Informations Rapides · 20 December 2024 · n° 329

In November 2024, agricultural producer prices rose by 1.5% year on year Indices of agricultural prices - November 2024

In November 2024, agricultural producer prices rose again year on year (+1.5% after +0.9% in October). Over one month, agricultural producer prices without seasonality – excluding fruits and vegetables (including potatoes), cut flowers and potted plants – sped up (+1.6% after +0.9% in October).

Agricultural input purchase prices fell year on year for the nineteenth consecutive month (‑3.3% in November, after ‑4.0% in October). Over one month, they were stable (after +0.2% in October).

In November 2024, the fall in cereal prices intensified over one month (‑2.9% after ‑0.3% in October, and +1.6% in September). The fall in prices intensified for soft wheat (‑3.4% after ‑0.7%) and maize (‑2.1% after ‑1.0%). Prices fell back for barley (‑3.2% after +3.4%) and bounced back for durum wheat (+2.0% after ‑0.4%). Year on year, cereal prices fell for the sixth consecutive month (‑3.7% after ‑3.1% in October, and ‑7.9% in September).

Oilseed prices slowed down over one month in November 2024 (+3.9% after +10.7% in October, and +0.3% in September): they decelerated for rapeseed (+4.5% after +9.5%) and sunflower (+3.2% after +14.7%). Year on year, oilseed prices sped up (+18.0% after +15.3% in October, and +0.4% in September).

In November 2024, fresh vegetable prices fell back clearly year on year (‑6.2% after +7.3% in October, and +6.6% in September). Prices continued to go up firmly for spinach (+23.0% after +32.6%), garlic (+22.2% after +23.1%), shallots (+17.4% after +18.5%), red beetroots (+13.2% after +11.6%), and pumpkins (+10.3% after +9.1%). They slowed down for chicories (+14.7% after +46.8%), and sped up for mushrooms (+6.7% after +3.9%). They fell back for leeks (‑0.6% after +37.1%) and radishes (‑8.3% after +0.2%). The fall in prices intensified firmly for cabbages (‑60.5% after ‑10.8%), tomatoes (‑22.3% after ‑11.5%), coloured onions (‑19.5% after ‑16.1%), and carrots (‑8.1% after ‑1.9%). Prices of salads were nearly stable (‑0.1% after +0.2%).

In November 2024, fresh fruit prices sped up year on year (+2.6% after +1.0% in October, and +4.1% in September). Prices continued to rise firmly for nuts (+31.7% after +30.9%) and chestnuts (+21.1% after +27.9%). They went up year on year by 7.7% for kiwis, and by 2.3% for clementines. Those of pears bounced back slightly (+0.9% after ‑5.4% in October), while those of grapes fell back (‑7.8% after +3.5%). Prices of apples fell again (‑1.3% after ‑2.0%).

In November 2024, animal prices bounced back over one month (+2.7% after ‑0.3% in October), due in particular to the rebound in pig prices (+6.2% after ‑2.7% in October). Prices sped up for large cattle (+2.4% after a stability in October) and for sheep (+2.3% after +1.1%), and slowed down slightly for poultry (+1.0% after +1.1%). Prices of calves went down (‑0.5% after ‑0.1%).

Year on year, animal prices bounced back in November 2024 after fourteen consecutive months of fall (+2.9% after ‑0.6% in October). They sped up for large cattle (+5.7% after +1.5%) and sheep (+17.6% after +16.0%), and slowed down for calves (+8.1% after +9.3%). The fall in prices softened for pigs (‑2.3% after ‑8.2%) and poultry (‑4.4% after ‑5.3% in October, and ‑6.7% in September).

In November 2024, egg prices sped up again over one month (+9.7% after +7.7% in October, and +4.8% in September), due to limited supply and slowdown in supplies caused by avian flu and salmonella cases. Year on year, they sped up (+2.7% after +2.2%).

In November 2024, purchase prices of intermediate consumption were stable over one month (after +0.3% in October). Prices went up for the maintenance of materials (+0.3% after a stability in October). They bounced back for the small equipment and tools (+0.4% after ‑0.3%) and veterinary expenses (+0.2% after ‑0.2%), and softened for energy (+1.2% after +2.0%), fertilizers and soil improvers (+0.4% after +1.0%). They were nearly stable for seeds (‑0.1% after +0.1%), the “other goods and services” (‑0.1% after +0.1%), and stable for the maintenance of buildings (after +0.2% in October). The fall in prices intensified for plant protection products (‑1.4% after ‑0.3%) and animal feed (‑0.4% after ‑0.2%). Year on year, purchase prices of intermediate consumption dropped for the twentieth consecutive month (‑3.8% in November, after ‑5.0% in October).

In November 2024, the prices of investment goods were nearly stable over one month (‑0.1% after ‑0.5% in October) and went down again year on year (‑1.5% after ‑1.1%).

The year-on-year percentage change of the global index of producer prices for agricultural products in October 2024 has been revised downwards by 0.8 percentage points to +0.9%, due to methodological improvements. The year-on-year percentage change of the global index of the purchase prices of inputs for agricultural production in October 2024 has been revised downwards by 0.1 percentage points to ‑4.0%.