29 November 2019
2019- n° 317In October 2019, agricultural producer prices decreased by 1.3% year on year Indices of agricultural prices - October 2019
In October 2019, agricultural producer prices declined by 1.3% year on year. Excluding fruit and vegetables, they rose by 1.1% over one month, but decreased by 0.7% year on year.
- Rebound in cereal prices over a month
- Decrease in fresh fruit and fresh vegetables year on year
- Pig prices continued to rise sharply year on year
- Egg and milk prices still increased year on year
- Slight decline in the purchase prices of the means of production over a month
- Revision
- To know more about French agricultural price indices
In October 2019, agricultural producer prices declined by 1.3% year on year. Excluding fruit and vegetables, they rose by 1.1% over one month, but decreased by 0.7% year on year.
Rebound in cereal prices over a month
In October 2019, cereal prices rebounded significantly (+5.2% over one month after –1.7% in September), due to a recovery in common wheat prices (+5.9% over one month after –0.9% in September) as the demand kept its momentum. Maize prices rebounded slightly (+1.4% over one month after –3.9% in September), in a context of weakening crops in Europe, while harvests were strong in South America and Ukraine. Conversely, oilseed prices slowed down: +0.3% over one month after +2.7% in September. Rapeseed prices were slighty down back (–0.2% over one month after +3.3% in September) in the wake of petroleum products and palm oil prices. Soybean prices sped up (+3.8% over one month after +2.0% in September).
Year on year, cereal prices fell by 12.4% in October (after –17.1% in September).
tableauProducer 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 |
2019-10 | 99.9 |
graphiqueProducer prices of cereals
Decrease in fresh fruit and fresh vegetables year on year
Year on year, fresh fruit prices fell by 5.1% in October, due to the decline of some seasonal fruit prices: grapes (–10.3%), nuts (–9.5%) and apples (–4.9%). Conversely, pears prices rose by 11.8%. Year on year, prices of fresh vegetable dropped by 7.9%. Endive prices fell by 5.1%, those of tomato by 6.5%, leek prices by 13.2% and carrot prices by 16.3%.
tableauProducer 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 |
2019-10 | 103.9 |
graphiqueProducer prices of fresh vegetables
Pig prices continued to rise sharply year on year
In October 2019, animal prices rose again sharply (+1.7% over one month after +1.8% in September) due to a new huge increase in pig prices (+7.9% after +6,6% in September). They sped up year on year (+37.3% after +30.8%), due to the large Chinese demand connected to the ongoing swine fever epidemic. Conversely, cattle prices went down in October (–1.0% over one month after +0.6%), while their decline was deeper year on year (–2.3% after –1.5% in September).
tableauProducer 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 | 98.3 | 98.0 |
2015-02 | 98.1 | 98.3 |
2015-03 | 98.5 | 101.3 |
2015-04 | 98.6 | 99.8 |
2015-05 | 99.1 | 100.4 |
2015-06 | 100.3 | 99.7 |
2015-07 | 102.1 | 100.0 |
2015-08 | 102.3 | 103.2 |
2015-09 | 102.3 | 101.9 |
2015-10 | 101.7 | 102.8 |
2015-11 | 100.1 | 99.2 |
2015-12 | 98.4 | 94.7 |
2016-01 | 97.6 | 97.0 |
2016-02 | 96.8 | 96.1 |
2016-03 | 96.6 | 92.9 |
2016-04 | 95.3 | 90.2 |
2016-05 | 94.1 | 96.6 |
2016-06 | 93.8 | 102.5 |
2016-07 | 93.3 | 106.2 |
2016-08 | 92.6 | 106.3 |
2016-09 | 91.9 | 110.5 |
2016-10 | 93.0 | 111.9 |
2016-11 | 94.8 | 111.1 |
2016-12 | 96.6 | 113.9 |
2017-01 | 96.7 | 115.9 |
2017-02 | 97.2 | 117.2 |
2017-03 | 97.3 | 116.5 |
2017-04 | 98.5 | 119.3 |
2017-05 | 98.7 | 117.5 |
2017-06 | 98.9 | 111.7 |
2017-07 | 97.6 | 108.7 |
2017-08 | 97.9 | 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 |
2019-10 | 96.3 | 134.7 |
graphiqueProducer prices of pigs and large cattle
Egg and milk prices still increased year on year
In October 2019, despite a still limited supply and a large demand, egg prices fell again over one month (–7.2% after –10.5% in September) and slowed down significantly year on year (+2,5% after +10.7%). The price of cow's milk remained dynamic year on year: +2.8% in September, as the summer droughts impacted downwards the European milk production.
tableauIndex of producer prices of agricultural products (IPPAP)
Variation as % over | |||||
---|---|---|---|---|---|
Weights | Oct. 2019 | a month | 3 months | a year | |
Agricultural goods output | 1000 | 107.1 | /// | /// | -1.3 |
excluding fruits and vegetables | 906 | 107.2 | +1.1 | +0.2 | -0.7 |
Crop output (excluding fruits and vegetables) | 489 | 107.3 | +1.5 | -0.9 | -4.7 |
Cereals | 152 | 99.7 | +5.2 | +0.3 | -12.4 |
of which soft wheat | 90 | 101.8 | +5.9 | +1.0 | -13.0 |
grain maize | 27 | 104.0 | +1.4 | -4.0 | -4.0 |
Potatoes | 29 | 195.4 | /// | /// | +6.1 |
Wines | 200 | 103.3 | +0.4 | -2.1 | -5.4 |
PDO wines | 112 | 104.8 | +1.9 | -3.0 | -8.6 |
other wines | 25 | 92.9 | -5.8 | -3.1 | -6.1 |
Oleaginous | 40 | 100.0 | +0.3 | +5.2 | +5.4 |
Horticultural products | 35 | 105.5 | +0.8 | +2.6 | +0.2 |
Other crop products | 33 | 101.9 | +0.2 | -0.1 | +7.0 |
Fruit and vegetables (1) | 94 | 106.6 | /// | /// | -5.6 |
Fresh vegetables | 45 | 103.9 | /// | /// | -7.9 |
Fresh fruit | 32 | 103.4 | /// | /// | -5.1 |
Animal output | 417 | 107.0 | +0.6 | +1.4 | +4.3 |
Animals | 255 | 104.7 | +1.7 | +3.8 | +6.1 |
of which large cattle | 112 | 96.3 | -1.0 | -1.0 | -2.3 |
calves | 20 | 97.2 | +4.5 | +5.8 | -2.5 |
pigs | 49 | 134.7 | +7.9 | +18.4 | +37.3 |
sheep | 14 | 95.9 | -0.1 | +0.7 | -1.8 |
poultry | 57 | 99.9 | -0.4 | -0.7 | +1.1 |
of which chicken | 39 | 99.9 | -0.2 | -0.7 | +1.0 |
Milk | 146 | 110.0 | /// | -1.3 | +1.7 |
of which cow milk (2) | 135 | 110.7 | /// | -1.3 | +1.8 |
Eggs | 16 | 116.7 | -7.2 | -5.8 | +2.5 |
- /// Absence of meaning due to the nature of these series
- (1) Including vegetables for industry.
- (2)The October value of cow milk price index is the estimate of the September one. The previous month variation is the one commented in the text: +2.8% over one year in September 2019.
- Sources : Insee. SSP (ministry in charge of agriculture)
Slight decline in the purchase prices of the means of production over a month
In October 2019, the purchase prices of intermediate consumptions fell back slightly over one month (–0.2% after +0.3% in September). Animal feed prices (–0.5%), fertilizers and soil improver product prices (–0.3%) were down again while energy prices decreased slightly (–0.2% over one month after +2,9%). Year on year, the decrease in prices of the purchase prices of intermediate consumptions was much marked in October (–1.6% after –0.4% in September).
Prices of investment goods and services slowed down both over one month (+0.2% after +0.5%) and year on year (+1.1% after +1.4%).
tableauPurchase 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 | 103.4 |
2019-09 | 103.6 |
2019-10 | 103.6 |
graphiquePurchase prices of the means of agricultural production
tableauIndices of purchase prices of the means of agricultural production (IPAMPA)
Variation as % over | |||||
---|---|---|---|---|---|
Weights | Oct. 2019 | a month | 3 months | a year | |
Total input | 1000 | 103.6 | 0.0 | -0.1 | -1.0 |
Intermediate consumptions | 760 | 101.9 | -0.2 | -0.3 | -1.6 |
Energy (1) | 93 | 116.5 | -0.2 | 1.3 | -7.3 |
Seeds | 56 | 97.0 | 0.0 | -0.2 | -0.5 |
Fertilisers and soil improvers | 107 | 92.6 | -0.3 | -0.4 | -1.8 |
Plant protection products | 84 | 95.2 | 0.0 | -0.2 | -4.1 |
Animal feed | 214 | 99.0 | -0.5 | -1.6 | -1.8 |
Veterinary expenses | 37 | 110.0 | 0.3 | 0.2 | 2.5 |
Small equipment and tools | 11 | 102.8 | 0.2 | -0.1 | -0.4 |
Maintenance of materials | 88 | 108.6 | 0.4 | 0.8 | 3.1 |
Maintenance of buildings | 9 | 107.6 | 0.0 | 0.2 | 1.8 |
Other goods and services | 61 | 104.3 | 0.0 | -0.1 | 1.3 |
Goods and services contributing to investment | 240 | 108.9 | 0.2 | 0.4 | 1.1 |
Material | 168 | 109.0 | 0.3 | 0.9 | 1.5 |
Tractors | 71 | 112.7 | 0.4 | 1.3 | 1.3 |
Machinery and equipment for cultivation | 33 | 107.7 | 0.7 | 0.9 | 2.0 |
Machinery and equipment for harvesting | 38 | 107.1 | 0.2 | 0.5 | 1.2 |
Utility vehicles | 16 | 102.0 | 0.2 | 0.7 | 1.8 |
Buildings | 72 | 108.6 | 0.0 | -1.2 | 0.1 |
- (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)
Revision
The year on year variation of Agricultural price indices in September 2019 has been revised downwards by 0.2 points to –2.1%. The year on year variation of the purchase prices of the means of agricultural production has been revised downwards by 0.1 points to 0%.
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: 20 december 2019 at 12:00
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Time series : Indices of agricultural prices