On April 2016, overall producer prices of agricultural products fell back by 0.6 %Indices of agricultural prices - April 2016

In April 2016, overall agricultural producer prices fell back (−0.6% after +1.9% in March) mainly because of animal prices. Over one year, they dropped by 2.0%.

In April 2016, overall agricultural producer prices fell back (−0.6% after +1.9% in March) mainly because of animal prices. Over one year, they dropped by 2.0%.

Cereal and oleaginous prices bounced back

Cereal prices rallied in April (+1.5%). The demand for French wheat was sustained this month, noticeably from Maghreb. However the abundance of the global supply continued to weigh down on prices (−15.6% over one year).

cereal – Producer prices of cereals

  • Source: INSEE

Oleaginous prices picked up in April (+3.5%). The expected decrease in the global rape production this year, noticeably due to the Canadian decline, supported its prices. Furthermore, the demand for rape oil, as a substitute for hydrocarbon fuels, was strong, following the rebound of oil prices and the surge in palm oil price for three months.

Hike rise in potato prices, rise for vegetables and dip for fresh fruits

Potatoe prices more than doubled (+110.3%) in April over one year. The 2015 crop reached its long-term average whereas the previous one was exceptional.

Fresh vegetables prices increased again compared to last year, albeit less than in March (+4.2% after +22.7%) mostly driven by cauliflower whose price nearly tripled. The mild temperatures in the autumn 2015 had hastened the production of this vegetable, whose volume harvested in April continued to fall.

By contrast, fresh fruits prices slipped back in April over one year (−3.7%). Consumers turned aside from strawberry as a result of the dull weather.

vegetable – Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Further fall in animal prices again

On a seasonaly adjusted basis, animal prices declined over one month (−1.2%). Big cattle prices dipped in April (−1.4%) and lessened over one year (−2.8%) reflecting a sluggish demand. Pig prices stagnated at a low level because of the strain of European competition.

pig – Producer prices of pigs and large cattle

  • Source: INSEE

Cow milk prices plunged by 10.0% over one year, reflecting overproduction. Egg prices strongly declined, following the return of American production to the international market; the United-States had been stricken in 2015 by avian flue.

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

Seasonnaly adjusted * - base and reference 100 in 2010
Indices of producer prices of agricultural products (IPPAP)
Variation as % over
Weights April 2016 a month 3 month a year
Agricultural goods output 1000 109.9 -0.6 +0.5 -2.0
excluding fruits and vegetables 900 110.1 -0.1 -0.8 -2.3
Crop output (excluding fruits and vegetables) 505 113.8 +0.9 -0.4 0.0
Cereals 188 90.6 +1.5 -5.4 -15.6
of which soft wheat 112 85.2 +0.9 -7.5 -19.2
grain maize 41 91.6 +4.2 +0.9 -2.0
Potatoes 26 193.5 /// /// +110.3
Wines 177 133.1 -0.2 +1.4 +2.5
Protected designation of origin 84 142.3 -0.2 +2.8 +6.5
other wines 23 143.9 -0.8 -1.1 -5.9
Oleaginous 49 97.3 +3.5 -0.7 -5.0
Horticultural products 30 110.4 -3.2 +2.2 +3.5
Other crop products 36 107.8 +0.2 -0.4 +0.3
Fruits and vegetables (1) 100 107.4 /// /// +0.8
Fresh vegetables 53 106.2 /// /// +4.2
Fresh fruits 35 105.8 /// /// -3.7
Animal output 395 105.5 -1.2 -1.1 -5.2
Animals 234 109.7 -1.2 -3.0 -3.3
of which large cattle 96 116.0 -1.4 -2.2 -2.8
calves 26 110.1 -3.3 -2.4 +2.0
pigs 54 97.9 +0.3 -6.5 -9.1
sheep 10 111.6 -4.5 -4.6 -6.6
poultry 46 110.4 -0.2 -0.7 +0.4
of which chicken 28 110.1 0.0 -0.5 -0.1
Milk 147 98.3 /// +2.5 -9.3
of which cow milk (2) 137 97.4 /// +2.7 -10.0
Eggs 15 108.8 -13.2 -4.3 -1.4
  • * Except for fresh fruits and vegetables
  • (1) Including vegetables for industry.
  • (2)The March value of cow milk price indice is carried forward in April
  • Sources: INSEE, SSP (ministry in charge of agriculture)

Purchase prices of means of production decreased in April

In April, intermediate consumption prices weakened slightly (−0.2%) under the opposite effects of energy prices kept on rallying (+0.8% after +4.5%) and various agricultural input prices still a downward trend. Over one year, intermediate consumption prices dropped by 4.5%, driven down by the slump in energy prices (−15.8%) and the diminishing prices of feed (−5.7%) and fertilisers (−8.7%). Capital goods prices decreased by 0.9% over one month and by 0.8% over one year.

means – Purchase prices of the means of agricultural production

  • Sources: INSEE, SSP (ministry in charge of agriculture)

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

Raw data - base and reference 100 in 2010
Indices of purchase prices of the means of agricultural production (IPAMPA)
Weights April 2016 variation as % over
a month 3 month a year
Total input 1000 106.6 -0.4 -0.7 -3.8
Intermediate consumptions 764 107.0 -0.2 -0.6 -4.5
Energy 100 88.4 +0.8 +5.2 -15.8
Seeds 57 108.0 +0.1 -0.2 -0.6
Fertilisers and soil improvers 92 111.9 -0.9 -1.8 -8.7
Plant protection products 78 100.5 +0.6 +0.7 -0.1
Animal feed 205 111.7 -0.8 -3.0 -5.7
Veterinary expenses 43 116.8 +0.2 +0.3 +2.7
Small equipment and tools 17 106.2 -0.5 -2.2 -1.4
Maintenance of materials 67 113.2 -0.1 -0.3 +0.2
Maintenance of buildings 9 106.5 0.0 0.0 -0.3
Other goods and services 97 101.9 +0.1 +0.1 +0.8
Goods and services contributing to investment 236 105.8 -0.9 -1.0 -0.8
Material 186 106.8 -1.2 -1.2 -0.4
Tractors 79 105.3 -2.6 -2.9 -1.7
Machinery and plant for cultivation 36 110.2 -0.5 +0.1 +1.3
Machinery and plant for harvesting 42 108.0 -0.2 0.0 +0.7
Utility vehicles 18 104.7 0.0 +0.1 -0.1
Buildings 50 102.0 0.0 -0.1 -2.7
  • (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2016
  • Sources: INSEE, SSP (ministry in charge of agriculture)