27 October 2017
2017- n° 285In September 2017, agricultural prices rose by 0.6% over one year Indices of agricultural prices - September 2017
In September 2017, agricultural products prices slowed down : +0.6% over one year after +1,7% in August. Excluding fruit and vegetables, they increased slightly over one year (+0.3%) and went down by 1.4% over one month.
In September 2017, agricultural products prices slowed down : +0.6% over one year after +1,7% in August. Excluding fruit and vegetables, they increased slightly over one year (+0.3%) and went down by 1.4% over one month.
Weaker decline in cereal prices
In September 2017, overall cereal prices continued to decline (−0.5% over one month after −4.2%). Soft wheat prices fell less strongly than the previous month (−0.5% after −5.8 %). The abundant global supply of soft wheat met with a dynamic demand as markets questionned about Russia's export capacity. Grain maïze prices are almost unchanged (+0,1%). Oilseed prices decreased again (−1.1%). Especially rapeseeds prices faltered (−0.4% after +0.7 %), under the impact of the announcement of EU tax duties cuts on Argentine biodiesel imports.
graphiqueGraph1 – Producer prices of cereals
Huge drop in potatoes prices
In September 2017, potatoes prices decreased by 34.0 % over a year, due to the sharp decline of the first ware potatoes prices of the 2017-2018 season. Fresh fruit prices rose 4.0% over a year, driven by higher prices for apples (+5.7%) and grapes (+19.0%). Prices for fresh vegetables picked up (+2.5% over a year) following the seasonal products prices rise.
graphiqueGraph2 – Producer prices of fresh vegetables
Pig prices down, cattle prices up
The price of animals kept on decreasing in September (−0.6% over a month). Pig prices decline accelerated : −6.3% over one month and −10.3% over one year. The reduction of export opportunities, the weakness of domestic demand and the competition between european producers dragged prices down. By contrast, cattle prices continue to rise (+1.6%, +8.2% over a year). They are back to their levels of 2015 fall.
graphiqueGraph3 – Producer prices of pigs and large cattle
Soaring egg prices
Eggs of French origin are still very much in demand, due to the crisis of Fipronil. Their prices surged by 23.0% over one month (+ 32.8% over one year). The price of cow's milk rose by 18.0% over one year in August, in line with the strong global demand for butter.
tableautable1 – Indice of producer prices of agricultural products (IPPAP)
Variation as % over | |||||
---|---|---|---|---|---|
Weights | Sept 2017 | a month | 3 months | a year | |
Agricultural goods output | 1000 | 114.0 | /// | /// | +0.6 |
excluding fruits and vegetables | 900 | 114.7 | –1.4 | –2.4 | +0.3 |
Crop output (excluding fruits and vegetables) | 505 | 116.0 | –2.8 | –3.7 | –4.1 |
Cereals | 188 | 98.0 | –0.5 | –3.4 | –0.6 |
of which soft wheat | 112 | 94.7 | –0.5 | –4.6 | –2.3 |
grain maize | 41 | 92.0 | +0.1 | –6.8 | –2.9 |
Potatoes | 26 | 166.0 | /// | /// | –34.0 |
Wines | 177 | 135.8 | +1.9 | +0.8 | +0.5 |
protected designation of origin | 84 | 152.0 | +3.9 | +2.8 | +3.0 |
other wines | 23 | 125.7 | –1.9 | –5.6 | –8.0 |
Oleaginous | 49 | 94.9 | –1.1 | –0.5 | –5.9 |
Horticultural products | 30 | 109.6 | –0.5 | –0.7 | –0.5 |
Other crop products | 36 | 109.6 | –0.5 | –1.0 | +0.5 |
Fruits and vegetables (1) | 100 | 107.6 | /// | /// | +2.8 |
Fresh vegetables | 53 | 98.1 | /// | /// | +2.5 |
Fresh fruits | 35 | 121.5 | /// | /// | +4.0 |
Animal output | 395 | 113.0 | +0.6 | –0.8 | +6.7 |
Animals | 234 | 112.4 | –0.6 | –3.3 | +0.8 |
of which large cattle | 96 | 120.5 | +1.6 | +0.4 | +8.2 |
calves | 26 | 102.4 | +3.6 | –0.5 | –0.2 |
pigs | 54 | 105.0 | –6.3 | –13.2 | –10.3 |
sheep | 10 | 118.3 | –3.1 | –3.0 | +0.8 |
poultry | 46 | 109.0 | –0.1 | 0.0 | –0.3 |
of which chicken | 28 | 109.0 | 0.0 | 0.0 | +0.2 |
Milk | 147 | 109.7 | /// | +1.4 | +14.4 |
of which cow milk (2) | 137 | 109.5 | /// | +1.5 | +15.6 |
Eggs | 15 | 155.8 | +23.0 | +15.5 | +32.8 |
- * 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 went up slightly over a month
Intermediate consumption prices accelerated (+0.5% in September after +0.2% in August). They are 1.1% above their September 2016 level. This new rise came mainly from energy prices (+3.1% over one month) and fertilisers and soil improvers (+1.3%). However, animal feed decreased again (−0.5%). Capital goods prices were almost stable over one month (+0.1%) and increased by 2.1% year-on-year.
Revision
The variation over one year of IPPAP has been reduced by 0.2 points in August to +1.7%; that of IPAMPA has been rosen by 0.2 points to +0.2%.
graphiqueGraph4 – Purchase prices of the means of agricultural production
tableautable2 – Indices of purchase prices of the means of agricultural production (IPAMPA)
Variation as % over | |||||
---|---|---|---|---|---|
Weights | Sept 2017 | a month | 3 months | a year | |
Total input | 1000 | 107.2 | +0.3 | +0.3 | +1.3 |
Intermediate consumptions | 764 | 106.5 | +0.5 | +0.4 | +1.1 |
Energy | 100 | 99.8 | +3.1 | +6.1 | +8.7 |
Seeds | 57 | 106.4 | +0.2 | +0.1 | –1.5 |
Fertilisers and soil improvers | 92 | 98.7 | +1.3 | –0.7 | +0.9 |
Plant protection products | 78 | 98.1 | +0.2 | –0.2 | –1.1 |
Animal feed | 205 | 112.1 | –0.5 | –1.0 | –0.2 |
Veterinary expenses | 43 | 120.1 | +0.3 | +0.7 | +1.3 |
Small equipment and tools | 17 | 107.5 | –0.5 | +0.4 | –1.6 |
Maintenance of materials | 67 | 116.1 | +0.2 | +0.4 | +2.1 |
Maintenance of buildings | 9 | 108.9 | 0.0 | +0.3 | +1.8 |
Other goods and services | 97 | 102.5 | –0.1 | –0.1 | +0.4 |
Goods and services contributing to investment | 236 | 109.6 | +0.1 | +0.1 | +2.1 |
Material | 186 | 110.6 | +0.1 | 0.0 | +2.0 |
Tractors | 79 | 112.8 | +0.1 | –0.1 | +3.8 |
Machinery and equipment for cultivation | 36 | 111.8 | 0.0 | 0.0 | +0.7 |
Machinery and equipment for harvesting | 42 | 109.3 | 0.0 | –0.1 | +0.8 |
Utility vehicles | 18 | 104.4 | –0.4 | +0.2 | +0.2 |
Buildings | 50 | 105.9 | 0.0 | +0.3 | +2.8 |
- (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