30 June 2020
2020- n° 172In May 2020, agricultural producer prices increased by 0.7% year on year Indices 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.
- Decline in cereal prices over one month
- Large increases in fresh fruit and vegetables prices year on year
- Pig prices decreased again over one month and decline year on year
- Egg prices rose sharply and milk prices decreased year on year
- Quasi-stability of the price of the means of production
- Revision
- To know more about French agricultural price indices
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%).
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 |
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 |
graphiqueProducer prices of cereals
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%.
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 |
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 |
graphiqueProducer prices of fresh vegetables
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%).
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 | 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 |
graphiqueProducer prices of pigs and large cattle
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).
tableauIndex of producer prices of agricultural products (IPPAP)
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%).
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 | 103.3 |
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 |
graphiquePurchase prices of the means of agricultural production
tableauIndices of purchase prices of the means of agricultural production (IPAMPA)
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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Time series : Indices of agricultural prices