“In October 2024, the purchase price of inputs for agricultural activity increases by 0.3% over one month, after -0.5% in September,” reports Agreste, the statistics department of the Ministry of Agriculture. Agriculture, in a note fromQuick info broadcast on December 11, 2024. This rebound interrupts the monthly downward dynamic observed since March.
On the other hand, the price of agricultural inputs remains down 5% between October 2023 and October 2024 (-5.8% compared to September 2024). Over two years, it shows a clear decline compared to the first months of the war in Ukraine (-14.4%). The price of inputs fell for all categories of farms year-on-year, more or less markedly. The decline remains clear in livestock farming, particularly for farms specializing in pigs (-5.8% over one year).
+ 3.4% for the price of GNR over one month
In October 2024, energy prices rebounded by 2% over one month (-1.9% in September) but fell by 15.1% over one year. “Over one month, the price of fuel increased by 3%, driven by the increase in non-road diesel (+3.4%), while the price of fuel fell slightly (-0.4%), and those of electricity are almost stable (+0.1%),” specifies the ministry.
Withdrawal of fertilizer and animal feed prices
Over the same period, the prices of fertilizers and amendments as well as those of animal feed fell significantly year-on-year but remained at high levels. If the price of fertilizers and amendments recovers by 1.1% over one month, it remains 8.3% lower than its 2023 level. “Over two years, the decline in the prices of fertilizers and amendments is even more marked : -44.1% in October 2024,” underlines Agreste.
As for the prices of animal feed, they show a slight drop of 0.3% between the months of September and October 2024. The drop is more marked year-on-year: -6.4% in October 2024, at a rate slightly less sustained compared to previous months (-7.2% year-on-year in September and -7.8% in August).
In detail, the price of feed for pigs fell by 6.4% over one year, that of feed for large cattle by 6.8% and that of feed for poultry by 4.6%.
