Informations rapides
30 September 2020
2020- n° 257
In August 2020, agricultural producer prices increased by 0.5% year on year Indices of agricultural prices - August 2020

In August 2020, agricultural producer prices increased by 0.5% year on year. Excluding fruit and vegetables, they declined by 0.3% over one month and by 0.6% year on year.

Informations rapides
No 257
Paru le :Paru le30/09/2020
Prochaine parution le : 30/04/2024 at 12:00 - March 2024
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In August 2020, agricultural producer prices increased by 0.5% year on year. Excluding fruit and vegetables, they declined by 0.3% over one month and by 0.6% year on year.

Decrease in cereal prices over one month

In August 2020, cereal prices declined (–1.2% after +2.7% in July), driven by the decreases in soft wheat prices (–1.2% over one month after +3.3%) and maize prices (–0.8% after +3.7%) due in particular to favourable prospects for world crops, while the summer drought is expected to affect harvests in France. Year on year, cereal prices accelerated (+7.8% in August after +5.7%).

Oilseed prices slowed down (+1.4% over one month after +2.8%) in connection with the deceleration in rapeseed prices (+1.3% after +3.7%) especially in the wake of Canadian canola prices. In addition, soybean prices in France diminished (–1.1% after +1.8%), while sunflower prices rebounded (+3.1% after –1.6%). Year on year, oilseed prices slowed down (+2.2% after +2.8%).

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
2020-06 102.3
2020-07 105.5
2020-08 104.3

Producer prices of cereals

  • Source: INSEE.

Slowdown in fresh fruit prices and rebound in fresh vegetables prices year on year

Year on year, fresh fruit prices increased by 13.3% in August (after +15.5% in July), in connection with the rise of some seasonal fruit prices: nectarines (+28.9%), peaches (+22.3%) and plums (+19.7%), while pears prices decreased by 2.6% and grapes prices by 6.7%. Fresh vegetables prices rebounded year on year (+9.9% after –9.5%), driven upwards by melon prices (+69.2%) and, to a lesser extent, courgette prices (+2.5%). The decline of some fresh vegetables prices continued in August: cucumbers (–1.7% after –28.3%), salads (–4.3% after –2.2%) and tomatoes (–24.2% after –30.7%).

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
2020-07 106.4
2020-08 118.8

Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Decline in animal prices continued year on year

Animal prices were almost stable for the third month in a row (–0.1% in August): the decline in pig prices which has begun in April continued but at a more moderate rate than in July (–0.9% after –2.1%) and large cattle prices decreased (–0.4% after +0.5%). Year on year, the decline in animal prices continued at almost the same rate as in July (–2.5% after –2.4%): the decrease in pig prices accentuated (–14.8% after –12.7%), while large cattle prices rose slightly (+0.3% after +0.1%).

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 98.5 102.9
2020-07 99.0 100.7
2020-08 98.6 99.8

Producer prices of pigs and large cattle

  • Source: INSEE.

Decreases in egg and milk prices year on year

In August 2020, the decline in egg prices continued at a higher rate than in July (–8.5% after –5.0%), due to a still limited demand. Year on year, egg prices fell by 17.9% (after –3.9%). The price of cow's milk dropped by 2.5% year on year (after –3.0% in July).

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 August 2020 a month 3 months a year
Agricultural goods output 1000 107.1 /// /// 0.5
excluding fruits and vegetables 906 105.8 -0.3 -1.6 -0.6
Crop output (excluding fruits and vegetables) 489 108.4 -0.1 -0.8 1.8
Cereals 152 103.8 -1.2 -1.7 7.8
of which soft wheat 90 107.5 -1.2 -3.2 10.8
grain maize 27 105.0 -0.8 2.8 -1.7
Potatoes 29 203.3 /// /// -0.8
Wines 200 102.8 0.4 -0.8 -0.8
PDO wines 112 101.8 1.0 -2.4 -2.5
other wines 25 98.6 -1.8 5.2 2.1
Oleaginous 40 99.2 1.4 3.0 2.2
Horticultural products 35 104.6 -0.7 -0.3 1.5
Other crop products 33 97.6 0.0 0.0 -4.2
Fruit and vegetables (1) 94 118.7 /// /// 9.1
Fresh vegetables 45 118.8 /// /// 9.9
Fresh fruit 32 128.2 /// /// 13.3
Animal output 417 102.8 -0.5 -2.6 -3.2
Animals 255 99.4 -0.1 -0.1 -2.5
of which large cattle 112 98.6 -0.4 2.4 0.3
calves 20 90.7 1.9 4.1 -2.1
pigs 49 99.8 -0.9 -8.6 -14.8
sheep 14 107.2 0.4 3.9 12.7
poultry 57 101.0 0.0 0.8 0.2
of which chicken 39 101.1 0.1 1.2 0.3
Milk 146 107.8 0.0 -2.0 -2.2
of which cow milk 135 108.1 0.0 -2.2 -2.5
Eggs 16 111.8 -8.5 -29.2 -17.9
  • /// 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 August

In August 2020, the purchase prices of intermediate consumption were almost stable over one month (–0.1% after +0.1% in July): the decline in energy prices (–0.7% after +1.9%) was partly offset by the slight rebound in crop protection products prices (+0.2% after –0.5%). Fertilisers and soil improvers prices were stable (0.0% after –0.6%) and animal feed prices were almost stable (–0.1% after –0.2%). Year on year, intermediate consumer prices decreased by 2.3% in August (after –2.5%).

Prices of investment goods and services rebounded over one month (+0.4% after –0.4%) and increased by +0.8% year on year .

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
2019-10 103.5
2019-11 103.3
2019-12 103.5
2020-01 103.6
2020-02 103.4
2020-03 102.4
2020-04 101.7
2020-05 101.6
2020-06 101.8
2020-07 101.8
2020-08 101.7

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 August 2020 a month 3 months a year
Total input 1000 101.7 -0.1 0.1 -1.5
Intermediate consumptions 760 99.5 -0.1 0.3 -2.3
Energy (1) 93 97.4 -0.7 5.3 -14.1
Seeds 56 97.0 -0.5 -1.0 -0.3
Fertilisers and soil improvers 107 86.4 0.0 -2.4 -7.4
Plant protection products 84 93.3 0.2 -0.6 -1.9
Animal feed 214 100.9 -0.1 -0.2 0.8
Veterinary expenses 37 112.9 0.2 0.7 2.9
Small equipment and tools 11 100.2 0.8 1.4 -1.5
Maintenance of materials 88 111.9 0.1 0.8 3.5
Maintenance of buildings 9 108.2 0.0 0.1 0.6
Other goods and services 61 104.2 0.0 0.1 0.1
Goods and services contributing to investment 240 108.9 0.4 -0.3 0.8
Material 168 109.5 0.5 -0.4 1.6
Tractors 71 113.1 0.4 -0.9 2.4
Machinery and equipment for cultivation 33 108.8 1.4 0.8 2.0
Machinery and equipment for harvesting 38 106.7 0.3 -0.7 -0.1
Utility vehicles 16 103.2 -0.1 0.3 0.9
Buildings 72 107.5 0.0 0.1 -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 July 2020 has been revised downwards by 0.2 points to –0.9%. The year-on-year variation of the purchase prices of the means of agricultural production in July 2020 was unchanged at –1.8%.

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 October 2020 at 12:00

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Agricultural means of production purchasing price index

Agricultural producer price index

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