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Informations Rapides · 26 February 2021 · n° 60
Informations rapidesIn January 2021, agricultural producer prices increased by 1.4% year on year Indices of agricultural prices - January 2021

In January 2021, agricultural producer prices increased by 1.4% year on year. Excluding fruit and vegetables, they rose by 2.2% over one month and by 1.2% year on year.

Informations rapides
No 60
Paru le :Paru le26/02/2021
Prochaine parution le : 30/04/2024 at 12:00 - March 2024
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In January 2021, agricultural producer prices increased by 1.4% year on year. Excluding fruit and vegetables, they rose by 2.2% over one month and by 1.2% year on year.

Cereal prices rebounded sharply over one month

In January 2021, cereal prices picked up (+8.6% after –0.8% in December) due in particular to the announcement of the introduction of Russian taxes on grain exports and a downward revision of world crop estimates. Price rebounds were particularly pronounced for soft wheat (+9.4% after –0.9%) and maize (+9.7% after –1.6%). Year on year, cereal prices accelerated markedly (+21.4% after +16.3% in December).

Oilseed prices were dynamic over one month (+6.5% after +0.8%) in connection with rebounds in rapeseed (+6.6% after –0.5%) and soybean (+13.0% after –0.7%) prices. Conversely, sunflower prices slowed down (+4.5% after +6.6%). Year on year, oilseed prices sped up (+15.4% after +9.9%).

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
2020-11 120.3
2020-12 119.3
2021-01 129.3

Producer prices of cereals

  • Source: INSEE.

Acceleration of fresh fruit prices and moderate decline of fresh vegetable prices year on year

Year on year, fresh fruit prices sped up in January 2021 (+12.1% after +9.8% in December). Price evolutions were divergent amongst seasonal fruit prices, still rising for apples (+14.4% after +14.2%) and still falling for walnuts (–5.4% after –5.2%). Fresh vegetable prices fell slightly year on year (–0.7% after –13.4%). Salad prices fell again year on year (–20.1% after –37.7%) as well as endive prices (–16.3% after –24.2%). Carrot prices (+4.8% after +4.3%), as well as onion (+13.6% after +14.1%) and leek prices (+15.4% after –3.3%) rose 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
2020-07 106.4
2020-08 118.8
2020-09 117.7
2020-10 128.4
2020-11 133.4
2020-12 113.6
2021-01 135.7

Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Animal prices bounced back over one month

Animal prices went up in January 2021 (+0.5% over one month after –0.8%) due to the rebound in pig prices (+2.4% after –3.7%), while large cattle prices stabilised (0.0% after –0.2%). Year on year, animal prices fell (–3.6% after –5.2%), due to the fall in pig prices (–19.6% after –25.6%). Large cattle prices increased by 1.4% year on year (after +1.1%).

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 98.5 101.7
2019-02 99.1 101.0
2019-03 98.7 101.6
2019-04 98.9 109.4
2019-05 98.8 115.4
2019-06 98.5 117.3
2019-07 97.2 118.9
2019-08 97.0 120.2
2019-09 97.2 125.8
2019-10 96.4 131.8
2019-11 96.7 133.2
2019-12 96.9 136.4
2020-01 96.6 129.3
2020-02 96.3 124.2
2020-03 95.9 122.9
2020-04 94.4 118.2
2020-05 95.5 110.8
2020-06 97.3 105.6
2020-07 97.4 104.6
2020-08 97.3 103.0
2020-09 97.3 105.2
2020-10 98.0 108.6
2020-11 98.2 105.4
2020-12 98.0 101.5
2021-01 98.0 103.9

Producer prices of pigs and large cattle

  • Source: INSEE.

Egg prices went up again, while milk prices remained down year on year

In January 2021, egg prices bounced back over one month (+6.8% after –13.5%), in connection with declining supply; they fell again sharply year on year (–36.1% after –40.7%). The price of cow milk diminished over one month (–0.4% after +0.2%) and fell again year on year (–1.5% after –1.0%).

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 Jan. 2021 a month 3 months a year
Agricultural goods output 1000 111.2 /// /// 1.4
excluding fruits and vegetables 906 110.4 2.2 2.6 1.2
Crop output (excluding fruits and vegetables) 489 117.3 3.8 5.5 5.6
Cereals 152 129.3 8.6 12.6 21.4
of which soft wheat 90 132.8 9.4 12.3 18.8
grain maize 27 135.1 9.7 15.1 25.0
Potatoes 29 196.9 /// /// -0.9
Wines 200 100.7 1.0 -0.2 -5.1
PDO wines 112 99.6 2.6 0.6 -7.9
other wines 25 92.2 -3.0 -4.5 -4.8
Oleaginous 40 122.1 6.5 15.7 15.4
Horticultural products 35 108.3 -0.1 1.1 1.1
Other crop products 33 98.0 0.3 1.2 0.1
Fruit and vegetables (1) 94 121.1 /// /// 3.3
Fresh vegetables 45 135.7 /// /// -0.7
Fresh fruit 32 127.7 /// /// 12.1
Animal output 417 102.3 0.3 -1.0 -4.1
Animals 255 100.3 0.5 -0.8 -3.6
of which large cattle 112 98.0 0.0 0.0 1.4
calves 20 94.9 0.5 -1.2 -1.7
pigs 49 103.9 2.4 -4.3 -19.6
sheep 14 113.2 3.1 3.3 8.6
poultry 57 99.8 -0.8 -0.3 0.8
of which chicken 39 99.1 -1.1 -0.4 0.2
Milk 146 109.2 -0.3 -0.2 -1.2
of which cow milk 135 109.5 -0.4 -0.2 -1.5
Eggs 16 73.5 6.8 -12.0 -36.1
  • /// Absence of meaning due to the nature of these series
  • (1) Including vegetables for industry.
  • Sources : Insee, SSP (ministry in charge of agriculture)

Further increase in input purchase prices over one month

In January 2021, the purchase prices for intermediate consumption increased by 1.7% over one month (after +0.6% in December). Energy prices (+4.7% after +4.1%), fertilisers and soil improvers prices (+3.5% after +0.3%) and animal feed prices (+2.0% after +1.0%) sped up. Plant protection product prices were almost stable (+0.1% after –2.1%). Year on year, intermediate consumption prices rebounded in January (+0.8% after –1.0%).

Prices for investment goods and services rose over one month (+0.5% after –0.1%) and year on year (+1.3% 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
2019-12 103.5
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
2020-09 101.6
2020-10 102.1
2020-11 102.6
2020-12 103.0
2021-01 104.4

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 Jan. 2021 a month 3 months a year
Total input 1000 104.4 1.4 2.3 0.8
Intermediate consumptions 760 102.6 1.7 3.0 0.8
Energy (1) 93 105.5 4.7 11.2 -11.3
Seeds 56 96.5 -0.3 -0.6 -0.9
Fertilisers and soil improvers 107 89.5 3.5 3.9 -0.9
Plant protection products 84 91.3 0.1 -2.6 -0.4
Animal feed 214 106.5 2.0 4.5 7.0
Veterinary expenses 37 113.6 0.1 0.5 2.4
Small equipment and tools 11 101.0 1.5 -0.1 -0.5
Maintenance of materials 88 113.4 0.8 1.1 3.3
Maintenance of buildings 9 109.8 0.0 0.2 1.6
Other goods and services 61 105.2 0.1 0.2 0.9
Goods and services contributing to investment 240 110.4 0.5 0.5 1.3
Material 168 111.1 0.5 0.6 1.6
Tractors 71 115.0 0.9 0.5 2.2
Machinery and equipment for cultivation 33 110.3 0.8 1.0 1.9
Machinery and equipment for harvesting 38 108.7 0.8 1.4 1.2
Utility vehicles 16 104.6 -0.8 0.1 1.7
Buildings 72 108.6 0.0 -0.1 0.1
  • (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2021.
  • Sources : Insee, SSP (ministry in charge of agriculture)

Revision

The year-on-year percentage change of Agricultural price indices in December 2020 has been revised upwards by 0.7 percentage point to –0.7%. The revision is mainly due to the correction of an error in the seasonaly adjusted price index for young cattle. The year-on-year percentage change of the input purchase prices in December 2020 was unchanged at –0.5%.

More about French agricultural price indices

The index of producer prices for agricultural products (IPPAP) measures the change 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: 31 March 2021 at 12:00

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Agricultural means of production purchasing price index

Agricultural producer price index

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