Informations Rapides ·
28 June 2024 · n° 166
In May 2024, production prices for cereals and oilseeds returned to year-on-year growth
(+5.6% and +8.8%, respectively) Indices of agricultural prices - May 2024
In May 2024, agricultural producer prices went down year on year for the fourteenth consecutive month (‑1.1% after ‑6.2% in April). Over one month, agricultural producer prices “excluding fruits and vegetables (including potatoes), cut flowers and potted plants” sped up (+2.4% after +0.2% in April).
In May 2024, agricultural input purchase prices fell back year on year for the thirteenth consecutive month (‑3.9% after ‑4.7%). Over one month, they went down by 0.7% (after -0.2% in April).
- Prices of cereals and of oilseeds sped up over a month and bounced back year on year
- Year on year, prices of fresh vegetables bounced back, those of fresh fruits sped up
- Animal prices went up slightly over one month and continued to go down year on year
- Prices of eggs fell markedly back over one month as year on year; those of milk were almost stable over one month as year on year
- Input purchase prices went down over one month and year on year
- Revisions
- For further information
In May 2024, agricultural producer prices went down year on year for the fourteenth consecutive month (‑1.1% after ‑6.2% in April). Over one month, agricultural producer prices “excluding fruits and vegetables (including potatoes), cut flowers and potted plants” sped up (+2.4% after +0.2% in April).
In May 2024, agricultural input purchase prices fell back year on year for the thirteenth consecutive month (‑3.9% after ‑4.7%). Over one month, they went down by 0.7% (after -0.2% in April).
tableauProducer prices of agricultural products (IPPAP) and purchase prices of inputs for agricultural production (IPPIAP)
| IPPIAP | IPPAP | |
|---|---|---|
| 2024-05 | 125.8 | 129.7 |
| 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 | 128.3 | 126.9 |
| 2023-06 | 129.4 | 132.5 |
| 2023-05 | 130.9 | 131.1 |
| 2023-04 | 132.9 | 134.6 |
| 2023-03 | 134.9 | 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 |
graphiqueProducer 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 and of oilseeds sped up over a month and bounced back year on year
In May 2024, cereal prices sped up significantly over one month (+16.5% after +7.0% in April). Soft wheat prices went sharply up (+23.9% after +4.9%), due to frost in Russian plains and major purchases on the American markets. Prices sped up also for barley (+14.4% after +8.3%) and more moderately for durum wheat (+5.0% after +1.9%). Prices for maize slowed down (+2.5% after +10.7%). For the first time since fourteen months, cereal prices rose year on year (+5.6% in May after ‑18.8% in April).
Oilseed prices sped up over one month in May 2024 (+5.1% after +2.0% in April). Prices sped up for rapeseed (+5.0% after +2.1%) and for sunflower (+5.6% after +1.7%), due mostly to floods in Brazil penalizing the current harvest. For the first time since nineteenth months, oilseed prices rose back year on year (+8.8% in May 2024 after ‑2.0% in April).
tableauProducer prices of cereals and oil seed
| Oil seed (raw data) | Cereals | |
|---|---|---|
| 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 |
graphiqueProducer prices of cereals and oil seed
- Source: INSEE
Year on year, prices of fresh vegetables bounced back, those of fresh fruits sped up
Fresh vegetable prices bounced back year on year in May 2024 (+7.6% after ‑12.5% in April). Prices sped up for cauliflowers (+52.9% after +37.4%), cucumbers (+52.7% after +4.1%), chicories (+50.5% after +24.0%) and asparagus (+27.9% after +11.2%). They bounced back for salads (+24.5% after ‑4.7%), which suffered from Spring bad weather, and for leeks (+30.5% after ‑37.2%). Prices continued to go down for tomatoes (‑8.0% after ‑11.6%), carrots (‑4.3% after ‑5.8%), and artichokes (‑19.6% after ‑50.8%).
Year on year, fresh fruit prices sped up in May 2024 (+11.3% after +4.4% in April). Prices continued to speed up for strawberries (+16.4% after +8.4%) and kiwis (+16.6% after +12.0%). They bounced back for apples (+7.5% after ‑0.5%). Strawberry prices fell by 7.8% over one year in May 2024.
tableauProducer prices of fresh fruit and vegetables
| Fresh fruit | Fresh vegetables | |
|---|---|---|
| 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 |
graphiqueProducer prices of fresh fruit and vegetables
- Source: SSP (ministry in charge of agriculture)
Animal prices went up slightly over one month and continued to go down year on year
In May 2024, animal prices rose slightly back over one month after three consecutive months of fall (+0.3% after ‑1.1% in April). They bounced back for pigs (+1.3% after ‑4.0%) and for large cattle (+0.9% after ‑0.4%). Sheep prices continued to rise (+1.7% after +1.5%). The fall in poultry prices intensified (‑3.4% after ‑1.1%).
Year on year, animal prices went down in May 2024 for the ninth consecutive month (‑3.6% after ‑5.6% in April). The fall of prices was more substantial for poultry (‑13.2% after ‑12.1%) and pigs (‑6.2% after ‑10.9%), and more moderate for large cattle (‑1.0% after ‑3.0%). Conversely, sheep prices kept accelerating firmly year on year (+15.1% after +12.9%).
tableauProducer prices of pigs, large cattle and poultry
| Large cattle | Pigs | Poultry | |
|---|---|---|---|
| 2024-05 | 141.3 | 133.0 | 119.6 |
| 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 |
graphiqueProducer prices of pigs, large cattle and poultry
- Source: INSEE
Prices of eggs fell markedly back over one month as year on year; those of milk were almost stable over one month as year on year
In May 2024, the fall of egg prices intensified markedly over one month (‑10.0% after ‑2.0% in April), due to supply exceeding demand. Year on year, egg prices fell for the eleventh consecutive month (‑22.2% after ‑17.0% in April).
Prices of milk were nearly stable over a month (+0.1% after +0.4% in April). Prices of cow milk were also nearly stable (+0.1% after +0.4%), those of goat milk rose (+0.5% after +0.2%). Year on year, milk prices were nearly stable after a fall of seven consecutive months (+0.1% after ‑1.3%).
tableauIndex of producer prices of agricultural products (IPPAP)
| Variation as % over | |||||
|---|---|---|---|---|---|
| Weights (2) | May 2024 | a month | 3 months | a year | |
| Agricultural goods output | 1000 | 129.7 | /// | /// | -1.1 |
| excluding fruits and vegetables | 871 | 126.0 | 2.4 | 3.0 | -2.5 |
| Crop output (excluding fruits and vegetables) | 442 | 117.2 | 6.2 | 9.3 | -1.0 |
| Cereals | 143 | 129.7 | 16.5 | 26.0 | 5.6 |
| soft wheat | 82 | 127.5 | 23.9 | 28.9 | 8.7 |
| grain maize | 30 | 117.0 | 2.5 | 22.0 | -6.8 |
| Potatoes | 34 | 121.6 | 5.1 | 11.7 | 8.8 |
| Wines | 21 | 254.0 | -4.2 | -2.8 | -6.8 |
| PDO wines | 195 | 98.7 | -0.7 | -2.0 | -10.4 |
| other wines | 110 | 90.8 | -1.6 | -5.2 | -18.7 |
| Oleaginous * | 28 | 103.0 | 0.8 | 6.0 | 3.3 |
| Horticultural products * | 15 | 143.9 | /// | /// | 14.3 |
| Other crop products | 34 | 164.2 | 1.1 | 1.5 | 6.7 |
| Fruit and vegetables (1) ** | 129 | 122.9 | /// | /// | 10.6 |
| Fresh vegetables** | 62 | 120.7 | /// | /// | 7.2 |
| Fresh fruit** | 46 | 120.7 | /// | /// | 11.3 |
| Animal output | 428 | 134.5 | -0.5 | -1.7 | -3.7 |
| Animals | 231 | 134.6 | 0.3 | -1.5 | -3.6 |
| large cattle | 103 | 141.3 | 0.9 | -1.0 | -1.0 |
| calves | 17 | 133.2 | 1.1 | 2.4 | -0.4 |
| pigs | 52 | 133.0 | 1.3 | -3.6 | -6.2 |
| sheep | 14 | 141.3 | 1.7 | 8.1 | 15.1 |
| poultry | 44 | 119.6 | -3.4 | -5.0 | -13.2 |
| chicken | 29 | 116.8 | -4.3 | -5.2 | -14.6 |
| Milk | 175 | 130.4 | 0.1 | 0.5 | 0.1 |
| cow milk | 159 | 130.9 | 0.1 | 0.7 | -0.2 |
| Eggs | 22 | 166.0 | -10.0 | -14.7 | -22.2 |
- /// 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 went down over one month and year on year
In May 2024, the purchase prices of intermediate consumption went down again over one month (‑1.0% after ‑0.4% in April). The fall in prices intensified markedly for energy (‑4.0% after ‑0.8%) and, to a lesser extent, for fertilizers and soil improvers (‑1.2% after ‑0.3%). Prices continued to fall for animal feed (‑0.8% after ‑1.0%), and fell slightly back for seeds (‑0.2% after +0.2%) and veterinary expenses (‑0.3% after +0.1%). They were almost stable for plant protection products (+0.1% after +0.5%) and for small equipment and tools (+0.1% after a stability in April). Prices were stable for the maintenance of materials (after +0.3%), for the maintenance of buildings (after +0.2%), and for the “other goods and services” (after +0.1%). Year on year, the purchase prices of intermediate consumption fell for the fourteenth consecutive month (‑5.1% in May 2024 after ‑5.9% in April).
In May 2024, the prices of investment goods rose slightly over one month (+0.2% at the same rhythm as in April). They were nearly stable year on year after a fall of four consecutive months (‑0.1% after ‑0.6% in April).
tableauIndices of purchase prices of inputs of agricultural production (IPPIAP)
| Variation as % over | |||||
|---|---|---|---|---|---|
| Weights | May 2024 | a month | 3 months | a year | |
| Total input | 1000 | 125.8 | -0.7 | -1.0 | -3.9 |
| Intermediate consumptions | 743 | 127.5 | -1.0 | -1.8 | -5.1 |
| Energy (1) | 91 | 160.3 | -4.0 | -6.5 | 6.2 |
| Seeds | 54 | 113.2 | -0.2 | 1.3 | 0.4 |
| Fertilisers and soil improvers | 92 | 145.2 | -1.2 | -2.2 | -18.7 |
| Plant protection products | 76 | 111.7 | 0.1 | 2,0 | -1.1 |
| Animal feed | 212 | 125,0 | -0.8 | -2.9 | -12.2 |
| Veterinary expenses | 41 | 115.5 | -0.3 | 0.5 | 3.8 |
| Small equipment and tools | 10 | 126.1 | 0.1 | 0.4 | -5.6 |
| Maintenance of materials | 95 | 123.3 | 0.0 | 0.5 | 5.3 |
| Maintenance of buildings | 10 | 114.6 | 0.0 | 0.2 | 1.2 |
| Other goods and services | 62 | 109.8 | 0.0 | 0.2 | 2.6 |
| Goods and services contributing to investment | 257 | 120.9 | 0.2 | 1.3 | -0.1 |
| Material | 180 | 120.0 | 0.2 | 0.9 | 0.8 |
| Tractors | 76 | 116.7 | 0.3 | 0.8 | -0.1 |
| Machinery and equipment for cultivation | 35 | 119.8 | -0.2 | 1.7 | 1.4 |
| Machinery and equipment for harvesting | 40 | 122.9 | 0.5 | 0.7 | 0.6 |
| Utility vehicles | 18 | 121.7 | -0.2 | 0.2 | 2.6 |
| Buildings | 77 | 122.9 | 0.0 | 2.2 | -2.2 |
- (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 index of producer prices for agricultural products in April 2024 has been revised upwards by 0.1 percentage points to ‑6.2%, compared to the previous release. The year-on-year percentage change of the index of the purchase prices of inputs for agricultural production in April 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: 31 July 2024 at 12:00 pm.
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