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Informations Rapides · 29 April 2022 · n° 119
Informations rapidesIn March 2022, agricultural producer prices sped up very sharply year on year: +26.8% after +14.5% in February Indices of agricultural prices - March 2022

In March 2022, agricultural producer prices went up by 26.8% compared to March 2021 (after +14.5% in February 2022 compared to February 2021). This rise, due in particular to the surge in cereal prices, was unprecedented: the highest rise year on year recorded up to now was +26.1% in March 2008. Excluding fruits and vegetables, agricultural producer prices rose by 29.9% year on year (after +16.3% in February) and by 11.4% over one month (after +0.5%). This rise was also the highest monthly rose recorded in the available series since January 2005.

Informations rapides
No 119
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In March 2022, agricultural producer prices went up by 26.8% compared to March 2021 (after +14.5% in February 2022 compared to February 2021). This rise, due in particular to the surge in cereal prices, was unprecedented: the highest rise year on year recorded up to now was +26.1% in March 2008. Excluding fruits and vegetables, agricultural producer prices rose by 29.9% year on year (after +16.3% in February) and by 11.4% over one month (after +0.5%). This rise was also the highest monthly rose recorded in the available series since January 2005.

Soaring cereal prices over one month and year on year

In March 2022, cereal prices rebounded very sharply (+36.9% over one month after –2.0%), in the wake of the evolution of soft wheat prices (+39.8% after –2.3%) due to the war in Ukraine and the international sanctions against Russia, which affected two of the main soft wheat exporting countries. This conflict and its consequences were also behind the very strong rise of maize prices in March (+38.2% after +1.4%). Cereal prices also soared year on year (+68.6% after +21.1%).

The impact of the war was also marked on oilseed prices: they rose considerably in March 2022 (+27.4% over one month after +0.3% in February), due to the rises in sunflower prices (+43.0% after +3.9%) and rapeseed prices (+25.2% after –1.0%). Year on year, oilseed prices accelerated strongly (+70.8% after +46.3%).

Producer prices of cereals

Producer prices of cereals
Producer prices of cereals
2022-03 217.2
2022-02 158.7
2022-01 162.0
2021-12 164.5
2021-11 169.2
2021-10 159.1
2021-09 146.0
2021-08 139.2
2021-07 123.6
2021-06 125.6
2021-05 132.2
2021-04 127.1
2021-03 128.8
2021-02 131.0
2021-01 129.3
2020-12 119.3
2020-11 120.3
2020-10 114.8
2020-09 107.6
2020-08 104.3
2020-07 105.5
2020-06 102.3
2020-05 105.2
2020-04 106.3
2020-03 103.0
2020-02 105.3
2020-01 106.5
2019-12 102.5
2019-11 101.0
2019-10 99.9
2019-09 95.1
2019-08 96.7
2019-07 99.7
2019-06 101.9
2019-05 100.8
2019-04 103.4
2019-03 103.1
2019-02 107.6
2019-01 114.3
2018-12 115.2
2018-11 114.1
2018-10 114.0
2018-09 114.7
2018-08 120.6
2018-07 109.1
2018-06 100.9
2018-05 97.3
2018-04 93.9
2018-03 93.5
2018-02 91.7
2018-01 90.5
2017-12 91.3
2017-11 92.4
2017-10 92.5
2017-09 92.5
2017-08 92.7
2017-07 96.7
2017-06 95.7
2017-05 93.1
2017-04 94.1
2017-03 96.8
2017-02 99.3
2017-01 98.6
2016-12 96.1
2016-11 96.8
2016-10 94.7
2016-09 92.7
2016-08 95.5
2016-07 94.8
2016-06 91.1
2016-05 86.8
2016-04 84.7
2016-03 83.6
2016-02 85.3
2016-01 89.6
2015-12 97.0
2015-11 100.1
2015-10 98.2
2015-09 92.7
2015-08 97.8
2015-07 109.0
2015-06 98.5
2015-05 92.9
2015-04 100.6
2015-03 102.5
2015-02 102.6
2015-01 108.1
2014-12 108.0
2014-11 102.1
2014-10 95.1
2014-09 90.3
2014-08 98.9
2014-07 102.7
2014-06 104.1
2014-05 107.6
2014-04 114.9
2014-03 114.6
2014-02 108.1
2014-01 108.3

Producer prices of cereals

  • Source: INSEE

Further drop of fresh fruit prices and fresh vegetable prices year on year

Year on year, fresh fruit prices went down again in March 2022 (–2.0% after –3.2% in February). Apple prices went down (–5.9% after –7.1%), while strawberry prices (+8.2%) and kiwis prices (+7.2% after +9.9%) rose. Fresh vegetable prices also continued to fall year on year (–7.8% in March after –11.9%), with very contrasting trends depending on the product. Endive prices (–8.8% after –14.2%) and onion prices (–16.7% after –14.3%) were down. The fall of cauliflower prices (–50.4% after –13.9%) and leek prices (–60.3% after –50.1%) was much more marked. Conversely, salad prices (+14.5% after +9.4%) and especially tomato prices (+31.5% after +6.8%) rose strongly.

Producer prices of fresh vegetables

Producer prices of fresh vegetables
Monthly agricultural producer price indices (IPPAP) - Fresh vegetables
2022-03 136.6
2022-02 121.0
2022-01 118.5
2021-12 120.2
2021-11 120.8
2021-10 117.1
2021-09 114.6
2021-08 127.9
2021-07 119.3
2021-06 114.9
2021-05 115.0
2021-04 143.1
2021-03 148.2
2021-02 137.4
2021-01 135.7
2020-12 113.6
2020-11 133.4
2020-10 128.4
2020-09 117.7
2020-08 118.8
2020-07 106.4
2020-06 117.8
2020-05 118.9
2020-04 176.3
2020-03 147.6
2020-02 118.2
2020-01 136.7
2019-12 131.2
2019-11 132.2
2019-10 103.9
2019-09 113.8
2019-08 108.1
2019-07 117.6
2019-06 124.2
2019-05 99.8
2019-04 117.7
2019-03 121.9
2019-02 132.7
2019-01 147.5
2018-12 138.0
2018-11 132.5
2018-10 112.8
2018-09 119.9
2018-08 103.6
2018-07 97.4
2018-06 102.4
2018-05 103.5
2018-04 109.5
2018-03 117.6
2018-02 102.8
2018-01 101.6
2017-12 97.6
2017-11 98.4
2017-10 97.9
2017-09 100.9
2017-08 94.1
2017-07 85.8
2017-06 102.8
2017-05 97.9
2017-04 111.2
2017-03 107.4
2017-02 133.5
2017-01 132.4
2016-12 113.3
2016-11 119.0
2016-10 110.1
2016-09 97.2
2016-08 101.6
2016-07 116.7
2016-06 102.3
2016-05 101.0
2016-04 114.9
2016-03 128.4
2016-02 94.2
2016-01 96.3

Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture)

Slight acceleration of animal prices over one month

In March 2022, animal prices accelerated slightly over one month (+4.4% after +4.0%), driven by pig prices (+6.8% after +0.9%) and large cattle prices (+5.9% after +5.5%), while poultry prices slowed down (+1.7% after +5.6%).

Year on year, animal prices went up sharply in March 2022 (+17.5% after +13.9%). This sharp rise was due in particular to large cattle prices (+28.2% after +22.7%). The rises of poultry prices (+11.1% after +10.5%) and pig prices (+8.1% after +2.5%) were more moderate.

Producer prices of pigs and large cattle

Producer prices of pigs and large cattle
Large cattle Pigs
2022-03 127.3 113.6
2022-02 120.2 106.4
2022-01 113.9 105.5
2021-12 111.6 103.2
2021-11 110.5 99.4
2021-10 107.7 99.9
2021-09 105.6 102.5
2021-08 103.9 105.9
2021-07 102.2 109.4
2021-06 101.5 118.3
2021-05 100.6 119.4
2021-04 100.2 109.0
2021-03 99.3 105.1
2021-02 98.0 103.8
2021-01 97.6 103.3
2020-12 97.4 102.4
2020-11 97.7 107.1
2020-10 97.8 110.4
2020-09 97.4 106.2
2020-08 97.6 103.8
2020-07 97.8 103.6
2020-06 97.6 103.7
2020-05 95.8 108.8
2020-04 94.3 116.7
2020-03 95.8 123.9
2020-02 96.3 124.6
2020-01 96.5 129.2
2019-12 96.9 136.4
2019-11 96.7 133.2
2019-10 96.4 131.8
2019-09 97.2 125.8
2019-08 97.0 120.2
2019-07 97.2 118.9
2019-06 98.5 117.3
2019-05 98.8 115.4
2019-04 98.9 109.4
2019-03 98.7 101.6
2019-02 99.1 101.0
2019-01 98.5 101.7
2018-12 96.5 100.9
2018-11 96.3 99.3
2018-10 98.5 96.9
2018-09 99.7 95.5
2018-08 99.8 92.9
2018-07 100.1 92.5
2018-06 98.9 93.5
2018-05 98.8 95.3
2018-04 97.8 96.7
2018-03 97.9 100.4
2018-02 96.5 100.0
2018-01 96.8 98.7
2017-12 99.9 103.0
2017-11 100.4 102.3
2017-10 100.7 99.9
2017-09 99.6 99.4
2017-08 97.9 105.1
2017-07 97.6 108.7
2017-06 98.9 111.7
2017-05 98.7 117.5
2017-04 98.5 119.3
2017-03 97.3 116.5
2017-02 97.2 117.2
2017-01 96.7 115.9
2016-12 96.6 113.9
2016-11 94.8 111.1
2016-10 93.0 111.9
2016-09 91.9 110.5
2016-08 92.6 106.3
2016-07 93.3 106.2
2016-06 93.8 102.5
2016-05 94.1 96.6
2016-04 95.3 90.2
2016-03 96.6 92.9
2016-02 96.8 96.1
2016-01 97.6 97.0
2015-12 98.4 94.7
2015-11 100.1 99.2
2015-10 101.7 102.8
2015-09 102.3 101.9
2015-08 102.3 103.2
2015-07 102.1 100.0
2015-06 100.3 99.7
2015-05 99.1 100.4
2015-04 98.6 99.8
2015-03 98.5 101.3
2015-02 98.1 98.3
2015-01 98.3 98.0
2014-12 98.1 98.7
2014-11 96.9 99.8
2014-10 98.4 96.6
2014-09 99.9 97.9
2014-08 100.2 106.0
2014-07 100.5 111.0
2014-06 101.4 113.6
2014-05 103.1 118.8
2014-04 103.8 119.1
2014-03 103.8 107.2
2014-02 104.4 109.2
2014-01 104.6 116.8

Producer prices of pigs and large cattle

  • Source: INSEE.

Accelerations of egg prices and milk prices year on year

In March 2022, egg prices sped up sharply over one month (+13.0% after +6.6%) and year on year (+63.3% after +55.0%) due to limited supply and strong demand. The price of cow milk accelerated over one month (+3.1% after +1.9%) and year on year (+16.4% after +13.9%).

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 March 2022 a month 3 months a year
Agricultural goods output 1000 143.4 /// /// 26.8
excluding fruits and vegetables 906 145.2 11.4 13.0 29.9
Crop output (excluding fruits and vegetables) 489 162.9 16.7 15.3 38.5
Cereals 152 217.1 36.9 32.5 68.6
of which soft wheat 90 219.7 39.8 32.7 68.5
grain maize 27 224.8 38.2 42.1 61.1
Potatoes 29 202.8 /// /// 9.4
Wines 200 120.2 0.9 2.6 20.1
PDO wines 112 131.5 2.1 3.6 32.4
other wines 25 111.5 -2.4 3.7 18.6
Oleaginous 40 239.1 27.4 33.4 70.8
Horticultural products 35 107.9 -1.3 -8.9 3.8
Other crop products 33 107.6 1.7 1.4 4.2
Fruit and vegetables (1) 94 122.0 /// /// -4.6
Fresh vegetables 45 136.6 /// /// -7.8
Fresh fruit 32 134.0 /// /// -2.0
Animal output 417 124.4 4.3 9.7 18.5
Animals 255 119.6 4.4 8.7 17.5
of which large cattle 112 127.3 5.9 14.1 28.2
calves 20 107.1 2.4 1.7 11.4
pigs 49 113.6 6.8 10.1 8.1
sheep 14 121.2 -2.0 -1.8 6.2
poultry 57 113.5 1.7 2.9 11.1
of which chicken 39 112.5 1.2 2.6 10.5
Milk 146 128.0 3.0 8.4 15.4
of which cow milk 135 129.7 3.1 9.0 16.4
Eggs 16 166.9 13.0 33.6 63.3
  • /// Not relevant due to the seasonal nature of the products
  • (1) Including vegetables for industry.
  • Sources : Insee, SSP (ministry in charge of agriculture)

Sharp rise of input purchase prices over one month and year on year

In March 2022, the input purchase prices rose sharply over one month (+6.2% after +1.3% in February) and year on year (+23.3% after +17.3%).

The purchase prices of intermediate consumption sped up over one month (+7.9% in March 2022 after +1.9%) due to the accelerations of energy prices (+27.2% after +6.6%), fertilizers and soil improver prices (+13.5% after +1.8 %), animal food prices (+3.8 % after +1.7 %), plant protection product prices (+2.1 % after +0.1 %), seed prices (+0.5 % after 0.0 %) and maintenance of materials prices (+0.5 % after +0.4 %). Other goods and services prices were stable (0.0% after +0.2%). Year on year, the purchase prices of intermediate consumption rose strongly in March 2022 (+28.5% after +20.7%).

Prices of investment goods and services rebounded over one month (+0.3% after –0.4%) and decelerated year on year (+7.1% after +7.7%) in March 2022.

Purchase prices of the means of agricultural production

Purchase prices of the means of agricultural production
Purchase prices of the means of agricultural production
2022-03 132.5
2022-02 124.8
2022-01 123.2
2021-12 120.6
2021-11 119.6
2021-10 117.5
2021-09 113.3
2021-08 111.6
2021-07 111.0
2021-06 109.6
2021-05 108.5
2021-04 107.9
2021-03 107.5
2021-02 106.4
2021-01 104.5
2020-12 103.1
2020-11 102.6
2020-10 102.1
2020-09 101.5
2020-08 101.8
2020-07 101.8
2020-06 101.8
2020-05 101.7
2020-04 101.7
2020-03 102.3
2020-02 103.4
2020-01 103.6
2019-12 103.5
2019-11 103.3
2019-10 103.6
2019-09 103.7
2019-08 103.3
2019-07 103.7
2019-06 103.8
2019-05 104.4
2019-04 104.6
2019-03 104.4
2019-02 104.1
2019-01 103.6
2018-12 103.8
2018-11 104.5
2018-10 104.6
2018-09 103.6
2018-08 102.7
2018-07 102.2
2018-06 101.9
2018-05 102.0
2018-04 101.1
2018-03 100.4
2018-02 100.1
2018-01 100.1
2017-12 99.3
2017-11 99.2
2017-10 98.9
2017-09 98.4
2017-08 98.0
2017-07 97.9
2017-06 98.1
2017-05 98.7
2017-04 99.1
2017-03 98.9
2017-02 99.0
2017-01 98.6
2016-12 98.3
2016-11 97.2
2016-10 97.4
2016-09 97.0
2016-08 96.9
2016-07 97.3
2016-06 97.8
2016-05 97.9
2016-04 97.4
2016-03 97.6
2016-02 97.5
2016-01 97.8
2015-12 98.3
2015-11 99.3
2015-10 99.5
2015-09 99.6
2015-08 99.7
2015-07 100.2
2015-06 100.6
2015-05 101.3
2015-04 101.1
2015-03 100.7
2015-02 100.5
2015-01 99.1
2014-12 99.5
2014-11 100.4
2014-10 101.0
2014-09 101.6
2014-08 102.1
2014-07 102.5
2014-06 103.1
2014-05 103.3
2014-04 103.3
2014-03 103.1
2014-02 103.0
2014-01 102.9

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 March 2022 a month 3 months a year
Total input 1000 132.5 6.2 9.9 23.3
Intermediate consumptions 760 136.0 7.9 12.6 28.5
Energy (1) 93 191.7 27.2 45.2 68.0
Seeds 56 100.2 0.5 0.5 3.8
Fertilisers and soil improvers 107 195.3 13.5 19.0 100.1
Plant protection products 84 93.2 2.1 2.5 1.1
Animal feed 214 129.0 3.8 8.1 17.7
Veterinary expenses 37 116.1 0.3 1.4 1.9
Small equipment and tools 11 126.7 0.9 4.6 26.3
Maintenance of materials 88 118.2 0.5 2.1 3.8
Maintenance of buildings 9 115.0 0.0 0.6 3.0
Other goods and services 61 106.2 0.0 0.8 1.4
Goods and services contributing to investment 240 121.2 0.3 0.8 7.1
Material 168 117.7 0.6 0.9 5.8
Tractors 71 121.2 0.5 0.3 4.7
Machinery and equipment for cultivation 33 115.8 0.9 0.5 6.2
Machinery and equipment for harvesting 38 113.7 0.2 0.7 4.7
Utility vehicles 16 110.3 1.6 2.3 5.3
Buildings 72 129.5 0.0 0.7 10.1
  • (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2022.
  • Sources : Insee, SSP (ministry in charge of agriculture)

Revisions

The year-on-year percentage change of the index of producer prices for agricultural products in February 2022 has been revised upwards by 0.1 percentage points at +14.5%, compared to the previous release. The year-on-year percentage change of the index of the purchase prices of inputs for agricultural production in February 2022 has been revised upwards by 0.2 percentage points at +17.3%.

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 seasonally 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: 31 May 2022 at 12:00.

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Agricultural means of production purchasing price index

Agricultural producer price index

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