Moderate rise in agricultural producer prices in DecemberIndices of agricultural prices - December 2014

In December, overall agricultural producer prices rose (+0.3 %) ; over one year they dropped by 5.5 %.

Informations rapides
No 27
Paru le : 30/01/2015
Prochaine parution le : 29/09/2017 at 12:00 - August 2017

In December, overall agricultural producer prices rose (+0.3 %) ; over one year they dropped by 5.5 %.

Cereal prices increased in December (+5.4 %). The market operators reacted bullishly further to information about a possible taxation by Russia of its own exports of soft wheat, which finally did not happen.

cereal – Producer prices of cereals

Oleaginous prices went up again (+11.3 % over the quarter). Rape prices were driven upward by soy prices, which increased noticeably due to the Chinese demand.

Wine prices increased by 2.8 % over one year. The last crop was normal, except in the Languedoc-Roussillon region which was struck by bad weather. So, the prices of common wines, massively produced in this region, rose significantly (+12.9 % over one year).

Potato prices tumbled compared to last year (–42.0 %): 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 went down in December (-6.8 % over one year). Apples and pears prices decreased : the commercial Russian embargo, estabished last August, led to the saturation of the other European markets.

vegetable – Producer prices of vegetables

Fresh vegetables prices were almost stable in December (-0.2 % over one year). Chicory prices jumped as a result of the cut in production commited this year. Conversely, shallot prices plumeted : traditional varieties, produced from a bulb, had to compete with hybrids obtained from seed, which are easier to grow.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animal prices were almost stable in December (+0.1 %). They deceased by 7.5 % over one year. Pig prices fell by 16.4 % (over one year) due to the Russain sanitary embargo established in January 2014 and to the North-European competition. Over this same period, poultry prices declined (-6.8 %) under pressure from foreign competition ; sheep prices went up (+2.9 %) as a result of the decline in the global production and of the weaker competition from Oceania. Milk prices decreased (-6.8 % over the quarter) due to the loss of the Russian outlet since August for dairy products, and to the worldly rise in milk production.

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

Base year: 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights Dec. 2014 a month 3 months a year
raw Seasonally adjusted
Agricultural goods output 1000 112.7 +0.3 +2.3 –5.5
excluding fruits and vegetables 900 114.2 +0.5 +2.3 –5.8
Crop output (excluding fruits and vegetables) 505 116.3 +0.5 +6.4 –4.9
Cereals 188 116.2 +5.4 +19.5 –3.6
of which soft wheat 112 113.7 +6.9 +22.1 –8.1
grain maize 41 95.4 +8.0 +14.4 –11.2
Potatoes 26 94.9 /// /// –42.0
Wines 177 129.9 –0.7 +1.1 +2.8
Protected designation of origin 84 135.6 –1.5 –1.1 +1.7
other wines 23 147.0 +0.5 +11.7 +12.9
Oleaginous 49 93.3 +2.7 +11.3 –6.4
Horticultural products 30 86.0 –24.3 –24.6 –22.9
Other crop products 36 121.1 +0.7 +1.1 +0.8
Fruits and vegetables (1) 100 99.7 /// /// –2.6
Fresh vegetables 53 91.6 /// /// –0.2
Fresh fruits 35 107.1 /// /// –6.8
Animal output 395 111.5 +0.5 –2.6 –6.9
Animals 234 110.4 +0.1 –1.5 –7.5
of which large cattle 96 115.8 +1.2 –1.5 –5.6
calves 26 112.5 +2.7 +5.4 –1.2
pigs 54 98.6 –1.9 –3.1 –16.4
sheep 10 123.9 +1.6 +6.6 +2.9
poultry 46 108.9 –1.9 –4.2 –6.8
of which chicken 28 108.4 –2.1 –4.8 –7.2
Milk 147 109.9 0.0 –6.8 –8.5
of which cow milk (2) 137 109.4 0.0 –7.3 –9.2
Eggs 15 143.4 +11.1 +23.1 +17.0
  • (1) Including vegetables for industry.
  • (2) The price for December is not yet known and therefore is estimated by carrying forward the seasonally adjusted price from November

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

In December, intermediate consumptions prices have been slipping for seven months (–4,4 %). Energy prices fell sharply this month, by 8.0 %, declining by 16.7 % over one year. The decrease was also significant for feed prices (–7.4 % over one year). Investment prices increased a little this month (+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 109.2 –0.7 –1.8 –2.8
Intermediate consumptions 764 110.2 –1.0 –2.4 –3.6
Energy 100 100.6 –8.0 –13.6 –16.7
Seeds 57 108.2 0.0 –0.2 –0.1
Fertilisers and soil improvers 92 117.7 +0.8 +2.4 +4.8
Plant protection products 78 100.3 –0.9 –1.0 –0.2
Animal feed 205 116.4 –0.1 –3.0 –7.4
Veterinary expenses 43 112.2 –0.1 +0.1 +2.1
Small equipment and tools 17 110.0 +0.4 +0.4 +1.0
Maintenance of materials 67 111.7 +0.1 +0.4 +2.3
Maintenance of buildings 9 106.9 –0.2 +0.1 +0.1
Other goods and services 97 101.7 0.0 0.0 +0.1
Goods and services contributing to investment 236 106.4 +0.2 +0.4 +0.1
Material 186 106.5 +0.2 +0.6 +0.1
Tractors 79 105.6 0.0 +1.0 –0.9
Machinery and plant for cultivation 36 109.1 +0.7 +1.3 +2.0
Machinery and plant for harvesting 42 106.7 +0.2 –0.1 –0.2
Utility vehicles 18 105.0 +0.7 –0.1 +1.9
Buildings 50 106.0 +0.1 –0.1 0.0
  • (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)