In June 2014, oil prices increased sharplyPrices of oil and raw material imports - June 2014

In June, the price of crude oil in euro terms rose sharply (+3.5%) and stood at €82.2 on average per barrel of Brent. Prices of imported commodities except energy in euros climbed slightly (+0.8%), supported by the increase in raw food materials prices (+1.4%).

In June, the price of crude oil in euro terms rose sharply (+3.5%) and stood at €82.2 on average per barrel of Brent. Prices of imported commodities except energy in euros climbed slightly (+0.8%), supported by the increase in raw food materials prices (+1.4%).

Clear rise in oil prices

In June, the price of crude oil from the North Sea (Brent) in dollars rose (+2.4% after +1.1%) on account of high tensions in Irak. In euros, the Brent price increased more sharply (+3.5% after +1.7%).

Prices of industrial raw materials increased slightly

In June, prices of industrial raw materials in euros picked up a little (+0.3% after -0.6% in May). Prices of agricultural raw materials decreased (-0.5% after +0.4%), especially those of sawn softwood (-4.4% after +1.8%) in spite of the continuous rise in tropical wood prices (+1.4% from +1.2%). Prices of natural rubber rose distinctly (+1.3% from -4.6%). Prices of minerals went back up (+0.6% after -0.9%). Prices of non-ferrous metals came up (+2.2% after +1.9%), on account of the recovery in aluminum prices (+6.2% from –3.0%) prompted by a recent rise in bauxite prices. This increase was weakened by the slight drop in copper prices (-0.1% after +3.8%) along with the plunge in nickel prices (-3.5% from +12.6%). Prices of precious metals kept climbing (+1.5% from +0.4%), partly due to the slight increase in gold prices (+0.4% after -0.4%), viewed as safe-haven securities. Conversely, prices of iron ore dipped sharply again (-6.8% from -11.8%), due to a high yield from major industrial firms and stagnant Chinese imports.

Prices of raw food materials kept rising

In June, prices of raw food materials in euros boosted (+1.4% after +0.1%), because of the recurrent increase in beef meat prices (+6.2% after +0.4%). Prices of tropical foodstuffs went up as well (+2.7% from -1.3%). So did cocoa prices (+6.4% after -0.3%), due to a weaker output. However, oil seed and vegetable oil prices declined (-1.4% after +0.9%), on account of a high seasonal supply that met a weaker demand. Prices of cereals dipped again (-0.8% after -1.5%), especially those of maize (-7.7% after -2.1%), as a result of both a better output prospect and a mitigate fear in supply disruption in Ukraine.

tabpetrole – Oil and petroleum products

in euros
Oil and petroleum products
Prices Change (%)
of last month over the last month over the last 3 months over the last 12 months
Brent in $ per barrel 111,8 2,4 3,7 8,8
Brent in € per barrel 82,2 3,5 5,5 5,5
Gasoline €/L 0,57 5,1 8,4 3,4
Gas Oil 670,5 1,5 2,8 1,3
Heavy fuel 464,6 1,1 0,3 1,0
Naphtha 700,8 2,6 6,5 9,4
  • Prices are in euros per tonne unless otherwise specified
  • Source : INSEE

tabmatprem – Imported raw materials (excluding energy) in euros

base 100 in 2000
Imported raw materials (excluding energy) in euros
Index Changes (%)
over the last month over the last 3 months over the last 12 months
Food total 197,4 1,4 0,7 5,4
Tropical foodstuffs 177,6 2,7 1,8 27,6
Oil seeds, vegetable oils 243,3 –1,4 1,4 –4,3
Cereals 141,5 –0,8 –4,0 –29,7
Sugar 141,8 –0,6 –0,4 0,7
Beef meat 142,5 6,2 –0,3 20,0
Industrial raw materials 153,9 0,3 1,5 –1,9
Agricultural raw materials 102,9 –0,5 –2,5 2,0
Natural Fibers 125,6 –0,6 –3,7 –5,3
Natural rubber 179,3 1,3 –9,6 –27,9
Hides 91,4 0,3 –0,6 6,1
Wood pulp 92,3 1,1 2,2 4,5
Tropical wood 103,6 1,4 3,5 5,8
Sawn softwood 86,1 –4,4 –9,2 5,7
Minerals 181,4 0,6 3,0 –3,2
Iron ore 505,0 –6,8 –15,7 –21,6
Non-ferrous metals 147,1 2,2 8,4 1,8
Precious metals 226,8 1,5 –0,6 –4,4
All commodities 163,1 0,8 1,1 1,2
  • Source : INSEE

G_petrole_ang – Oil

  • Source : Insee

G_alim_ang – Food

  • Source : Insee

G_ensemble_ang – All commodities

  • Source : Insee

G_indus_ang – Industrial raw materials

  • Source : Insee