Informations rapides
31 October 2018
2018- n° 291
In September 2018, agricultural prices increased by +5,7% over one year Indices of agricultural prices - September 2018

In September 2018, agricultural producer prices accelerated for the fourth consecutive month to +5.7% over one year after +3.4% in August. Excluding fruit and vegetables, they went up by 5.2% over one year and by 0.9% over one month.

Informations rapides
No 291
Paru le :Paru le31/10/2018
Prochaine parution le : 27/09/2024 at 12:00 - August 2024

In September 2018, agricultural producer prices accelerated for the fourth consecutive month to +5.7% over one year after +3.4% in August. Excluding fruit and vegetables, they went up by 5.2% over one year and by 0.9% over one month.

Cereal and oilseed prices fell back

In September 2018, cereal prices decreased by 4.7% over one month after +10.7% in August. Over one year, they still rose sharply (+24.1%). High Russian sales volumes weighed on prices in September in a broader context of rising prices due to poor weather conditions, especially drought in Europe. Soft wheat prices declined by 5.1% over one month after + 10.3% in August. Grain maize prices lost 3.4% after + 11.3%. Oilseed prices also went down: −2.4% in September after +4.1% in August. Over one year, they fell slightly (−0.6%).

Graph1Producer prices of cereals

  • Source: INSEE

Over one year increases for fresh fruits and vegetables and potatoes

In September 2018, fresh fruit prices rose by 7.6% over one year. They were driven by higher prices for apples (+14.8%) and pears (+8.2%). Vegetable prices gained 18.8% over one year, particularly those for salads (+ 28.2%) and tomatoes (+ 34.6%). The price of new crop potatoes was 62.1% higher than a year ago. After an overproduction at the end of 2017, the 2018 drought severely limits supply of the new campaign.

Graph2Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Cattle and pigs prices increased over one month

In September 2018, animal prices rebounded (+1.3% over one month after −0.4%). Prices for cattle went up by 1.3% and those for pigs by 3.3%. They were supported by a recovery in demand. Over one year, they kept following a down trend: −0.6% after −0.3% for cattle and −5.1% after −13.1% for pigs.

Graph3Producer prices of pigs and large cattle

  • Source: INSEE

Egg prices over a year drop diminished

In September 2018, egg prices declined by 10.7% over one year after −16.9% in August. Demand from both retail and industry came back strongly in September. Cow's milk price was again slightly increasing over one year (+0.2% in August, as in July).

table1Index of producer prices of agricultural products (IPPAP)

Seasonnaly adjusted - base and reference 100 in 2015
Index of producer prices of agricultural products (IPPAP) (Seasonnaly adjusted - base and reference 100 in 2015) -
Variation as % over
Weights Sept. 2018 a month 3 months a year
Agricultural goods output 1000 108.1 /// /// +5.7
excluding fruits and vegetables 906 107.4 +0.9 +4.0 +5.2
Crop output (excluding fruits and vegetables) 489 112.2 +0.3 +5.8 +11.1
Cereals 152 114.5 –4.7 +13.5 +24.1
of which soft wheat 90 116.7 –5.1 +13.5 +27.4
grain maize 27 112.1 –3.4 +12.0 +16.4
Potatoes 29 189.8 /// /// +62.1
Wines 200 106.7 –3.0 –4.3 +0.7
PDO wines 112 113.0 –5.6 –6.7 –0.1
other wines 25 93.7 +4.1 –1.7 +6.7
Oleaginous 40 93.4 –2.4 +4.2 –0.6
Horticultural products 35 102.1 +1.7 –0.7 +0.2
Other crop products 33 100.9 +0.1 +1.2 –3.4
Fruits and vegetables (1) 94 115.1 /// /// +10.2
Fresh vegetables 45 119.9 /// /// +18.8
Fresh fruits 32 115.9 /// /// +7.6
Animal output 417 101.8 +1.9 +1.7 –1.5
Animals 255 98.3 +1.3 +0.9 –1.0
of which large cattle 112 99.0 +1.3 +1.1 –0.6
calves 20 101.6 0.0 +1.1 +1.7
pigs 49 94.3 +3.3 +2.1 –5.1
sheep 14 98.5 –0.7 –3.5 –1.2
poultry 57 98.3 +0.9 +1.0 –0.3
of which chicken 39 98.7 +1.4 +1.6 +0.1
Milk 146 106.9 /// +1.3 –1.1
of which cow milk (2) 135 107.3 /// +1.4 –1.3
Eggs 16 110.2 +32.3 +17.1 –10.7
  • /// Absence of meaning due to the nature of these series
  • (1) Including vegetables for industry.
  • (2) The August value of cow milk price index is the estimate of the September one. The previous month variation is the one commented in the text: +0,2% over one year in August 2018.
  • Sources: INSEE, SSP (ministry in charge of agriculture)

New rise in purchase prices of means of production over one month

In September 2018, intermediate consumption prices accelerated (+1.1% after +0.6%). Prices of energy (+2.2% over one month), animal feed (+1.4%) and fertilizer and amendments (+2.6%) contributed to this rise. Over one year, intermediate consumption prices increased by 5.6%. The growth was particularly sharp for energy (+18.8% over one year) and fertilizers and amendments (+10.2%).

Prices for capital goods rose by 0.3% over one month and by 4.3% over one year.

Revision

The variation over one year of IPPAP has been rosen by 0.1 points in August to +3.4%; The one of IPAMPA has also been rosen by 0.1 to +4.8%.

Graph4Purchase prices of the means of agricultural production

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

table2Indices 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) (Raw data - base and reference 100 in 2015) -
Variation as % over
Weights Sept. 2018 a month 3 months a year
Total input 1000 103.6 +0.9 +1.7 +5.3
Intermediate consumptions 760 102.4 +1.1 +2.0 +5.6
Energy 93 121.3 +2.2 +2.4 +18.8
Seeds 56 97.9 +0.2 +0.6 +0.7
Fertilisers and soil improvers 107 92.2 +2.6 +6.1 +10.2
Plant protection products 84 99.6 +0.3 –0.2 +0.8
Animal feed 214 99.8 +1.4 +2.8 +4.7
Veterinary expenses 37 106.9 0.0 +0.3 +1.6
Small equipment and tools 11 101.8 +0.2 +1.6 +2.3
Maintenance of materials 88 105.0 0.0 +0.2 +2.3
Maintenance of buildings 9 105.2 0.0 +0.3 +2.1
Other goods and services 61 101.6 –0.1 0.0 0.0
Goods and services contributing to investment 240 107.4 +0.3 +0.8 +4.3
Material 168 106.7 +0.4 +0.9 +3.7
Tractors 71 110.7 +0.6 +1.1 +5.3
Machinery and equipment for cultivation 33 105.0 0.0 +0.2 +2.4
Machinery and equipment for harvesting 38 104.5 +0.7 +1.7 +2.7
Utility vehicles 16 100.3 –0.1 +0.8 +0.6
Buildings 72 108.8 0.0 +0.2 +5.6
  • (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)

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