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Informations Rapides · 30 November 2022 · n° 319
Informations rapidesIn October 2022, agricultural producer prices continued to rise sharply year on year: +16.7% after +19.5% in September  Indices of agricultural prices - October 2022

In October 2022, agricultural producer prices slowed down year on year (+16.7% after +19.5% in September 2022). Prices have risen sharply over the past three years, standing in October 36.0% above their October 2019 level. Over one month, excluding fruits and vegetables, agricultural producer prices rebounded (+1.3% after -0.4%).

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In October 2022, agricultural producer prices slowed down year on year (+16.7% after +19.5% in September 2022). Prices have risen sharply over the past three years, standing in October 36.0% above their October 2019 level. Over one month, excluding fruits and vegetables, agricultural producer prices rebounded (+1.3% after -0.4%).

Cereal prices stabilised over a month and slowed down year on year

In October 2022, cereal prices stabilised over one month (0.0% after +2.7% in September). This stabilisation reflected that of soft wheat prices (+0.1% after +3.0%), whose evolution depends on the progress of negotiations aimed at continuing Ukrainian exports, and on concerns about the upcoming harvests, particularly in Russia and Ukraine. Maize prices fell (-1.0% after +2.9%), in a context where demand was sluggish. Year on year, cereal prices slowed down, but continued to rise sharply (+26.2% after +37.3%). They have doubled since October 2019 (+100.9%).

Oilseed prices recovered sharply in October 2022 (+5.7% over one month after -5.4%), driven by sunflower (+10.5% after -8.4%) and rapeseed (+5.5% after -5.1%) prices, while soybean prices dropped (-8.1% after +1.3%). Year on year, oilseed prices went down (-2.9% after +1.8%). Since October 2019, they rose nevertheless by 69.1%.

Producer prices of cereals

Producer prices of cereals
Producer prices of cereals
2022-10 200.7
2022-09 200.4
2022-08 195.0
2022-07 197.4
2022-06 216.7
2022-05 230.6
2022-04 223.1
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

Year on year, fresh fruit prices dropped again, while fresh vegetable prices rose very sharply

Year on year, fresh fruit prices went down again in October 2022 (-9.5% after -15.0% in September and -5.8% in August). Grape (-31.0% after -21.3%), pear (-27.3% after -32.4%) and walnut (-8.6%) prices dropped sharply, while those of apples (-2.7% after -13.4%) fell more moderately. Compared to October 2019, fresh fruit prices were up by 15.3%.

Fresh vegetable prices decelerated year on year while continuing to rise very sharply (+34.3% in October after +40.1% in September). All prices of the main seasonal products were up. They rose sharply for tomatoes (+64.0% after +32.3%), carrots (+48.3% after +33.6%), endives (+44.7% after +72.0%) and salads (+30.3% after +44.9%), while the rise was more contained for mushrooms (+12.5% after +10.1%) and garlic (+0.1% after +3.7%) prices. In October 2022, fresh vegetable prices were 51.4% above their October 2019 level.

Producer prices of fresh vegetables

Producer prices of fresh vegetables
Monthly agricultural producer price indices (IPPAP) - Fresh vegetables
2022-10 157.3
2022-09 160.5
2022-08 133.8
2022-07 124.4
2022-06 119.1
2022-05 120.6
2022-04 145.6
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)

Animal prices sped up over one month and year on year

In October 2022, animal prices accelerated over one month (+1.8% after +0.8%), particularly those for pigs (+4.3% after +2.4%) and large cattle (+1.9% after +1.1%), while poultry prices were almost stable (-0.1% after +0.2%).

Year on year, animal prices continued to accelerate in October 2022 (+32.1% after +30.7% in September and +30.2% in August), due in particular to the acceleration of pig prices (+57.2% after +46.8%). In contrast, while continuing to rise sharply, large cattle prices continued to rise at almost the same rate (+32.8% after +33.0% in September and +33.7% in August). In addition, poultry prices slowed down (+25.0% after +26.0%). In October 2022, animal prices were 35.7% higher than in October 2019.

Producer prices of pigs and large cattle

Producer prices of pigs and large cattle
Large cattle Pigs
2022-10 143.0 157.0
2022-09 140.4 150.5
2022-08 138.9 147.0
2022-07 138.8 140.4
2022-06 138.6 129.9
2022-05 137.2 131.5
2022-04 132.5 128.4
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.

Egg and milk prices accelerated year on year

In October 2022, egg prices rebounded over one month (+4.0% after -10.4%) and accelerated year on year (+79.6% after +72.1%) due to a sharp demand and reduced supply, notably because of avian flu. The price of cow milk accelerated sharply over one month (+4.0% after +1.4%) and year on year (+24.5% after +20.4%).

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. 2022 a month 3 months a year
Agricultural goods output 1000 146.3 /// /// 16.7
excluding fruits and vegetables 906 147.1 1.3 0.8 17.3
Crop output (excluding fruits and vegetables) 489 148.6 0.2 -1.7 8.0
Cereals 152 200.5 0.0 1.5 26.2
of which soft wheat 90 201.5 0.1 0.2 26.1
grain maize 27 221.7 -1.0 7.7 40.6
Potatoes 29 222.9 /// /// 4.9
Wines 200 105.8 -2.4 -8.2 -6.1
PDO wines 112 109.3 -3.7 -12.0 -10.5
other wines 25 101.3 -1.9 -8.1 -1.5
Oleaginous 40 169.1 5.7 -3.2 -2.9
Horticultural products 35 112.6 4.2 2.9 2.8
Other crop products 33 116.7 0.3 0.3 5.1
Fruit and vegetables (1) 94 139.3 /// /// 11.2
Fresh vegetables 45 157.3 /// /// 34.3
Fresh fruit 32 125.4 /// /// -9.5
Animal output 417 145.4 2.6 4.0 30.9
Animals 255 141.3 1.8 4.0 32.1
of which large cattle 112 143.0 1.9 3.0 32.8
calves 20 117.8 0.9 0.3 12.8
pigs 49 157.0 4.3 11.8 57.2
sheep 14 127.0 -0.1 -3.2 7.2
poultry 57 136.4 -0.1 1.9 25.0
of which chicken 39 134.8 -0.1 1.7 24.6
Milk 146 142.7 3.8 4.4 23.0
of which cow milk 135 145.5 4.0 4.6 24.5
Eggs 16 234.6 4.0 2.7 79.6
  • /// Not relevant due to the seasonal nature of the products
  • (1) Including vegetables for industry.
  • Sources : INSEE, SSP (ministry in charge of agriculture)

Input purchase prices rose sharply over one month and remained up strongly year on year

In October 2022, the input purchase prices accelerated sharply over one month (+2.1% after +0.4%) and slowed down year on year (+21.0% after +23.1%). They were 37.3% higher than in October 2019.

Over one month, the purchase prices of intermediate consumption were up markedly (+2.5% in October 2022 after +0.5% in September), due to the sharp rise of energy prices (+14.1% after -5.4%). Fertilizer and soil improver (+1.2% after +4.4%), plant protection product (+0.6% after +1.0%), animal food (+0.5% after +0.4%), seed (+0.4% after +1.5%) and maintenance of materials (+0.3% after +0.6%) prices rose more moderately. Other goods and services prices were stable (0.0% after -0.2%). Year on year, the purchase prices of intermediate consumption continued to decelerate in October 2022 but nevertheless remained on a sharp upward trend (+24.5% after +27.4% in September and +29.0% in August in annual terms). They were 43.1% higher than in 2019.

In October 2022, prices of investment goods and services rose by 0.8% over one month (after +0.1%), by 10.4% year on year (after +9.9%) and by 20.4% over three years.

Purchase prices of the means of agricultural production

Purchase prices of the means of agricultural production
Purchase prices of the means of agricultural production
2022-10 142.2
2022-09 139.3
2022-08 138.8
2022-07 138.2
2022-06 138.6
2022-05 136.1
2022-04 134.6
2022-03 133.2
2022-02 124.9
2022-01 123.1
2021-12 120.5
2021-11 119.5
2021-10 117.5
2021-09 113.2
2021-08 111.6
2021-07 110.9
2021-06 109.6
2021-05 108.5
2021-04 107.9
2021-03 107.6
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 Oct. 2022 a month 3 months a year
Total input 1000 142.2 2.1 2.9 21.0
Intermediate consumptions 760 145.8 2.5 3.0 24.5
Energy (1) 93 181.6 14.1 3.2 36.9
Seeds 56 104.3 0.4 2.6 6.6
Fertilisers and soil improvers 107 220.3 1.2 7.9 50.0
Plant protection products 84 98.6 0.6 2.8 6.3
Animal feed 214 148.6 0.5 1.2 29.2
Veterinary expenses 37 120.5 0.3 0.8 5.3
Small equipment and tools 11 131.2 0.2 0.5 15.2
Maintenance of materials 88 123.8 0.3 1.6 7.5
Maintenance of buildings 9 119.8 0.0 0.1 5.5
Other goods and services 61 107.7 0.0 -0.2 2.1
Goods and services contributing to investment 240 130.9 0.8 2.8 10.4
Material 168 124.5 1.2 3.1 9.1
Tractors 71 124.7 1.1 1.6 5.1
Machinery and equipment for cultivation 33 121.0 1.3 1.0 9.4
Machinery and equipment for harvesting 38 127.8 1.4 9.0 16.4
Utility vehicles 16 117.1 1.4 3.4 8.8
Buildings 72 145.5 0.0 2.0 12.9
  • (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 September 2022 has been revised upwards by 0.1 percentage points at +19.5%, compared to the previous release. The year-on-year percentage change of the index of the purchase prices of inputs for agricultural production in September 2022 has been revised upwards by 0.1 percentage points at +23.1%.

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. Their variations should therefore 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.

Further informations (including IPPAP and IPPIAP methodologies) are available through the “Documentation" tab on the web page of this publication.

Next issue: 23 December 2022 at 12:00 p.m.

Documentation

Agricultural means of production purchasing price index

Agricultural producer price index

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