.3 | +0.3 | +0.2 |
| Utility vehicles | 18 | 104.2 | +0.3 | –0.8 | –1.0 |
| Buildings | 50 | 104.0 | 0.0 | –0.1 | –2.0 |
- (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
