Informations rapides
27 November 2020
2020- n° 312
In October 2020, agricultural producer prices increased by 2.1% year on year Indices of agricultural prices - October 2020

In October 2020, agricultural producer prices increased by 2.1% year on year. Excluding fruit and vegetables, they rose by 2.1% over one month and by 0.6% year on year.

Informations rapides
No 312
Paru le :Paru le27/11/2020
Prochaine parution le : 27/09/2024 at 12:00 - August 2024
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In October 2020, agricultural producer prices increased by 2.1% year on year. Excluding fruit and vegetables, they rose by 2.1% over one month and by 0.6% year on year.

Acceleration of cereal prices

In October 2020, cereal prices sped up (+6.7% after +3.5% in September), driven by maize prices (+8.0% over one month after +3.5%) and soft wheat prices (+6.4% after +3.4%), due to strong international demand and drought-related concerns about world harvests, particularly in Russia, Argentina and the United States. Year on year, cereal prices also accelerated (+14.9% in October after +13.3%).

Oilseed prices rose by 2.7% over one month (after +3.5%) in connection with increases in soybean prices (+9.0% after +8.0%), sunflower prices (+8.5% after +13.4%) and to a lesser extent rapeseed prices (+1.1% after +1.3%). Year on year, oilseed prices sped up (+5.5% after +3.0%).

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
2020-10 114.8

Producer prices of cereals

  • Source: INSEE.

Sharp increase in fresh fruit prices and fresh vegetables prices year on year

Year on year, fresh fruit prices rose by 11.0% in October 2020 (after +11.8% in September), in connection with the rise in some seasonal fruit prices: grapes (+29.1%) and apples (+11.5%), while pear prices fell by 9.0% (after –2.0% in September) and walnuts prices by 2.3%. Fresh vegetables prices sped up year on year (+23.6% after +3.4%). They were driven upwards by endives prices (+37.4%), tomatoes (+34.6% after –11.2% in September) and, to a lesser extent, carrots (+12.9%) and salads (+11.6%).

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
2020-06 117.8
2020-07 106.4
2020-08 118.8
2020-09 117.7
2020-10 128.4

Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Further decline in animal prices year on year

Animal prices rose in October 2020 (+1.6% over one month after +0.7%): pig prices remained dynamic (+5.3% after +4.9%), while large cattle prices decreased again (–0.4% as in September and August). Year on year, the decline in animal prices was more moderate in October (–2.6% after –3.4%): the fall in pig prices remained marked (–17.2% after –16.4%), while large cattle prices recovered (+1.6% after 0.0%).

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
2020-10 97.8 110.2

Producer prices of pigs and large cattle

  • Source: INSEE.

Falling egg prices and further fall in milk prices year on year

In October 2020, egg prices fell (–24.3% after –2.8%) due to weak demand in France. Year on year, the fall in egg prices became more pronounced (–29.4% after –13.5%). The price of cow milk rose over one month (+1.2% after 0.0%) and dropped for the eighth consecutive month year on year (–0.5% after –1.9% in September).

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 Oct. 2020 a month 3 months a year
Agricultural goods output 1000 109.3 /// /// 2.1
excluding fruits and vegetables 906 107.9 2.1 1.7 0.6
Crop output (excluding fruits and vegetables) 489 111.5 3.4 2.8 3.5
Cereals 152 114.6 6.7 9.0 14.9
of which soft wheat 90 118.3 6.4 8.7 16.2
grain maize 27 117.4 8.0 10.9 12.9
Potatoes 29 193.5 /// /// -4.4
Wines 200 100.3 0.8 -2.1 -3.1
PDO wines 112 99.0 2.8 -1.8 -5.5
other wines 25 91.9 -5.7 -8.5 -2.2
Oleaginous 40 105.5 2.7 7.9 5.5
Horticultural products 35 115.1 7.6 8.9 9.6
Other crop products 33 98.3 0.1 0.2 -3.9
Fruit and vegetables (1) 94 121.0 /// /// 14.9
Fresh vegetables 45 128.4 /// /// 23.6
Fresh fruit 32 118.5 /// /// 11.0
Animal output 417 103.7 0.4 0.4 -2.9
Animals 255 101.7 1.6 2.2 -2.6
of which large cattle 112 97.8 -0.4 -1.2 1.6
calves 20 97.5 6.2 9.6 0.9
pigs 49 110.2 5.3 9.4 -17.2
sheep 14 109.2 0.9 2.2 12.6
poultry 57 101.1 1.2 0.1 1.2
of which chicken 39 100.7 1.3 -0.3 0.8
Milk 146 109.6 1.2 1.8 -0.3
of which cow milk 135 110.0 1.2 1.9 -0.5
Eggs 16 82.3 -24.3 -32.7 -29.4
  • /// Absence of meaning due to the nature of these series
  • (1) Including vegetables for industry.
  • Sources : Insee, SSP (ministry in charge of agriculture)

Rebound in input purchase prices over one month

In October 2020, the purchase prices for intermediate consumption rebounded over one month (+0.5% after –0.4% in September) driven by an acceleration in animal feed prices (+1.0% after +0.2%) and a slight recovery in energy prices (+1.2% after –3.7%). Increases in prices of fertilisers and soil improvers (+0.2% after –0.7%) and plant protection products (+0.2% after +0.3%) were moderate. Year on year, intermediate consumer prices continued to decline in October (–2.3% after –2.9%).

Prices of investment goods and services rose over one month (+0.6% after +0.1%) and year on year (+0.7% after +0.2%).

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
2019-12 103.5
2020-01 103.6
2020-02 103.4
2020-03 102.3
2020-04 101.7
2020-05 101.7
2020-06 101.8
2020-07 101.8
2020-08 101.8
2020-09 101.5
2020-10 102.0

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 Oct. 2020 a month 3 months a year
Total input 1000 102.0 0.5 0.2 -1.5
Intermediate consumptions 760 99.6 0.5 0.0 -2.3
Energy (1) 93 94.9 1.2 -3.3 -18.5
Seeds 56 97.1 0.1 -0.4 -0.2
Fertilisers and soil improvers 107 85.9 0.2 -0.6 -7.3
Plant protection products 84 93.8 0.2 0.6 -1.5
Animal feed 214 102.0 1.0 1.0 3.0
Veterinary expenses 37 113.1 0.3 0.4 2.7
Small equipment and tools 11 102.2 -0.8 2.9 1.5
Maintenance of materials 88 112.2 0.2 0.4 3.3
Maintenance of buildings 9 108.7 0.0 0.3 1.0
Other goods and services 61 104.5 0.0 -0.2 0.0
Goods and services contributing to investment 240 109.5 0.6 0.8 0.7
Material 168 110.3 0.7 1.1 1.4
Tractors 71 114.2 0.8 1.3 1.9
Machinery and equipment for cultivation 33 109.2 1.2 1.7 1.6
Machinery and equipment for harvesting 38 106.9 0.3 0.5 -0.2
Utility vehicles 16 104.3 0.4 0.6 2.3
Buildings 72 107.6 0.0 0.1 -0.8
  • (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 September 2020 has been revised upwards by 0.1 percentage point to +0.0%. The year-on-year percentage change of the input purchase prices in September 2020 has also been revised upwards by 0.1 percentage point to –2.1%.

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 price 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: 23 December 2020 at 12:00

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Agricultural means of production purchasing price index

Agricultural producer price index

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