Bloomberg News

French Farm-Production Costs Rose 2.9% in May on Energy

July 02, 2012

French farm-production costs rose 2.9 percent in May from a year earlier on higher energy costs, the Agriculture Ministry said.

An index of agricultural-input costs averaged 132.1 points in May from 128.4 points a year earlier, the ministry reported today on its website.

Energy and lubricants make up about 11 percent of the index, and the cost jumped 11 percent, according to the report. The index for fertilizer, accounting for 12 percent of farming costs, rose 5.1 percent to 165.6 points, the ministry said.

Production costs for commodity crops, a subgroup of farming expenses, advanced 3.7 percent in May, while livestock and dairy producers’ costs rose 2.8 percent, the ministry said.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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