31 August 2018
2018- n° 233In July 2018, agricultual prices increased by +1,2% over one year Indices of agricultural prices - July 2018
In July 2018, agricultural producer prices accelerated to +1.2% over one year (after +0.4% in June). Excluding fruit and vegetables, they went up by 0.3% over one year and by 1.2% over one month.
In July 2018, agricultural producer prices accelerated to +1.2% over one year (after +0.4% in June). Excluding fruit and vegetables, they went up by 0.3% over one year and by 1.2% over one month.
Acceleration of cereal prices
In July 2018, cereal prices increased by 7.5% over one month after +3.1% in June. Soft wheat prices gained 8.5% after +6.3% in June and +3.8% in May. In three months, they have jumped by 19.6%. Poor weather conditions in major cropping area, especially drought in Europe, raised fear of a global production decline. This context also supported maize prices (+4.2% over one month) and those of certain oilseeds such as rapeseed, whose price rebounded in July to +3.4% after −1.3% in June. Overall, oilseed prices went up 2.6% over one month after −1.2% in June.
graphiqueGraph1 – Producer prices of cereals
- Source: INSEE
Fruits and vegetable prices up over one year
In July 2018, fruit prices rose by 12.2% over one year. For some summer fruits, prices went up sharply: apricots (+41.4% over one year), peaches and nectarines (+26.5%). Vegetable prices grew by 13.5% over one year. They were driven by the increase in melon prices (+39.2% over one year) and to a lesser extent by salads prices (+16.3%). Melons demand usually increases with the high temperatures as the ones experienced in July.
graphiqueGraph2 – Producer prices of fresh vegetables
- Source: SSP (ministry in charge of agriculture)
Stability of Animal prices over a month
In July 2018, animal prices were stable over a month, after a 0.6% decrease in June. Cattle prices increased by 0.7% over one month, after −0.1% in June. Pigs prices decline went on: −2.6% over one month after −3.3% in June. Over a year, they fell by 17.2%.
graphiqueGraph3 – Producer prices of pigs and large cattle
- Source: INSEE
Egg prices down again
In July 2018, egg prices droped by 7.1% after +4.3% in June. Supply exceeded demand, knowing that demand is not very dynamic in the summer. The price of cow's milk was again on the rise over one year (+1.1% in June after + 0.9% in May).
tableautable1 – Index of producer prices of agricultural products (IPPAP)
| Variation as % over | |||||
|---|---|---|---|---|---|
| Weights | July 2018 | a month | 3 months | a year | |
| Agricultural goods output | 1000 | 104.1 | /// | /// | +1.2 |
| excluding fruits and vegetables | 906 | 104.4 | +1.2 | +2.3 | +0.3 |
| Crop output (excluding fruits and vegetables) | 489 | 108.3 | +2.4 | +4.9 | +3.1 |
| Cereals | 152 | 108.5 | +7.5 | +14.8 | +12.9 |
| of which soft wheat | 90 | 111.5 | +8.5 | +19.6 | +14.0 |
| grain maize | 27 | 104.3 | +4.2 | +2.8 | +5.0 |
| Potatoes | 29 | 125.5 | /// | /// | –23.2 |
| Wines | 200 | 111.2 | 0.0 | –0.3 | +5.7 |
| PDO wines | 112 | 117.8 | –2.4 | –1.8 | +6.3 |
| other wines | 25 | 107.4 | +12.7 | +6.7 | +17.5 |
| Oleaginous | 40 | 91.9 | +2.6 | +3.4 | –3.6 |
| Horticultural products | 35 | 101.0 | –0.8 | +1.6 | –0.8 |
| Other crop products | 33 | 99.8 | +0.1 | +0.6 | –4.7 |
| Fruits and vegetables (1) | 94 | 102.4 | /// | /// | +8.2 |
| Fresh vegetables | 45 | 97.4 | /// | /// | +13.5 |
| Fresh fruits | 32 | 110.5 | /// | /// | +12.2 |
| Animal output | 417 | 99.8 | –0.3 | –1.1 | –3.2 |
| Animals | 255 | 97.4 | 0.0 | –0.1 | –3.1 |
| of which large cattle | 112 | 98.6 | +0.7 | +1.1 | +0.9 |
| calves | 20 | 102.1 | +1.6 | +1.3 | +4.6 |
| pigs | 49 | 90.0 | –2.6 | –5.5 | –17.2 |
| sheep | 14 | 102.7 | +0.6 | +2.7 | –3.2 |
| poultry | 57 | 97.3 | –0.2 | +0.1 | –1.4 |
| of which chicken | 39 | 97.3 | 0.0 | +0.3 | –1.4 |
| Milk | 146 | 105.4 | /// | +1.2 | –1.2 |
| of which cow milk (2) | 135 | 105.8 | /// | +1.3 | –1.2 |
| Eggs | 16 | 87.4 | –7.1 | –30.1 | –21.6 |
- /// Absence of meaning due to the nature of these series
- (1) Including vegetables for industry.
- (2) The June value of cow milk price index is the estimate of the July one. The previous month variation is the one commented in the text: +1,1% over one year in June 2018.
- Sources: INSEE, SSP (ministry in charge of agriculture)
Slight rise in purchase prices of means of production over one month
In July 2018, intermediate consumption prices rose by 0.3%. The further decline in energy prices (−0.3% over one month after −0.8%) was more than offset by the rise in fertilizer and amendments prices (+1.7%). Feed prices increased moderately, by +0.2% over one month. Over one year, intermediate consumption prices accelerated (+4.6% after +4.0% in June) in the wake of energy prices (+22.5%).
Prices of capital goods were almost stable over one month (−0.1%) and up 3.3% over one year.
Revision
The variation over one year of IPPAP has been rosen by 0.2 points in June to +0,4%; The one of IPAMPA has been rosen by 0.1 points in June to +3,9%.
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 | July 2018 | a month | 3 months | a year | |
| Total input | 1000 | 102.1 | +0.2 | +1.0 | +4.3 |
| Intermediate consumptions | 760 | 100.7 | +0.3 | +1.0 | +4.6 |
| Energy | 93 | 118.0 | –0.3 | +4.3 | +22.5 |
| Seeds | 56 | 97.3 | +0.1 | –0.1 | +0.5 |
| Fertilisers and soil improvers | 107 | 88.4 | +1.7 | +0.3 | +6.9 |
| Plant protection products | 84 | 99.8 | –0.1 | +0.3 | +1.4 |
| Animal feed | 214 | 97.3 | +0.2 | +1.0 | +1.2 |
| Veterinary expenses | 37 | 106.8 | +0.2 | +0.2 | +2.0 |
| Small equipment and tools | 11 | 101.2 | +0.8 | 0.0 | +1.2 |
| Maintenance of materials | 88 | 104.7 | –0.1 | +0.2 | +2.4 |
| Maintenance of buildings | 9 | 104.9 | 0.0 | +0.2 | +2.0 |
| Other goods and services | 61 | 101.7 | +0.1 | +0.1 | –0.1 |
| Goods and services contributing to investment | 240 | 106.3 | –0.1 | +0.9 | +3.3 |
| Material | 168 | 105.7 | –0.1 | +1.2 | +2.8 |
| Tractors | 71 | 109.3 | –0.2 | +2.3 | +4.2 |
| Machinery and equipment for cultivation | 33 | 104.7 | –0.1 | +1.0 | +2.4 |
| Machinery and equipment for harvesting | 38 | 102.9 | +0.1 | 0.0 | +1.2 |
| Utility vehicles | 16 | 99.8 | +0.3 | +0.5 | –0.3 |
| Buildings | 72 | 107.7 | 0.0 | +0.1 | +4.6 |
- (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)
Pour en savoir plus
Time series : Indices of agricultural prices
