In June 2016, oil prices slowedPrices of oil and raw material imports - June 2016

In June 2016, the crude oil price in euros increased less strongly than in May (+3.5% after +11.9%). At €43.2 on average per barrel, the Brent price remained however significantly lower than one year ago (-22.4%).

In June 2016, the crude oil price in euros increased less strongly than in May (+3.5% after +11.9%). At €43.2 on average per barrel, the Brent price remained however significantly lower than one year ago (−22.4%).

Prices in euros of the other imported commodities grew (+3.0% after +1.3%), driven up by raw food materials prices that rose markedly again (+4.6% after +6.7%). Prices of industrial raw materials revived (+1.8% after −2.1%).

Oil prices increased less strongly than in May

In June, the price of crude oil from the North Sea (Brent) in euros decelerated (+3.5% after +11.9%). In dollars, the price rise was less marked (+2.9% after +11.6%) because the euro depreciated slightly during the month.

tabpetrole – Oil and petroleum products

in euros
Oil and petroleum products
Prices Change (%)
of last month over the last month over the last 3 months over the last 12 months
Brent in $ per barrel 48.5 2.9 24.1 –22.2
Brent in € per barrel 43.2 3.5 23.0 –22.4
Gasoline €/L 0.35 –3.2 23.3 –24.9
Gas Oil 396.0 5.5 24.0 –23.4
Heavy fuel 239.9 11.6 47.1 –26.4
Naphtha 373.9 6.9 20.9 –22.7
  • Prices are in euros per tonne unless otherwise specified
  • Source: INSEE

G_petrole_ang – Oil (Brent)

  • Source: INSEE

Prices of raw food materials hardly slowed

Prices of raw food materials in euros went up sharply again (+4.6% after +6.7%). The price rise in oil seeds and vegetable oils eased (+5.6% after +12.5%), as a result of plentiful sunflower crops. The price of soybean meal decelerated strongly (+9.3% after +24.3%). Prices of cereals stalled as well (+4.2% after +7.2%), due to a lesser increase in rice price (+2.8% after +9.1%). The price of beef meat continued to reduce (−2.5% after −0.1%). For the second consecutive month, the price of sugar has expanded sharply (+16.6% after +11.6% in May), as a result of heavy rains that halted crops in Brazil. Morerover, high volumes of cane output were allocated to ethanol making.

G_alim_ang – Food

  • Source: INSEE

Prices of industrial raw materials picked up

Prices of industrial raw materials in euros recovered (+1.8% after −2.1%). Prices of minerals bounced back (+2.2% after −3.0%). Indeed, prices of non-ferrous metals picked up (+4.0% after −2.1%), driven up by the rebound in lead prices (+5.9% after −5.5%). The recovery in palladium prices (+10.3% after −11.9%) drove up that of precious metals (+3.2% after −0.7%). However, the price of iron ore dropped anew (−5.8% after −7.6%). The rise in agricultural raw materials prices slowed (+0.7% after +1.2%), due to a lesser increase in sawn softwood (+1.3% after +6.7%).

G_indus_ang – Industrial raw materials

  • Source: INSEE

G_ensemble_ang – Imported raw materials (excluding energy)

  • Source: INSEE

tabmatprem – Imported raw materials (excluding energy) in euros

base 100 in 2000
Imported raw materials (excluding energy) in euros
Index Changes (%)
of last month over the last month over the last 3 months over the last 12 months
Food total 225.3 4.6 11.0 1.5
Tropical foodstuffs 211.7 5.0 4.3 –3.6
Oil seeds, vegetable oils 262.2 5.6 24.6 10.2
Cereals 165.7 4.2 11.8 12.6
Sugar 192.8 16.6 24.2 64.4
Beef meat 146.9 –2.5 –10.6 –21.9
Industrial raw materials 152.3 1.8 1.3 –5.3
Agricultural raw materials 113.6 0.7 3.1 –1.8
Natural Fibres 126.4 5.4 10.6 0.8
Natural rubber 131.4 –6.5 –2.4 –25.9
Hides 74.3 1.9 –1.5 –22.7
Wood pulp 97.2 1.9 0.9 –5.7
Tropical wood 105.5 –1.6 –0.9 –8.7
Sawn softwood 102.5 1.3 8.4 9.2
Minerals 173.6 2.2 0.8 –6.5
Iron ore 338.6 –5.8 –8.3 –17.7
Non-ferrous metals 146.2 4.0 2.8 –5.8
Precious metals 241.1 3.2 4.8 2.3
All commodities 172.1 3.0 5.2 –2.5
  • Source: INSEE