In May 2016, overall producer prices of agricultural products were stable over one yearIndices of agricultural prices - May 2016

In May 2016, overall producer prices of agricultural products were stable over one year. Excluding fruits and vegetables, they increased by 0.8% over one month and declined by 0.2% year on year.

In May 2016, overall producer prices of agricultural products were stable over one year. Excluding fruits and vegetables, they increased by 0.8% over one month and declined by 0.2% year on year.

Cereal and oleaginous prices continued to rally

Cereal prices kept on increasing in May (+2.5% after +2.0% in April). Wheat exports were dynamic noticeably towards Maghreb and Asia. The price of maïze recovered for two months mainly due to a global supply affected by adverse weather conditions in South America and exhausted availability in Ukraine. Compared to last year, the abundance of the world supply continued to weigh on cereal prices (−6.1% yoy). However this decline was much less marked than in April (−15,5%), as prices had been particularly low in May 2015.

cereal – Producer prices of cereals

  • Source: INSEE

Oleaginous prices continued to rally in May (+1.0% after +3.4%). Rape prices increased in the wake of oil price, while soy price jumped due to a stronger Chinese demand.

Over a year, surge in potato prices, moderate rise for vegetables and fresh fruits

Potato prices nearly doubled (+83.8%) in May over one year. The 2015 crop, still put on sale, reached its long-term average whereas the previous one was exceptional. Over one year, fresh fruits prices increased (+3.9%). Stawberry price rose due to a limited supply, as cool weather slowed down the harvests and damaged the fruits. Fresh vegetable prices expanded as well (+3.0% yoy), noticeably the price of cauliflower that became more rare: huge quantities had already been harvested as the mild winter had accelerated the growth of this vegetable. Nevertheless, tomatoes prices declined as the cool temperatures deterred demand.

vegetable – Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Near stability in animal prices

In May, animals prices were virtually stable over one month (−0.2%). The price of big cattle fell over one month (−1.9%) and over one year (−4.7%) due to sluggish demand. Conversely, pork prices bounced back sharply (+5.9%): strong Chinese demand partly absorbed Spanish supply and freed the other export outlets for French production.

pig – Producer prices of pigs and large cattle

  • Source: INSEE

Cow milk prices dropped over one year (−8.3%) and eggs prices sank over the last three months (−18.5%), due to over production.

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 May 2016 a month 3 months a year
Agricultural goods output 1000 110.5 /// /// 0.0
excluding fruits and vegetables 900 111.4 +0.8 +1.2 –0.2
Crop output (excluding fruits and vegetables) 505 115.9 +1.8 +2.5 +3.3
Cereals 188 92.9 +2.5 +2.0 –6.1
of which soft wheat 112 86.8 +1.9 +0.2 –8.8
grain maize 41 96.6 +5.5 +10.3 +8.9
Potatoes 26 209.2 +8.1 +15.7 +83.8
Wines 177 133.8 +0.5 0.0 +2.5
protected designation of origin 84 141.9 –0.4 –0.6 +4.7
other wines 23 151.0 +4.9 +2.4 –0.2
Oleaginous 49 98.3 +1.0 +3.4 –4.6
Horticultural products 30 111.7 +1.2 +5.3 +4.4
Other crop products 36 107.7 –0.1 –0.5 +1.1
Fruits and vegetables (1) 100 102.9 /// /// +2.8
Fresh vegetables 53 100.5 /// /// +3.0
Fresh fruits 35 101.8 /// /// +3.9
Animal output 395 105.6 –0.7 –0.7 –4.8
Animals 234 109.5 –0.2 –2.6 –3.0
of which large cattle 96 113.8 –1.9 –3.3 –4.7
calves 26 106.1 –3.6 –6.9 +2.0
pigs 54 103.7 +5.9 +0.4 –3.0
sheep 10 110.1 –1.3 –3.6 –5.7
poultry 46 109.6 –0.7 –1.3 –0.8
of which chicken 28 109.4 –0.6 –0.8 –0.9
Milk 147 100.5 /// +4.8 –7.7
of which cow milk (2) 137 99.8 /// +5.3 –8.3
Eggs 15 93.1 –14.4 –18.5 –9.6
  • * Except for fresh fruits and vegetables
  • (1) Including vegetables for industry.
  • (2)The April value of cow milk price indice is carried forward in May
  • Sources: INSEE, SSP (ministry in charge of agriculture)

Purchase prices of means of production slightly rose

In May, intermediate consumption prices increased (+0.4%), driven by energy prices which had recovered since February (+11.7% over three months). Capital goods prices grew by 0.4%, following the rise in prices of material for cultivation (+0.5%).

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 May 2016 variation as % over
a month 3 months a year
Total input 1000 107.7 +0.4 +0.4 –2.9
Intermediate consumptions 764 108.1 +0.4 +0.5 –3.6
Energy 100 93.8 +6.2 +11.7 –11.8
Seeds 57 106.9 0.0 –0.7 –1.7
Fertilisers and soil improvers 92 112.5 –2.4 –1.1 –7.7
Plant protection products 78 99.8 –0.2 +0.4 –1.1
Animal feed 205 111.4 –0.3 –2.2 –5.7
Veterinary expenses 43 117.3 +0.3 +0.7 +2.9
Small equipment and tools 17 107.1 +0.6 –0.6 –0.4
Maintenance of materials 67 113.3 +0.1 –0.2 +0.2
Maintenance of buildings 9 106.6 +0.1 +0.1 –0.3
Other goods and services 97 105.4 0.0 +0.1 +4.3
Goods and services contributing to investment 236 106.9 +0.4 +0.1 –0.3
Material 186 108.1 +0.5 0.0 +0.3
Tractors 79 108.1 +0.7 –0.2 +0.3
Machinery and equipment for cultivation 36 110.7 +0.8 +0.4 +1.4
Machinery and equipment for harvesting 42 108.4 +0.2 +0.2 +0.6
Utility vehicles 18 104.1 0.0 0.0 –1.0
Buildings 50 102.1 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)