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Informations Rapides · 31 July 2024 · n° 195
Informations rapidesIn June 2024, agricultural producer prices fell back over one month and year on year Indices of agricultural prices - June 2024

In June 2024, agricultural producer prices went down year on year for the fifteenth consecutive month (‑3.0% after ‑0.5% in May). Over one month, agricultural producer prices non seasonally concerned – i.e. “excluding fruits and vegetables (including potatoes), cut flowers and potted plants” – fell back (‑0.8% after +2.4% in May).

Agricultural input purchase prices went down year on year for the fourteenth consecutive month (‑2.8% in June after ‑3.9% in May). Over one month, they were stable (after ‑0.7% in May).

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In June 2024, agricultural producer prices went down year on year for the fifteenth consecutive month (‑3.0% after ‑0.5% in May). Over one month, agricultural producer prices non seasonally concerned – i.e. “excluding fruits and vegetables (including potatoes), cut flowers and potted plants” – fell back (‑0.8% after +2.4% in May).

Agricultural input purchase prices went down year on year for the fourteenth consecutive month (‑2.8% in June after ‑3.9% in May). Over one month, they were stable (after ‑0.7% in May).

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)
IPPIAP IPPAP
2024-06 125.8 128.5
2024-05 125.8 130.5
2024-04 126.7 126.2
2024-03 127.0 126.3
2024-02 127.1 125.9
2024-01 126.6 127.9
2023-12 127.1 127.3
2023-11 128.4 126.3
2023-10 129.4 125.6
2023-09 129.9 125.6
2023-08 129.5 124.2
2023-07 128.2 126.9
2023-06 129.4 132.5
2023-05 130.9 131.1
2023-04 132.9 134.6
2023-03 135.0 138.3
2023-02 136.1 140.3
2023-01 137.7 138.7
2022-12 137.2 138.1
2022-11 139.0 139.0
2022-10 139.9 139.6
2022-09 137.2 140.3
2022-08 136.7 139.7
2022-07 136.0 135.2
2022-06 136.6 137.4
2022-05 134.0 140.1
2022-04 132.5 138.2
2022-03 131.3 135.0
2022-02 122.8 122.8
2022-01 120.9 120.9
2021-12 118.3 120.2
2021-11 117.3 119.5
2021-10 115.3 116.5
2021-09 111.0 116.3
2021-08 109.4 114.1
2021-07 108.7 109.4
2021-06 107.4 110.3
2021-05 106.3 109.1
2021-04 105.6 105.6
2021-03 105.3 105.3
2021-02 104.1 104.1
2021-01 102.3 102.7
2020-12 100.8 100.8
2020-11 100.3 101.2
2020-10 99.8 100.5
2020-09 99.2 99.3
2020-08 99.5 99.3
2020-07 99.5 98.3
2020-06 99.5 98.9
2020-05 99.3 99.0
2020-04 99.4 99.4
2020-03 100.1 101.0
2020-02 101.2 100.6
2020-01 101.4 102.0

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

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

Prices of cereals went slightly up over a month while going down year on year. Conversely, oilseed prices dropped over one month but rose year on year

In June 2024, cereal prices slowed down significantly over one month (+0.6% after +16.5% in May and +7.0% in April). So did soft wheat prices (+1.0% after +23.9%). Prices fell back markedly for barley (‑10.6% after +14.4%). To a lesser extent, prices for durum wheat fell back too (‑3.9% after +5.0%), due to good harvests in Canada. Conversely, prices for maize sped up (+11.0% after +2.5%). Year on year, cereal prices fell back (‑1.4% in June after +5.6% in May and ‑18.8% in April).

Oilseed prices fell back over one month in June 2024 after three months of rise (‑1.0% after +5.1% in May). Prices went down for rapeseed (‑1.9% after +5.0%) and slowed down for sunflower (+1.4% after +5.6%). Year on year, oilseed prices rose again (+4.9% in June 2024 after +8.8% in May, and ‑2.0% in April).

Producer prices of cereals and oil seed

Producer prices of cereals and oil seed
Oil seed (raw data) Cereals
2024-06 120.4 130.5
2024-05 121.6 129.7
2024-04 115.7 111.3
2024-03 113.4 104.0
2024-02 108.9 102.9
2024-01 112.9 112.0
2023-12 115.0 117.3
2023-11 117.6 117.4
2023-10 115.9 120.1
2023-09 120.2 126.7
2023-08 121.3 131.2
2023-07 125.6 138.0
2023-06 114.8 132.3
2023-05 111.8 122.8
2023-04 118.1 137.1
2023-03 127.2 146.1
2023-02 146.1 152.2
2023-01 147.4 153.9
2022-12 151.9 163.3
2022-11 164.2 170.8
2022-10 167.7 180.4
2022-09 158.5 186.5
2022-08 168.0 184.9
2022-07 172.0 191.3
2022-06 191.7 210.6
2022-05 217.3 215.1
2022-04 246.8 208.3
2022-03 232.3 201.9
2022-02 179.4 142.6
2022-01 176.8 145.2
2021-12 172.5 149.7
2021-11 172.3 151.2
2021-10 167.9 142.5
2021-09 152.1 135.6
2021-08 143.8 131.5
2021-07 137.0 120.1
2021-06 134.9 123.1
2021-05 138.1 124.1
2021-04 128.6 119.1
2021-03 140.1 119.9
2021-02 129.9 117.6
2021-01 124.3 115.4
2020-12 116.9 108.5
2020-11 114.7 107.5
2020-10 105.2 102.5
2020-09 101.0 99.8
2020-08 95.8 98.4
2020-07 94.2 102.1
2020-06 92.5 99.7
2020-05 93.6 97.8
2020-04 93.2 98.8
2020-03 92.6 95.8
2020-02 97.8 94.3
2020-01 102.5 94.8

Producer prices of cereals and oil seed

  • Source: INSEE

Year on year fresh vegetables prices fell back; those of fresh fruit went down for the first time since ten months

In June 2024 fresh vegetable prices fell back year on year (‑0.9% after +7.6% in May and ‑12.5% in April). Prices continued to go down for carrots (‑7.8% after ‑4.3%) and more markedly for tomatoes (‑27.8% after ‑8.0%). Those for melons decreased by 6.8% year on year in June 2024. The fell back for radish (‑7.7% after +15.5%) and courgettes (2.4% after +23.9%). After three months of a sharp fall, artichokes prices bounced back (+127.1% after ‑19.6% in May). Prices sped up for leeks (+52.3% after +30.5%) and aubergines (+13.1% after +4.0%). They slowed down for cucumbers (+19.9% after +52.7%), chicories (+38.2% after +50.5%) and salads (+19.6% after +24.5%).

In June 2024, for the first time since ten months, fresh fruit prices fell down year on year (‑4.3% after +11.3% in May, and +4.4% in April), due to good production levels in 2024. Prices for peaches and nectarines dropped by 11.2%, those for apricots by 2.9%. The fall in cherish prices intensified (‑7.3% after ‑0.4%). Prices slowed down for strawberries (+2.4% after +16.4%). Raspberry prices bounced back over one year (+5.6% in June after ‑7.8% in May).

Producer prices of fresh fruit and vegetables

Producer prices of fresh fruit and vegetables
Fresh fruit Fresh vegetables
2024-06 110.9 116.4
2024-05 124.3 128.7
2024-04 115.6 117.4
2024-03 117.0 125.0
2024-02 117.2 129.2
2024-01 118.8 144.8
2023-12 115.5 134.8
2023-11 114.3 136.7
2023-10 117.9 125.0
2023-09 116.3 117.5
2023-08 108.6 106.9
2023-07 105.3 108.5
2023-06 116.1 114.5
2023-05 111.6 117.6
2023-04 110.6 134.3
2023-03 112.1 144.3
2023-02 110.9 143.2
2023-01 110.1 126.2
2022-12 107.3 116.6
2022-11 104.7 110.8
2022-10 102.5 125.2
2022-09 107.2 129.1
2022-08 124.6 113.5
2022-07 111.4 107.8
2022-06 104.3 104.2
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
2021-11 108.3 93.7
2021-10 115.2 95.8
2021-09 128.0 95.5
2021-08 131.2 105.4
2021-07 116.4 106.4
2021-06 113.4 102.5
2021-05 116.5 100.9
2021-04 109.8 105.9
2021-03 108.5 111.7
2021-02 106.6 106.4
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

Producer prices of fresh fruit and vegetables

  • Source: SSP (ministry in charge of agriculture)

Animal prices went up slightly over one month, but continued to go down year on year

In June 2024, animal prices continued to rise over one month (+0.7% after +0.3% in May). They sped up for pigs (+3.1% after +1.3%) and calves (+2.0% after +1.1%), and slowed down for sheep (+0.2% after +1.7%) and large cattle (+0.2% after +0.9%). The fall in poultry prices softened (‑1.5% after ‑3.3%).

Year on year, animal prices went down in June 2024 for the tenth consecutive month (‑3.1% after ‑3.6% in May). The fall of prices was more substantial for poultry (‑12.7% after ‑13.1%) and pigs (‑6.0% after ‑6.2%), and more moderate for large cattle (‑0.7% after ‑1.0%). Conversely, prices rose year on year for sheep (+14.7% after +15.1%) and calves (+2.7% after ‑0.4%).

Producer prices of pigs, large cattle and poultry

Producer prices of pigs, large cattle and poultry
Large cattle Pigs poultry
2024-06 141.6 137.1 117.9
2024-05 141.3 133.0 119.7
2024-04 140.1 131.3 123.8
2024-03 140.7 136.7 125.2
2024-02 142.7 137.9 125.9
2024-01 141.7 136.2 131.9
2023-12 140.1 135.8 128.0
2023-11 140.9 134.2 128.7
2023-10 143.3 134.4 128.6
2023-09 144.7 136.2 129.1
2023-08 142.2 142.8 130.9
2023-07 141.5 150.0 132.9
2023-06 142.6 145.8 135.1
2023-05 142.7 141.8 137.8
2023-04 144.4 147.3 140.9
2023-03 145.6 154.4 142.1
2023-02 145.8 155.4 142.5
2023-01 146.8 143.7 142.6
2022-12 147.0 138.5 137.6
2022-11 146.5 137.2 141.1
2022-10 145.3 139.9 138.9
2022-09 143.3 136.1 138.5
2022-08 141.9 130.5 136.7
2022-07 141.3 121.9 133.3
2022-06 139.8 115.5 127.8
2022-05 138.8 113.2 122.7
2022-04 134.1 109.4 118.3
2022-03 130.1 100.9 115.9
2022-02 126.2 96.9 114.7
2022-01 119.4 97.2 109.5
2021-12 117.2 97.9 112.2
2021-11 115.1 94.7 111.2
2021-10 111.1 90.1 109.9
2021-09 109.4 92.4 108.6
2021-08 107.7 93.2 107.3
2021-07 105.5 95.5 106.4
2021-06 103.8 104.8 105.5
2021-05 103.0 102.7 105.5
2021-04 102.6 93.7 105.6
2021-03 102.1 92.4 104.3
2021-02 101.8 94.1 103.4
2021-01 102.2 95.0 102.8
2020-12 102.4 96.5 102.1
2020-11 101.4 100.6 101.0
2020-10 100.8 99.3 100.5
2020-09 100.8 95.9 99.9
2020-08 100.8 91.3 99.0
2020-07 100.9 91.1 98.6
2020-06 99.6 93.1 98.7
2020-05 98.1 94.0 99.2
2020-04 96.7 99.4 99.7
2020-03 98.1 107.3 100.1
2020-02 99.7 112.2 100.4
2020-01 100.7 119.2 100.7

Producer prices of pigs, large cattle and poultry

  • Source: INSEE

Egg prices fell markedly over one month and year on year; those for milk rose over one month as year on year

In June 2024, the fall of egg prices softened over one month (‑6.1% after ‑10.0% in May). Year on year, egg prices fell for the twelfth consecutive month (‑20.2% after ‑22.2% in May).

Milk prices rose over a month (+0.3% after a stability in May). Prices went up for cow milk (+0.4% after +0.0%, as for goat milk (+0.3% after +0.2%). Year on year, milk prices rose by 1.2% (after +0.1% in May).

Index of producer prices of agricultural products (IPPAP)

Seasonnaly adjusted - base and reference 100 in 2020
Index of producer prices of agricultural products (IPPAP) (Seasonnaly adjusted - base and reference 100 in 2020)
Variation as % over
Weights (2) June 2024 a month 3 months a year
Agricultural goods output 1,000 128.5 /// /// -3.0
excluding fruits and vegetables 871 125.0 -0.8 1.9 -4.3
Crop output (excluding fruits and vegetables) 442 115.1 -1.8 5.8 -6.0
Cereals 143 130.5 0.6 25.5 -1.4
   soft wheat 82 128.8 1.0 31.3 2.5
   grain maize 30 129.9 11.0 26.0 -7.2
Oleaginous* 34 120.4 -1.0 6.2 4.9
Potatoes 21 301.0 6.9 11.7 6.7
Wines 195 93.0 -5.8 -8.6 -15.6
   PDO wines 110 81.1 -10.7 -13.9 -27.2
   other wines 28 102.1 -0.9 -8.2 -0.3
Horticultural products * 15 137.9 /// /// 11.4
Other crop products 34 166.0 0.7 2.3 6.2
Fruit and vegetables (1) ** 129 114.3 /// /// -1.6
   Fresh vegetables** 62 111.5 /// /// -0.9
   Fresh fruit** 46 112.6 /// /// -4.3
Animal output 428 134.6 0.1 -1.0 -2.7
Animals 231 135.5 0.7 -0.1 -3.1
   large cattle 103 141.6 0.2 0.6 -0.7
   calves 17 135.9 2.0 4.1 2.7
   pigs 52 137.1 3.1 0.3 -6
   sheep 14 141.6 0.2 3.5 14.7
   poultry 44 117.9 -1.5 -5.8 -12.7
        chicken 29 115.1 -1.5 -6.0 -13.8
Milk 175 130.8 0.3 0.7 1.2
   cow milk 159 131.4 0.4 0.8 1.0
Eggs 22 155.9 -6.1 -17.2 -20.2
  • /// Not relevant due to the seasonal nature of the products
  • (1) Including vegetables for industry.
  • (2) Average weight year on year.
  • * No seasonality detected
  • ** Raw data
  • Sources: INSEE, SSP (ministry in charge of agriculture)

Input purchase prices were stable over one month and fell year on year

In June 2024, the purchase prices of intermediate consumption were stable over one month (after ‑1.0% in May). Energy prices bounced slightly back (+0.4% after ‑4.1%). They went up for the maintenance of materials (+0.4% after a stability in May). They were nearly stable for animal feed (+0.1% after ‑0.7%) and veterinary expenses (+0.1% after ‑0.3%), and stable for the maintenance of buildings (after +0.2%) and the “other goods and services” (after a stability in May). Prices fell back for fertilizers and plant protection products (‑0.9% after +0.2%), for small equipment and tools (‑0.6% after +0.3%) and for seeds (‑0.3% after a stability in May). They continued to go down for soil improvers (‑0.5% after ‑1.2%). Year on year, the purchase prices of intermediate consumption fell for the fifteenth consecutive month (‑3.8% in June 2024 after ‑5.1% in May).

In June 2024, the prices of investment goods were nearly stable over one month (+0.1% as in May). They bounced back year on year after a fall of five consecutive months (+0.3% after ‑0.2% in May).

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

Raw data - base and reference 100 in 2020
Indices of purchase prices of inputs of agricultural production (IPPIAP) (Raw data - base and reference 100 in 2020)
Variation as % over
Weights June 2024 a month 3 months a year
Total input 1000 125.8 0.0 -0.9 -2.8
Intermediate consumptions 743 127.5 0.0 -1.4 -3.8
Energy (1) 91 160.6 0.4 -4.7 5.2
Seeds 54 113.1 -0.3 -0.1 1.3
Fertilisers and soil improvers 92 144.4 -0.5 -2.1 -13.9
Plant protection products 76 110.9 -0.9 -0.2 -2.1
Animal feed 212 125.3 0.1 -1.6 -10.6
Veterinary expenses 41 116.2 0.1 -0.3 4.3
Small equipment and tools 10 125.6 -0.6 -0.3 -6.1
Maintenance of materials 95 123.8 0.4 0.7 5.5
Maintenance of buildings 10 114.8 0.0 0.3 1.2
Other goods and services 62 109.8 0.0 0.3 2.6
Goods and services contributing to investment 257 120.9 0.1 0.3 0.3
Material 180 120.1 0.1 0.5 1.4
   Tractors 76 116.7 0.0 1.0 0.7
   Machinery and equipment for cultivation 35 119.2 -0.5 -1.0 2.0
   Machinery and equipment for harvesting 40 124.2 1.1 1.6 1.3
   Utility vehicles 18 122.4 0.6 0.6 2.2
Buildings 77 122.7 0.0 -0.1 -2.1
  • (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 global index of producer prices for agricultural products in May 2024 has been revised upwards by 0.6 percentage points to ‑0.5%, due mainly to the correction of an error in May for potatoes prices. The year-on-year percentage change of the global index of the purchase prices of inputs for agricultural production in May 2024 is confirmed.

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 August 2024 at 12:00 pm.

Documentation

Agricultural means of production purchasing price index

Agricultural producer price index

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: bureau-de-presse@insee.fr

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Time series: Agricultural price indices IPPAP, IPAMPA - Base 2020