Informations rapides
30 July 2020
2020- n° 197
In June 2020, agricultural producer prices decreased by 0.6% year on year Indices of agricultural prices - June 2020

In June 2020, agricultural producer prices decreased by 0.6% year on year. Excluding fruit and vegetables, they decreased by 1.2% over one month and by 1.7% year on year.

Informations rapides
No 197
Paru le :Paru le30/07/2020
Prochaine parution le : 27/09/2024 at 12:00 - August 2024
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In June 2020, agricultural producer prices decreased by 0.6% year on year. Excluding fruit and vegetables, they decreased by 1.2% over one month and by 1.7% year on year.

Decline in cereal prices over one month

In June 2020, the decline in cereal prices accelerated (–3.1% after –1.0% in May), driven by the sharp drop in soft wheat prices (–5.2% over one month after –1.7%). Maize prices stabilized in June (0.0% after +0.5%) in anticipation of a large world harvest. Year on year, cereal prices slowed down sharply (+0.4% in June after +4.3%).

Oilseed prices declined: –1.2% over one month after +1.0% in May. Rapeseed prices decreased (–1.1% after +1.8%) in the wake of oil and soybean prices, which continued to decrease (–1.4% after –1.3%). Sunflower prices also continued to decline (–1.4% after –1.5%). Year on year, oilseed prices slowed down (+1.1% after +3.1%).

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
2020-06 102.3

Producer prices of cereals

  • Source: INSEE.

Continued increase in fresh fruit prices and decline in fresh vegetables prices year on year

Year on year, fresh fruit prices accelerated (+22.1% in June 2020 after +17.3%), in connection with the rise of some seasonal fruit prices: apricots (+45.6%), strawberries (+23.5%), peaches and nectarines (+18.0%). Fresh vegetables prices declined year on year (–5.2% after +19.1%), driven down by melons prices (–14.6%), tomatoes prices (–13.1%), endives prices (–10.7%) and courgettes prices (–4.8%). Conversely, cucumbers prices increased (+3.9%), carrots prices (+4.7%) and salads prices (+11.4%) year on year.

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
2020-06 117.8

Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

The fall in year-on-year pig prices amplified in June

In June 2020, animal prices rebounded (+0.3% over one month after –0.5%). Large cattle prices were dynamic (+2.3% after +2.0%) while pig prices declined again (–4.9% after –6.8% in May). Year on year, the decrease in animal prices eased slightly (–2.5% after –2.8% in May), although the decline in pig prices was more pronounced in June (–9.7% after –4.4% in May). The decline in prices for large cattle also tended to ease (–1.2% year on year after –3.3% in May).

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
2020-06 98.5 103.9

Producer prices of pigs and large cattle

  • Source: INSEE.

Sharp slowdown in egg prices year on year

In June 2020, egg prices fell back considerably over one month (–18.5% after +17.7%) and slowed down sharply year on year (+5.0% after +21.9%) due to a weak demand and a stronger competition at the European level. The price of cow's milk declined by 2.6% year on year (after –1.3% in May).

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 June 2020 a month 3 months a year
Agricultural goods output 1000 108.2 /// /// -0.6
excluding fruits and vegetables 906 106.2 -1.2 -1.8 -1.7
Crop output (excluding fruits and vegetables) 489 107.9 -1.3 -1.8 -1.4
Cereals 152 102.3 -3.1 -1.3 0.4
of which soft wheat 90 105.3 -5.2 -1.7 2.1
grain maize 27 102.1 0.0 -1.7 -6.1
Potatoes 29 192.0 /// /// -3.6
Wines 200 103.2 -0.4 -5.3 -2.8
PDO wines 112 102.6 -1.6 -8.5 -6.5
other wines 25 98.3 4.9 -3.7 4.4
Oleaginous 40 95.1 -1.2 -0.4 1.1
Horticultural products 35 107.0 2.0 3.8 3.5
Other crop products 33 97.6 0.0 -0.2 -4.3
Fruit and vegetables (1) 94 123.0 /// /// 7.1
Fresh vegetables 45 117.8 /// /// -5.2
Fresh fruit 32 133.2 /// /// 22.1
Animal output 417 104.1 -1.3 -2.1 -2.2
Animals 255 99.8 0.3 -3.4 -2.5
of which large cattle 112 98.5 2.3 2.9 -1.2
calves 20 87.6 0.6 -10.0 -5.7
pigs 49 103.9 -4.9 -18.2 -9.7
sheep 14 105.7 2.4 0.8 8.9
poultry 57 100.9 0.7 1.6 -0.1
of which chicken 39 100.9 1.0 1.8 0.1
Milk 146 109.1 -0.9 -0.9 -2.2
of which cow milk 135 109.5 -1.0 -1.0 -2.6
Eggs 16 128.6 -18.5 7.3 5.0
  • /// Absence of meaning due to the nature of these series
  • (1) Including vegetables for industry.
  • Sources : Insee. SSP (ministry in charge of agriculture)

Slight increase of the price of the means of production

In June 2020, the purchase prices for intermediate consumption rose slightly over one month (+0.3% after –0.1% in May) due to the rebound in energy prices (+4.1% after +0.1%). Animal feed prices were stable (0.0% after –0.1%) and crop protection products prices were slightly down (–0.3% after +0.1%). Conversely, fertilisers and soil improvers prices continued to decrease sharply (–1.6% after –1.4%). Year on year, intermediate consumer prices declined by 2.7% in June (after -3.8%).

Prices for investment goods and services declined over one month (–0.3% after +0.1%) and slowed down year on year (+0.6% after +1.1%).

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
2020-04 101.7
2020-05 101.7
2020-06 101.9

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 June 2020 a month 3 months a year
Total input 1000 101.9 0.2 -0.5 -1.8
Intermediate consumptions 760 99.6 0.3 -0.6 -2.7
Energy (1) 93 96.2 4.1 -4.7 -15.1
Seeds 56 97.6 -0.4 -0.2 -0.1
Fertilisers and soil improvers 107 87.1 -1.6 -3.2 -6.8
Plant protection products 84 93.5 -0.3 0.6 -3.8
Animal feed 214 101.1 0.0 0.4 0.0
Veterinary expenses 37 112.5 0.2 0.9 2.5
Small equipment and tools 11 100.9 0.5 0.5 -2.2
Maintenance of materials 88 111.2 0.2 0.9 3.2
Maintenance of buildings 9 108.1 0.0 -0.1 0.7
Other goods and services 61 104.9 0.1 0.1 1.1
Goods and services contributing to investment 240 109.1 -0.3 -0.1 0.6
Material 168 109.7 -0.3 0.0 1.5
Tractors 71 113.6 -0.4 -0.1 2.2
Machinery and equipment for cultivation 33 107.9 0.0 0.5 0.9
Machinery and equipment for harvesting 38 107.2 -0.2 -0.1 0.5
Utility vehicles 16 103.2 -0.2 0.4 1.3
Buildings 72 107.9 0.0 -0.3 -1.0
  • (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 May 2020 was unchanged at +0.7%. The year-on-year variation of the purchase prices of the means of agricultural production in May 2020 has been revised downwards by 0,1 points to –2.6%.

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: 28 August 2020 at 12:00

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Agricultural means of production purchasing price index

Agricultural producer price index

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