30 June 2015
2015- n° 163Overall agricultural producer prices decreased in May 2015 Indices of agricultural prices - mai 2015
In May 2015, overall agricultural prices dropped by 1.7% compared to April and by 6.1 % over one year
In May 2015, overall agricultural prices dropped by 1.7% compared to April and by 6.1 % over one year
Cereal prices plummeted in May (-7.8%). The good weather conditions in the Northern hemisphere suggested a bumper crop. Furthermore, Russia removed this month its export taxes on its wheat, which became more competitive on the global market.
graphiquecereal – Producer prices of cereals
In May, oilseed prices continued to rise (+0.5%); they had increased by more than 20% since September 2014. The demand for crushing was strong while production was expected to decline this year, due to cuts in planted area for rapeseed and, for sunflower, lower yields expected in the Black Sea region.
Wine prices dipped over one year (-2.4 %). The last harvest was good, except in the Languedoc-Roussillon region. Consequently, the prices of common wines, massively produced in this region, rose significantly (+14.8% yoy). Conversely, prices of PDO (protected designation of origin) wines decreased over one year (–7.9%).
The price of potato plummeted from the previous year (–14.0%): crops in North-West Europe, still commercialised, were particularly abundant in 2014.
Fresh fruits prices increased yoy (+4.8%). Strawberries were more expensive. On the supply side, the importations declined and the French harvest were late too; on the demand side, the balmy weather benefited the consumption. The cherries were more expensive as well : the yields were affected by adverse weather conditions in the early Roussillon region.
graphiquevegetable – Producer prices of fresh vegetables
Fresh vegetables prices went up too (+8.4 % yoy). The supply of chicory was rather constrained on the French stalls, due to significant cuts in planted areas. Tomatoes were less abundant as a result of the weakness of importations from Morrocco and Spain, whereas the sunny weather boosted the demand.
graphiquepig – Producer prices of pigs and large cattle
On a seasonally adjusted basis, animals prices were almost stable in May (-0.2%), but went down significantly yoy (-6.7%). Prices of calves and big cattle decreased over this period in relation with the consumption slump. Cow milk plunged (-12.7 % over one year) due to a weaker global demand. However, the end of milk quotas has not yet resulted in an increase in production in Europe.
tableauTab1 – Indices of producer prices of agricultural products (IPPAP)
Variation as % over | |||||
---|---|---|---|---|---|
weights | May 2015 | a month | 3 months | a year | |
raw | Seasonally adjusted | ||||
Agricultural goods output | 1000 | 109.4 | –1.7 | –0.3 | –6.1 |
excluding fruits and vegetables | 900 | 110.4 | –1.3 | 0.0 | –7.2 |
Crop output (excluding fruits and vegetables) | 505 | 112.7 | –2.0 | –1.9 | –6.3 |
Cereals | 188 | 98.9 | –7.8 | –10.1 | –13.3 |
of which soft wheat | 112 | 95.2 | –9.7 | –12.3 | –17.2 |
grain maize | 41 | 88.7 | –5.2 | –2.2 | –13.4 |
Potatoes | 26 | 107.2 | /// | /// | –14.0 |
Wines | 177 | 130.5 | +0.6 | +1.3 | –2.4 |
Protected designation of origin | 84 | 135.5 | +1.5 | +2.0 | –7.9 |
other wines | 23 | 151.2 | –1.3 | +1.7 | +14.8 |
Oleaginous | 49 | 103.0 | +0.5 | +6.1 | +3.6 |
Horticultural products | 30 | 107.4 | +0.9 | +0.9 | –0.3 |
Other crop products | 36 | 118.7 | –0.7 | –1.2 | –2.4 |
Fruits and vegetables (1) | 100 | 100.1 | /// | /// | +6.2 |
Fresh vegetables | 53 | 97.6 | /// | /// | +8.4 |
Fresh fruits | 35 | 98.0 | /// | /// | +4.8 |
Animal output | 395 | 107.4 | –0.4 | +2.5 | –8.4 |
Animals | 234 | 113.2 | –0.2 | +0.9 | –6.7 |
of which large cattle | 96 | 120.3 | –0.1 | +1.0 | –3.5 |
calves | 26 | 104.2 | –3.5 | –6.8 | –6.7 |
pigs | 54 | 107.2 | +1.2 | +6.1 | –14.8 |
sheep | 10 | 117.1 | –3.7 | –4.8 | –5.3 |
poultry | 46 | 110.5 | +0.5 | +1.3 | –4.1 |
of which chicken | 28 | 110.4 | +0.2 | +1.0 | –4.2 |
Milk | 147 | 98.7 | 0.0 | +7.6 | –11.9 |
of which cow milk (2) | 137 | 98.4 | 0.0 | +8.2 | –12.7 |
Eggs | 15 | 102.9 | –6.8 | –15.8 | –1.5 |
- (1) Including vegetables for industry.
- (2)The price for May is not yet known and therefore is estimated by carrying forward the seasonally adjusted price of April
- Sources : Insee - SSP (ministry of agriculture)
The purchase price of production means was nearly stable in May
In May, intermediate consumptions prices did not move much (+0.1 %). Energy prices have been picking up since January (+13%), after sinking during six month (by roughly 20%). Feed prices noticeably decreased over one year (–6.3 %). Investments prices were almost stable too (+0.1 %) compared to last month.
graphiquemeans – Purchase prices of the means of agricultural production
tableauTab2 – Indices of purchase prices of the means of agricultural production (IPAMPA)
weights | May 2015 | Variation as % over | |||
---|---|---|---|---|---|
a month | 3 months | a year | |||
Total input | 1000 | 110.9 | +0.1 | +0.6 | –1.9 |
Intermediate consumptions | 764 | 112.3 | +0.1 | +0.6 | –2.6 |
Energy | 100 | 106.1 | +1.2 | +3.2 | –9.1 |
Seeds | 57 | 109.1 | +0.3 | +0.3 | +0.2 |
Fertilisers and soil improvers | 92 | 122.0 | –0.6 | +0.2 | +2.1 |
Plant protection products | 78 | 101.1 | +0.1 | +1.1 | –0.3 |
Animal feed | 205 | 118.3 | –0.2 | +0.2 | –6.3 |
Veterinary expenses | 43 | 113.4 | +0.3 | 0.0 | +2.1 |
Small equipment and tools | 17 | 108.2 | +0.2 | +0.4 | 0.0 |
Maintenance of materials | 67 | 113.1 | +0.1 | +0.3 | +1.7 |
Maintenance of buildings | 9 | 106.7 | 0.0 | 0.0 | –0.2 |
Other goods and services | 97 | 101.5 | 0.0 | 0.0 | –0.6 |
Goods and services contributing to investment | 236 | 106.9 | +0.1 | +0.5 | +0.5 |
Material | 186 | 107.5 | +0.2 | +0.5 | +0.8 |
Tractors | 79 | 107.2 | +0.1 | +0.6 | +0.6 |
Machinery and plant for cultivation | 36 | 109.2 | +0.2 | –0.1 | +1.5 |
Machinery and plant for harvesting | 42 | 107.8 | +0.4 | +0.9 | +0.7 |
Utility vehicles | 18 | 105.1 | +0.2 | +0.4 | +0.5 |
Buildings | 50 | 104.8 | 0.0 | +0.6 | –0.4 |
- (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