Informations rapides
27 September 2019
2019- n° 261
In August 2019, agricultural producer prices decreased by 1.2% year on year Indices of agricultural prices - August 2019

In August 2019, agricultural producer prices declined by 1.2% year on year. Excluding fruit and vegetables, they decreased by 0.7% year on year and by 0.6% over one month.

Informations rapides
No 261
Paru le :Paru le27/09/2019
Prochaine parution le : 27/09/2024 at 12:00 - August 2024

In August 2019, agricultural producer prices declined by 1.2% year on year. Excluding fruit and vegetables, they decreased by 0.7% year on year and by 0.6% over one month.

Cereal prices decreased over one month

In August 2019, cereal prices were down again (−3.0% over one month after −2.5% in July). Year on year, they declined by −19.7%. Soft wheat prices pursued and amplified their fall: −3.8% over a month after −2.2% in July. Large primary wheat yields in 2019 in France and in the world weighed down on quotations. Grain maize prices also declined (−1.4% over a month after −0.4% in July) in a context of an expected large South America crop and despite worries concerning the effects of droughts in Europe. Conversely, oilseed prices rose again by 2.1% over a month after +1.1% in July. Rapeseed prices still rose (+2.3% over a month after +1.9% in July) due to a weak production in Europe; soybean prices fell back (−1.9% over a month after +2.3% in July).

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
2019-08 96.7

Producer prices of cereals

  • Source: INSEE.

Decreases in fresh fruit prices year on year; increases in prices of fresh vegetables

In August 2019, fresh fruit prices dropped by 10,1% year on year. Prices of the main seasonal fruits fell, especially peaches and nectarines (−9.7%) and plums (−21.2%). Conversely, prices of fresh vegetables rose by 4.3% year on year. Prices of tomatoes still skyrocketed year on year (+50.8%) while those of melons (−7.4% year on year), salads (−9.2% year on year), courgettes (−3.9% year on year) and cucumbers (−1.3% year on year) were still on a downward trend.

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
2019-08 108.1

Producer prices of fresh vegetables

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

Large rise in pig prices year on year

In August 2019, animal prices bounced back slightly (+0.3% over a month after −0.9% in July). Cattle prices decreased by 0.6% and those of pigs bounced back (+2.9% after −0.7%). Year on year, cattle prices still declined (–1.5% after –1.2% in July). Prices of pigs kept high momentum (+25.6%), due to a high Chinese demand connected to the ongoing swine fever epidemic in China.

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
2019-08 96.7 117.1

Producer prices of pigs and large cattle

  • Source: INSEE.

Egg and milk prices sped up year on year

In August 2019, egg prices were up sorely over a month (+13.5% after +3.1% in July). Year on year, they grew strongly (+30.8 %). Demand remained steady during the summer while supply was less abundant linked to the slaughtering of cull chicken and to the two summer droughts which have reduced productivity of laying henses and increased their mortality. Cow’s milk prices slowed down year on year: +4.7% in July after +6.9% in June 2019. Droughts also impacted downwards the milk production this summer.

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 August 2019 a month 3 months a year
Agricultural goods output 1000 106.8 /// /// -1.2
excluding fruits and vegetables 906 106.6 -0.6 -1.8 -0.7
Crop output (excluding fruits and vegetables) 489 106.9 -1.6 -2.7 -5.2
Cereals 152 96.4 -3.0 -4.7 -19.7
of which soft wheat 90 97.0 -3.8 -6.9 -21.1
grain maize 27 106.8 -1.4 +6.9 -8.0
Potatoes 29 204.0 /// /// +58.3
Wines 200 103.5 -1.6 -2.5 -7.4
PDO wines 112 104.4 -3.3 -5.0 -12.8
other wines 25 98.5 +2.7 +4.2 +2.1
Oleaginous 40 97.1 +2.1 +4.0 +1.5
Horticultural products 35 102.0 -0.1 -2.8 +0.4
Other crop products 33 109.8 -0.2 +0.1 +6.5
Fruit and vegetables (1) 94 108.9 /// /// -4.7
Fresh vegetables 45 108.1 /// /// +4.3
Fresh fruit 32 113.5 /// /// -10.1
Animal output 417 106.3 +0.8 -0.7 +5.0
Animals 255 101.2 +0.3 -0.9 +3.9
of which large cattle 112 96.7 -0.6 -2.1 -1.5
calves 20 91.2 -0.8 -0.1 -10.0
pigs 49 117.1 +2.9 +2.4 +25.6
sheep 14 94.0 -1.3 -8.0 -4.9
poultry 57 100.8 +0.2 -0.3 +3.5
of which chicken 39 100.8 +0.2 -0.1 +3.6
Milk 146 111.5 /// -0.6 +4.1
of which cow milk (2) 135 112.2 /// -0.8 +4.4
Eggs 16 140.6 +13.5 +1.7 +30.8
  • /// 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 July one. The previous month variation is the one commented in the text: +4.7% over one year in July 2019.
  • Sources : Insee, SSP (ministry in charge of agriculture)

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

In August 2019, intermediate consumption purchase prices diminished slightly (–0.3% after –0.1% in July). Energy prices fell back (–1.4% over a month after +1.5%). Animal feed prices were down (–0.3%), while fertilizer and soil improvers prices grew (+0.3%). Year on year, these prices remained dynamic: +1.9% for animal feed and +3.9% for fertilizers and soil improvers. Over the same period, intermediate consumption purchase prices slowed down (+0.5% after +1.5% in July and +1.9% in June).

Prices of investment goods were almost stable over one month (+0.1%) and increased by 1.3% year on 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 August 2019 a month 3 months a year
Total input 1000 103.5 -0.1 -0.9 +0.8
Intermediate consumptions 760 101.9 -0.3 -1.3 +0.5
Energy (1) 93 113.4 -1.4 -4.6 -4.5
Seeds 56 97.2 0.0 0.0 -0.5
Fertilisers and soil improvers 107 93.5 +0.3 -1.3 +3.9
Plant protection products 84 95.6 +0.1 -1.6 -3.7
Animal feed 214 100.2 -0.3 -1.0 +1.9
Veterinary expenses 37 109.7 -0.1 -0.1 +2.6
Small equipment and tools 11 102.4 -0.3 +0.1 +0.7
Maintenance of materials 88 108.1 +0.4 +0.5 +3.0
Maintenance of buildings 9 107.3 0.0 +0.2 +1.7
Other goods and services 61 104.2 0.0 +0.2 +1.6
Goods and services contributing to investment 240 108.3 +0.1 +0.1 +1.3
Material 168 108.0 +0.1 +0.1 +1.6
Tractors 71 111.0 -0.2 -0.1 +0.9
Machinery and equipment for cultivation 33 106.8 +0.1 +0.4 +1.7
Machinery and equipment for harvesting 38 106.9 +0.3 +0.1 +3.0
Utility vehicles 16 101.8 +0.9 +0.1 +1.5
Buildings 72 109.0 0.0 +0.2 +0.6
  • (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
2019-08 103.5

Purchase prices of the means of agricultural production

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

Revision

The year on year variation of IPPAP has been reduced by 0.3 points in July to +2.4%. The year-on-year variation of IPAMPA in July has not changed.

To know more about French agricultural price indices

The indice of producer prices for agricultural products (IPPAP) measures the changes in product 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 indice of purchase prices of the means of agricultural production (IPAMPA) reflects the evolution prices of goods and services used in the agricultural process. It is not seasonaly adjusted.

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

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

Next issue: 31 October 2019 at 12.00

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