29 November 2019
N° 2019-317

In October 2019, agricultural producer prices decreased by 1.3% year on yearIndices 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.

Informations rapides
No 317
Paru le : Paru le 29/11/2019
Informations rapides  No 317 - November 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

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).

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
2019-10 99.9

Producer prices of cereals

  • Source: INSEE.

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%.

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
2019-10 103.9

Producer prices of fresh vegetables

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

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).

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 98.3 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

Producer prices of pigs and large cattle

  • Source: INSEE.

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.

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 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%).

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
2019-08 103.4
2019-09 103.6
2019-10 103.6

Purchase prices of the means of agricultural production

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

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 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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