Informations Rapides · 31 January 2025 · n° 31

In December 2024, agricultural producer prices rose by 2.2% year on year Indices of agricultural prices - December 2024

In December 2024, agricultural producer prices sped up year on year (+2.2% after +1.6% in November). Over one month, agricultural producer prices without seasonality – excluding fruits and vegetables (including potatoes), cut flowers and potted plants – continued to rise (+1.9% after +1.8% in November).

Agricultural input purchase prices fell year on year for the twentieth consecutive month (‑2.4% in December, after ‑3.3% in November). Over one month, they were nearly stable (‑0.1% after a stability in November).

In December 2024, cereal prices bounced back over one month (+4,3% after ‑2.9% in November, and ‑0.3% in October). Prices were back on the rise for soft wheat (+5,6% after ‑3.4%) supported by international demand and difficult growing conditions in Russia, barley (+4,3% after ‑3.2%) and maize (+1,9% after ‑2.1%), due to lower forecasts in world stocks. Durum wheat prices fell back (‑0.5% after +2.0%), facing Canadian competition. Year on year, cereal prices rose for the first time since seven months (+0,5% after ‑3.7% in November, and ‑3.1% in October).

Oilseed prices fell back over one month in December 2024 (‑0.9% after +3.9% in November, and +10.7% in October): they fell back for sunflower (‑2.8% after +3.2%) and slowed down substantially for rapeseed (+0,2% after +4.5%). Year on year, oilseed prices sped up (+19.7% after +18.0% in November, and +15.3% in October).

In December 2024, the fall of fresh vegetable prices intensified year on year (‑10.0% after ‑6.2% in November, and +7.3% in October). Prices continued to go down for cabbages (‑44.0% after ‑60.5%), tomatoes (‑20.3% after ‑22.3%), coloured onions (‑17.6% after ‑19.5%), carrots (‑16.3% after ‑8.1%) and leeks (‑10.0% after ‑0.6%). They fell by 7.0% for salads after a nearly stability in November (‑0.1%). They fell back substantially for chicories (‑19.8% after +14.7%), mushrooms (‑6.1% after +6.7%), and moderately for spinach (‑2.3% after +23.0%). On the contrary, prices bounced back firmly for radishes (+28.5% after ‑8.3%), and moderately for celery roots (+4.7% after ‑2.3%). They rose again for garlic (+22.2% as in November), shallots (+20.3% after +17.4%), pumpkins (+10.5% after +10.3%), and red beetroots (+9.5% after +13.2%).

In December 2024, fresh fruit prices slowed down year on year (+0.6% after +2.6% in November, and +1.0% in October). Prices rose firmly again for nuts (+29.8% after +31.7%), and sped up for kiwis (+8.7% after +7.7%). They fell back substantially for clementines (‑6.1% after +2.3%), and moderately for pears (‑1.4% after +0.9%). The fall in prices of apples intensified (‑2.9% after ‑1.3%).

In December 2024, animal prices slowed down over one month (+1.7% after +2.7% in November). They continued to rise for large cattle (+2.5% after +2.4% in November), sheep (+2.2% after +2.3%), and poultry (+1.1% after +1.0%). Those of pigs slowed firmly down (+0.9% after +6.2%).

Year on year, animal prices sped up in December 2024 (+4.7% after +2.9% in November, and ‑0.6% in October). They sped up for large cattle (+8.9% after +5.7%) and sheep (+19.0% after +17.6%), and slowed down again for calves (+7.7% after +8.1% in November, and +9.3% in October). The fall in prices softened for poultry (‑2.8% after ‑4.4% in November), and continued for pigs (‑2.6% after ‑2.3%).

In December 2024, milk prices slowed down over one month (+1.2% after +2.1% in November): those of cow milk slowed down (+1.0% after +2.2%), while those of goat milk sped up (+0.9% after +0.3%). Year on year, milk prices sped up (+6.1% after +4.7% in November, and +3.0% in October).

Egg prices slowed down substantially over one month (+1.9% after +9.7% in November) and year on year (+1.1% after +2.7%).

In December 2024, purchase prices of intermediate consumption were nearly stable over one month (‑0.1% after a stability in November). Prices slowed down for energy (+0.9% after +1.2%) and for the maintenance of materials (+0.2% after +0.3%). Prices of the small equipment and tools fell back (‑0.8% after +0.3%). The fall in prices intensified for plant protection products (‑3.3% after ‑1.4%) and continued for seeds (‑0.3% after ‑0.2%). They were nearly stable for animal feed (+0.1% after ‑0.4%), the “other goods and services” (+0.1% after ‑0.1%), and stable for veterinary expenses (after +0.1% in November), fertilizers and soil improvers (after +0.5%), and the maintenance of buildings (after +0.3%). Year on year, purchase prices of intermediate consumption dropped for the twenty-first consecutive month (‑2.6% in December, after ‑3.8% in November).

In December 2024, the prices of investment goods were nearly stable again over one month (+0.1% after ‑0.1% in November) and continued to go down year on year (‑1.7% after ‑1.5%).

The year-on-year percentage change of the global index of producer prices for agricultural products in November 2024 has been revised upwards by 0.1 percentage points to +1.6%. The year-on-year percentage change of the global index of the purchase prices of inputs for agricultural production in November 2024 is unchanged.