30 June 2020
N° 2020-172

In May 2020, agricultural producer prices increased by 0.7% year on yearIndices of agricultural prices - May 2020

In May 2020, agricultural producer prices increased by 0.7% year on year. Excluding fruit and vegetables, they went up by 0.4% over one month and decreased by 0.6% year on year.

Informations rapides
No 172
Paru le : Paru le 30/06/2020
Informations rapides  No 172 - June 2020

In May 2020, agricultural producer prices increased by 0.7% year on year. Excluding fruit and vegetables, they went up by 0.4% over one month and decreased by 0.6% year on year.

Decline in cereal prices over one month

In May 2020, cereal prices declined (–1.0% after +3.0% in April), driven by the decrease in soft wheat prices (–1.7% over one month after +5.5%) due to weak demand and despite fears of drought in Europe. Maize prices rebounded slightly in May (+0.5% after –2.2%). Year on year, cereal prices accelerated (+4.3% in May after +2.7%).

Oilseed prices rebounded: +1.0% over one month after –0.2% in April. Rapeseed prices recovered (+1.8% after –1.1%) following the recovery of oil prices and the drought in Europe. Soybean prices went down (–1.3% after a stability in April) and sunflower prices were down (–1.5% after +4.1%). Year on year, oilseed prices accelerated (+3.1% after +1.8%).

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
2019-12 102.5
2020-01 106.5
2020-02 105.3
2020-03 103.0
2020-04 106.3
2020-05 105.2

Producer prices of cereals

  • Source: INSEE.

Large increases in fresh fruit and vegetables prices year on year

Year on year, fresh fruit prices remained dynamic (+17.3% in May 2020 after +10.9%), in connection with the rise of some seasonal fruits prices: apples (+5.7%), cherries (+7.3%) and strawberries (+28.0%). Year on year, fresh vegetables prices slowed (+19.1% after +49.8%). Courgettes prices increased by 7.3%, asparagus prices by 8.8%, salads prices by 18.0%, cucumbers prices by 33.2%, tomatoes prices by 37.2% and endives prices by 42.6%.

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
2019-12 131.2
2020-01 136.7
2020-02 118.2
2020-03 147.6
2020-04 176.3
2020-05 118.9

Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Pig prices decreased again over one month and decline year on year

In May 2020, animal prices diminished (–0.5% over one month after –3.2%), mainly due to a further decline in pig prices (–6.8% after –7.7% in April), which now fell back year on year (–4.4% after +7.7%). In addition, cattle prices rebounded over one month (+2.0% after –1.4%) and still went down year on year (–3.3%) but in a lesser extent than in April (–4.6%).

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 96.8 98.7
2018-02 96.5 100.0
2018-03 97.9 100.4
2018-04 97.8 96.7
2018-05 98.8 95.3
2018-06 98.9 93.5
2018-07 100.1 92.5
2018-08 99.8 92.9
2018-09 99.7 95.5
2018-10 98.5 96.9
2018-11 96.3 99.3
2018-12 96.5 100.9
2019-01 96.9 102.9
2019-02 98.0 101.7
2019-03 98.6 104.6
2019-04 99.0 108.8
2019-05 99.6 114.2
2019-06 99.7 115.1
2019-07 98.9 115.4
2019-08 98.3 117.1
2019-09 98.2 125.3
2019-10 96.3 133.1
2019-11 95.3 137.5
2019-12 95.2 139.1
2020-01 95.1 131.5
2020-02 95.2 125.1
2020-03 95.7 127.0
2020-04 94.4 117.2
2020-05 96.3 109.2

Producer prices of pigs and large cattle

  • Source: INSEE.

Egg prices rose sharply and milk prices decreased year on year

In May 2020, egg prices accelerated further over one month (+17.7% after +11.9%) and year on year (+21.9% after +17.5%) due to a limited supply. The price of cow's milk was almost stable over one month (–0.1% after +0.2%). Year on year, it dropped by 1.2% (after –1.1% in April).

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 May 2020 a month 3 months a year
Agricultural goods output 1000 108.7 /// /// 0.7
excluding fruits and vegetables 906 107.5 0.4 -0.4 -0.6
Crop output (excluding fruits and vegetables) 489 109.3 0.3 -0.3 -0.4
Cereals 152 105.6 -1,0 0,0 4.3
of which soft wheat 90 111.1 -1.7 0.8 6.6
grain maize 27 102.1 0.5 -3.7 2.2
Potatoes 29 200.5 /// /// -3.3
Wines 200 103.6 0.1 -0.9 -3,0
PDO wines 112 104.3 1.7 -1.6 -5.1
other wines 25 93.7 -7.2 -0.1 -4,0
Oleaginous 40 96.3 1,0 -5.3 3.1
Horticultural products 35 104.9 1.6 -1.1 0,0
Other crop products 33 97.6 0,0 -1.3 -4,0
Fruit and vegetables (1) 94 120.3 /// /// 14.9
Fresh vegetables 45 118.9 /// /// 19.1
Fresh fruit 32 130.9 /// /// 17.3
Animal output 417 105.5 0.6 -0.4 -1,0
Animals 255 99.5 -0.5 -3.2 -2.8
of which large cattle 112 96.3 2,0 1.2 -3.3
calves 20 87.1 -4.4 -10.4 -5.7
pigs 49 109.2 -6.8 -12.7 -4.4
sheep 14 103.2 5.5 -4.4 1.7
poultry 57 100.2 0.7 1,0 -0.9
of which chicken 39 99.9 0.6 0.9 -1,0
Milk 146 110.2 -0.1 -0.5 -0.9
of which cow milk 135 110.7 -0.1 -0.6 -1.2
Eggs 16 157.8 17.7 42.9 21.9
  • /// Absence of meaning due to the nature of these series
  • (1) Including vegetables for industry.
  • Sources : Insee. SSP (ministry in charge of agriculture)

Quasi-stability of the price of the means of production

In May 2020, the purchase prices of intermediate consumption were almost stable over one month (–0.1% after –0.8% in April). They were almost stable for animal feed prices (–0.1% after +0.5%), energy prices (+0.1% after –8.5%) and crop protection products prices (+0.1% after +0.9%). Fertilisers and soil improvers prices continued to decrease (–1.1% over one month after –0.2%). Year on year, intermediate consumer prices fell again in May (–3.8% after –3.9%).

Prices for investment goods and services were also almost stable over one month (+0.1% as in April) and continued to rise year on year (+1.1% after +0.7%).

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
2019-08 103.3
2019-09 103.7
2019-10 103.6
2019-11 103.3
2019-12 103.6
2020-01 103.6
2020-02 103.4
2020-03 102.4
2020-04 101.8
2020-05 101.8

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 May 2020 a month 3 months a year
Total input 1000 101.8 0.0 -1.5 -2.5
Intermediate consumptions 760 99.3 -0.1 -2.1 -3.8
Energy (1) 93 92.4 0.1 -18.4 -22.4
Seeds 56 98.0 0.0 0.7 0.5
Fertilisers and soil improvers 107 88.7 -1.1 -1.3 -6.3
Plant protection products 84 93.9 0.1 2.1 -3.4
Animal feed 214 101.1 -0.1 0.9 -0.1
Veterinary expenses 37 112.2 0.1 1.1 2.2
Small equipment and tools 11 100.5 0.1 -3.7 -1.7
Maintenance of materials 88 111.0 0.7 0.8 3.2
Maintenance of buildings 9 108.2 0.0 0.0 1.0
Other goods and services 61 104.8 0.0 0.0 1.0
Goods and services contributing to investment 240 109.4 0.1 -0.2 1.1
Material 168 109.9 0.1 -0.2 1.9
Tractors 71 114.1 -0.1 0.0 2.7
Machinery and equipment for cultivation 33 107.8 0.6 -0.3 1.3
Machinery and equipment for harvesting 38 107.3 -0.1 -0.6 0.5
Utility vehicles 16 103.1 0.3 0.3 1.4
Buildings 72 108.2 0.0 -0.3 -0.6
  • (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2020.
  • Sources : Insee. SSP (ministry in charge of agriculture)

Revision

The year-on-year variation of Agricultural price indices in April 2020 has been revised upwards by 0.4 points to +2.3%. The year-on-year variation of the purchase prices of the means of agricultural production was unchanged in April 2020 at –2.7%.

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 fruit 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: 30 July 2020 at 12:00


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