Informations rapides
20 December 2019
2019- n° 346
In November 2019, agricultural producer prices decreased by 0.3% year on year Indices of agricultural prices - November 2019

In November 2019, agricultural producer prices declined by 0.3% year on year compared to November 2018. Excluding fruit and vegetables, they rose by 1.0% over one month, but decreased by 0.2% year on year.

Informations rapides
No 346
Paru le :Paru le20/12/2019
Prochaine parution le : 27/09/2024 at 12:00 - August 2024
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In November 2019, agricultural producer prices declined by 0.3% year on year compared to November 2018. Excluding fruit and vegetables, they rose by 1.0% over one month, but decreased by 0.2% year on year.

Increase in cereal prices over one month

In November 2019, cereal prices increased (+1.2% over one month after +5.2% in October) in the wake of the rise in soft wheat prices (+2.1% over one month after +5.9% in October) due to a sustained demand and concerns about the next harvest in Argentina and Australia. Maize prices were almost stable (−0.1% a month after +1.4% in October), in a context of weakening harvests in Europe while they were strong in South America and Ukraine. Conversely, oilseed prices sped up: +1.5% over one month after +0.3% in October. Rapeseed prices rebounded (+1.5% over one month after −0.2% in October) in connection with the uncertainties linked to trade negotiations between the United States and China and a recovery in palm oil prices. Soybean prices fell back (−1.9% over one month after +3.8% in October).

Year on year, cereal prices fell by 11.4% in November (after −12.4% in October) for the fifth month in a row.

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
2019-11 101.0

Producer prices of cereals

  • Source: INSEE.

Decrease in fresh fruit and fresh vegetables year on year

Year on year, fresh fruit prices fell by 4.1% in November, due to the decline of some seasonal fruits prices: nuts (−8.0%) and apples (−4.5%). In contrast, clementines prices rose by 8.5%. Year on year, fresh vegetables prices diminished by 0.2%. Tomatoes prices fell by 6.8%, leeks prices by 8.5% and carrots prices by 12.2%, while salads prices increased by 11.4% and endives prices by 17.6%.

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
2019-11 132.2

Producer prices of fresh vegetables

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

Pig prices continued to rise sharply year on year

In November 2019, animal prices rose again (+1.2% over one month after +1.7% in October) due to a new large increase in pig prices (+3.5% after +7.9% in October) which remained particularly dynamic year on year (+38.7% after +37.3%), due to the large Chinese demand connected to the ongoing swine fever epidemic. In addition, cattle prices rebounded in November (+0.5% over one month after −1.0%) and their decline year on year eased (−0.9% after −2.3% in October).

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
2019-11 96.8 139.4

Producer prices of pigs and large cattle

  • Source: INSEE.

Decrease in egg prices and slowdown in milk prices year on year

In November 2019, despite a large demand, egg prices fell again over one month (–5.1% after –7.2% in October). They also were down year on year (–0.4% after +2.5%). The price of cow's milk slowed down year on year (+1.5% in October after +2.9% in September).

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 Nov. 2019 a month 3 months a year
Agricultural goods output 1000 109,0 /// /// -0.3
excluding fruits and vegetables 906 108.2 1.0 1.9 -0.2
Crop output (excluding fruits and vegetables) 489 108.7 1.4 2.1 -4.1
Cereals 152 100.9 1.2 4.7 -11.4
of which soft wheat 90 103.9 2.1 7.1 -10.9
grain maize 27 103.9 -0.1 -2.7 -6.6
Potatoes 29 193.3 /// /// 2.6
Wines 200 105.3 1.9 1.4 -4.3
PDO wines 112 107.2 2.3 2.7 -7.4
other wines 25 98.4 5.9 0.2 -1.6
Oleaginous 40 101.5 1.5 4.5 6.7
Horticultural products 35 108.7 3.9 5.8 0.4
Other crop products 33 102.2 0.4 0.3 7.4
Fruit and vegetables (1) 94 117.3 /// /// -1.5
Fresh vegetables 45 132.2 /// /// -0.2
Fresh fruit 32 106.7 /// /// -4.1
Animal output 417 107.5 0.6 1.5 4.9
Animals 255 106,0 1.2 4.7 7.2
of which large cattle 112 96.8 0.5 0.1 -0.9
calves 20 99.6 2.5 9.2 0.9
pigs 49 139.4 3.5 19.0 38.7
sheep 14 99.3 3.5 5.6 1.7
poultry 57 99.5 -0.4 -1.3 -0.4
of which chicken 39 99.2 -0.7 -1.6 -0.6
Milk 146 109.7 /// -0.5 2.0
of which cow milk (2) 135 110.3 /// -0.5 2.0
Eggs 16 110.8 -5.1 -21.2 -0.4
  • /// Absence of meaning due to the nature of these series
  • (1) Including vegetables for industry.
  • (2)The November value of cow milk price index is the estimate of the October one. The previous month variation is the one commented in the text: +1.5% over one year in October 2019.
  • Sources : Insee. SSP (ministry in charge of agriculture)

Slight decrease in the purchase prices of the means of production

In November 2019, the purchase prices of intermediate consumptions fell slightly over one month (–0.2% as in October) due to a drop in prices of crop protection products (–1.7%) and a new decrease in fertilizers and soil improvers prices (–0.5% after –0.3%). Animal feed and energy prices remained almost steady. Year on year, the decrease in prices of intermediate consumptions pursued in November (–1.5%) at roughly the same pace as in October (–1.6%).

Prices of investment goods and services were down slightly in November (–0.2% after +0.3%) and slowed down year on year (+0.6% after +1.2%).

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
2019-09 103.7
2019-10 103.6
2019-11 103.4

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 Nov. 2019 a month 3 months a year
Total input 1000 103.4 -0.2 0.0 -1.1
Intermediate consumptions 760 101.7 -0.2 -0.2 -1.5
Energy (1) 93 116.6 0.1 2.8 -3.0
Seeds 56 97.5 0.1 0.2 -0.3
Fertilisers and soil improvers 107 92.2 -0.5 -1.2 -4.0
Plant protection products 84 93.6 -1.7 -1.6 -5.0
Animal feed 214 99.0 0.0 -1.1 -2.4
Veterinary expenses 37 110.4 0.3 0.6 2.6
Small equipment and tools 11 101.6 0.9 -0.1 -1.9
Maintenance of materials 88 108.8 0.2 0.6 3.3
Maintenance of buildings 9 107.5 0.0 -0.1 1.6
Other goods and services 61 104.3 0.0 -0.1 1.4
Goods and services contributing to investment 240 108.8 -0.2 0.7 0.6
Material 168 108.5 -0.3 0.6 0.7
Tractors 71 111.2 -0.8 0.7 -0.6
Machinery and equipment for cultivation 33 107.6 0.1 0.8 1.7
Machinery and equipment for harvesting 38 107.0 -0.1 0.2 1.0
Utility vehicles 16 102.7 0.7 0.4 2.3
Buildings 72 109.5 0.0 0.8 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)

Revision

The year on year variation of Agricultural price indices in October 2019 has been revised downwards by 0.1 points to –1.4%. The year on year variation of the purchase prices of the means of agricultural production was unchanged at –1.0% in October.

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 on 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 January 2020 at 12:00

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Agricultural means of production purchasing price index

Agricultural producer price index

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