31 October 2018
2018- n° 291In 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.
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%).
graphiqueGraph1 – Producer 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.
graphiqueGraph2 – Producer 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.
graphiqueGraph3 – Producer 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).
tableautable1 – Index of producer prices of agricultural products (IPPAP)
| 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%.
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 | 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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Time series : Indices of agricultural prices
