Informations rapides
31 March 2020
2020- n° 91
In February 2020, agricultural producer prices diminished by 0.2% year on year Indices of agricultural prices - February 2020

In February 2020, agricultural producer prices diminished by 0.2% year on year. Excluding fruit and vegetables, they decreased by 1.0% over one month and increased by 0.2% year on year.

Informations rapides
No 91
Paru le :Paru le31/03/2020
Prochaine parution le : 30/04/2024 at 12:00 - March 2024
Imprimer
Découvrir la collection
Données
(zip, 338 Ko)

In February 2020, agricultural producer prices diminished by 0.2% year on year. Excluding fruit and vegetables, they decreased by 1.0% over one month and increased by 0.2% year on year.

Decrease in cereal and oilseed prices over one month

In February 2020, cereal prices declined slightly (–0.9% over one month after +4.1% in January) in the wake of the decrease in soft wheat prices (–1.4% over one month after +5.5%) and maize prices (–1.9% over one month after +2.4%). Year on year, cereal prices were still on a downward trend (–2.1% in February after –6.8%).

Similarly, oilseed prices were down: –3.9% over one month after +1.3% in January. This decline concerned both rapeseed prices (–2.9% after +1.1%) and sunflower prices (–8.9% after +2.0%). The fall in soybean prices is very moderate (–0.2% after +1.9%) in a context of trade agreements between the United States and China. Year-on-year, oilseed prices remained dynamic but slowed down (+8.2% after +11.3%).

Producer prices of cereals

Producer prices of cereals
Producer prices of cereals
2014-01 108.3
2014-02 108.1
2014-03 114.6
2014-04 114.9
2014-05 107.6
2014-06 104.1
2014-07 102.7
2014-08 98.9
2014-09 90.3
2014-10 95.1
2014-11 102.1
2014-12 108.0
2015-01 108.1
2015-02 102.6
2015-03 102.5
2015-04 100.6
2015-05 92.9
2015-06 98.5
2015-07 109.0
2015-08 97.8
2015-09 92.7
2015-10 98.2
2015-11 100.1
2015-12 97.0
2016-01 89.6
2016-02 85.3
2016-03 83.6
2016-04 84.7
2016-05 86.8
2016-06 91.1
2016-07 94.8
2016-08 95.5
2016-09 92.7
2016-10 94.7
2016-11 96.8
2016-12 96.1
2017-01 98.6
2017-02 99.3
2017-03 96.8
2017-04 94.1
2017-05 93.1
2017-06 95.7
2017-07 96.7
2017-08 92.7
2017-09 92.5
2017-10 92.5
2017-11 92.4
2017-12 91.3
2018-01 90.5
2018-02 91.7
2018-03 93.5
2018-04 93.9
2018-05 97.3
2018-06 100.9
2018-07 109.1
2018-08 120.6
2018-09 114.7
2018-10 114.0
2018-11 114.1
2018-12 115.2
2019-01 114.3
2019-02 107.6
2019-03 103.1
2019-04 103.4
2019-05 100.8
2019-06 101.9
2019-07 99.7
2019-08 96.7
2019-09 95.1
2019-10 99.9
2019-11 101.0
2019-12 102.5
2020-01 106.5
2020-02 105.3

Producer prices of cereals

  • Source: INSEE.

Rebound in fresh fruit prices and decrease in fresh vegetables prices year on year

Year-on-year, fresh fruit prices recovered slightly (+1.1% in February 2020 after –0.5%), in line with the rise of some seasonal fruits prices: kiwis (+9.5%) and pears (+9.0%). Conversely, walnuts prices fell by 1.0% and apples prices by 0.3%. Year on year, fresh vegetables prices fell by 10.9%: Carrots prices by 7.7%, salads prices by 19.2% and leeks prices by 24.4%, whereas endives prices increased by 13.0%.

Producer prices of fresh vegetables

Producer prices of fresh vegetables
Monthly agricultural producer price indices (IPPAP) - Fresh vegetables
2016-01 96.3
2016-02 94.2
2016-03 128.4
2016-04 114.9
2016-05 101.0
2016-06 102.3
2016-07 116.7
2016-08 101.6
2016-09 97.2
2016-10 110.1
2016-11 119.0
2016-12 113.3
2017-01 132.4
2017-02 133.5
2017-03 107.4
2017-04 111.2
2017-05 97.9
2017-06 102.8
2017-07 85.8
2017-08 94.1
2017-09 100.9
2017-10 97.9
2017-11 98.4
2017-12 97.6
2018-01 101.6
2018-02 102.8
2018-03 117.6
2018-04 109.5
2018-05 103.5
2018-06 102.4
2018-07 97.4
2018-08 103.6
2018-09 119.9
2018-10 112.8
2018-11 132.5
2018-12 138.0
2019-01 147.5
2019-02 132.7
2019-03 121.9
2019-04 117.7
2019-05 99.8
2019-06 124.2
2019-07 117.6
2019-08 108.1
2019-09 113.8
2019-10 103.9
2019-11 132.2
2019-12 131.2
2020-01 136.7
2020-02 118.2

Producer prices of fresh vegetables

  • Source: SSP (ministry in charge of agriculture).

Pig prices continued to rise sharply year-on-year but fell again over one month

In February 2020, animal prices fell again (–1.4% in one month after –1.3%), due to a second consecutive month of declines in pig prices (–4.9% after –5.5% in January), following ten months of increases. Year-on-year, prices remained buoyant (+23.0%) in connection with the swine fever epidemic that has decimated the Chinese stock. Moreover, cattle prices were almost stable during the last three months. Year-on-year, they went down further (–2.9% after –1.9% in January).

Producer prices of pigs and large cattle

Producer prices of pigs and large cattle
Large cattle Pigs
2014-01 104.6 116.8
2014-02 104.4 109.2
2014-03 103.8 107.2
2014-04 103.8 119.1
2014-05 103.1 118.8
2014-06 101.4 113.6
2014-07 100.5 111.0
2014-08 100.2 106.0
2014-09 99.9 97.9
2014-10 98.4 96.6
2014-11 96.9 99.8
2014-12 98.1 98.7
2015-01 98.3 98.0
2015-02 98.1 98.3
2015-03 98.5 101.3
2015-04 98.6 99.8
2015-05 99.1 100.4
2015-06 100.3 99.7
2015-07 102.1 100.0
2015-08 102.3 103.2
2015-09 102.3 101.9
2015-10 101.7 102.8
2015-11 100.1 99.2
2015-12 98.4 94.7
2016-01 97.6 97.0
2016-02 96.8 96.1
2016-03 96.6 92.9
2016-04 95.3 90.2
2016-05 94.1 96.6
2016-06 93.8 102.5
2016-07 93.3 106.2
2016-08 92.6 106.3
2016-09 91.9 110.5
2016-10 93.0 111.9
2016-11 94.8 111.1
2016-12 96.6 113.9
2017-01 96.7 115.9
2017-02 97.2 117.2
2017-03 97.3 116.5
2017-04 98.5 119.3
2017-05 98.7 117.5
2017-06 98.9 111.7
2017-07 97.6 108.7
2017-08 97.9 105.1
2017-09 99.6 99.4
2017-10 100.7 99.9
2017-11 100.4 102.3
2017-12 99.9 103.0
2018-01 96.8 98.7
2018-02 96.5 100.0
2018-03 97.9 100.4
2018-04 97.8 96.7
2018-05 98.8 95.3
2018-06 98.9 93.5
2018-07 100.1 92.5
2018-08 99.8 92.9
2018-09 99.7 95.5
2018-10 98.5 96.9
2018-11 96.3 99.3
2018-12 96.5 100.9
2019-01 96.9 102.9
2019-02 98.0 101.7
2019-03 98.6 104.6
2019-04 99.0 108.8
2019-05 99.6 114.2
2019-06 99.7 115.1
2019-07 98.9 115.4
2019-08 98.3 117.1
2019-09 98.2 125.3
2019-10 96.3 133.1
2019-11 95.3 137.5
2019-12 95.2 139.1
2020-01 95.1 131.5
2020-02 95.2 125.1

Producer prices of pigs and large cattle

  • Source: INSEE.

Decrease in egg prices and rise in milk prices year on year

In February 2020, egg prices recovered over one month (+2,6% after –5.7%) due to a large demand while they dropped further year on year (–3.1% after –2.3%). The price of cow's milk stabilized over one month (after +0.3% in January). Year on year, it increased by 2.1% (after +2.5% in January).

Index of producer prices of agricultural products (IPPAP)

Seasonnaly adjusted - base and reference 100 in 2015
Index of producer prices of agricultural products (IPPAP) (Seasonnaly adjusted - base and reference 100 in 2015)
Variation as % over
Weights Feb. 2020 a month 3 months a year
Agricultural goods output 1000 107.9 /// /// -0.2
excluding fruits and vegetables 906 107.5 -1.0 -0.4 +0.2
Crop output (excluding fruits and vegetables) 489 109.1 -1.4 +0.4 -1.4
Cereals 152 105.6 -0.9 +4.8 -2.1
of which soft wheat 90 110.2 -1.4 +6.1 -1.8
grain maize 27 106.0 -1.9 +2.0 -2.8
Potatoes 29 189.4 /// /// -2.8
Wines 200 104.1 -1.5 -1.1 -1.8
PDO wines 112 106.0 -2.0 -1.1 -2.8
other wines 25 93.8 -2.8 -4.1 -1.3
Oleaginous 40 101.7 -3.9 +0.2 +8.2
Horticultural products 35 106.1 -0.7 -1.8 -2.1
Other crop products 33 98.9 0.0 -3.2 -3.3
Fruit and vegetables (1) 94 113.9 /// /// -4.6
Fresh vegetables 45 118.2 /// /// -10.9
Fresh fruit 32 114.3 /// /// +1.1
Animal output 417 105.6 -0.8 -1.3 +2.3
Animals 255 102.3 -1.4 -2.6 +2.8
of which large cattle 112 95.2 +0.1 -0.1 -2.9
calves 20 97.2 -0.9 -1.4 +1.4
pigs 49 125.1 -4.9 -9.0 +23.0
sheep 14 108.0 +2.9 +8.7 +10.2
poultry 57 99.2 +0.2 -0.3 -2.3
of which chicken 39 99.0 +0.1 -0.2 -2.5
Milk 146 110.8 0.0 +0.8 +1.9
of which cow milk 135 111.5 0.0 +0.9 +2.1
Eggs 16 110.4 +2.6 -1.6 -3.1
  • /// Absence of meaning due to the nature of these series
  • (1) Including vegetables for industry.
  • Sources : Insee. SSP (ministry in charge of agriculture)

Slight decline in the price of the means of production

In January 2020, the purchase prices for intermediate consumption fell by 0.4% (after –0.1% In January). They are driven down by the fall in energy prices (–4.9% over one month). Conversely, prices of crop protection products recovered (+0.7% after –0.5%) and prices of food prices for animals sped up (+0.6% after +0.2%). Year on year, the fall in prices for intermediate consumption went down further (-1.5% after -0.5%).

Prices for investment goods and services rose significantly over one month (+0.6% after +0.2% in January) and accelerated year on year (+1.4% after +1.1%).

Purchase prices of the means of agricultural production

Purchase prices of the means of agricultural production
Purchase prices of the means of agricultural production
2014-01 102.9
2014-02 103.0
2014-03 103.1
2014-04 103.3
2014-05 103.3
2014-06 103.1
2014-07 102.5
2014-08 102.1
2014-09 101.6
2014-10 101.0
2014-11 100.4
2014-12 99.5
2015-01 99.1
2015-02 100.5
2015-03 100.7
2015-04 101.1
2015-05 101.3
2015-06 100.6
2015-07 100.2
2015-08 99.7
2015-09 99.6
2015-10 99.5
2015-11 99.3
2015-12 98.3
2016-01 97.8
2016-02 97.5
2016-03 97.6
2016-04 97.4
2016-05 97.9
2016-06 97.8
2016-07 97.3
2016-08 96.9
2016-09 97.0
2016-10 97.4
2016-11 97.2
2016-12 98.3
2017-01 98.6
2017-02 99.0
2017-03 98.9
2017-04 99.1
2017-05 98.7
2017-06 98.1
2017-07 97.9
2017-08 98.0
2017-09 98.4
2017-10 98.9
2017-11 99.2
2017-12 99.3
2018-01 100.1
2018-02 100.1
2018-03 100.4
2018-04 101.1
2018-05 102.0
2018-06 101.9
2018-07 102.2
2018-08 102.7
2018-09 103.6
2018-10 104.6
2018-11 104.5
2018-12 103.8
2019-01 103.6
2019-02 104.1
2019-03 104.4
2019-04 104.6
2019-05 104.4
2019-06 103.8
2019-07 103.7
2019-08 103.3
2019-09 103.6
2019-10 103.5
2019-11 103.3
2019-12 103.5
2020-01 103.5
2020-02 103.3

Purchase prices of the means of agricultural production

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

Indices of purchase prices of the means of agricultural production (IPAMPA)

Raw data - base and reference 100 in 2015
Indices of purchase prices of the means of agricultural production (IPAMPA) (Raw data - base and reference 100 in 2015)
Variation as % over
Weights Feb. 2020 a month 3 months a year
Total input 1000 103.3 -0.2 0.0 -0.8
Intermediate consumptions 760 101.4 -0.4 -0.3 -1.5
Energy (1) 93 113.2 -4.9 -2.9 -1.8
Seeds 56 97.5 -0.1 0.0 0.4
Fertilisers and soil improvers 107 90.2 0.0 -2.1 -6.6
Plant protection products 84 92.5 0.7 -0.9 -3.2
Animal feed 214 100.0 0.6 1.0 -2.2
Veterinary expenses 37 111.0 0.2 0.5 2.1
Small equipment and tools 11 102.2 0.7 0.1 0.2
Maintenance of materials 88 110.1 0.3 1.2 2.9
Maintenance of buildings 9 108.1 0.0 0.3 1.6
Other goods and services 61 104.2 0.0 0.0 1.4
Goods and services contributing to investment 240 109.5 0.6 1.0 1.4
Material 168 110.1 0.7 1.4 2.3
Tractors 71 114.0 1.3 2.2 2.8
Machinery and equipment for cultivation 33 108.0 -0.2 0.4 2.2
Machinery and equipment for harvesting 38 108.3 0.8 0.9 1.6
Utility vehicles 16 102.9 0.0 0.4 1.6
Buildings 72 107.9 0.0 -0.1 -1.0
  • (1) The repayment of the domestic tax on energy product (TICPE) benefiting farmers has been applied in advance for the year 2020.
  • Sources : Insee. SSP (ministry in charge of agriculture)

Revision

The year on year variation of Agricultural price indices in January 2020 has been revised downwards by 0.1 points and is now considered stable. The year on year variation of the purchase prices of the means of agricultural production was unchanged in January 2020: it decreased by 0.1% over one year.

To know more about French agricultural price indices

The indice of producer prices for agricultural products (IPPAP) measures the changes in product prices when they are put on the market for the first time. It is published in base and reference 100 in 2015. The weight-coefficients of fresh fruits and vegetables change every month so that they reflect their very seasonal pattern. As a result their variations must only be interpreted year on year. If needed, indices are seasonally adjusted.

The indice of purchase prices of the means of agricultural production (IPAMPA) reflects the evolution prices of goods and services used in the agricultural process. It is not seasonaly adjusted.

The methodology can be found via the links thereafter for IPPAP: https://www.insee.fr/en/metadonnees/source/indicateur/p1657/description

and IPAMPA: https://www.insee.fr/en/metadonnees/source/indicateur/p1652/description

Next issue: 30 April 2020 at 12:00

Documentation

Agricultural means of production purchasing price index

Agricultural producer price index

Pour en savoir plus

: bureau-de-presse@insee.fr
:

Publication calendar

Time series : Indices of agricultural prices