Overall agricultural producer prices increased in June 2015Indices of agricultural prices - juin 2015

In June 2015, agricultural prices went up by 1.6% compared to May; they decreased year on year by 3.4%

In June 2015, agricultural prices went up by 1.6% compared to May; they decreased year on year by 3.4%

Cereals prices rebounded in June (+5.8%). The markets reacted to adverse weather conditions in the US (too wet) and Western Europe (too dry).

cereal – Producer prices of cereals

  • Source : Insee

Oilseed prices continued to increase in June (+3.6%), taking almost 30% over nine months. Global rapeseed production would decline because of lower yields in Canada and Europe.

The wine prices dipped year on year (-2.5%). The last harvest was good, except in the Languedoc-Roussillon region. Hence, the prices of common wines, massively produced in that place, rose significantly (+13.1% yoy). Conversely, prices of PDO (protected designation of origin) wines decreased (-8.0% yoy).

Prices for fresh fruits increased compared to last year (+10.7%). The strawberry became more expensive. Demand remained strong despite progress in the season and the arrival of summer fruits. Moreover, Spanish imports were more limited this year. Cherry, apricots and peaches prices also jumped, due to the significant decline in their productions in relation with climate hazards, while the hot weather favoured their consumption.

vegetable – Producer prices of fresh vegetables

  • Source : SSP (ministry of agriculture)

Prices of fresh vegetables were stable (+0.4% yoy). Tomato prices changed little because of a stabilized production. Zucchini became more expensive due to lower supply linked to the declines in greenhouse growing and imports. Conversely, the price of melon decreased, reflecting an abundant production. Greenhouse growing of this vegetable expanded, increasing yields, like the hot and dry weather.

pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animals prices were virtually unchanged in June (+0.3%) but decreased significantly year on year (-4.8%). Pork prices tumbled by more than 10 % over this period, due to the Russian embargo and European competition, mainly German. The milk price slumped by 10% year on year, in conjunction with the decline in global demand for dairy products that had been driven by China in 2014.

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

Base year: 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
weights June 2015 a month 3 months a year
raw Seasonally adjusted raw
Agricultural goods output 1000 112,6 +1.6 +0.8 –3.4
excluding fruits and vegetables 900 113,8 +1.6 +1.0 –4.1
Crop output (excluding fruits and vegetables) 505 115,0 +2.2 –0.2 –2.5
Cereals 188 104,7 +5.8 –4.3 –5.4
of which soft wheat 112 100,2 +5.3 –7.7 –8.8
grain maize 41 94,5 +6.6 +1.3 –6.5
Potatoes 26 103,3 /// /// –7.9
Wines 177 130,7 +0.2 +0.8 –2.5
Protected designation of origin 84 134,5 –0.7 +0.3 –8.0
other wines 23 156,8 +3.6 +4.1 +13.1
Oleaginous 49 106,7 +3.6 +6.2 +12.7
Horticultural products 30 105,5 +1.0 +0.5 +0.2
Other crop products 36 118,8 +0.2 –0.7 –2.2
Fruits and vegetables (1) 100 101,7 /// /// +4.5
Fresh vegetables 53 94,2 /// /// +0.4
Fresh fruits 35 108,0 /// /// +10.7
Animal output 395 112,2 +0.9 +2.6 –6.2
Animals 234 114,2 +0.3 +0.2 –4.8
of which large cattle 96 121,8 +1.7 +1.7 –0.6
calves 26 102,5 –1.7 –7.7 –6.2
pigs 54 111,6 –0.6 +2.5 –11.4
sheep 10 111,1 –1.7 –6.1 –5.2
poultry 46 110,0 –0.4 +0.4 –4.6
of which chicken 28 110,0 –0.3 0.0 –4.7
Milk 147 107,9 0.0 +6.6 –10.0
of which cow milk (2) 137 108,4 0.0 +7.1 –10.7
Eggs 15 124,1 +20.6 +4.3 +9.5
  • (1) Including vegetables for industry.
  • (2)The price for June is not yet known and therefore is estimated by carrying forward the seasonally adjusted price of May
  • Sources : Insee - SSP (ministry of agriculture)

The purchase price of means of production decreases in June

In June, prices for intermediate consumption decreased (-0.9%), partly due to lower energy prices (-2.2%) and fertilizers (-3.2%). In one year, prices of energy and feed significantly decreased (resp. -12.1% and -6.4%). Investment prices were almost stable in June (-0.2%).

means – Purchase prices of the means of agricultural production

  • Sources : Insee and SSP (ministry of agriculture)

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 June 2015 Variation as % over
a month
Total input 1000 110,1 –0.7 –0.4 –2.4
Intermediate consumptions 764 111,2 –0.9 –0.6 –3.2
Energy 100 103,8 –2.2 –0.2 –12.1
Seeds 57 108,9 –0.2 0.0 +0.5
Fertilisers and soil improvers 92 117,9 –3.2 –3.7 +1.2
Plant protection products 78 100,9 –0.2 +0.5 –0.3
Animal feed 205 117,6 –0.5 –0.8 –6.4
Veterinary expenses 43 113,4 0.0 +0.3 +1.8
Small equipment and tools 17 108,5 +0.4 +0.6 –0.2
Maintenance of materials 67 113,0 –0.1 +0.2 +1.5
Maintenance of buildings 9 106,8 0.0 +0.1 –0.2
Other goods and services 97 101,6 0.0 +0.1 –0.5
Goods and services contributing to investment 236 106,8 –0.2 +0.4 +0.4
Material 186 107,3 –0.2 +0.6 +0.7
Tractors 79 107,0 –0.3 +1.1 +0.9
Machinery and plant for cultivation 36 109,0 –0.2 +0.1 +0.7
Machinery and plant for harvesting 42 107,6 –0.2 +0.5 +0.6
Utility vehicles 18 104,8 –0.3 –0.1 0.0
Buildings 50 104,8 0.0 0.0 –0.5
  • (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)