28 July 2016

2016- n° 199

In June 2016, overall agricultural prices increased by 0.8% over one year Indices of agricultural prices - June 2016

In June 2016, overall producer prices of agricultural products increased by 0.8% over one year. Excluding fruits and vegetables, they went up by 2.2% over one month and by 0.4% over one year.

Cereals prices have rebounded for three months, (+9.1%). The exportations were strong, noticeably towards Morocco for wheat. Moreover, the competition from Ukraine and South-America were much weaker as their inventories were being depleted. On the supply side, the heavy rainfalls during the spring lessened the yields and delayed the oncoming harvests in France.

Oleaginous prices have rallied for three months (+6.5%) until June 2016. Rape price increased globally in June despite a downturn in the end of the month due to the return of good weather conditions in the United States and Argentina.

Compared to June 2015, potatoes prices surged (+78.8%). The 2015 crop reached its long-term average whereas the previous one was exceptional.

Over one year, fresh fruits prices went up (+8.7%). Apricot and cherry prices climbed resulting from sharply declining productions, as the strong rains reduced the yields. On the other hand, stawberry price decreased : the cold and rainy weather did not encourage their consumptions. Fresh vegetables prices moderatly increased (+3.3% over oen year). Melon and lettuce prices rose: the supply suffered from the weather that spoiled some open-air vegetables. Conversely, tomato price plummeted. Grown in greenhouses - at 98% - its production has been increasing while this month the consumers tended to turn aside from it due to the weather.

In June, animals prices went up over one month (+1.2 %) after a five month fall. Large cattle prices stepped back over one year (−6,1 %) due to a sluggish demand and the extention of the European livestock since the end of milk quotas. Pig price has firmly picked up since two months (+13.5 % over two months) : the Asian outlet had a significant presence, while the production from North-European showed a slight drop.

Egg price stongly upturned in June following a massive scrap of hens.

In June, intermediate consumption prices dipped slightly over one month (−0.2 %). The decline in fertilisers prices was nearly offset by the slight rise in energy prices and feed prices. Over one year, those same products became less expensive, thus drove intermediate consumption prices downwards (−2.8%). Capital goods prices were almost stable over one month (-0.1%).