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Informations Rapides · 31 March 2023 · n° 90
Informations rapidesIn February 2023, agricultural producer prices rose sharply year on year (+11.4%)  Indices of agricultural prices - February 2023

In February 2023, in annual terms, agricultural producer prices continued to rise sharply (+11.4% after +10.7% in January 2023). Prices have risen markedly over the past three years, standing in February 33.5% above their February 2020 level. Over one month, excluding fresh fruits and vegetables, agricultural producer prices slowed down (+0.6% after +1.0%).

The input purchase prices fell over one month (‑1.1% after +0.2%) and slowed down year on year (+10.7% after +13.6%). They were 33.8% higher than in February 2020.

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In February 2023, in annual terms, agricultural producer prices continued to rise sharply (+11.4% after +10.7% in January 2023). Prices have risen markedly over the past three years, standing in February 33.5% above their February 2020 level. Over one month, excluding fresh fruits and vegetables, agricultural producer prices slowed down (+0.6% after +1.0%).

The input purchase prices fell over one month (‑1.1% after +0.2%) and slowed down year on year (+10.7% after +13.6%). They were 33.8% higher than in February 2020.

Producer prices of agricultural products (IPPAP) and purchase prices of inputs for agricultural production (IPPIAP)

Producer prices of agricultural products (IPPAP) and purchase prices of inputs for agricultural production (IPPIAP)
IPPAP IPPIAP
2023-02 144.6 138.3
2023-01 142.9 139.8
2022-12 141.3 139.5
2022-11 144.8 141.2
2022-10 146.2 142.0
2022-09 145.1 139.5
2022-08 144.8 138.8
2022-07 144.6 138.2
2022-06 146.0 138.6
2022-05 150.2 136.1
2022-04 148.4 134.6
2022-03 143.9 133.2
2022-02 129.8 124.9
2022-01 129.1 123.1
2021-12 127.9 120.5
2021-11 127.4 119.5
2021-10 125.4 117.5
2021-09 121.6 113.2
2021-08 118.8 111.6
2021-07 116.4 110.9
2021-06 116.4 109.6
2021-05 116.5 108.5
2021-04 113.3 107.9
2021-03 112.9 107.6
2021-02 112.7 106.4
2021-01 110.9 104.5
2020-12 108.5 103.1
2020-11 109.8 102.6
2020-10 109.5 102.1
2020-09 106.9 101.5
2020-08 107.7 101.8
2020-07 107.5 101.8
2020-06 108.0 101.8
2020-05 108.6 101.7
2020-04 110.0 101.7
2020-03 109.3 102.3
2020-02 108.3 103.4
2020-01 109.7 103.6
2019-12 109.2 103.5
2019-11 108.7 103.3
2019-10 107.6 103.6
2019-09 107.1 103.7
2019-08 106.9 103.3
2019-07 109.1 103.7
2019-06 109.0 103.8
2019-05 108.0 104.4
2019-04 107.8 104.6
2019-03 107.0 104.4
2019-02 108.0 104.1
2019-01 109.4 103.6
2018-12 109.5 103.8
2018-11 109.3 104.5
2018-10 108.4 104.6
2018-09 109.0 103.6
2018-08 107.6 102.7
2018-07 105.6 102.2
2018-06 104.5 101.9
2018-05 104.0 102.0
2018-04 103.5 101.1
2018-03 104.3 100.4
2018-02 103.7 100.1
2018-01 103.4 100.1
2017-12 104.4 99.3
2017-11 104.3 99.2
2017-10 103.8 98.9
2017-09 102.5 98.4
2017-08 103.3 98.0
2017-07 103.0 97.9
2017-06 103.6 98.1
2017-05 104.3 98.7
2017-04 103.9 99.1
2017-03 103.7 98.9
2017-02 104.9 99.0
2017-01 104.6 98.6
2016-12 103.8 98.3
2016-11 103.0 97.2
2016-10 102.3 97.4
2016-09 100.6 97.0
2016-08 101.0 96.9
2016-07 102.1 97.3
2016-06 100.6 97.8
2016-05 98.7 97.9
2016-04 97.6 97.4
2016-03 98.0 97.6
2016-02 97.0 97.5
2016-01 97.2 97.8
2015-12 99.0 98.3
2015-11 100.6 99.3
2015-10 101.8 99.5
2015-09 101.6 99.6
2015-08 100.5 99.7
2015-07 101.2 100.2
2015-06 100.2 100.6
2015-05 98.9 101.3
2015-04 99.3 101.1
2015-03 99.1 100.7
2015-02 98.9 100.5
2015-01 99.5 99.1
2014-12 101.2 99.5
2014-11 100.5 100.4
2014-10 98.9 101.0
2014-09 99.5 101.6
2014-08 101.9 102.1
2014-07 102.6 102.5
2014-06 103.9 103.1
2014-05 105.4 103.3
2014-04 106.7 103.3
2014-03 106.7 103.1
2014-02 105.8 103.0
2014-01 106.2 102.9

Producer prices of agricultural products (IPPAP) and purchase prices of inputs for agricultural production (IPPIAP)

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

Cereal prices fell over a month and accelerated year on year

In February 2023, cereal prices fell over one month, but notably less than in January (‑1.0% after ‑4.3% in January). Soft wheat prices continued to drop (‑2.1% after ‑5.1%), due in particular to competition from Russia and Ukraine. Maize prices rebounded (+3.0% after ‑2.7%), mainly due to a downward revision of French and world stock estimates, to the depreciation of the euro against the dollar and to fears generated by the drought and frost in Argentina, and despite concerns about demand caused by avian flu. Year on year, cereal prices accelerated (+6.9% after +5.7%). Compared to February 2020, they have risen sharply (+61.0%).

The fall of oilseed prices continued in February 2023, but at a slower pace than in January (‑1.1% over one month after ‑2.8%). They were driven down by rapeseed prices (‑1.5% after ‑2.6%), due in particular to an upward revision of crop rotation forecasts in France, and by sunflower prices (‑0.5% after ‑2.6%), while soybean prices recovered (+1.3% after ‑6.5%). Year on year, oil seed prices dropped by 21.9% (after ‑20.7%). They were nevertheless 44.1% higher than in February 2020.

Producer prices of cereals and oil seed

Producer prices of cereals and oil seed
Oil seed Cereals
2023-02 146.6 169.5
2023-01 148.3 171.2
2022-12 152.6 178.9
2022-11 165.4 190.0
2022-10 169.1 200.6
2022-09 160.0 200.5
2022-08 169.1 195.2
2022-07 174.7 197.5
2022-06 197.3 216.9
2022-05 221.8 230.9
2022-04 259.1 223.3
2022-03 239.1 217.2
2022-02 187.7 158.6
2022-01 187.1 161.9
2021-12 179.3 163.9
2021-11 180.0 168.7
2021-10 174.2 158.9
2021-09 157.1 146.1
2021-08 147.4 139.5
2021-07 140.5 123.7
2021-06 137.7 125.8
2021-05 141.3 132.5
2021-04 131.9 127.3
2021-03 140.0 128.8
2021-02 128.3 131.0
2021-01 122.1 129.2
2020-12 114.7 119.0
2020-11 113.8 120.0
2020-10 105.5 114.7
2020-09 102.7 107.7
2020-08 99.2 104.3
2020-07 97.8 105.5
2020-06 95.1 102.5
2020-05 96.3 105.4
2020-04 95.3 106.5
2020-03 95.5 103.1
2020-02 101.7 105.3
2020-01 105.8 106.5
2019-12 104.4 102.4
2019-11 101.5 100.8
2019-10 100.0 99.8
2019-09 99.7 95.0
2019-08 97.1 96.5
2019-07 95.1 99.4
2019-06 94.1 101.8
2019-05 93.4 101.1
2019-04 93.6 103.7
2019-03 92.6 103.5
2019-02 94.0 107.8
2019-01 95.1 114.4
2018-12 95.0 115.1
2018-11 95.1 113.9
2018-10 94.9 113.8
2018-09 93.4 114.4
2018-08 95.7 120.0
2018-07 91.9 108.6
2018-06 89.6 100.9
2018-05 90.7 97.7
2018-04 88.9 94.4
2018-03 89.5 94.1
2018-02 88.9 91.9
2018-01 89.3 90.6
2017-12 92.8 91.0
2017-11 96.0 92.1
2017-10 93.6 92.3
2017-09 94.0 92.3
2017-08 94.9 NaN
2017-07 95.3 NaN
2017-06 94.1 NaN
2017-05 96.6 NaN
2017-04 103.5 NaN
2017-03 106.9 NaN
2017-02 110.1 NaN
2017-01 109.4 NaN
2016-12 108.5 NaN
2016-11 104.0 NaN
2016-10 102.3 NaN
2016-09 99.6 NaN
2016-08 97.0 NaN
2016-07 94.9 NaN
2016-06 98.9 NaN
2016-05 96.9 NaN
2016-04 95.9 NaN
2016-03 92.4 NaN
2016-02 93.2 NaN
2016-01 96.1 NaN
2015-12 100.9 NaN
2015-11 102.4 NaN
2015-10 101.0 NaN
2015-09 97.7 NaN
2015-08 99.0 NaN
2015-07 103.2 NaN
2015-06 104.5 NaN
2015-05 101.0 NaN
2015-04 100.9 NaN
2015-03 99.2 NaN
2015-02 95.9 NaN
2015-01 94.2 NaN
2014-12 92.0 NaN
2014-11 89.7 NaN
2014-10 85.6 NaN
2014-09 83.7 NaN
2014-08 85.6 NaN
2014-07 87.3 NaN
2014-06 94.2 NaN
2014-05 99.2 NaN
2014-04 104.9 NaN
2014-03 107.3 NaN
2014-02 101.5 NaN
2014-01 96.1 NaN

Producer prices of cereals and oil seed

  • Source: INSEE

Year on year, fresh fruit and vegetable prices continued to accelerate

Fresh vegetable prices accelerated very sharply year on year (+53.4% in February after +37.0% in January). All prices of the main seasonal products remained on a sharp rise. They soared for leeks (+98.6% after +67.0%), endives (+77.8% after +69.1%), carrots (+69.9% after +67.8%) and salads (+42.3% after +10.1%). In February 2023, fresh vegetable prices were 57.0% higher than in February 2020.

Year on year, fresh fruit prices sped up again (+7.4% in February 2023, after +3.6% in January and +0.6% in December 2022), mainly due to the sharp acceleration of apple prices (+12.8% after +8.5%). The drop of kiwi prices (‑7.9% after +0.6%) was less marked than that of walnuts (‑25.3% after ‑19.1%). Compared to February 2020, fresh fruit prices were up by 20.1%.

Producer prices of fresh fruit and vegetables

Producer prices of fresh fruit and vegetables
Fresh vegetables Fresh fruit
2023-02 185.6 139.6
2023-01 162.4 134.8
2022-12 147.9 134.5
2022-11 138.0 129.0
2022-10 157.3 126.4
2022-09 160.5 127.8
2022-08 133.8 143.7
2022-07 124.4 140.2
2022-06 119.1 131.3
2022-05 120.6 113.3
2022-04 145.6 129.7
2022-03 136.6 134.3
2022-02 121.0 130.0
2022-01 118.5 130.1
2021-12 120.2 133.7
2021-11 120.8 130.6
2021-10 117.1 138.6
2021-09 114.6 149.9
2021-08 127.9 156.2
2021-07 119.3 151.1
2021-06 114.9 146.6
2021-05 115.0 143.0
2021-04 143.1 137.5
2021-03 148.2 136.7
2021-02 137.4 133.2
2021-01 135.7 130.0
2020-12 113.6 126.4
2020-11 133.4 122.9
2020-10 128.4 122.8
2020-09 117.7 119.5
2020-08 118.8 122.4
2020-07 106.4 122.3
2020-06 117.8 128.2
2020-05 118.9 125.8
2020-04 176.3 122.0
2020-03 147.6 115.6
2020-02 118.2 116.2
2020-01 136.7 115.4
2019-12 131.2 112.2
2019-11 132.2 109.4
2019-10 103.9 108.8
2019-09 113.8 109.0
2019-08 108.1 112.3
2019-07 117.6 109.5
2019-06 124.2 105.3
2019-05 99.8 109.4
2019-04 117.7 109.3
2019-03 121.9 113.5
2019-02 132.7 114.1
2019-01 147.5 114.7
2018-12 138.0 111.8
2018-11 132.5 112.8
2018-10 112.8 112.4
2018-09 119.9 118.0
2018-08 103.6 121.0
2018-07 97.4 116.6
2018-06 102.4 114.1
2018-05 103.5 117.2
2018-04 109.5 124.4
2018-03 117.6 125.0
2018-02 102.8 123.5
2018-01 101.6 119.9
2017-12 97.6 115.6
2017-11 98.4 112.1
2017-10 97.9 111.2
2017-09 100.9 107.7
2017-08 94.1 NaN
2017-07 85.8 NaN
2017-06 102.8 NaN
2017-05 97.9 NaN
2017-04 111.2 NaN
2017-03 107.4 NaN
2017-02 133.5 NaN
2017-01 132.4 NaN
2016-12 113.3 NaN
2016-11 119.0 NaN
2016-10 110.1 NaN
2016-09 97.2 NaN
2016-08 101.6 NaN
2016-07 116.7 NaN
2016-06 102.3 NaN
2016-05 101.0 NaN
2016-04 114.9 NaN
2016-03 128.4 NaN
2016-02 94.2 NaN
2016-01 96.3 NaN

Producer prices of fresh fruit and vegetables

  • Source: SSP (ministry in charge of agriculture)

Animal prices rose over one month and remained up sharply year on year

In February 2023, animal prices continued to go up over one month (+1.7% after +1.6%), due in particular to the sharp acceleration of pig prices (+9.1% after +5.3%) owing to a significant drop in supply, while poultry prices slowed down (+0.2% after +2.1%) and large cattle prices fell back (‑0.8% after +0.3%).

Year on year, animal prices still rose sharply in February 2023 (+25.5% after +27.9% in January) due to the sharp rise of pig (+58.7% after +46.3%), poultry (+23.7% after +30.5%) and large cattle (+18.2% after +25.0%) prices. In February 2023, animal prices were 40.1% higher than in February 2020.

Producer prices of pigs and large cattle

Producer prices of pigs and large cattle
Large cattle Pigs
2023-02 142.5 170.6
2023-01 143.7 156.3
2022-12 143.3 148.4
2022-11 143.9 148.0
2022-10 143.2 155.8
2022-09 140.4 149.4
2022-08 138.5 144.9
2022-07 138.0 138.8
2022-06 137.4 129.4
2022-05 135.9 130.8
2022-04 131.7 128.6
2022-03 127.0 114.4
2022-02 120.6 107.5
2022-01 115.0 106.8
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 rose sharply year on year

In February 2023, egg prices slowed down over one month (+5.4% after +13.0%). They remained up very sharply year on year (+77.4% after +77.7% in January), due to persistent high demand and reduced supply, mainly as a result of avian flu. They have more than doubled since February 2020 (+122.2%). The price of cow milk decelerated sharply over one month (+0.9% after +6.5%). Its rise remained very significant both year on year (+21.7% after +23.4%) and over three years (+38.1%).

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 (2) Feb. 2023 a month 3 months a year
Agricultural goods output 1000 144.6 /// /// 11.4
excluding fruits and vegetables 906 144.4 0.6 -1.5 10.5
Crop output (excluding fruits and vegetables) 489 138.6 -0.3 -6.1 -1.0
Cereals 152 169.5 -1.0 -10.8 6.9
of which soft wheat* 90 167.9 -2.1 -12.1 6.8
grain maize* 27 189.3 3.0 -7.7 16.3
Potatoes* 29 224.0 /// /// 15.6
Wines 200 109.6 0.9 -1.8 -7.3
PDO wines* 112 116.0 1.4 -2.7 -9.9
other wines 25 101.9 0.8 -1.5 -10.2
Oleaginous* 40 146.6 -1.1 -11.4 -21.9
Horticultural products 35 115.4 -0.8 0.9 5.0
Other crop products* 33 114.1 -0.4 -2.3 0.5
Fruit and vegetables* (1) 94 146.8 /// /// 24.3
Fresh vegetables* 45 185.6 /// /// 53.4
Fresh fruit* 32 139.6 /// /// 7.4
Animal output 417 151.1 1.6 4.0 26.1
Animals 255 144.4 1.7 2.8 25.5
of which large cattle 112 142.5 -0.8 -1.0 18.2
calves 20 119.5 0.2 1.5 13.2
pigs 49 170.6 9.1 15.3 58.7
sheep 14 129.3 0.2 1.3 4.5
poultry 57 138.2 0.2 -0.1 23.7
of which chicken* 39 135.4 0.1 0.1 21.8
Milk 146 151.1 0.9 4.1 20.7
of which cow milk 135 154.0 0.9 4.4 21.7
Eggs 16 257.7 5.4 14.8 77.4
  • /// Not relevant due to the seasonal nature of the products
  • (1) Including vegetables for industry.
  • (2) Average weight year on year.
  • *: Not seasonnaly adjusted data (all series where seasonality has been detected are seasonally adjusted)
  • Sources : INSEE, SSP (ministry in charge of agriculture)

Input purchase prices fell back over one month and slowed down year on year

In February 2023, the purchase prices of intermediate consumption fell back over one month (‑1.5%, after +0.1% in January 2023). Prices of fertilizers and soil improvers (‑6.0% after ‑5.2%), energy (‑3.4% after +5.5%) and animal food (‑0.3% after +0.3%) went down, while those of other goods and services (+0.2% after 0.0%), seeds (+0.4%, as in January), plant protection products (+0.8% after +0.7%) and maintenance of materials (+1.0%, after +2.1%) went up. Year on year, the purchase prices of intermediate consumptions continued to decelerate in February 2023, but remained nevertheless on a sharp upward trend (+11.5% after +15.4% in January and +18.2% in December in annual terms). They were 38.6% higher than in February 2020.

In February 2023, prices of investment goods and services rose by 0.5% over one month (as in January), by 8.0% year on year (after +7.7%) and by 19.7% over three years.

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 Feb. 2023 a month 3 months a year
Total input 1000 138.3 -1.1 -2.1 10.7
Intermediate consumptions 760 140.5 -1.5 -2.9 11.5
Energy (1) 93 163.9 -3.4 -4.8 8.8
Seeds 56 108.3 0.4 1.2 9.8
Fertilisers and soil improvers 107 185.0 -6.0 -13.8 7.4
Plant protection products 84 102.5 0.8 2.2 12.3
Animal feed 214 149.4 -0.3 -0.1 20.2
Veterinary expenses 37 124.3 1.4 2.4 7.3
Small equipment and tools 11 135.2 -0.3 0.5 11.8
Maintenance of materials 88 128.6 1.0 3.5 9.4
Maintenance of buildings 9 121.6 0.0 0.7 5.1
Other goods and services 61 108.7 0.2 0.3 2.0
Goods and services contributing to investment 240 131.2 0.5 0.6 8.0
Material 168 128.9 0.7 1.4 10.5
Tractors 71 131.9 1.2 1.7 9.3
Machinery and equipment for cultivation 33 125.4 0.2 2.8 9.2
Machinery and equipment for harvesting 38 129.1 0.2 0.7 13.7
Utility vehicles 16 119.5 0.0 0.8 10.0
Buildings 72 136.6 0.0 -1.0 3.1
  • (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2023.
  • 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 January 2023 is left unchanged at +10.7% (after rounding), compared to the previous release. The year-on-year percentage change of the index of the purchase prices of inputs for agricultural production in January 2023 has been revised upwards by 0.2 percentage points at +13.6%.

For further information

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: 28 April 2023 at 12:00 p.m.

Documentation

Agricultural means of production purchasing price index

Agricultural producer price index

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