30 November 2017
2017- n° 322In October 2017, agricultural prices slowed again (+0.3% over one year) Indices of agricultural prices - October 2017
In October 2017, agricultural products prices slowed down again : +0.3% over one year, after +0.8% in september and +1.7% in August. Excluding fruits and vegetables, they accelerated sharply (+0.9% over one year and +1.6% over one month).
In October 2017, agricultural products prices slowed down again : +0.3% over one year, after +0.8% in september and +1.7% in August. Excluding fruits and vegetables, they accelerated sharply (+0.9% over one year and +1.6% over one month).
Moderate increase for soft wheat, decline for grain maize and oilseeds
In October 2017, overall cereal prices did not change much (−0.2% over one month). Soft wheat prices went up slightly (+0.4%) after two months of decrease (−0.5% in September and −5.8% in August). The abundance of Russian supply is still weighing on prices but global demand remains dynamic. Grain maize prices fell by 2.1% in one month as crop yields have been better than expected in the United States and France. Oilseed prices dropped again (−0.7% over one month and over one year −9.0%). The prices of rapeseed were almost unchanged (−0.1%), supported by the decline of the euro against the dollar.
graphiqueGraph1 – Producer prices of cereals
Vegetables prices lost more than 11%
In October 2017, fresh vegetables prices fell by 11.4% over a year. It concerned especially salads (−13.4%) and endives (−13.8%) for which supply grew up while demand was sluggish. Fresh fruit Prices rose by 3.1% over a year. The rise is more pronounced for pears (+7.0%) and grapes (+18.1%) than for apples (+ 2.1%).
graphiqueGraph2 – Producer prices of fresh vegetables
Increase of animal prices
Animal prices bounced back in October (+1.1% over one month after −0.6% in September). Pork prices are stable while cattle prices went up by 1.7%. Climatic conditions in October kept cattle herds in the meadows, limiting the supply to slaughterhouses. Over a year, cattle prices rose 8.6% whereas pigs prices declined by 11,0% and fell back to spring 2016 levels.
graphiqueGraph3 – Producer prices of pigs and large cattle
Egg prices soared again
Eggs of French origin are still very much in demand, as the Fipronil crisis has reduced eggs availability in Europe. Their prices increased by 34.7% over one month (+62.9% over one year). The price of cow's milk benefited from the strong demand for butter: it gained 18.4% over one year in September.
tableautable1 – Index of producer prices of agricultural products (IPPAP)
Variation as % over | |||||
---|---|---|---|---|---|
Weights | Oct 2017 | a month | 3 months | a year | |
Agricultural goods output | 1000 | 116.2 | /// | /// | +0.3 |
excluding fruits and vegetables | 900 | 116.8 | +1.6 | –0.6 | +0.9 |
Crop output (excluding fruits and vegetables) | 505 | 116.8 | +1.0 | –3.4 | –4.2 |
Cereals | 188 | 97.8 | –0.2 | –4.9 | –3.4 |
of which soft wheat | 112 | 95.1 | +0.4 | –5.9 | –3.4 |
grain maize | 41 | 90.1 | –2.1 | –5.1 | –8.3 |
Potatoes | 26 | 169.5 | /// | /// | –30.5 |
Wines | 177 | 137.9 | +2.1 | +2.5 | +1.8 |
protected designation of origin | 84 | 154.1 | +2.5 | +4.8 | +4.7 |
other wines | 23 | 132.3 | +5.3 | –1.2 | –6.2 |
Oleaginous | 49 | 94.2 | –0.7 | –2.4 | –9.0 |
Horticultural products | 30 | 111.3 | +1.6 | +0.9 | +0.5 |
Other crop products | 36 | 110.1 | –0.3 | –0.9 | +0.8 |
Fruits and vegetables (1) | 100 | 110.6 | /// | /// | –4.2 |
Fresh vegetables | 53 | 96.8 | /// | /// | –11.4 |
Fresh fruits | 35 | 131.1 | /// | /// | +3.1 |
Animal output | 395 | 116.7 | +2.4 | +3.1 | +8.1 |
Animals | 234 | 113.6 | +1.1 | –0.6 | +1.1 |
of which large cattle | 96 | 122.6 | +1.7 | +3.6 | +8.6 |
calves | 26 | 105.5 | +3.0 | +6.7 | +2.2 |
pigs | 54 | 105.0 | 0.0 | –10.5 | –11.0 |
sheep | 10 | 117.2 | –0.9 | –7.0 | –1.4 |
poultry | 46 | 108.9 | –0.1 | –0.2 | –0.2 |
of which chicken | 28 | 108.8 | –0.2 | –0.3 | +0.1 |
Milk | 147 | 112.4 | /// | +1.5 | +13.5 |
of which cow milk (2) | 137 | 112.1 | /// | +1.4 | +14.3 |
Eggs | 15 | 209.8 | +34.7 | +74.3 | +62.9 |
- * cf. methodological note
- /// Absence of meaning due to the nature of these series
- (1) Including vegetables for industry.
- (2) The September value of cow milk price index has been carried forward in October. The previous month variation is the one commented in the text : +18.4% over one year in September 2017
- Sources: INSEE, SSP (ministry in charge of agriculture)
Purchase prices of means of production went up slightly over a month
Intermediate consumption prices slowed down (+0.2% in October after +0.5% in September). They rose 0.9% over one year (after + 1.1%). Energy prices (+1.6% over one month) and fertilisers and soil improvers prices (+2.1% over one month) increased again while animal feed prices kept declining (−0.7%). Capital goods prices went up 0.5% over one month and increased by 2.3% over a year.
Revision
The variation over one year of IPPAP has been rosen by 0.2 points in September to +0.8%; that of IPAMPA has not changed at +1.3%.
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 | Oct 2017 | a month | 3 months | a year | |
Total input | 1000 | 107.4 | +0.2 | +0.8 | +1.2 |
Intermediate consumptions | 764 | 106.6 | +0.2 | +0.9 | +0.9 |
Energy | 100 | 101.4 | +1.6 | +6.8 | +5.4 |
Seeds | 57 | 106.1 | –0.3 | +0.2 | –1.2 |
Fertilisers and soil improvers | 92 | 100.7 | +2.1 | +3.6 | +3.2 |
Plant protection products | 78 | 98.1 | 0.0 | +0.4 | –1.1 |
Animal feed | 205 | 111.3 | –0.7 | –1.5 | –0.6 |
Veterinary expenses | 43 | 120.4 | +0.2 | +0.7 | +1.4 |
Small equipment and tools | 17 | 106.7 | –0.7 | –1.0 | –1.9 |
Maintenance of materials | 67 | 116.0 | –0.1 | +0.3 | +2.0 |
Maintenance of buildings | 9 | 109.2 | 0.0 | +0.3 | +1.9 |
Other goods and services | 97 | 102.1 | +0.1 | –0.1 | –0.1 |
Goods and services contributing to investment | 236 | 110.0 | +0.5 | +0.5 | +2.3 |
Material | 186 | 111.1 | +0.5 | +0.6 | +1.9 |
Tractors | 79 | 113.9 | +1.0 | +1.3 | +4.1 |
Machinery and equipment for cultivation | 36 | 112.0 | +0.2 | +0.4 | +1.5 |
Machinery and equipment for harvesting | 42 | 109.6 | +0.3 | +0.3 | –0.2 |
Utility vehicles | 18 | 103.6 | –0.8 | –1.1 | –1.0 |
Buildings | 50 | 105.8 | 0.0 | –0.1 | +3.6 |
- (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