29 September 2017
2017- n° 265In August 2017, overall agricultural prices rose by 1.9% over one year Indices of agricultural prices - August 2017
In August 2017, overall agricultural products prices increased by 1.9% over one year, at a faster pace than in July (+1,2%). Excluding fruits and vegetables, they decreased by 0.9% over one month and rose by 2.7% over one year.
In August 2017, overall agricultural products prices increased by 1.9% over one year, at a faster pace than in July (+1,2%). Excluding fruits and vegetables, they decreased by 0.9% over one month and rose by 2.7% over one year.
Cereal prices dropped back
In August 2017, overall cereal prices declined over a month by 4,2% after increasing the last two monthes. The decrease is stronger for soft wheat (−5,8%) than grain maïze (−3,2%). Expectations of very good crops, particularly around the Black Sea, pushed down prices. Their fall was accentuated by the appreciation of the euro against the dollar.
Oilseed prices did not change much in a month (−0,5%). Sunflower prices went down sharply (−3,8%), and the decline was even sharper for soy (−6,2%), due, for the latter, to better weather conditions in the United States. In contrast, rape prices still rose slightly (+0,7%).
graphiqueGraph1 – Producer prices of cereals
- Source: INSEE
Further drop in fresh fruit and vegetable prices
In August 2017, fresh fruit and vegetable prices continued to go down over one year (−7,0%), due to the abundance of supply linked to excellent sun conditions. In particuliar, apricot (−39,3% over one year) and tomato (−22,5%) prices fell strongly. The market is less unbalanced for peaches and nectarines (−3,8%). Also for climatic reasons, the acceleration of the melon maturity at the beginning of the summer resulted in a lower supply in August and a rally of its price (+17,1% over one year after −38,2% in July).
graphiqueGraph2 – Producer prices of fresh vegetables
- Source: SSP (ministry in charge of agriculture)
Falling pig price
Animal prices kept on decreasing overall in August (−1.0%, +2.1% over one year). Indeed, pig price fell for the fourth month in a row. It has thus declined by 15.3% since April 2017 and decreased by 1.3% over one year. This trend reversal is partly due to the retreat in Chinese demand. However, large cattle price increased over the month (+0.3%) and accelerated over one year (+5.9% after 4.8%).
graphiqueGraph3 – Producer prices of pigs and large cattle
- Source: INSEE
Vigourous rise in milk and eggs prices
Cow's milk price increased by 19.1% over one year in July and egg price soared by over 33.9% in August. Strong global demand for butter explains the further increase in milk price. The demand for French eggs was stimulated by the "fipronil crisis".
tableautable1 – Indice of producer prices of agricultural products (IPPAP)
| Variation as % over | |||||
|---|---|---|---|---|---|
| Weights | August 2017 | a month | 3 months | a year | |
| Agricultural goods output | 1000 | 114.7 | /// | /// | +1.9 |
| excluding fruits and vegetables | 900 | 116.5 | –0.9 | –1.2 | +2.7 |
| Crop output (excluding fruits and vegetables) | 505 | 119.5 | –1.3 | –0.3 | –1.0 |
| Cereals | 188 | 98.5 | –4.2 | –0.2 | –2.7 |
| of which soft wheat | 112 | 95.2 | –5.8 | 0.0 | –5.0 |
| grain maize | 41 | 91.9 | –3.2 | –8.6 | –4.2 |
| Potatoes | 26 | 243.6 | /// | /// | –0.7 |
| Wines | 177 | 133.5 | –1.2 | –0.4 | 0.0 |
| protected designation of origin | 84 | 146.7 | –1.0 | –0.7 | +0.8 |
| other wines | 23 | 128.1 | –4.3 | –0.5 | –4.8 |
| Oleaginous | 49 | 96.0 | –0.5 | –1.9 | –2.2 |
| Horticultural products | 30 | 110.2 | –0.1 | –0.5 | 0.0 |
| Other crop products | 36 | 110.2 | –0.1 | –0.8 | +0.9 |
| Fruits and vegetables (1) | 100 | 98.2 | /// | /// | –7.0 |
| Fresh vegetables | 53 | 90.9 | /// | /// | –7.8 |
| Fresh fruits | 35 | 105.5 | /// | /// | –7.2 |
| Animal output | 395 | 112.7 | –0.4 | –2.3 | +8.4 |
| Animals | 234 | 113.1 | –1.0 | –3.9 | +2.1 |
| of which large cattle | 96 | 118.6 | +0.3 | –1.1 | +5.9 |
| calves | 26 | 98.8 | –0.1 | –6.3 | –2.9 |
| pigs | 54 | 112.0 | –4.5 | –12.9 | –1.3 |
| sheep | 10 | 122.1 | –3.1 | +6.4 | +3.6 |
| poultry | 46 | 109.1 | 0.0 | +0.6 | –0.1 |
| of which chicken | 28 | 109.0 | –0.1 | +0.8 | 0.0 |
| Milk | 147 | 110.7 | /// | +1.2 | +17.6 |
| of which cow milk (2) | 137 | 110.6 | /// | +1.3 | +19.2 |
| Eggs | 15 | 126.7 | +5.2 | –8.1 | +33.9 |
- * cf. methodological note
- /// Absence of meaning due to the nature of these series
- (1) Including vegetables for industry.
- (2) The July value of cow milk price indice has been carried forward in August.
- Sources: INSEE, SSP (ministry in charge of agriculture)
Purchase prices of means of production remained stable over a month
In August 2017, intermediate consumption prices were virtually stable compared to the previous month (−0.1%, +0.7% over a year). Energy prices increased more sharply than in July, a rise partly offset by a further drop in aimal feed prices. Prices of capital goods declined over the month (−0.3%) and slowed over one year (+1.8% after +2.1% in July).
Revision
The variation over one year of IPPAP has been raised by 0.2 points in July to +1,2%; that of IPAMPA has not changed.
graphiqueGraph4 – Purchase prices of the means of agricultural production
- Sources: INSEE, SSP (ministry in charge of agriculture)
tableautable2 – Indices of purchase prices of the means of agricultural production (IPAMPA)
| Variation as % over | |||||
|---|---|---|---|---|---|
| Weights | August 2017 | a month | 3 months | a year | |
| Total input | 1000 | 106.7 | 0.0 | –0.8 | +0.9 |
| Intermediate consumptions | 764 | 106.0 | +0.1 | –1.0 | +0.7 |
| Energy | 100 | 96.8 | +2.0 | –0.7 | +6.8 |
| Seeds | 57 | 106.2 | +0.2 | –0.3 | –1.7 |
| Fertilisers and soil improvers | 92 | 97.5 | –0.1 | –5.9 | –1.0 |
| Plant protection products | 78 | 97.9 | 0.0 | –0.5 | –1.2 |
| Animal feed | 205 | 112.6 | –0.4 | –0.7 | 0.0 |
| Veterinary expenses | 43 | 119.7 | –0.3 | +0.2 | +1.0 |
| Small equipment and tools | 17 | 107.6 | +0.1 | +0.3 | –1.1 |
| Maintenance of materials | 67 | 115.9 | +0.3 | +0.4 | +1.9 |
| Maintenance of buildings | 9 | 108.6 | 0.0 | +0.1 | +1.5 |
| Other goods and services | 97 | 102.6 | 0.0 | +0.1 | +0.4 |
| Goods and services contributing to investment | 236 | 109.1 | –0.3 | –0.4 | +1.8 |
| Material | 186 | 110.0 | –0.4 | –0.5 | +1.6 |
| Tractors | 79 | 111.7 | –0.6 | –1.0 | +2.9 |
| Machinery and equipment for cultivation | 36 | 111.5 | 0.0 | –0.3 | +0.8 |
| Machinery and equipment for harvesting | 42 | 109.0 | –0.3 | –0.5 | +0.6 |
| Utility vehicles | 18 | 105.1 | +0.3 | +1.0 | +1.4 |
| Buildings | 50 | 105.6 | 0.0 | +0.4 | +2.6 |
- (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2017.
- Sources: INSEE, SSP (ministry in charge of agriculture)
Documentation
Methodology (pdf,122 Ko)
Pour en savoir plus
Time series : Indices of agricultural prices
