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Informations Rapides · 30 November 2021 · n° 315
Informations rapidesIn October 2021, agricultural producer prices rose by 14.5% year on year Indices of agricultural prices - October 2021

In October 2021, agricultural producer prices went up by 14.5% year on year. It is the highest rise recorded since December 2012. Excluding fruits and vegetables, agricultural producer prices rose by 16.4% year on year (after +14.7%) and by 3.6% over one month (after +3.4%).

Informations rapides
No 315
Paru le :Paru le30/11/2021
Prochaine parution le : 27/09/2024 at 12:00 - August 2024
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In October 2021, agricultural producer prices went up by 14.5% year on year. It is the highest rise recorded since December 2012. Excluding fruits and vegetables, agricultural producer prices rose by 16.4% year on year (after +14.7%) and by 3.6% over one month (after +3.4%).

Acceleration of cereal prices over one month

In October 2021, cereal prices accelerated (+8.9% over one month after +5.0%), in particular soft wheat prices (+8.6% after +4.0%) and maize prices (+7.7% after +3.7%), due in particular to strong international demand. Year on year, cereal prices, which were already dynamic, also accelerated (+38.5% after +35.7%).

Oilseed prices continued to accelerate in October 2021 (+10.9% over one month after +6.6% in September and +4.9% in August) due to the increases in sunflower prices (+12.6% after +3.3%) and rapeseed prices (+11.5% after +7.6%). In contrast, soybean prices fell (–7.7% after +0.6%). Year on year, oilseed prices also continued to accelerate (+65.1% after +53.0% and +48.6%).

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
2021-02 131.0
2021-03 128.8
2021-04 127.1
2021-05 132.2
2021-06 125.6
2021-07 123.6
2021-08 139.2
2021-09 146.0
2021-10 159.1

Producer prices of cereals

  • Source: INSEE

Slowdown of fresh fruit prices and fall of fresh vegetable prices year on year

Year on year, fresh fruit prices slowed down in October 2021 (+12.1% after +25.7% in September). Pear prices remained particularly dynamic (+51.1% after +46.6%) but rises were more moderate for some seasonal fruit prices: grape (+17.0% after +31.6%), nut (+13.2%) and apple (+8.5% after +19.7%). Fresh vegetable prices fell year on year (–8.8% in October after –2.6%) with very contrasting trends depending on the product. Thus, endive prices (–27.7% after –31.6%), carrot prices (–23.1% after –16.0%), tomato prices (–12.8% after +15.1%) and salad prices (–7.3% after –6.7%) fell sharply year on year, while mushroom prices (+5.2%) and garlic prices (+35.6% after +37.6%) went up.

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
2021-02 137.4
2021-03 148.2
2021-04 143.1
2021-05 115.0
2021-06 114.9
2021-07 119.3
2021-08 127.9
2021-09 114.6
2021-10 117.1

Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Slight rise of animal prices over one month

In October 2021, animal prices picked up slightly over one month (+0.8% after +0.5%), due to the rise in large cattle prices (+2.5% after +1.7%) and despite the fall in pig prices (–3.3% after –3.1%) in the context of fierce European competition due to reduced Chinese demand.

Year on year, animal prices decelerated slightly in October (+5.5% after +6.1%), with the sharper fall than in September in pig prices (–9.6% after –3.4%) offsetting the acceleration of large cattle prices (+10.1% after +8.2%).

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
2021-02 98.1 103.6
2021-03 99.4 104.6
2021-04 100.1 110.4
2021-05 100.2 121.4
2021-06 101.1 120.5
2021-07 101.6 110.2
2021-08 103.5 104.8
2021-09 105.3 101.6
2021-10 107.9 98.2

Producer prices of pigs and large cattle

  • Source: INSEE.

Sharp rise of egg prices and slowdown of milk prices year on year

In October 2021, egg prices rebounded over one month (+2.2% after –1.5%) and accelerated sharply year on year (+58.3% after +27.9%). The price of cow milk fell over one month (–0.2% after +0.3%) and slowed down year on year (+5.8% after +6.6%).

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. 2021 a month 3 months a year
Agricultural goods output 1000 125.1 /// /// 14.5
excluding fruits and vegetables 906 125.3 3.6 10.0 16.4
Crop output (excluding fruits and vegetables) 489 137.7 5.9 17.0 23.7
Cereals 152 159.0 8.9 28.8 38.5
of which soft wheat 90 159.8 8.6 29.4 35.1
grain maize 27 157.7 7.7 17.5 34.3
Potatoes 29 210.6 /// /// 10.7
Wines 200 114.1 5.0 7.1 13.1
PDO wines 112 122.1 7.7 11.8 23.3
other wines 25 104.4 4.0 2.7 8.2
Oleaginous 40 174.2 10.9 24.0 65.1
Horticultural products 35 109.3 3.2 4.3 2.1
Other crop products 33 105.7 0.6 2.2 3.5
Fruit and vegetables (1) 94 123.7 /// /// 0.2
Fresh vegetables 45 117.1 /// /// -8.8
Fresh fruit 32 136.5 /// /// 12.1
Animal output 417 110.7 0.5 1.2 7.2
Animals 255 106.7 0.8 1.1 5.5
of which large cattle 112 107.9 2.5 6.2 10.1
calves 20 104.8 -0.1 2.4 9.1
pigs 49 98.2 -3.3 -10.9 -9.6
sheep 14 117.6 2.4 3.3 7.3
poultry 57 109.1 0.7 1.4 9.0
of which chicken 39 108.2 0.7 1.3 8.7
Milk 146 115.4 -0.1 -0.3 5.5
of which cow milk 135 116.1 -0.2 -0.4 5.8
Eggs 16 132.2 2.2 17.7 58.3
  • /// Absence of meaning due to the nature of these series
  • (1) Including vegetables for industry.
  • Sources : Insee, SSP (ministry in charge of agriculture)

Acceleration of input purchase prices over one month

The input purchase prices sped up over one month (+3.5% after +1.3%) and year on year (+14.7% after +11.4%).

In October 2021, the purchase prices of intermediate consumption accelerated over one month (+4.7% after +1.6%) due to the rises in fertilizer and soil improver prices (+19.9% after +7.6%), energy prices (+9.2% after +2.9%) and animal food prices (+1.0% after +0.4%). Year on year, prices of intermediate consumption sped up again in October (+17.4% after +12.7% and +10.5%).

Prices of investment goods and services rose over one month (+0.2% after 0.0%) and year on year (+7.0% after +7.5%).

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
2020-10 102.1
2020-11 102.6
2020-12 103.1
2021-01 104.5
2021-02 106.4
2021-03 107.5
2021-04 107.9
2021-05 108.5
2021-06 109.6
2021-07 111.0
2021-08 111.7
2021-09 113.1
2021-10 117.1

Purchase prices of the means of agricultural production

  • Sources: INSEE, SSP (ministry in charge of agriculture)

Indices of purchase prices of inputs of agricultural production (IPPIAP)

Raw data - base and reference 100 in 2015
Indices of purchase prices of inputs of agricultural production (IPPIAP) (Raw data - base and reference 100 in 2015)
Variation as % over
Weights Oct. 2021 a month 3 months a year
Total input 1000 117.1 3.5 5.5 14.7
Intermediate consumptions 760 116.9 4.7 6.9 17.4
Energy (1) 93 132.7 9.2 11.6 39.8
Seeds 56 97.9 0.5 1.2 0.8
Fertilisers and soil improvers 107 145.1 19.9 33.2 68.5
Plant protection products 84 93.0 0.2 0.4 -0.7
Animal feed 214 115.1 1.0 1.7 13.0
Veterinary expenses 37 114.4 0.4 0.4 1.2
Small equipment and tools 11 115.1 1.0 2.4 13.8
Maintenance of materials 88 115.2 0.3 0.6 2.7
Maintenance of buildings 9 113.1 0.0 0.0 3.2
Other goods and services 61 105.5 0.0 0.0 0.8
Goods and services contributing to investment 240 117.6 0.2 1.2 7.0
Material 168 113.8 0.3 0.8 3.1
Tractors 71 118.6 0.5 1.1 3.7
Machinery and equipment for cultivation 33 110.7 -0.5 0.4 1.4
Machinery and equipment for harvesting 38 109.6 0.5 0.7 2.2
Utility vehicles 16 107.4 1.3 1.0 2.8
Buildings 72 126.3 0.0 2.0 16.2
  • (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

For September 2021, the year-on-year percentage change of the Agricultural production price index has been revised upwards by 0.3 percentage points at +13.9%, compared to the previous release. The year-on-year percentage change of the input purchase prices index in September 2021 has also been revised upwards by 0.3 percentage points at +11.4%, compared to the previous release.

More about French agricultural price indices

The index of producer prices for agricultural products (IPPAP) measures the change in product prices when the products 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 can be interpreted only year on year. If needed, indices are seasonally adjusted.

The index of the purchase prices of inputs for agricultural production (IPPIAP) 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 IPPIAP: https://www.insee.fr/en/metadonnees/source/indicateur/p1652/description

Next issue: 24 December 2021 at 12:00.

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Agricultural means of production purchasing price index

Agricultural producer price index

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