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Agricultural product prices kept increasing in France

Staff Writer |
In April 2017, agricultural product prices rose by 6.4% over one year, after +6.2 % in March. Excluding vegetables and fruits, they decreased by 0.3% over one month and went up by 7.1% over one year.

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In April 2017, cereal prices declined again (−2.7%, after −2.6% in March). The ample global supply weighed on prices. Similarly, oilseed prices continued to drop (−3.2% after −2.9%).

Rape price, the main oilseed grown in France, followed the fall in soy and palm oil prices, which rape can be used as a substitute for.

Forecasts have showed a record soy crop this year, while demand was sluggish for palm oil.

In April 2017, fresh vegetable prices decreased over one year (−3.8%). Demand barely kept up with the abundant supply of lettuces and caulyflowers boosted by good weather conditions.

Conversely, tomato price remained high in this period of the year: the greenhouse production started lower than last year. Fresh fruit prices remained dynamic over one year (+4,9%).

Because of the weak yields in North-Western Europe during the last production campaign, potato prices remained higher than a year ago (+26.7%).

Wine prices declined by 0.6% over one year reflecting the fall (−9.0%) in prices of wines without protected designation of origin (“other wines”), which underwent Spanish competition.

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