Informations Rapides · 29 November 2024 · n° 305

In October 2024, agricultural producer prices rose by 1.7% year on year Indices of agricultural prices - October 2024

In October 2024, agricultural producer prices continued to rise year on year (+1.7% after +1.0% in September). Over one month, agricultural producer prices without seasonality – excluding fruits and vegetables (including potatoes), cut flowers and potted plants – went up (+1.1% after +1.3% in September).

Agricultural input purchase prices fell year on year for the eighteenth consecutive month (‑3.9% in October, after ‑4.5% in September). Over one month, they bounced back by 0.3% (after ‑0.2% in September).

In October 2024, cereal prices went down over one month (‑0.3% after +1.6% in September, and ‑7.3% in August). Prices fell back for maize (‑1.0% after +2.8% in September), due to satisfying production levels in France as in the main exporting countries, as for soft wheat (‑0.7% after +1.6%), and durum wheat (‑0.4% after +3.6%). Prices for barley sped up (+3.4% after +1.8%). Year on year, cereal prices fell for the fifth consecutive month (‑3.1% after ‑7.9% in September, and ‑12.4% in August).

Oilseed prices sped up firmly over one month in October 2024 (+10.7% after +0.3% in September and ‑2.3% in August). Prices of sunflower sped up firmly (+14.7% after +0.9%), due to late and very disappointing harvest, while those of rapeseed bounced back (+9.5% after ‑0.2%) in face of insufficient supply and strong global demand for vegetable oils. Year on year, oilseed prices sped up firmly (+15.3% in October, after +0.4% in September and ‑0.8% in August).

In October 2024, fresh vegetable prices continued to go up year on year (+7.3% after +6.6% in September, and +10.4% in August). Prices sped up firmly for zucchinis (+125.4% after +33.5%), chicories (+46.8% after +32.9%), leeks (+37.1% after +24.0%), and spinach (+32.6% after +7.0%), and, to a lesser extent, for pumpkins (+9.1% after +2.7%). They continued to rise for garlic (+23.1% after +22.2%), shallots (+18.5% after +24.2%), and slowed down for cucumbers (+4.3% after +21.8%) and mushrooms (+3.9% after +6.8%). They bounced back slightly for salads (+0.2% after ‑7.2%) and radishes (+0.2% after ‑5.4%). Prices fell back firmly for cabbages (‑10.8% after +49.6%), artichokes (‑10.9% after +16.2%), tomatoes (‑11.5% after +3.8%), and more slightly for carrots (‑1.9% after +0.1%). They continued to go down for coloured onions (‑16.1% after ‑14.1%) and sweet peppers (‑10.8% after ‑15.5%).

In October 2024, fresh fruit prices slowed down year on year (+1.0% after +4.1% in September and +9.5% in August). Prices for nuts rose by 30.9%, those for chestnuts by 27.9% (after +28.0% in September). Prices for grapes slowed down (+3.5% after +5.5%). Those of apples fell back (‑2.0% after +1.7%), while the fall in pears prices softened (‑5.4% after ‑11.7%).

In October 2024, animal prices fell again over one month (‑0.3% after ‑0.5% in September). The fall in pigs prices softened (‑2.7% after ‑3.9% in September). Prices were almost stable for calves (‑0.1% after +0.2%), and stable for large cattle (after ‑0.1% in September). Prices slowed down for poultry (+1.1% after +1.4%), and sheep (+1.1% after +2.9%), while these sectors are increasingly affected by epizootic cases.

Year on year, animal prices went down in October for the fourteenth consecutive month (‑0.6% after ‑1.2% in September). The fall of prices softened again for poultry (‑5.3% after ‑6.7% in September and -9.2% in August), but intensified for pigs (‑8.2% after ‑6.9%). Prices sped up for calves (+9.3% after +7.5%) and for large cattle (+1.5% after +0.5%).

In October 2024, egg prices sped up over one month (+7.7% after +4.8% in September), due to a very poor health situation in recent weeks caused by avian flu and salmonella contamination. Year on year, they softened (+2.2% after +2.5%).

Milk prices sped up over a month (+0.9% in October, after +0.5% in September). Prices for goat milk rose slightly anew (+0.2% after a stability) and continued to go up for cow milk (+0.8% after +0.5%). Year on year, milk prices sped up (+2.8% after +1.4% in September).

In October 2024, purchase prices of intermediate consumption bounced back over one month (+0.3% after ‑0.5% in September). Prices bounced back for energy (+2.0% after ‑1.9%), fertilizers and soil improvers (+1.1% after ‑0.8%) and seeds (+0.4% after ‑0.1%). They were nearly stable for small equipment and tools (+0.1% after ‑0.6%) and for the “other goods and services” (+0.1% after ‑0.3%), and stable for the maintenance of buildings (after ‑0.3% in September) and the maintenance of materials (after +0.1% after). Prices fell back for plant protection products (‑0.2% after +0.2%) and veterinary expenses (‑0.2% after +0.1%), and continued to fall for animal feed (‑0.3% after ‑0.4%). Year on year, purchase prices of intermediate consumption dropped for the nineteenth consecutive month (‑5.0% in October, after ‑5.8% in September).

In October 2024, the prices of investment goods were nearly stable over one month (+0.1% after +0.6% in September) and continued to go down year on year (‑0.5% after ‑0.6%).

The year-on-year percentage change of the global index of producer prices for agricultural products in September 2024 has been revised upwards by 0.2 percentage points to +1.0%. The year-on-year percentage change of the global index of the purchase prices of inputs for agricultural production in September 2024 has been revised upwards by 0.1 percentage points to ‑4.5%.