In September 2016, oil price is almost unchangedPrices of oil and raw material imports - September 2016

In September 2016, the crude oil price in euros was practically stable (+0.1% after +1.0%). At €41.2 on average per barrel, the Brent price approached its level of October 2015 (42.2€). Prices in euros of the other imported commodities went down for the second month in a row (−1,2% after −2.0%): raw food materials prices decreased again − less than in August, however (−1.0% after −3.7%) − and the prices of industrial raw materials slid further (−1.3% after −0.9%).

Informations rapides
No 271
Paru le : 18/10/2016
Prochaine parution le : 20/09/2017 at 12:00 - August 2017

Erratum: this Informations Rapides replaces and supersedes the issue published on 18 October 2016 at 12 am, the month was wrong in the first sentence of the second paragraph.

In September 2016, the crude oil price in euros was practically stable (+0.1% after +1.0%). At €41.2 on average per barrel, the Brent price approached its level of October 2015 (42.2€). Prices in euros of the other imported commodities went down for the second month in a row (−1,2% after −2.0%): raw food materials prices decreased again − less than in August, however (−1.0% after −3.7%) − and the prices of industrial raw materials slid further (−1.3% after −0.9%).

Oil price was practically unchanged

In September, the price in euros of crude oil from the North Sea (Brent) was virtually stable (+0.1% after +1.0%). Expressed in dollars, the price of a barrel was also almost unchanged (+2.4% after −7.0%) since the euro-dollar exchange rate remained stable over the month.

G_petrole_ang – Oil (Brent)

  • Source : INSEE

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 46.2 0.1 –4.7 –2.2
Brent in € per barrel 41.2 0.1 –4.5 –2.2
Gasoline €/L 0.339 4.2 –4.4 6.8
Gas Oil 373.4 2.6 –5.7 –11.0
Heavy fuel 246.6 0.3 2.8 11.3
Naphtha 349.1 8.3 –6.4 –5.0
  • Prices are in euros per tonne unless otherwise specified
  • Source : INSEE

The decline in raw food material prices eased

Expressed in euros, the prices of raw food materials fell for the third month in a row but this decline eased (−1.0% after −3,7% in August and −2.1% in July). Cereal prices fell less than in August (−3.8% after −9.2%), since the decline in rice price was less pronounced (−7.3% after −10.4%). Despite a decrease in the cacao price, tropical foodstuff prices went down at a slower pace (−0.3% after −2.3%) because of a rebound in arabica and robusta prices. The prices of oil seeds and vegetable oils were practically stable (−0.1%), after two month of significant decrease

(−4.7% on average). The price of sugar went on increasing (+6.6% after +0.3%), because of reduced crop forecasts in Bresil. However, the price of beef meat decreased more than in August (−6.3% after −1.3%), as the growing slaughters of dairy cows expanded an already high supply.

G_alim_ang – Food

  • Source : INSEE

Industrial commodity prices fell again

The prices in euros of industrial raw materials fell again in September (−1.3% after −0.9%). Minerals prices continued to decline (−1.3% after −0.9%). The price of iron ore fell back (−6.3% after +5.5%). Precious metals prices declined again (−0.8% after −3.7%). In contrast, the prices of non-ferrous metals were unchanged, after −2.1% in August. The prices of agricultural raw materials also slid (−1.2% after −1.0%), particulary sawn softwood (−3.8% after −0.5%).

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 210.3 –1.0 –6.7 –0.3
Tropical foodstuffs 210.2 –0.3 –0.7 –2.4
Oil seeds, vegetable oils 234.8 –0.1 –10.5 –1.0
Cereals 143.4 –3.8 –13.4 –2.0
Sugar 213.3 6.6 10.6 88.7
Beef meat 134.3 –6.3 –8.6 –12.9
Industrial raw materials 153.4 –1.3 0.7 3.4
Agricultural raw materials 114.1 –1.2 0.5 7.7
Natural Fibres 132.9 –2.7 5.2 13.2
Natural rubber 139.2 2.3 5.9 13.5
Hides 75.5 0.1 1.6 –2.7
Wood pulp 98.0 –0.3 0.9 –3.5
Tropical wood 97.8 0.2 –7.3 –14.3
Sawn softwood 100.8 –3.8 –1.7 27.5
Minerals 175.0 –1.3 0.8 2.3
Iron ore 374.3 –6.3 10.5 0.5
Non-ferrous metals 143.3 0.0 –2.0 –0.1
Precious metals 258.1 –0.8 7.0 18.8
All commodities 168.0 –1.2 –2.4 1.6
  • Source : INSEE