Informations rapides
31 October 2019
2019- n° 288
In September 2019, agricultural producer prices decreased by 1.9% year on year Indices of agricultural prices - September 2019

In September 2019, agricultural producer prices declined by 1.9% year on year. Excluding fruits and vegetables, they decreased by 0.3% over one month and by 1.7% year on year.

Informations rapides
No 288
Paru le :Paru le31/10/2019
Prochaine parution le : 27/09/2024 at 12:00 - August 2024
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In September 2019, agricultural producer prices declined by 1.9% year on year. Excluding fruits and vegetables, they decreased by 0.3% over one month and by 1.7% year on year.

Cereal prices moderated again over one month

In September 2019, cereal prices were down again significantly (–1.7% over one month after –3.0% in August). Despite a sustained global demand in September, large 2019 primary wheat outputs in France and in the whole world weighed down on prices. However, the fall in prices of common wheat is less important than for all cereals: –0.9% over one month after –3.8% in August. Despite worries concerning the effects of droughts in Europe, the decrease in maize prices compounded (–3.9% over one month after –1.4% in August), in a context of strong production in South America and a strengthening of Ukrainian competition. Conversely, oilseed prices rose by 2.7% over one month after +2.1% in August. Rapeseed prices remained dynamic (+3.3% over one month after +2.3% in August) in the wake of the petroleum price developments. Soybean prices rebounded (+2.0% over one month after –1.9% in August).

Year on year, cereal prices fell by 17.1% in September (after –19.7% in August).

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
2019-09 95.1

Producer prices of cereals

  • Source: INSEE.

Decreases in fresh fruit prices and fresh vegetables year on year

In September 2019, fresh fruit prices fell by 7.9% year on year due to the price declines of some seasonal fruits: peaches and nectarines (–9.8%), apples (–10.9%) and plums (–19.3%). Year on year, prices of fresh vegetables fell by 5.1%, those of tomatoes fell by 7.5%. The prices of salads (–8.0%) and cucumbers (–10.1%) are 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
2019-09 113.8

Producer prices of fresh vegetables

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

Sharp rises in pig prices year on year

In September 2019, animal prices boosted (+1.8% over one month after +0.3% in August), mainly due to a large rise in the pig prices (+6.6% after +2.9% in August). They still sped up year on year (+30.8% after +25.6%), due to large Chinese demand connected to the ongoing swine fever epidemic. Cattle prices recovered slightly in September (+0.6% over one month after –0.6%), but remained down by 1.5% year on year.

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
2019-09 97.3 124.8

Producer prices of pigs and large cattle

  • Source: INSEE.

Egg and milk prices increased year on year

In September 2019, despite a still limited supply, egg prices fell back over one month (–10.5% after +13.5% in August) and slowed year on year (+10.7% after +30.8%). The price of cow's milk remained dynamic year on year: +3.0% in August, as the summer droughts impacted downwards the European milk production.

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 Sept. 2019 a month 3 months a year
Agricultural goods output 1000 106.6 /// /// -1.9
excluding fruits and vegetables 906 106.1 -0.3 -1.9 -1.7
Crop output (excluding fruits and vegetables) 489 105.9 -0.9 -3.4 -6.2
Cereals 152 94.8 -1.7 -7.0 -17.1
of which soft wheat 90 96.1 -0.9 -6.8 -17.7
grain maize 27 102.6 -3.9 -5.6 -8.5
Potatoes 29 198.5 /// /// +5.1
Wines 200 102.4 -1.1 -2.9 -5.3
PDO wines 112 102.4 -1.9 -6.7 -9.4
other wines 25 98.6 +0.4 +8.4 +1.3
Oleaginous 40 99.7 +2.7 +6.0 +6.7
Horticultural products 35 103.7 +1.7 +1.0 +0.6
Other crop products 33 109.7 -0.1 -0.3 +6.3
Fruit and vegetables (1) 94 110.6 /// /// -5.2
Fresh vegetables 45 113.8 /// /// -5.1
Fresh fruit 32 108.1 /// /// -7.9
Animal output 417 106.3 +0.5 -0.1 +4.2
Animals 255 103.0 +1.8 +1.2 +4.8
of which large cattle 112 97.3 +0.6 -1.4 -1.5
calves 20 93.0 +2.0 +1.1 -7.9
pigs 49 124.8 +6.6 +8.9 +30.8
sheep 14 96.0 +2.1 -1.4 -2.7
poultry 57 100.3 -0.5 -0.7 +2.0
of which chicken 39 100.1 -0.7 -0.7 +1.4
Milk 146 110.0 /// -2.5 +2.5
of which cow milk (2) 135 110.7 /// -2.6 +2.8
Eggs 16 125.8 -10.5 +4.7 +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 August one. The previous month variation is the one commented in the text: +3.0% over one year in August 2019.
  • Sources : Insee. SSP (ministry in charge of agriculture)

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

In September 2019, the purchase prices of intermediate consumption rebounded slightly over one month (+0.2% after –0.2% in August) due to the recovery in energy prices (+3.0% over one month after –1.4%). Conversely, animal feed prices (–0.7%) and fertilizers and soil improver product prices (–0.4%) decreased over a month. Year on year, the prices of these products slowed down sharply in recent months. Year on year, intermediate consumption purchase prices fell in September (–0.4% after +0.5% in August).

Prices of investment goods rose by 0.4% over one month and by 1.7% 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 Sept. 2019 a month 3 months a year
Total input 1000 103.8 0.2 0.0 0.1
Intermediate consumptions 760 102.1 0.2 -0.2 -0.4
Energy (1) 93 116.7 3.0 3.0 -3.9
Seeds 56 97.1 0.0 -0.3 -0.6
Fertilisers and soil improvers 107 93.0 -0.4 -0.5 0.7
Plant protection products 84 95.6 0.1 -1.8 -4.0
Animal feed 214 99.6 -0.7 -1.5 -0.3
Veterinary expenses 37 109.7 0.0 0.0 2.6
Small equipment and tools 11 103.5 0.9 0.2 1.6
Maintenance of materials 88 108.2 0.1 0.5 3.0
Maintenance of buildings 9 107.4 0.0 0.1 1.9
Other goods and services 61 104.0 -0.1 0.0 1.5
Goods and services contributing to investment 240 109.0 0.4 0.6 1.7
Material 168 108.7 0.6 0.5 1.8
Tractors 71 112.3 1.2 1.0 1.5
Machinery and equipment for cultivation 33 106.9 0.1 0.0 1.9
Machinery and equipment for harvesting 38 106.9 0.1 0.2 2.3
Utility vehicles 16 101.9 -0.5 0.0 1.7
Buildings 72 109.9 0.0 0.9 1.5
  • (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
2019-07 103.7
2019-08 103.5
2019-09 103.8

Purchase prices of the means of agricultural production

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

Revision

The year on year variation of Agricultural price indices in August 2019 has been revised upwards by 0.4 points to –0.8%. The year on year variation of the purchase prices of the means of agricultural production has not been changed in August.

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: 29 November 2019 at 12.00

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Agricultural means of production purchasing price index

Agricultural producer price index

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