September 6, 2012
France's July farm production costs up 2.4%
As growers and livestock breeders paid more for energy and fuel, feed and fertiliser, France's farm-production costs rose by 2.4% in July.
France's Agriculture Ministry announced the general rise in costs incurred by French farmers based on agriculture-input indices. Among the tabulated and weighed indices were energy and lubricant, fertiliser, and animal feed.
According to Bloomberg, the cost of animal feed, with an index weight of about 25%, climbed by 2.7%.
"The price of animal feed continues to progress since February. Those for energy and lubricants again head up, after having declined during the second quarter," the ministry wrote.
Fertiliser too, accounting for 12% of farming costs, rose by 2.9%. Seeds and planting materials rose 3.5%, the ministry reported.