Overall agricultural producer prices decreased in May 2015Indices 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.

cereal – Producer prices of cereals

  • Source : Insee

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.

vegetable – Producer prices of fresh vegetables

  • Source : SSP (ministry of agriculture)

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.

pig – 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.

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

Base year: 2010
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.

means – Purchase prices of the means of agricultural production

Tab2 – Indices of purchase prices of the means of agricultural production (IPAMPA)

Base 100 en 2010
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)