30 août 2019
N° 2019-231

In July 2019, agricultural prices increased by 2.7% over one yearIndices of agricultural prices - July 2019

In July 2019, agricultural prices slowed down over one year (+2.7% after +4.2% in June). Excluding fruit and vegetables, they were up by 2.0% over one year and down by 0.6% over one month.

Informations rapides
No 231
Paru le : Paru le 30/08/2019
Informations rapides  No 231 - août 2019

In July 2019, agricultural prices slowed down over one year (+2.7% after +4.2% in June). Excluding fruit and vegetables, they were up by 2.0% over one year and down by 0.6% over one month.

Cereal prices fell back over a month

In July 2019, cereal prices declined by 2.5% over a month after +0.7% in June. Over one year, they fell back by 8.6% after +1.0% in June. Soft wheat prices continued to decrease: −2.2% after −1.1% in June. The good yields of the first wheats of 2019 in France and around the world weighed on prices. Grain maize prices went down slightly: −0.4% after +8.8% in June, in a context of good harvests in South America and despite concerns raised by the drought in Europe. Oilseed prices rose by 1.1% over one month after +0.7% in June. Rapeseed prices accelerated (+1.9% over one month after +0.4% in June), in line with the confirmation of the drop in Europe production.

Producer prices of cereals

Producer prices of cereals
Producer prices of cereals
2014-01 108.3
2014-02 108.1
2014-03 114.6
2014-04 114.9
2014-05 107.6
2014-06 104.1
2014-07 102.7
2014-08 98.9
2014-09 90.3
2014-10 95.1
2014-11 102.1
2014-12 108.0
2015-01 108.1
2015-02 102.6
2015-03 102.5
2015-04 100.6
2015-05 92.9
2015-06 98.5
2015-07 109.0
2015-08 97.8
2015-09 92.7
2015-10 98.2
2015-11 100.1
2015-12 97.0
2016-01 89.6
2016-02 85.3
2016-03 83.6
2016-04 84.7
2016-05 86.8
2016-06 91.1
2016-07 94.8
2016-08 95.5
2016-09 92.7
2016-10 94.7
2016-11 96.8
2016-12 96.1
2017-01 98.6
2017-02 99.3
2017-03 96.8
2017-04 94.1
2017-05 93.1
2017-06 95.7
2017-07 96.7
2017-08 92.7
2017-09 92.5
2017-10 92.5
2017-11 92.4
2017-12 91.3
2018-01 90.5
2018-02 91.7
2018-03 93.5
2018-04 93.9
2018-05 97.3
2018-06 100.9
2018-07 109.1
2018-08 120.6
2018-09 114.7
2018-10 114.0
2018-11 114.1
2018-12 115.2
2019-01 114.3
2019-02 107.6
2019-03 103.1
2019-04 103.4
2019-05 100.8
2019-06 101.9
2019-07 99.7

Producer prices of cereals

  • Source: INSEE.

Fresh fruits prices down over one year, vegetable prices up

In July 2019, fresh fruit prices fell by 4.3% over one year. Main seasonal fruits prices declined: peaches and nectarines (−2.9%), strawberries (−2.6%) and apricots (−8.0%). Prices for fresh vegetables increased by 20.7% over one year. Prices for tomatoes rose sharply over one year (+51.1%) and those of melons remained upward (+8.7% over one year). In contrast, prices for salads fell markedly (−13.7% year on year).

Producer prices of fresh vegetables

Producer prices of fresh vegetables
Monthly agricultural producer price indices (IPPAP) - Fresh vegetables
2016-01 96.3
2016-02 94.2
2016-03 128.4
2016-04 114.9
2016-05 101.0
2016-06 102.3
2016-07 116.7
2016-08 101.6
2016-09 97.2
2016-10 110.1
2016-11 119.0
2016-12 113.3
2017-01 132.4
2017-02 133.5
2017-03 107.4
2017-04 111.2
2017-05 97.9
2017-06 102.8
2017-07 85.8
2017-08 94.1
2017-09 100.9
2017-10 97.9
2017-11 98.4
2017-12 97.6
2018-01 101.6
2018-02 102.8
2018-03 117.6
2018-04 109.5
2018-05 103.5
2018-06 102.4
2018-07 97.4
2018-08 103.6
2018-09 119.9
2018-10 112.8
2018-11 132.5
2018-12 138.0
2019-01 147.5
2019-02 132.7
2019-03 121.9
2019-04 117.7
2019-05 99.8
2019-06 124.2
2019-07 117.6

Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture).

Pig prices up sharply over one year

In July 2019, animal prices dropped by 0.9% over one month, after −0.3% in June. Cattle prices fell by 1.4% and those of pigs by 0.7%. Over one year, prices of cattle fall back (−1.2% after +0.8% in June) while those of pigs increased by 24.4%. In the second quarter, pigs prices rose sharply as a result of strong Chinese demand following a large swine flu epidemic.

Producer prices of pigs and large cattle

Producer prices of pigs and large cattle
Large cattle Pigs
2014-01 104.6 116.8
2014-02 104.4 109.2
2014-03 103.8 107.2
2014-04 103.8 119.1
2014-05 103.1 118.8
2014-06 101.4 113.6
2014-07 100.5 111.0
2014-08 100.2 106.0
2014-09 99.9 97.9
2014-10 98.4 96.6
2014-11 96.9 99.8
2014-12 98.1 98.7
2015-01 98.1 98.0
2015-02 98.0 98.3
2015-03 98.6 101.3
2015-04 98.7 99.8
2015-05 99.3 100.4
2015-06 100.5 99.7
2015-07 102.2 100.0
2015-08 102.4 103.2
2015-09 102.3 101.9
2015-10 101.6 102.8
2015-11 99.8 99.2
2015-12 98.1 94.7
2016-01 97.4 97.0
2016-02 96.7 96.1
2016-03 96.7 92.9
2016-04 95.4 90.2
2016-05 94.2 96.6
2016-06 94.0 102.5
2016-07 93.4 106.2
2016-08 92.7 106.3
2016-09 91.9 110.5
2016-10 93.0 111.9
2016-11 94.6 111.1
2016-12 96.3 113.9
2017-01 96.5 115.9
2017-02 97.1 117.2
2017-03 97.4 116.5
2017-04 98.7 119.3
2017-05 98.8 117.5
2017-06 99.1 111.7
2017-07 97.7 108.7
2017-08 98.0 105.1
2017-09 99.6 99.4
2017-10 100.7 99.9
2017-11 100.4 102.3
2017-12 99.9 103.0
2018-01 98.4 99.0
2018-02 97.8 98.9
2018-03 97.8 101.1
2018-04 97.5 95.1
2018-05 97.9 95.3
2018-06 97.9 93.1
2018-07 98.5 91.5
2018-08 98.2 93.2
2018-09 98.8 95.4
2018-10 98.6 98.1
2018-11 97.7 100.5
2018-12 98.4 101.6
2019-01 98.6 103.4
2019-02 99.3 100.8
2019-03 98.4 103.0
2019-04 98.7 109.6
2019-05 98.8 114.4
2019-06 98.7 114.6
2019-07 97.3 113.8

Producer prices of pigs and large cattle

  • Source: INSEE.

Growth of egg and milk prices over one year

In July 2019, egg prices rebounded over one month (+3.1% after −13.1% in June). Over a year, they increased by 16.1%. Demand was buoyant while supply was less abundant after some poultries culling. The price of cow's milk continued to rise over one year: +6.9% in June after +6.7% in May 2019. The lack of fodder due to the drought led to production cuts in Europe but also in New Zealand, one of the leading exporting countries.

Index 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 July 2019 a month 3 months a year
Agricultural goods output 1000 109.1 /// /// +2.7
excluding fruits and vegetables 906 107.5 -0.6 -0.6 +2.0
Crop output (excluding fruits and vegetables) 489 108.8 -0.7 -1.2 -0.3
Cereals 152 99.4 -2.5 -4.3 -8.6
of which soft wheat 90 100.8 -2.2 -6.1 -9.6
grain maize 27 108.3 -0.4 +5.4 +3.8
Potatoes 29 198.5 /// /// +59.2
Wines 200 105.6 +0.1 -0.8 -6.2
PDO wines 112 108.7 -0.9 -1.6 -8.1
other wines 25 95.9 +5.4 +0.9 -12.3
Oleaginous 40 95.1 +1.1 +1.6 +3.5
Horticultural products 35 102.1 -0.6 -1.4 -0.8
Other crop products 33 110.0 0.0 +0.1 +7.7
Fruits and vegetables (1) 94 120.3 /// /// +8.1
Fresh vegetables 45 117.6 /// /// +20.7
Fresh fruits 32 114.0 /// /// -4.3
Animal output 417 105.9 -0.5 +0.2 +4.7
Animals 255 100.9 -0.9 -0.4 +3.6
of which large cattle 112 97.3 -1.4 -1.4 -1.2
calves 20 91.9 -0.1 +0.4 -9.5
pigs 49 113.8 -0.7 +3.8 +24.4
sheep 14 95.2 -2.3 -7.7 -6.1
poultry 57 100.7 -0.3 -1.0 +3.5
of which chicken 39 100.6 -0.2 -1.0 +3.4
Milk 146 112.7 /// +0.3 +5.5
of which cow milk (2) 135 113.7 /// +0.4 +6.1
Eggs 16 123.9 +3.1 +9.3 +16.1
  • /// 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: +6,9% over one year in June 2019.
  • Sources : Insee, SSP (ministry in charge of agriculture)

Slight decrease in the purchase prices of the means of production over a month

In July 2019, intermediate consumption purchase prices were almost stable (−0.1% after −0.9% in June). Energy prices rebounded (+1.6% over one month after −5.0%). Prices for feed dropped (−0.7%) while those for fertilizers and amendments were almost flat (+0.1%). Over one year, these prices remained dynamic: +3.3% for feed and +5.9% for fertilizers and amendments. Over the same period, intermediate consumption purchase prices continued to slow down (+1.5% after +1.9% in June and +2.6% in May).

Prices of capital goods were virtually stable over one month (−0.1%) and grew by 1.4% over one year.

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) (Raw data - base and reference 100 in 2015)
Variation as % over
Weights July 2019 a month 3 months a year
Total input 1000 103.6 -0.2 -1.0 +1.4
Intermediate consumptions 760 102.2 -0.1 -1.2 +1.5
Energy (1) 93 114.9 +1.6 -2.9 -2.6
Seeds 56 97.1 -0.3 -0.1 -0.3
Fertilisers and soil improvers 107 93.5 +0.1 -2.2 +5.9
Plant protection products 84 95.6 -1.8 -1.4 -4.0
Animal feed 214 100.5 -0.7 -1.5 +3.3
Veterinary expenses 37 109.9 0.0 +0.6 +2.9
Small equipment and tools 11 102.8 +0.3 +1.3 +1.7
Maintenance of materials 88 107.7 0.0 +0.3 +2.9
Maintenance of buildings 9 107.1 0.0 +0.2 +1.8
Other goods and services 61 104.1 +0.1 +0.1 +1.5
Goods and services contributing to investment 240 108.2 -0.1 -0.3 +1.4
Material 168 108.0 -0.1 -0.2 +2.1
Tractors 71 111.2 0.0 -0.6 +1.7
Machinery and equipment for cultivation 33 106.5 -0.5 +0.3 +1.5
Machinery and equipment for harvesting 38 106.7 0.0 +0.1 +3.7
Utility vehicles 16 101.4 -0.2 -0.1 +1.6
Buildings 72 108.8 0.0 -0.4 0.0
  • (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2019.
  • Sources : Insee, SSP (ministry in charge of agriculture)

Purchase prices of the means of agricultural production

Purchase prices of the means of agricultural production
Purchase prices of the means of agricultural production
2014-01 102.9
2014-02 103.0
2014-03 103.1
2014-04 103.3
2014-05 103.3
2014-06 103.1
2014-07 102.5
2014-08 102.1
2014-09 101.6
2014-10 101.0
2014-11 100.4
2014-12 99.5
2015-01 99.1
2015-02 100.5
2015-03 100.7
2015-04 101.1
2015-05 101.3
2015-06 100.6
2015-07 100.2
2015-08 99.7
2015-09 99.6
2015-10 99.5
2015-11 99.3
2015-12 98.3
2016-01 97.8
2016-02 97.5
2016-03 97.6
2016-04 97.4
2016-05 97.9
2016-06 97.8
2016-07 97.3
2016-08 96.9
2016-09 97.0
2016-10 97.4
2016-11 97.2
2016-12 98.3
2017-01 98.6
2017-02 99.0
2017-03 98.9
2017-04 99.1
2017-05 98.7
2017-06 98.1
2017-07 97.9
2017-08 98.0
2017-09 98.4
2017-10 98.9
2017-11 99.2
2017-12 99.3
2018-01 100.1
2018-02 100.1
2018-03 100.4
2018-04 101.1
2018-05 102.0
2018-06 101.9
2018-07 102.2
2018-08 102.7
2018-09 103.6
2018-10 104.6
2018-11 104.5
2018-12 103.8
2019-01 103.6
2019-02 104.1
2019-03 104.4
2019-04 104.6
2019-05 104.4
2019-06 103.8
2019-07 103.6

Purchase prices of the means of agricultural production

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

Revision

June 2019 over one year variation of IPPAP has been rosen by 0.1 points to +4.2%. The one of IPAMPA has been rosen by 0.1 points to +1.9%.

Encadré

To know more about French indices of agricultural prices

The index of producer prices for agricultural products (IPPAP) measures the changes in products prices when they are put on the market for the first time. It is published in base and reference 100 in 2015

The weight-coefficients of fresh fruits and vegetables change every month so that they reflect their very seasonal pattern. As a result their variations must only be interpreted year over year.

If needed, indices are seasonally adjusted.

The index of purchase prices of the means of agricultural production (IPAMPA) reflects the variations of goods and services used in the agricultural process. It is not seasonaly adjusted.

The methodology can be found via the links hereafter forIPPAP : https://www.insee.fr/en/metadonnees/source/indicateur/p1657/description

and IPAMPA : https://www.insee.fr/en/metadonnees/source/indicateur/p1652/description

Next issue: 27 September 2019 at 12h00.


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