Informations Rapides ·
29 March 2024 · n° 88
In February 2024, agricultural producer prices fell by 10.1% year on year Indices of agricultural prices - February 2024
In February 2024, agricultural producer prices went down year on year for the eleventh consecutive month (‑10.1% after ‑7.8% in January). These prices were nonetheless still 25.1% above their February 2020 level. Cereal prices and oilseed prices tended to reach the levels they had before the health crisis and the war in Ukraine, while those for animals and animal products (milk and eggs) and for fresh vegetables and fresh fruits were still markedly above their level of four years ago. Over one month, agricultural producer prices “excluding fruits and vegetables (including potatoes), cut flowers and potted plants” fell by 2.2% (after ‑0.6% in January).
In February 2024, agricultural input purchase prices bounced back over one month (+0.6% after ‑0.5% in January), but went down year on year for the tenth consecutive month (‑6.5% after ‑6.4%). They were 25.7% higher than in February 2020.
- Prices for cereals and for oilseeds went down over a month and year on year
- Year on year, prices of fresh vegetables fell back slightly, those for fresh fruits rose markedly again
- Animal prices were nearly stable over one month, but continued to go down year on year
- Egg prices fell over one month and year on year; milk prices bounced back over one month, but went down year on year
- Input purchase prices rose over one month, but fell year on year
- Revisions
- For further information
In February 2024, agricultural producer prices went down year on year for the eleventh consecutive month (‑10.1% after ‑7.8% in January). These prices were nonetheless still 25.1% above their February 2020 level. Cereal prices and oilseed prices tended to reach the levels they had before the health crisis and the war in Ukraine, while those for animals and animal products (milk and eggs) and for fresh vegetables and fresh fruits were still markedly above their level of four years ago. Over one month, agricultural producer prices “excluding fruits and vegetables (including potatoes), cut flowers and potted plants” fell by 2.2% (after ‑0.6% in January).
In February 2024, agricultural input purchase prices bounced back over one month (+0.6% after ‑0.5% in January), but went down year on year for the tenth consecutive month (‑6.5% after ‑6.4%). They were 25.7% higher than in February 2020.
tableauProducer prices of agricultural products (IPPAP) and purchase prices of inputs for agricultural production (IPPIAP)
IPPIAP | IPPAP | |
---|---|---|
2024-02 | 127.2 | 125.7 |
2024-01 | 126.5 | 128.0 |
2023-12 | 127.1 | 127.5 |
2023-11 | 128.4 | 126.3 |
2023-10 | 129.4 | 125.8 |
2023-09 | 130.0 | 125.5 |
2023-08 | 129.6 | 123.9 |
2023-07 | 128.3 | 126.2 |
2023-06 | 129.4 | 132.4 |
2023-05 | 130.9 | 131.0 |
2023-04 | 132.9 | 134.6 |
2023-03 | 134.9 | 137.8 |
2023-02 | 136.1 | 139.8 |
2023-01 | 135.2 | 138.8 |
2022-12 | 134.5 | 138.2 |
2022-11 | 136.1 | 139.2 |
2022-10 | 136.7 | 139.9 |
2022-09 | 134.3 | 140.6 |
2022-08 | 133.8 | 139.5 |
2022-07 | 133.2 | 134.3 |
2022-06 | 133.5 | 136.6 |
2022-05 | 131.1 | 139.8 |
2022-04 | 129.6 | 138.1 |
2022-03 | 128.3 | 134.8 |
2022-02 | 120.8 | 123.0 |
2022-01 | 119.1 | 121.2 |
2021-12 | 116.7 | 120.4 |
2021-11 | 115.8 | 119.6 |
2021-10 | 113.9 | 116.7 |
2021-09 | 110.2 | 116.3 |
2021-08 | 108.8 | 114.0 |
2021-07 | 108.2 | 109.0 |
2021-06 | 107.0 | 110.2 |
2021-05 | 105.9 | 108.9 |
2021-04 | 105.3 | 105.6 |
2021-03 | 105.1 | 105.0 |
2021-02 | 103.9 | 103.9 |
2021-01 | 102.2 | 102.9 |
2020-12 | 100.8 | 100.9 |
2020-11 | 100.4 | 101.2 |
2020-10 | 99.9 | 100.5 |
2020-09 | 99.3 | 99.4 |
2020-08 | 99.6 | 99.2 |
2020-07 | 99.6 | 98.3 |
2020-06 | 99.6 | 98.9 |
2020-05 | 99.4 | 98.9 |
2020-04 | 99.4 | 99.4 |
2020-03 | 100.0 | 101.0 |
2020-02 | 101.0 | 100.5 |
2020-01 | 101.2 | 102.1 |
graphiqueProducer prices of agricultural products (IPPAP) and purchase prices of inputs for agricultural production (IPPIAP)
![Chargement en cours](/static/img/preloader.gif)
- Sources: INSEE, SSP (ministry in charge of agriculture)
Prices for cereals and for oilseeds went down over a month and year on year
In February 2024, the fall in cereal prices intensified over one month (‑9.3% after ‑4.3% in January). Prices dropped for maize (‑14.1% after ‑7.9%), due to high production prospects in Argentina and Brazil, and to a recent upward revision of American stocks. They also fell for soft wheat (‑9.3% after ‑3.6%) because of tough competition from Eastern Europe and an upward revision of American stocks. Barley prices fell too (‑7.6% after ‑3.2%). Year on year, cereal prices dropped for the twelfth consecutive month (‑33.6% in February after ‑27.8% in January). They continued to move closer to their level of four years ago (+8.8% compared with February 2020).
Oilseed prices continued to go down over one month in February 2024 (‑3.5% after ‑1.8% in January). Prices for soybean went down substantially (‑10.3% after ‑5.0%). Those for rapeseed fell (‑3.5% after ‑1.8%) in the wake of soybean prices and under the influence of Brazilian competition. Year on year, oilseed prices continued to drop (‑25.5% in February after ‑23.4% in January). They were 11.3% higher than in February 2020.
tableauProducer prices of cereals and oil seed
Oil seed (raw data) | Cereals | |
---|---|---|
2024-02 | 108.9 | 101.8 |
2024-01 | 112.9 | 112.3 |
2023-12 | 115.0 | 117.4 |
2023-11 | 117.6 | 117.4 |
2023-10 | 115.9 | 120.4 |
2023-09 | 120.2 | 126.7 |
2023-08 | 121.3 | 130.3 |
2023-07 | 125.6 | 137.5 |
2023-06 | 114.8 | 132.1 |
2023-05 | 111.8 | 122.1 |
2023-04 | 118.1 | 136.9 |
2023-03 | 127.2 | 146.0 |
2023-02 | 146.1 | 153.2 |
2023-01 | 147.4 | 155.6 |
2022-12 | 151.9 | 164.1 |
2022-11 | 164.2 | 172.7 |
2022-10 | 167.7 | 182.6 |
2022-09 | 158.5 | 186.2 |
2022-08 | 168.0 | 182.7 |
2022-07 | 172.0 | 188.4 |
2022-06 | 191.7 | 206.1 |
2022-05 | 217.3 | 213.4 |
2022-04 | 246.8 | 207.2 |
2022-03 | 232.3 | 201.4 |
2022-02 | 179.4 | 143.2 |
2022-01 | 176.8 | 146.7 |
2021-12 | 172.5 | 150.3 |
2021-11 | 172.3 | 152.5 |
2021-10 | 167.9 | 143.5 |
2021-09 | 152.1 | 135.5 |
2021-08 | 143.8 | 130.3 |
2021-07 | 137.0 | 120.4 |
2021-06 | 134.9 | 123.1 |
2021-05 | 138.1 | 123.7 |
2021-04 | 128.6 | 119.1 |
2021-03 | 140.1 | 119.7 |
2021-02 | 129.9 | 117.6 |
2021-01 | 124.3 | 115.9 |
2020-12 | 116.9 | 108.5 |
2020-11 | 114.7 | 107.4 |
2020-10 | 105.2 | 102.2 |
2020-09 | 101.0 | 99.9 |
2020-08 | 95.8 | 97.9 |
2020-07 | 94.2 | 103.2 |
2020-06 | 92.5 | 100.8 |
2020-05 | 93.6 | 97.3 |
2020-04 | 93.2 | 99.0 |
2020-03 | 92.6 | 95.6 |
2020-02 | 97.8 | 93.6 |
2020-01 | 102.5 | 94.6 |
graphiqueProducer prices of cereals and oil seed
![Chargement en cours](/static/img/preloader.gif)
- Source: INSEE
Year on year, prices of fresh vegetables fell back slightly, those for fresh fruits rose markedly again
Fresh vegetable prices fell back year on year: ‑2.5% in February 2024 (after +14.7% in January). Prices fell drastically for cabbages (‑49.6% after +26.7%), salads (‑22.4% after +7.8%), leeks (‑15.3% after +20.7%), tomatoes (‑14.9% after +4.7%) and coloured onions (‑9.2% after +3.9%). Prices slowed down for chicories (+16.3% after +49.7%). In February 2024, fresh vegetable prices were 43.1% above their February 2020 level.
Year on year, fresh fruit prices continued to rise significantly in February 2024 (+5.7% after +7.9% in January). Prices kept on rising substantially for pears (+16.8% after +18.7%). They slowed down for apples (+4.9% after +8.6%) and sped up for nuts (+9.6% after +3.4%). Fresh fruit prices were 19.4% above their February 2020 level.
tableauProducer prices of fresh fruit and vegetables
Fresh fruit | Fresh vegetables | |
---|---|---|
2024-02 | 116.3 | 129.2 |
2024-01 | 118.8 | 144.8 |
2023-12 | 115.3 | 134.8 |
2023-11 | 113.9 | 136.5 |
2023-10 | 117.9 | 125.0 |
2023-09 | 116.3 | 117.5 |
2023-08 | 108.6 | 100.9 |
2023-07 | 100.3 | 105.6 |
2023-06 | 115.7 | 113.0 |
2023-05 | 111.6 | 117.1 |
2023-04 | 110.6 | 134.3 |
2023-03 | 112.1 | 138.3 |
2023-02 | 110.0 | 132.5 |
2023-01 | 110.1 | 126.2 |
2022-12 | 107.3 | 116.6 |
2022-11 | 104.3 | 110.0 |
2022-10 | 102.5 | 123.1 |
2022-09 | 107.2 | 129.1 |
2022-08 | 124.6 | 113.5 |
2022-07 | 111.4 | 104.9 |
2022-06 | 104.3 | 103.8 |
2022-05 | 93.2 | 106.2 |
2022-04 | 100.7 | 103.5 |
2022-03 | 105.2 | 99.7 |
2022-02 | 105.4 | 97.0 |
2022-01 | 107.4 | 92.2 |
2021-12 | 107.3 | 94.1 |
2021-11 | 107.8 | 93.7 |
2021-10 | 115.2 | 95.8 |
2021-09 | 128.0 | 95.5 |
2021-08 | 131.2 | 105.4 |
2021-07 | 115.8 | 103.7 |
2021-06 | 113.1 | 102.5 |
2021-05 | 115.7 | 100.8 |
2021-04 | 109.8 | 105.9 |
2021-03 | 108.5 | 107.7 |
2021-02 | 105.7 | 101.1 |
2021-01 | 105.4 | 101.1 |
2020-12 | 103.5 | 90.1 |
2020-11 | 103.6 | 99.6 |
2020-10 | 102.8 | 104.0 |
2020-09 | 98.7 | 101.5 |
2020-08 | 101.9 | 101.4 |
2020-07 | 95.1 | 91.8 |
2020-06 | 101.3 | 98.0 |
2020-05 | 106.0 | 103.2 |
2020-04 | 97.9 | 116.5 |
2020-03 | 94.3 | 105.3 |
2020-02 | 97.4 | 90.3 |
2020-01 | 96.5 | 98.0 |
graphiqueProducer prices of fresh fruit and vegetables
![Chargement en cours](/static/img/preloader.gif)
- Source: SSP (ministry in charge of agriculture)
Animal prices were nearly stable over one month, but continued to go down year on year
In February 2024, animal prices were nearly stable over one month (‑0.1% after +1.3% in January). Poultry prices fell back (‑4.5% after +3.0%). The prices for large cattle slowed down (+0.6% after +1.2%), as did those for calves (+0.4% after +1.6%) and sheep (+1.0% after +2.3%). On the other hand, pigs prices sped up (+1.5% after +0.1% in January).
Year on year, animal prices went down in February 2024 for the sixth consecutive month (‑5.6% after ‑3.9% in January). The fall in prices intensified for poultry (‑11.6% after ‑7.4%) and pigs (‑11.2% after ‑5.4%). Prices for large cattle went down moderately (‑2.1% after ‑3.3%). Those for sheep kept rising (+7.6% after +6.9%). In February 2024, animal prices were 32.6% higher than in February 2020.
tableauProducer prices of pigs and large cattle
Large cattle | Pigs | |
---|---|---|
2024-02 | 142.5 | 138.3 |
2024-01 | 141.7 | 136.2 |
2023-12 | 140.0 | 136.0 |
2023-11 | 140.8 | 133.8 |
2023-10 | 143.3 | 134.0 |
2023-09 | 144.8 | 136.2 |
2023-08 | 142.4 | 143.1 |
2023-07 | 141.7 | 150.2 |
2023-06 | 142.8 | 145.5 |
2023-05 | 142.7 | 141.2 |
2023-04 | 144.5 | 146.9 |
2023-03 | 145.6 | 154.5 |
2023-02 | 145.6 | 155.8 |
2023-01 | 146.5 | 143.9 |
2022-12 | 146.6 | 138.8 |
2022-11 | 146.2 | 137.1 |
2022-10 | 145.3 | 139.8 |
2022-09 | 143.4 | 136.1 |
2022-08 | 142.2 | 130.6 |
2022-07 | 141.5 | 121.8 |
2022-06 | 140.1 | 115.1 |
2022-05 | 138.9 | 112.6 |
2022-04 | 134.2 | 109.1 |
2022-03 | 130.1 | 101.0 |
2022-02 | 126.1 | 97.2 |
2022-01 | 119.5 | 97.7 |
2021-12 | 117.3 | 98.0 |
2021-11 | 115.1 | 94.7 |
2021-10 | 111.0 | 90.0 |
2021-09 | 109.4 | 92.5 |
2021-08 | 107.7 | 93.2 |
2021-07 | 105.4 | 95.4 |
2021-06 | 103.6 | 104.4 |
2021-05 | 102.8 | 102.2 |
2021-04 | 102.6 | 93.4 |
2021-03 | 102.0 | 92.4 |
2021-02 | 101.9 | 94.4 |
2021-01 | 102.6 | 95.5 |
2020-12 | 102.8 | 96.6 |
2020-11 | 101.6 | 100.7 |
2020-10 | 100.8 | 99.4 |
2020-09 | 100.6 | 96.0 |
2020-08 | 100.7 | 91.3 |
2020-07 | 100.7 | 90.9 |
2020-06 | 99.3 | 92.8 |
2020-05 | 97.8 | 93.6 |
2020-04 | 96.6 | 99.1 |
2020-03 | 98.0 | 107.2 |
2020-02 | 99.8 | 112.4 |
2020-01 | 101.0 | 119.9 |
graphiqueProducer prices of pigs and large cattle
![Chargement en cours](/static/img/preloader.gif)
- Source: INSEE
Egg prices fell over one month and year on year; milk prices bounced back over one month, but went down year on year
For the first time since sixth months egg prices fell back over one month in February 2024 (‑6.3% after +2.9% in January). Year on year, they fell for the eighth consecutive month (‑14.5% after ‑8.1% in January). They remained nonetheless well above their February 2020 level (+93.1%).
Prices of milk rose over a month (+0.5% after ‑0.9% in January). Prices for cow milk bounced back partially (+0.5% after ‑1.2%), those for goat milk slowed down (+0.8% after +1.9%). Year on year, milk prices continued to go down (‑5.0% after ‑5.7%). Over four years, they rose substantially (+28.0% compared to their February 2020 level).
tableauIndex of producer prices of agricultural products (IPPAP)
Variation as % over | |||||
---|---|---|---|---|---|
Weights (2) | February 2024 | a month | 3 months | a year | |
Agricultural goods output | 1000 | 125.7 | /// | /// | -10.1 |
excluding fruits and vegetables | 871 | 122.1 | -2.2 | -2.3 | -12.3 |
Crop output (excluding fruits and vegetables) | 442 | 107.2 | -4.5 | -6.0 | -19.4 |
Cereals | 143 | 101.8 | -9.3 | -13.3 | -33.6 |
of which soft wheat | 82 | 97.4 | -9.3 | -12.6 | -32.7 |
grain maize | 30 | 92.8 | -14.1 | -19.9 | -44.0 |
Potatoes | 34 | 108.9 | -3.5 | -7.4 | -25.5 |
Wines | 21 | 252.6 | /// | /// | 14.0 |
PDO wines | 195 | 101.2 | -2.0 | -1.7 | -9.7 |
other wines | 110 | 95.2 | -3.1 | -1.2 | -15.5 |
Oleaginous * | 28 | 96.7 | -3.3 | -7.3 | -7.5 |
Horticultural products * | 15 | 137,0 | 0.9 | 13.2 | -6.2 |
Other crop products | 34 | 160,0 | -0.6 | 0.3 | 1.5 |
Fruit and vegetables (1) | 129 | 124.3 | /// | /// | 2.4 |
Fresh vegetables | 62 | 129.2 | /// | /// | -2.5 |
Fresh fruit | 46 | 116.3 | /// | /// | 5.7 |
Animal output | 428 | 136.4 | -0.3 | 0.6 | -6.1 |
Animals | 231 | 136.7 | -0.1 | 1.4 | -5.6 |
of which large cattle | 103 | 142.5 | 0.6 | 1.2 | -2.1 |
calves | 17 | 130.1 | 0.4 | 2.6 | -2.2 |
pigs | 52 | 138.3 | 1.5 | 3.4 | -11.2 |
sheep | 14 | 130.7 | 1.0 | 4.4 | 7.6 |
poultry | 44 | 125.9 | -4.5 | -2.2 | -11.6 |
of which chicken | 29 | 123.2 | -4.7 | -2.8 | -12.8 |
Milk | 175 | 128.8 | 0.5 | -0.5 | -5.0 |
of which cow milk | 159 | 129.5 | 0.5 | -0.8 | -5.9 |
Eggs | 22 | 192.9 | -6.3 | 0.1 | -14.5 |
- /// Not relevant due to the seasonal nature of the products
- (1) Including vegetables for industry.
- (2) Average weight year on year.
Input purchase prices rose over one month, but fell year on year
In February 2024, the purchase prices of intermediate consumption bounced back over one month (+0.8% after ‑0.3% in January). Prices for energy were back on the rise (+6.1% after ‑0.8%), due to the rise in oil prices and to the depreciation of the exchange rate. They bounced back slightly for fertilizers and soil improvers (+0.5% after ‑1.1%) and for plant protection products (+0.4% after ‑0.6%). Prices went up for veterinary expenses (+1.1% after +0.9%), for seeds (+0.3% after a stability in January) and for the “other goods and services” (+0.2% after +0.1%). They slowed down for the maintenance of materials (+0.2% after +2.2%). Prices were stable for the maintenance of buildings (as in January). The fall in animal food intensified (‑1.2% after ‑0.8%), while it softened for small equipment and tools (‑0.2% after ‑2.2%). Year on year, the purchase prices of intermediate consumption continued to go down (‑8.2% in February 2024 after ‑8.6% in January). They were nevertheless 28.4% higher than in February 2020.
In February 2024, the prices of investment goods were nearly stable over one month (‑0.1% after ‑1.2% in January). They fell by 0.7% year on year (after ‑0.1% in January). They were nevertheless 19.0% above their level of four years ago (February 2020).
tableauIndices of purchase prices of inputs of agricultural production (IPPIAP)
Variation as % over | |||||
---|---|---|---|---|---|
Weights | February 2024 | a month | 3 months | a year | |
Total input | 1000 | 127.2 | 0.6 | -0.9 | -6.5 |
Intermediate consumptions | 743 | 129.9 | 0.8 | -0.9 | -8.2 |
Energy (1) | 91 | 171.5 | 6.1 | 0.5 | 1.8 |
Seeds | 54 | 111.3 | 0.3 | 0.2 | -0.3 |
Fertilisers and soil improvers | 92 | 150.3 | 0.5 | -3.6 | -29.9 |
Plant protection products | 76 | 110,0 | 0.4 | 1.8 | -0.3 |
Animal feed | 212 | 128.9 | -1.2 | -2.3 | -12.5 |
Veterinary expenses | 41 | 114.9 | 1.1 | 2,0 | 4.3 |
Small equipment and tools | 10 | 128.1 | -0.2 | -3.9 | -4.1 |
Maintenance of materials | 95 | 122.7 | 0.2 | 2.6 | 6.1 |
Maintenance of buildings | 10 | 114.2 | 0,0 | 0.1 | 1.5 |
Other goods and services | 62 | 107.3 | 0.2 | 0.4 | 1.5 |
Goods and services contributing to investment | 257 | 119.4 | -0.1 | -1,0 | -0.7 |
Material | 180 | 118.7 | -0.1 | -0.9 | 0.9 |
Tractors | 76 | 115.7 | -0.1 | -1.4 | -0.3 |
Machinery and equipment for cultivation | 35 | 117.5 | -0.5 | -1.1 | 1.7 |
Machinery and equipment for harvesting | 40 | 122.1 | 0.1 | -0.6 | 1.4 |
Utility vehicles | 18 | 121,0 | -0.2 | -0.2 | 2.5 |
Buildings | 77 | 121,0 | 0,0 | -1.1 | -4.1 |
- (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2024.
- 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 2024 has been revised upwards by 0.4 percentage points (after rounding) at ‑7.8%, 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 2024 has been revised downwards by 0.4 percentage points, at ‑6.5%.
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 2020. 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 yet seasonally adjusted.
Further informations (including IPPAP and IPPIAP methodologies) are available through the “Documentation” tab on the web page of this publication.
Next issue: 30 April 2024 at 12:00 pm.