Informations rapides
30 October 2020
2020- n° 276
In September 2020, agricultural producer prices decreased by 0.1% year on year Indices of agricultural prices - September 2020

In September 2020, agricultural producer prices decreased by 0.1% year on year. Excluding fruit and vegetables, they declined by 0.3% over one month and by 0.7% year on year.

Informations rapides
No 276
Paru le :Paru le30/10/2020
Prochaine parution le : 27/09/2024 at 12:00 - August 2024
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In September 2020, agricultural producer prices decreased by 0.1% year on year. Excluding fruit and vegetables, they declined by 0.3% over one month and by 0.7% year on year.

Cereal prices on the rise again in September

In September 2020, cereal prices recovered (+3.5% after –1.2% in August), driven by maize prices (+3.5% over one month after –0.8%) and soft wheat prices (+3.4% after –1.2%), in the wake of high international demand and concerns about the French harvests due to drought. Year on year, cereal prices sped up (+13.3% in September after +7.8%).

Oilseed prices accelerated (+3.5% over one month after +1.4%) in connection with the rebound in soybean prices (+8.0% after –1.1%). Furthermore, sunflower prices also boosted (+13.4% after +3.1%) while the rise in rapeseed prices remained moderate (+1.3% as in August). Year on year, oilseed prices sped up (+3.0% after +2.2%).

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
2020-09 107.6

Producer prices of cereals

  • Source: INSEE.

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

Year on year, fresh fruit prices rose by 11.8% in September 2020 (after +13.3% in August), in connection with the rise of some seasonal fruit prices: plums (+38.1%), grapes (+10.8%) and apples (+7.7%), while pear prices declined by 2.0% (after –2.6% in August). Fresh vegetables prices slowed down year on year (+3.4% after +9.9%). They continued to be driven upwards by endives prices (+24.0%) and, to a lesser extent, carrots prices (+8.4%). Salads prices were stable while garlic prices declined by 2.4%, melons prices by 3.3% and tomatoes prices by 11.2%.

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
2020-09 117.7

Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Further decline in animal prices year on year

Animal prices recovered in September 2020 (+0.7% over one month after –0.1%): pig prices bounced back (+4.9% after –0.9%), while large cattle prices decreased again (–0.4% as in August). Year on year, the decline in animal prices intensified (–3.4 % after –2.5 %) due to the persistent fall in pig prices (–16.4 % after –14.8 %). Large cattle prices stabilized year on year (0.0 % after +0.3 %).

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
2020-09 98.2 104.7

Producer prices of pigs and large cattle

  • Source: INSEE.

Large decrease in egg and milk prices year on year

In September 2020, egg prices continued to drop (–2.8% after –8.5% and –5.0%) due to a still weak demand. Year on year, egg prices continued to decrease (–13.5% after –17.9%). The price of cow's milk declined slightly over one month (–0.3% after +0.6%) and dropped for the seventh month in a row year on year (–2.0% after –1.8% in August).

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 Sept. 2020 a month 3 months a year
Agricultural goods output 1000 106.8 /// /// -0.1
excluding fruits and vegetables 906 105.7 -0.3 -0.5 -0.7
Crop output (excluding fruits and vegetables) 489 107.8 -0.6 -0.3 1.5
Cereals 152 107.4 3.5 5.0 13.3
of which soft wheat 90 111.2 3.4 5.6 15.7
grain maize 27 108.7 3.5 6.5 5.9
Potatoes 29 188.3 /// /// -8.4
Wines 200 99.5 -3.2 -4.0 -3.6
PDO wines 112 96.3 -5.4 -6.9 -6.3
other wines 25 97.5 -1.1 -0.8 -2.9
Oleaginous 40 102.7 3.5 8.0 3.0
Horticultural products 35 106.6 1.9 -0.4 1.9
Other crop products 33 97.7 0.1 0.1 -3.9
Fruit and vegetables (1) 94 116.9 /// /// 5.5
Fresh vegetables 45 117.7 /// /// 3.4
Fresh fruit 32 121.5 /// /// 11.8
Animal output 417 103.3 0.2 -0.6 -3.2
Animals 255 100.1 0.7 0.5 -3.4
of which large cattle 112 98.2 -0.4 -0.3 0.0
calves 20 91.8 1.2 4.8 -2.0
pigs 49 104.7 4.9 1.7 -16.4
sheep 14 108.2 0.9 2.4 11.9
poultry 57 99.9 -1.1 -1.0 -0.4
of which chicken 39 99.4 -1.7 -1.5 -0.7
Milk 146 108.2 -0.3 -0.6 -1.7
of which cow milk 135 108.6 -0.3 -0.5 -2.0
Eggs 16 108.7 -2.8 -15.5 -13.5
  • /// Absence of meaning due to the nature of these series
  • (1) Including vegetables for industry.
  • Sources : Insee, SSP (ministry in charge of agriculture)

Decrease in input purchase prices over one month

In September 2020, the purchase prices of intermediate consumption declined over one month (–0.4% after –0.1% in August). Energy prices decreased by 3.7% (after –0.7%) and fertilisers and soil improvers prices were down by 0.7% (after 0.0%). Conversely, animal feed prices bounced back slightly (+0.3% after –0.2%) and plant protection products prices recovered (+0.4% after 0.0%). Year on year, the drop in intermediate consumer prices was more marked in September than in August (–2.8% after –2.3%).

Prices of investment goods and services were stable over one month (0.0% after +0.3%) and slowed down year on year (+0.2% after +0.8%).

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
2020-08 101.8
2020-09 101.4

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 Sept. 2020 a month 3 months a year
Total input 1000 101.4 -0.4 -0.4 -2.2
Intermediate consumptions 760 99.1 -0.4 -0.4 -2.8
Energy (1) 93 93.8 -3.7 -2.6 -19.7
Seeds 56 97.0 -0.1 -0.9 -0.4
Fertilisers and soil improvers 107 85.7 -0.7 -1.4 -7.8
Plant protection products 84 93.6 0.4 0.0 -1.6
Animal feed 214 101.1 0.3 -0.1 1.6
Veterinary expenses 37 112.8 -0.1 0.4 2.7
Small equipment and tools 11 103.1 0.0 1.1 0.5
Maintenance of materials 88 112.0 0.1 0.7 3.5
Maintenance of buildings 9 108.4 0.0 0.2 0.8
Other goods and services 61 104.1 -0.1 -0.1 0.1
Goods and services contributing to investment 240 108.9 0.0 0.0 0.2
Material 168 109.5 0.0 -0.1 1.0
Tractors 71 113.3 0.3 0.1 1.3
Machinery and equipment for cultivation 33 107.8 -0.8 -0.2 0.9
Machinery and equipment for harvesting 38 106.8 0.1 -0.4 -0.1
Utility vehicles 16 103.6 0.0 0.3 2.0
Buildings 72 107.5 0.0 0.0 -1.8
  • (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 percentage change of Agricultural price indices in August 2020 has been revised upwards by 0.1 percentage point to +0.6%. The year-on-year percentage change of the input purchase prices in August 2020 was left unchanged at –1.5%.

More about French agricultural price indices

The index 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 seasonal pattern. As a result their variations must only be interpreted year on year. If needed, indices are seasonally adjusted.

The index of the purchase prices of inputs for agricultural production (IPAMPA) reflects the prices evolution of goods and services used in the agricultural process. It is not seasonaly adjusted.

The methodology of IPPAP is available on the Insee web site: https://www.insee.fr/en/metadonnees/source/indicateur/p1657/description

and IPAMPA: https://www.insee.fr/en/metadonnees/source/indicateur/p1652/description

Next issue: 27 November 2020 at 12:00

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Agricultural means of production purchasing price index

Agricultural producer price index

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