Informations rapides
27 October 2016
2016- n° 282
In September 2016, overall agricultural producer prices fell back by 0,9 % over one year Indices of agricultural prices - September 2016

In September 2016, overall producer prices of agricultural products decreased compared to last year: −0.9% over one year, after +0.5% in August. Excluding fruits and vegetables, they went down by 0.4% yoy and increased by 0.5% over one month.

Informations rapides
No 282
Paru le :Paru le27/10/2016
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In September 2016, overall producer prices of agricultural products decreased compared to last year: −0.9% over one year, after +0.5% in August. Excluding fruits and vegetables, they went down by 0.4% yoy and increased by 0.5% over one month.

Over the month, cereal prices retreated, oleaginous ones kept up climbing

Cereal prices went down by 2.6% in September as a result of ample global supply, marked by good crops of wheat and maïze in the United-States and in Western Europe.

On the other hand, oleaginous prices continued to rise (+2,7% after +2.2% in August). They were sustained by a drop in rape production in Europe coupled with the upturn in oil prices that revived interest in hydrocarbon substitution by colza.

cereal – Producer prices of cereals

  • Source: INSEE

Over one year, potatoes and fruits became more expensive but vegetables prices tumbled

Potato price was much higher (+26.4%) than in September 2015. The new crop in North-Western Europe was lower than the previous one: bad weather conditions lessened the yields.

Over one year, the prices of fruits and vegetables prices markedly fell back in September (−5.6% after +7.8%). Fresh fruits prices still increased (+5.8% in September after +10.1%): the consumers still favored summer fruits as summer weather persisted. In addition, weather conditions had hampered pear production.

Fresh vegetable prices plummeted in September (−13.9% over one year). Noticeably, melon price sharply dropped reflecting a surge of products in the end of the season, as the demand, however dynamic, was not sufficient to absorb this supply. Tomato price plunged too reflecting a marked increase in greenhouse production.

vegetable – Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Animal prices rebounded slightly

Animal prices picked up in September (+0.6 % over one month after −0.6%). Pig prices kept on growing (+5.9% over one month ; +7.7% yoy), buoyed by dynamic Chinese demand. On the other hand, large cattle prices have been dwindling for one year (−9.6 %) due to a larger amount of dairy cows slaughtering in Europe in relation with the milk crisis.

pig – Producer prices of pigs and large cattle

  • Source: INSEE

Milk price kept on falling (−4.1 % from June to August 2016) due to a huge supply resulting from the end of quotas and the Russian embargo. Egg prices rebounded (+19.1% after −9.4%) following massive slaughtering of hens aimed at cutting the supply.

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) (Seasonnaly adjusted * - base and reference 100 in 2010) -
Variation as % over
Weights Sept. 2016 a month 3 months a year
Agricultural goods output 1000 112.4 /// /// –0.9
excluding fruits and vegetables 900 113.3 +0.5 +0.4 –0.4
Crop output (excluding fruits and vegetables) 505 120.6 +0.1 +1.2 +4.0
Cereals 188 98.6 –2.6 +1.2 –0.9
of which soft wheat 112 96.9 –3.3 +6.7 +4.5
grain maize 41 94.7 –1.3 –8.3 0.0
Potatoes 26 250.2 /// /// +26.4
Wines 177 134.8 +1.0 –0.4 +4.5
protected designation of origin 84 147.6 +1.4 +1.6 +10.8
other wines 23 136.6 +1.6 –8.4 –7.6
Oleaginous 49 100.9 +2.7 +0.8 +1.4
Horticultural products 30 109.4 –0.5 –1.3 +1.1
Other crop products 36 108.6 +0.1 –0.1 +0.8
Fruits and vegetables (1) 100 104.6 /// /// –5.6
Fresh vegetables 53 95.7 /// /// –13.9
Fresh fruits 35 116.8 /// /// +5.8
Animal output 395 103.9 +1.1 –1.0 –6.0
Animals 234 111.3 +0.6 +0.5 –2.6
of which large cattle 96 110.6 –0.2 –2.4 –9.6
calves 26 102.6 +0.8 –1.1 +1.6
pigs 54 117.6 +2.9 +5.9 +7.7
sheep 10 117.9 –0.4 +7.4 +0.4
poultry 46 109.3 +0.1 –0.2 –1.8
of which chicken 28 108.8 –0.2 –0.5 –2.5
Milk 147 91.2 /// –4.1 11.0
of which cow milk (2) 137 89.7 /// –4.5 –11.9
Eggs 15 112.7 +19.1 +2.3 –15.2
  • * Except for fresh fruits, fresh vegetables and potatoes
  • /// Absence of result due to the nature of these series
  • (1) Including vegetables for industry.
  • (2)The August value of cow milk price indice is carried forward in September
  • Sources: INSEE, SSP (ministry in charge of agriculture)

Purchase prices of means of production were stable m-o-m and decreased by 2.6% y-o-y

In September 2016, intermediate consumptions prices were stable over one month. The rise in energy prices, in particular oil products, was offset by the drop in fertilisers and feed prices. Over one year, input prices declined by 3.5%, mostly reflecting the significant fall in fertilisers prices (−16.9%) and the slide in feed prices (−4.5 %). Capital goods prices were stable over one month and increased over one year (+0.7%).

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) (Raw data - base and reference 100 in 2010) -
Weights Sept. 2016 variation as % over
a month 3 months a year
Total input 1000 106.5 0.0 –0.7 –2.6
Intermediate consumptions 764 106.3 0.0 –1.1 –3.5
Energy 100 92.5 +1.3 –3.0 –2.8
Seeds 57 105.3 –0.1 –1.0 –3.1
Fertilisers and soil improvers 92 97.3 –0.8 –6.4 –16.9
Plant protection products 78 100.6 +0.2 +0.1 –0.1
Animal feed : cereals, meals, processed food,… 205 112.3 –0.4 +0.1 –4.5
Veterinary expenses 43 118.6 0.0 +0.8 +3.0
Small equipment and tools 17 108.2 0.0 –0.3 –1.4
Maintenance of materials 67 113.7 0.0 +0.3 +0.4
Maintenance of buildings 9 107.7 0.0 +0.1 +0.9
Other goods and services 97 104.9 –0.1 –0.1 +3.1
Goods and services contributing to investment 236 107.5 0.0 +0.3 +0.7
Material 186 108.4 +0.1 +0.3 +0.7
Tractors 79 108.4 +0.1 +0.1 +0.6
Machinery and equipment for cultivation 36 111.1 +0.4 +0.8 +1.5
Machinery and equipment for harvesting 42 108.4 +0.1 +0.3 +0.7
Utility vehicles 18 104.3 +0.2 –0.1 –0.2
Buildings 50 104.4 0.0 +0.6 +1.0
  • (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)

Revisions

The variation in IPAMPA over one year in August 2016 is lowered by 1.0 point. It amounts to −2.7%, instead of −1.7% due to revisions in raw data (fertilisers, feed and seeds). The variation in the index of producer prices for agricultural products (IPPAP) has not been revised.

Documentation

Methodology (pdf,122 Ko)

Agricultural means of production purchasing price index

Agricultural producer price index

Pour en savoir plus

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Publication calendar

Time series : Indices of agricultural prices