In January 2018, agricultural prices fell by 1.1% over one yearIndices of agricultural prices - January 2018

In January 2018, agricultural products prices decreased by 1.1% over one year (after +0.3%). Excluding fruits and vegetables, they went down by 1.0% over one month and by 0.6% over one year (after +0.5%).

Informations rapides
No 59
Paru le : 06/03/2018
Prochaine parution le : 27/04/2018 at 12:00 - March 2018

Information : in accordance with the European directives, index of producer prices of agricultural products and indices of purchase prices of the means of agricultural production are disseminated in reference year 2015=100 from the current issue. Additional information about changes of the base year indices is available on the Web page of these indicators (flag: Documentation).

In January 2018, agricultural products prices decreased by 1.1% over one year (after +0.3%). Excluding fruits and vegetables, they went down by 1.0% over one month and by 0.6% over one year (after +0.5%).

New Decline in prices for cereals and oilseeds

In January 2018, soft wheat prices decreased by 0.7% over a month and by 10.5% over a year because of the dollar fall against the euro and because of better than expected outlook for production in the United States. Grain maize prices went also down by 2.2% in one month. Oilseeds prices continue to slide over a month (−3.8% after −3.3%) and over a year (−18.4%) as supply exceeded demand.

Graph1 – Producer prices of cereals

  • Source: INSEE

Fresh vegetables prices down, fresh fruits up

In January 2018, fresh vegetables prices dropped by 23.4% over a year due to cauliflower and salad prices. Prices for fresh fruit increased by 15.5% over a year, pulled up by those of kiwifruit, clementines, apples and pears.

Graph2 – Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Animals prices fell down

Animal prices decreased by 1.2% in January 2018. Pig prices lost 2.7% over a month which deepened their decline over a year (−13.5%). Prices for cattle faltered for the third consecutive month (−1.2% in January) but still increased over one year (+2.1%).

Graph3 – Producer prices of pigs and large cattle

  • Source: INSEE

Egg prices slipped back

After rising for several months due to the fipronil crisis, egg prices fell sharply in January (−12.6% over one month). They remained up by 67.7% over one year. Prices of cow's milk increased by 10.7% over one year in December in connection with the huge rise in butter prices.

table1 – Index of producer prices of agricultural products (IPPAP)

Seasonnaly adjusted* - base and reference 100 in 2015
Index of producer prices of agricultural products (IPPAP)
Variation as % over
Weights Jan 2018 a month 3 months a year
Agricultural goods output 1000 103.6 /// /// –1.1
excluding fruits and vegetables 906 103.5 –1.0 0.0 –0.6
Crop output (excluding fruits and vegetables) 489 101.8 –0.4 0.0 –4.7
Cereals 152 90.5 –0.5 –2.0 –8.1
of which soft wheat 90 89.1 –0.7 –3.2 –10.5
grain maize 27 95.0 –2.2 +0.7 –10.8
Potatoes 29 120.3 /// /// –32.0
Wines 200 110.4 +0.3 +2.6 +6.7
protected designation of origin 112 119.5 +0.4 +3.5 +10.9
other wines 25 94.3 +0.2 +5.4 +3.2
Oleaginous 40 89.3 –3.8 –4.6 –18.4
Horticultural products 35 103.5 –0.1 +0.3 –1.2
Other crop products 33 99.4 0.0 –4.6 –4.9
Fruits and vegetables (1) 94 105.3 /// /// –6.6
Fresh vegetables 45 101.6 /// /// –23.4
Fresh fruits 32 120.6 /// /// +15.5
Animal output 417 105.4 –1.6 –0.1 +4.4
Animals 255 98.8 –1.2 –1.2 –2.0
of which large cattle 112 98.5 –1.2 –2.2 +2.1
calves 20 100.5 –1.1 –0.4 +0.8
pigs 49 100.2 –2.7 +0.3 –13.5
sheep 14 98.6 –1.7 –0.2 +4.9
poultry 57 97.4 –0.2 –1.1 –1.2
of which chicken 39 97.2 –0.3 –1.2 –1.2
Milk 146 108.6 /// 0.0 +8.1
of which cow milk (2) 135 109.2 /// 0.0 +8.7
Eggs 16 179.9 –12.6 +8.4 +67.7
  • * cf. methodological note
  • /// Absence of meaning due to the nature of these series
  • (1) Including vegetables for industry.
  • (2) The December value of cow milk price index has been carried forward in January. The previous month variation is the one commented in the text: +10,7% over one year in December 2017.
  • Sources: INSEE, SSP (ministry in charge of agriculture)

Increase of purchase prices of means of production over a year

Intermediate consumption prices went up by 0.9% over a month in January 2018. Energy prices bounced back: +4.3% over one month after −0.1% in December (+6.5% over a year after +2.0%). Fertilizers and amendments prices went up by 0.7% over one month while animal feeds prices increased by 0.5%. Capital goods prices were nearly unchanged in January (−0.1%) and rose by 2.7% over one year.

Graph4 – Purchase prices of the means of agricultural production

  • Sources: INSEE, SSP (ministry in charge of agriculture)

table2 – Indices of purchase prices of the means of agricultural production (IPAMPA)

Raw data - base and reference 100 in 2015
Indices of purchase prices of the means of agricultural production (IPAMPA)
Variation as % over
Weights Jan 2018 a month 3 months a year
Total input 1000 99.8 +0.7 +0.9 +1.2
Intermediate consumptions 760 98.5 +0.9 +1.1 +0.7
Energy 93 111.9 +4.3 +7.6 +6.5
Seeds 56 96.3 –0.1 –0.7 –0.6
Fertilisers and soil improvers 107 87.3 +0.7 +2.1 –0.5
Plant protection products 84 97.1 –0.1 –1.8 –1.4
Animal feed 214 94.8 +0.5 –0.1 –1.0
Veterinary expenses 37 105.7 +0.1 +0.3 +1.8
Small equipment and tools 11 99.2 +0.3 +0.6 –0.7
Maintenance of materials 88 103.7 +0.9 +1.1 +2.4
Maintenance of buildings 9 103.2 0.0 0.0 +1.2
Other goods and services 61 102.1 +0.2 +0.2 +0.3
Goods and services contributing to investment 240 103.9 –0.1 +0.2 +2.7
Material 168 103.8 –0.1 +0.2 +2.5
Tractors 71 106.4 +0.1 –0.2 +4.6
Machinery and equipment for cultivation 38 103.5 –0.1 +0.9 +2.4
Machinery and equipment for harvesting 38 102.2 –0.1 +0.3 +0.1
Utility vehicles 16 99.0 –0.8 –0.2 –0.4
Buildings 72 104.1 0.0 0.0 +3.2
  • (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2018.
  • Sources: INSEE, SSP (ministry in charge of agriculture)