Meat MO Economic Board -

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Meat Market Observatory Last update : 23.03.

1 Meat Market Observatory Last update : Meat MO Economic Board - 16 March 2017 o The 3 rd meeting of the Economic Board of the Meat Market Observatory (Meat MO) took place on 16 March 2017, with the participation of experts from the various steps in the meat supply chain. o o o o To explicit the factual basis on which the Observatory is operating, DG AGRI services provided a presentation on data sourcing and market transparency (See Annex I) and presented a pilot project for a new web portal on prices, production and export data. Views were exchanged on the use of available data and on the possibilities to improve market transparency along the supply chain. Sound data on consumption and wholesale prices for meat were identified as the most important data need. The exchange of views on the beef and veal and pigmeat market situation was based on factual presentations by DG AGRI (see Annexes II and III). For pigmeat, discussions showed a moderate optimism. The domestic market supports reasonable prices and the exceptionally good export performance contributes to producers' price recovery and a re-balancing of the market. Low feed costs and a favourable exchange rate had also a positive impact on the sector. o Concerns relate to the high dependence on exports to China. o o o Diversifying export markets remains a priority for the EU pigmeat sector. For beef and veal, discussions showed that the EU beef market seems to be regaining balance following a very difficult year However pressure on producer prices remains and a considerable number of EU producers are facing serious financial difficulties. The current and future evolution of internal EU consumption and the impact of FTAs and Brexit are matters of major concern. Positive aspects are relatively low feed costs and good export performance. Exports of live bovines are essential for internal market balance. o Eurocommerce provided a presentation (See Annex IV) on trends in sales of meat products from a retail perspective. o o o Overall, exports are being essential to keep the market balanced. Efforts to gain and improve market access must continue. Overall, the members of the Economic Board expressed growing concern on declining trends in meat consumption. That poses a major challenge for the future of the sector. The next meeting of the Meat MO Economic Board is scheduled for 13 June 2017.

2 Annex I

3 DATA SOURCING FOR IMPROVED MARKET TRANSPARENCY Meat Market Observatory Economic Board Meeting 16 March 2016

4 Reflexion and exchange of views on: Data available Data gaps Suggestions for: possible options to address current data gaps increase transparency and provide additional information tools to supply chain actors

5 Data currently available and used Producer's prices Producer's production data Trade data

9 Main data gaps in key market indicators Consumption data Price indicators in processing, wholesale and retail stages Production in processing, wholesale and retail stages

10 The future? Example: Agricultural Markets Task Force recommendations What can we do now? Inventory of existing data sources (and assess appropriateness ) Improve dissemination Elaborate consensuated indicators with existing data Any other ideas?

11 Existing data sources Consumption: Official EU data: Eurostat-Consumption expenditure of private households (hbs_str_t221) Balance sheets (outlooks, etc ) Production: Official EU data: Eurostat-Production in industry - monthly data (sts_inpr_m) Prices Official EU data: Eurostat-Producer prices in industry, total - monthly data (sts_inpp_m), Food Price Monitoring Tool (FPMT)

12 Existing data sources Other?: National data: ex, France AgriMer, Food Prices Observatory in Spain Private data: consultants Sectorial data

13 Existing data sources Production and consumption: of very limited use because different reasons (outdated datasets, not enough detail, etc Prices: potential use of: FPMT National Observatories (FR and ES)

2015M01 2015M02 2015M03 2015M04 2015M05 2015M06 2015M07 2015M08 2015M09 2015M10 2015M11 2015M12 2016M01 2016M02 2016M03 2016M04 2016M05 2016M06 2016M07 2016M08 2016M09 2016M10

14 2015M M M M M M M M M M M M M M M M M M M M M M M M M01 Food Price Monitoring Tool (FPMT) Example of data use: 105 Consumer Price Index (EUROSTAT FPMT) Beef and veal Pork Index, 2010=

15 Example: FranceAgriMer (FR) Example of data use: 20,00 18,00 16,00 14,00 12,00 10,00 8,00 6,00 4,00 2,00 0,00 Gros: Gros Bovins (carcasse) Gros: Découpe viande Détail: Discount Détail: GMS

Example: Observatorio de Precios de los Alimentos (ES) Example of data use: 18,00 16,00 14,00 12,00 10,00 8,00 Precio origen: Ternera de 1ª A Precio destino: Ternera de 1ª A 6,00 4,00 2,00 0,00 S S S

16 Example: Observatorio de Precios de los Alimentos (ES) Example of data use: 18,00 16,00 14,00 12,00 10,00 8,00 Precio origen: Ternera de 1ª A Precio destino: Ternera de 1ª A 6,00 4,00 2,00 0,00 S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S S

17 Happy to discuss

18 Annex II

19 PIGMEAT MARKET SITUATION Meat Market Observatory Economic Board Meeting 16 March 2017

20 EXCHANGE RATE INDEX/EURO Index of daily exchange rates of the main trading partners compared to the Euro (02/01/14 = 100) US Dollar Brazilian Real Canadian Dollar Russian Rouble Chinese Yuan DG AGRI G3 16 Mars 2017

21 Feed costs

22 $ / tonne FEED COSTS World cereal prices ($/t) Wheat - US SRW Gulf $ 195 Wheat - FR Cl. 1 Rouen $ 192 Wheat - Black Sea Milling $ 191 Maize - FR Bordeaux $ 179 Maize - US 3YC Gulf $ 172 Barley-FR Dlvd Rouen feed $ 156 DG AGRI G3 16 Mars 2017

23 $ / tonne Soyabeans export prices $/ton (fob) US 2Y Gulf - $ 413 Brazil Paranagua - $ 409 Argentina Up River - $ 403 Ukraine - $ DG AGRI G3 16 Mars 2017

24 $/tonne Soyameal world quotations $/ton Brazil Paranagua US Gulf Argentina Up River Source: IGC May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 DG AGRI G3 16 Mars 2017

25 In Euros R E M A I N D E R P I G EU E V O L U T I O N Remainder for pig fattening I 2012 I 2013 I 2014 I 2015 I 2016 I Remainder Cost of piglet Feed cost Pig carcass price Average remainder DG AGRI G3 16 Mars 2017

In Euros R E M A I N D E R P I G EU E V O L U T I O N Remainder for pig fattening 180 160 140 120 100 80 60 40 20 0 41 42 45 53 53 57 61 54

26 In Euros R E M A I N D E R P I G EU E V O L U T I O N Remainder for pig fattening Remainder Cost of piglet Feed cost Pig carcass price Average remainder DG AGRI G3 16 Mars 2017

27 Production

1000 heads S U R V E Y IN HEADS Pig population Livestock survey December 2016 45 000 40 000 35 000 2015 = 148 716 Mio 2016 = 147 353 Mio (- 0.

28 1000 heads S U R V E Y IN HEADS Pig population Livestock survey December = Mio 2016 = Mio (- 0.9%) Piglets, less than 20 kg Pigs, from 20 kg to less than 50 kg Breeding sows Covered Sows Sows covered for the first time Fattening pigs, from 50 kg to less than 80 kg Source: Eurostat DG AGRI G3 16 Mars 2017

29 S U R V E Y IN HEADS 2012 Live swine, domestic species LIVESTOCK SURVEY DECEMBER 2016 ('000 heads) Piglets, less than 20 kg Pigs, from 20 kg to less than 50 kg Breeding sows Covered Sows Sows covered for the first time Fattening pigs, from 50 kg to less than 80 kg / % - 0.3% + 0.9% - 2.0% - 2.2% - 6.5% + 0.2% 2016/ % - 1.2% - 2.3% - 1.6% - 1.5% + 2.4% - 1.1% DG AGRI G3 16 Mars 2017

S U R V E Y IN HEADS Change in pig population Livestock survey December 2016 compared to December 2015 Fattening pigs, from 50 kg to less than 80 kg - 1.1% Sows covered for the first time + 2.

30 S U R V E Y IN HEADS Change in pig population Livestock survey December 2016 compared to December 2015 Fattening pigs, from 50 kg to less than 80 kg - 1.1% Sows covered for the first time + 2.4% Covered Sows Breeding sows - 1.5% - 1.6% Pigs, from 20 kg to less than 50 kg - 2.3% Piglets, less than 20 kg Live swine, domestic species - 1.2% - 0.9% - 3.0% - 2.0% - 1.0% + 0.0% + 1.0% + 2.0% + 3.0% Source: Eurostat DG AGRI G3 16 Mars 2017

P R O D U C T I O N IN HEADS By quarter Change in EU pigmeat slaughter (2016 forecast based on GIP and experts estimations) + 4% + 2% + 0% - 2% - 4% - 6% Q1 Q2 Q3 Q4 2013 2014 2015 Experts 2016 over

31 P R O D U C T I O N IN HEADS By quarter Change in EU pigmeat slaughter (2016 forecast based on GIP and experts estimations) + 4% + 2% + 0% - 2% - 4% - 6% Q1 Q2 Q3 Q Experts 2016 over GIP 2015 R.Sla ughte r / R.Sla ughte r Expe rts GIP / GIP Q1-1.6% + 0.3% + 5.0% + 0.1% + 0.3% Q % - 1.3% + 3.4% + 2.5% + 0.7% Q % + 2.3% + 1.3% + 0.5% - 0.3% Q % + 2.2% + 1.3% - 0.5% - 2.9% EU_ % + 0.9% + 2.7% + 0.6% - 0.6% DG AGRI G3 16 Mars 2017

P R O D U C T I O N IN HEADS By quarter Change in EU pigmeat slaughter (2017 forecast based on GIP and experts estimations) + 4% + 2% + 0% - 2% - 4% - 6% Q1 Q2 Q3 Q4 2014 2015 2016 Experts 2017f over

32 P R O D U C T I O N IN HEADS By quarter Change in EU pigmeat slaughter (2017 forecast based on GIP and experts estimations) + 4% + 2% + 0% - 2% - 4% - 6% Q1 Q2 Q3 Q Experts 2017f over GIP 2016 R.Sla ughte r / R.Sla ughte r Expe rts GIP / GIP Q % + 5.0% + 0.1% - 1.4% Q2-1.3% + 3.4% + 2.5% - 0.0% Q % + 1.3% + 0.5% - 1.0% Q % + 1.3% - 0.5% - 1.3% EU_ % + 2.7% + 0.6% - 1.0% DG AGRI G3 16 Mars 2017

61 862 64 943 64 631 65 002 64 494 59 808 61 832 62 401 63 384 62 809 61 659 62 492 63 402 62 820 63 161 65

based on GIP and experts estimations) ('000 heads) 60 000 50 000 40 000 30 000 20 000 10 000 0 Pigmeat Q1

33 P R O D U C T I O N IN HEADS By quarter EU pigmeat slaughter (2016 forecast based on GIP and experts estimations) ('000 heads) Pigmeat Q1 Pigmeat Q2 Pigmeat Q3 Pigmeat Q Experts 2016 Real slaughter 2016 Experts 2017f DG AGRI G3 16 Mars 2017

34 P R O D U C T I O N IN HEADS By quarter 2017 (In 1000 heads) REAL SLAUGHTER by year Experts 2017f Real slaughter 2017 Eurostat GIP 2016 Pigmeat Q Pigmeat Q Pigmeat Q Pigmeat Q EU_ Experts 2017f over GIP 2016 Experts 2017f over Real Slaughter 2017 Q1-1.6% + 0.3% + 5.0% + 0.1% - 1.4% % Q % - 1.3% + 3.4% + 2.5% - 0.0% % Q % + 2.3% + 1.3% + 0.5% - 1.0% % Q % + 2.2% + 1.3% - 1.5% - 1.3% EU_ % + 0.9% + 2.7% + 0.4% - 1.0% DG AGRI G3 16 Mars 2017

245 998 246 571 248 726 255 544 257 157 P R O D U C T I O N IN HEADS By Year EU pig slaughter by year ('000 heads) 270 000 +

35 P R O D U C T I O N IN HEADS By Year EU pig slaughter by year ('000 heads) % Source: Eurostat DG AGRI G3 16 Mars 2017

2% P R O D U C T I O N IN HEADS Change in Pig Slaughter ('000 heads) 2016/2015 (up to Dec) 13% 8%

36 -9.6% -8.5% -7.3% -5.9% -2.6% -3.2% -3.4% -1.3% -1.5% 0.0% -0.1% -0.3% 1.2% 1.2% 0.6% 0.6% 0.1% 0.6% 3.5% 2.9% 2.8% 2.5% 6.1% 5.7% 4.9% 4.8% 8.9% 8.3% 8.2% P R O D U C T I O N IN HEADS Change in Pig Slaughter ('000 heads) 2016/2015 (up to Dec) 13% 8% 3% -2% -7% Source= Eurostat -12% LU BG SI SK LV HU IT HR ES IE PL UK PT NL FR FI DE RO CY SE EE DK CZ AT BE GR LT MT EU 28 DG AGRI G3 16 Mars 2017

37 -11.5% -8.8% -5.7% -3.1% -3.2% -0.1% -1.0% -2.0% 4.2% 3.9% 3.9% 3.0% 2.3% 2.3% 2.0% 1.1% 1.1% 1.0% 0.9% 0.2% 0.1% 1.2% 6.8% 6.2% 5.5% 8.2% 9.5% 12.1% 11.9% P R O D U C T I O N IN TONNES 15% Change in Pig Slaughter ('000 tonnes) 2016/2015 (up to Dec) 10% 5% 0% -5% -10% Source= Eurostat -15% LU SI HR BG SK LV HU ES IT GR PL UK IE RO NL CY FR EE SE DE PT FI DK AT CZ BE LT MT EU 28 DG AGRI G3 16 Mars 2017

P R O D U C T I O N IN TONNES Pig Production (E28 Slaughtering) - Tonnes 2 500 2014 2015 2016 2 000 1 500

38 P R O D U C T I O N IN TONNES Pig Production (E28 Slaughtering) - Tonnes Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source - Estat-Newcronos DG AGRI G3 16 Mars 2017

39 Prices

40 EU Prices /100 kg carcass weight P I G P R I C E S EU E V O L U T I O N EU Prices 10 Evolution since last week Evolution since last month Evolution since last year Average (S-E) % + 2.5% % Class S % Class E % Piglet 54.8 /head + 1.1% + 3.0% + 1.7% + 3.0% % % % DG AGRI G3 16 Mars 2017

41 P R I C E S C A R C A S E S E U E V O L U T I O N AVERAGE CLASSES S & E EU evolution of the EU pig carcase prices ( / 100kg/cw) Latest price (Week 10) : EUR/100 kg/cw Average (12-16) DG AGRI G3 16 Mars 2017

42 BE BG CZ DK DE EE IE GR ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU P R I C E S C A R C A S E S EU E V O L U T I O N MONTHLY PRICES CLASS E Class E (monthly prices) ( /100 kg) Feb-2016 Feb-2017 DG AGRI G3 16 Mars 2017

BE CZ DK DE EE IE GR ES FR HR LV LT LU HU MT

/100 kg) 250.00 200.00 150.00 100.00 50.00 0.

43 BE CZ DK DE EE IE GR ES FR HR LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK EU P R I C E S C A R C A S E S EU E V O L U T I O N MONTHLY PRICES CLASS S Class S (monthly prices) ( /100 kg) Feb-2016 Feb-2017 DG AGRI G3 16 Mars 2017

44 P R I C E S C A R C A S E S EU E V O L U T I O N MONTHLY PRICES CLASS R Class R (monthly prices) ( /100 kg) EE ES IT LV LT LU MT SK FI UK EU Feb-2016 Feb-2017 DG AGRI G3 16 Mars 2017

P R I C E S P I G L E T S EU E V O L U T I O N EU evolution of the EU average piglet prices ( /head) Latest price (Week 10) : 54.

45 P R I C E S P I G L E T S EU E V O L U T I O N EU evolution of the EU average piglet prices ( /head) Latest price (Week 10) : EUR/head 60 Evolution compared same period last year (Week 10) : % Average (12-16) Piglet Piglet Piglet DG AGRI G3 16 Mars 2017

W O R L D P I G M A R K E T PIG PRICES EU, BR, CAN, US World weekly

prices grade E <55% lean meat. As from 1.1.2014 42% class E and 58%S.

46 W O R L D P I G M A R K E T PIG PRICES EU, BR, CAN, US World weekly average Pig prices in Euro/ 100kg carcase (EU, Brazil, Canada and USA) EU US BR CAN EU = weighted avg of MS prices grade E <55% lean meat. As from % class E and 58%S. US = weekly USDA prices carcase lean hogs Iowa-Minn lb (Feedstuffs.com) BR = average of minimum prices in main producing states (cepea.esalq.usp.br/suino) CDN= Ontario Dressed weight FOBas from dec 2010, before Index 100 (agr.gc.ca) DG AGRI G3 16 Mars 2017

47 /100 kg PRICE FORECAST CLASS S Development of the EU average price for pig carcasses - Class S Class S Class S Class S f Class S Class S Class S f Quarter I Quarter II Quarter III Quarter IV DG AGRI G3 16 Mars 2017

48 /100 kg PRICE FORECAST CLASS E Development of the EU average price for pig carcasses - Class E Class E Class E Class E f Class E Class E Class E f Quarter I Quarter II Quarter III Quarter IV DG AGRI G3 16 Mars 2017

49 /100 kg PRICE FORECAST CLASS R Development of the EU average price for pig carcasses - Class R Class R Class R Class R f Class R Class R Class R f Quarter I Quarter II Quarter III Quarter IV DG AGRI G3 16 Mars 2017

50 Trade

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Jan-Jan 17 46 135 59 720 71 937 51 641 63 800 55 918 56 077 54 499 72 276 22 612 21 730

51 Jan-Jan Tonnes carcase weight T R A D E EU T R A D E B A L A N C E EU trade of PIG products IMPORTS EXPORTS EU Trade of PIG products DG AGRI G3 16 Mars 2017

52 T R A D E EU I M P O R T S P i g P r o d u c t s IMPORT EU imports of selected PIG products Trade figures (COMEXT tonnes carcass weight) Jan-Dec 16 Compared tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Dec 15 Sw itzerland % % % % % 10% Chile % % % % % 2% Norw ay % % % % % -15% USA % % % % % -3% Other % % % % % Extra-EU % change - 7% + 2% - 6% - 0.9% DG AGRI G3 16 Mars 2017

53 T R A D E EU I M P O R T S P i g P r o d u c t s EU imports of selected PIG products Trade figures (COMEXT tonnes carcass weight) IMPORTS of PIG Meat into EU-28 (Tonnes c. weight) IMPORTS of PIG Meat into EU-28 (1000 EUR) Jan-Dec 14 Jan-Dec 15 Jan-Dec Jan-Dec 14 Jan-Dec 15 Jan-Dec Switzerland Chile Norway USA Thailand Other origins Switzerland Chile Norway USA Thailand Other origins DG AGRI G3 16 Mars 2017

54 T R A D E EU I M P O R T S P i g P r o d u c t s Imports of selected PIG products in Tonnes (carcase weight) Jan Jan Jan FRESH FROZEN FAT OTHERS DG AGRI G3 16 Mars 2017

Japan Russia (up to Nov) Canada Australia Japan Russia (up to Nov) Canada Australia South Korea Mexico (up to Nov) United States South Korea United States Mexico (up to Nov) China + H.

55 Japan Russia (up to Nov) Canada Australia Japan Russia (up to Nov) Canada Australia South Korea Mexico (up to Nov) United States South Korea United States Mexico (up to Nov) China + H. Kong Qty in 1000 Tonnes China + H. Kong W O R L D P I G M A R K E T PIG MAIN IMPORTERS Main Importers of PIG Products (up to December) Source : GTA 2015 (up to December) 2016 (up to December) Excl. Live animals 0 DG AGRI G3 16 Mars 2017

56 T R A D E E U E X P O R T S P i g P r o d u c t s EU exports of selected PIG products: Trade figures (COMEXT tonnes carcass weight) Jan-Dec 16 Compared to tonnes % tonnes % tonnes % tonnes % tonnes % Jan-Dec 15 China % % % % % + 63% Japan % % % % % + 10% Hong Kong % % % % % + 24% South Korea % % % % % + 7% Philippines % % % % % + 12% USA % % % % % + 11% Australia % % % % % - 3% Ukraine % % % % % - 22% Vietnam % % % % % + 40% Taiw an % % % % % - 11% Serbia % % % % % - 13% Singapore % % % % % - 2% Other % % % % % Extra-EU % change - 0% - 6% + 11% % DG AGRI G3 16 Mars 2017

57 T R A D E EU E X P O R T S P i g P r o d u c t s EU exports of selected PIG products Trade figures (COMEXT tonnes carcass weight) EU-28 EXPORTS of PIG Meat (Tonnes carc. weight) Jan-Dec 14 Jan-Dec 15 Jan-Dec Tons (cw). EU-28 EXPORTS of PIG Meat (1000 EUR) Jan-Dec 14 Jan-Dec 15 Jan-Dec in 1,000 EUR. China Japan Hong Kong South Korea Philippines Other destinations China Japan Hong Kong South Korea Philippines Other destinations DG AGRI G3 16 Mars 2017

58 Information South Korea applying agricultural safeguard clause South Korea has the possibility to apply the agricultural safeguard clause as provided by Article 3.6 of the EU South Korea Free Trade Agreement in the form of a higher import duty on an originating agricultural good listed in its Schedule in Annex 3 if the aggregate volume of imports of that good in any year exceed a trigger volume set out in the same Annex; South Korea notified the EU that as of 20 February 2017 the agricultural safeguard clause is applied; The concerned tariff lines are (HSK 2017): and , chilled pork meat; Trigger level: tonnes, exceeded already on 17 January 2017; The tariff will rise from 10,2% to 22,5% - this concerns 5 th FTA year (1 July June 2017). DG AGRI G3 16 Mars 2017

T R A D E EU E X P O R T S P i g P r o d u c t s EU Exports of selected PIG products in Tonnes (carcase weight) 450 000 400 000 350 000 300

59 T R A D E EU E X P O R T S P i g P r o d u c t s EU Exports of selected PIG products in Tonnes (carcase weight) Jan Jan Jan FRESH FROZEN FAT LIVE ANIMALS OTHERS DG AGRI G3 16 Mars 2017

60 W O R L D P I G M A R K E T EU PIG E X P O R T S T O C H I N A Full year 2016 Main EU MS exporting pigmeat to China (In tonnes CW) United Kingdom % Others % Germany % Ireland % France % Spain % Netherlands % Denmark % Germany Spain Denmark Netherlands France Ireland United Kingdom Others DG AGRI G3 16 Mars 2017

61 Canada China + H. Kong Brazil Mexico (up to Nov) Chile (up to Jul) Russia (up to Nov) Canada China + H. Kong Brazil Mexico (up to Nov) Chile (up to Jul) Russia (up to Nov) Qty in 1000 Tonnes United States EU United States EU W O R L D P I G M A R K E T PIG MAIN EXPORTERS Main Exporters of PIG Products (up to December) Source : GTA 2015 (up to December) 2016 (up to December) Excl. Live animals 0 DG AGRI G3 16 Mars 2017

62 Follow market updates via the Meat Market Observatory > Pigmeat DG AGRI G3 16 Mars 2017

63 Annex III

64 BEEF & VEAL MARKET SITUATION Meat Market Observatory Economic Board Meeting 16 March 2017

65 L I V E S T O C K JUNE SURVEY EU E V O L U T I O N T O T A L B O V I N E May/Jun %Var %Var %Var %Var TOT LIVESTOCK BOVINE < 1 Year BOVINE 1-2 Year BOVINE > 2 Year Hd BE % % % % BG CZ DK % % % % DE % % % % EE IE % % % % EL ES % % % % FR % % % % HR IT % % % % CY LV LT LU HU MT NL % % % % AT % % % % PL % % % % PT RO % % % % SI SK FI SE % % % % UK % % % % EU % % % % Source : EStat Newcronos EU %Var is calculated considering only countries available in 2015 AND March 2017

66 L I V E S T O C K JUNE SURVEY EU E V O L U T I O N T O T A L B O V I N E May/Jun %Var %Var %Var TOTAL COWS DAIRY COWS OTHER COWS Hd March 2017 BE % % % BG CZ DK % % % DE % % % EE IE % % % EL ES % % % FR % % % HR IT % % % CY LV LT LU HU MT NL % % % AT % % % PL % % % PT RO % % % SI SK FI SE % % % UK % idem % EU % % % Source : EStat Newcronos EU %Var is calculated considering only countries available in 2015 AND 2016

67 L I V E S T O C K DECEMBER SURVEY EU E V O L U T I O N T O T A L B O V I N E Dec %Var %Var %Var %Var TOTAL LIVESTOCK BOVINE < 1 Year BOVINE 1-2 Year BOVINE > 2 Year Hd BE % % % % BG % % % % CZ % % % % DK % % % % DE % % % % EE % % % % IE % % % % EL % % % % ES % % % % FR % % % % HR % % % idem IT % % % % CY LV % % % % LT % % % % LU % % % % HU % % % % MT % % % % NL % % % % AT % % % % PL % % % % PT % % % % RO % % % % SI % % % % SK % % % % FI % % % % SE % % % % UK % % % % EU % % % % Source : EStat Newcronos EU %Var is calculated considering only countries available in 2015 AND March 2017

L I V E S T O C K DECEMBER SURVEY EU E V O L U T I O N C O W S Dec %Var %Var %Var TOTAL COWS DAIRY COWS OTHER COWS 2016 2016 2016 1000 Hd 2013 2014 2015 2016 2015 2013 2014 2015 2016 2015 2013 2014

68 L I V E S T O C K DECEMBER SURVEY EU E V O L U T I O N C O W S Dec %Var %Var %Var TOTAL COWS DAIRY COWS OTHER COWS Hd BE % % % BG % % % CZ % % % DK % % % DE % % % EE % % % IE % % % EL % % % ES % % % FR % % % HR % % % IT % % % CY LV % % % LT % % % LU % % % HU % % % MT % % % NL % % % AT % % % PL % % % PT % % % RO % % % SI % % % SK % % % FI % % % SE % % % UK % % % EU % % % Source : EStat Newcronos EU %Var is calculated considering only countries available in 2015 AND March 2017

69 -11.9% -3.2% -4.2% -5.1% -1.2% -0.9% +1.3% +0.2% +1.8% +1.7% +0.7% +4.4% +4.6% +4.8% +4.3% +4.9% +3.8% +5.7% +4.3% +4.4% +7.6% +8.0% +7.0% +6.1% +5.1% +10.6% +13.4% P R O D U C T I O N % E V O L U T I O N H E A D S HEADS Jan-Dec 15/16 EU15 EU % EU : + 3.1% + 20 % Bull -1.7% -1.2% Bullock +0.7% +0.7% + 10 % + 10 % Cow +6.1% +7.0% 0% 0% Heifer +5.5% +6.0% Calve +2.4% +2.3% - 10 % - 10 % Young cattle +0.9% +1.6% Meat of bovine +2.6% +3.1% - 20 % - 20 % animals BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK Estimates for last month of period : UK Source : EStat - Newcronos 13 March 2017

70 -8.4% -4.2% -4.2% -1.8% -0.6% +0.8% +3.9% +1.9% +0.7% +5.3% +4.3% +2.7% +1.8% +5.1% +3.9% +2.3% +1.8% +0.7% +3.2% +7.3% +6.4% +8.5% +6.5% +6.2% +10.6% +25.9% +29.4% P R O D U C T I O N % E V O L U T I O N T O N N E S TONNES Jan-Dec 15/16 EU15 EU % EU : + 2.6% + 40 % Bull -1.5% -0.9% + 30 % + 30 % Bullock +0.8% +0.8% + 20 % + 20 % Cow +5.1% +5.8% + 10 % + 10 % Heifer +4.5% +5.0% Calve +3.1% +3.1% 0% 0% Young cattle +1.0% +2.0% - 10 % - 10 % Meat of bovine +2.1% +2.6% - 20 % - 20 % animals BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK Estimates for last month of period : UK Source : EStat - Newcronos 13 March 2017

71 1.000 Tonnes P R O D U C T I O N H I S T O R I C T O N N E S Beef & Veal Production (E28 Slaughtering) - Tonnes Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source : EStat-Newcronos 13 March 2017

Live Animals /kg /head Carcasse /100 kg P R I C E S C A R C A S S E S Dashboard EU Prices week 9 Evolution since last week Evolution since last month Evolution since last year Average A/C/Z -R3 374.

72 Live Animals /kg /head Carcasse /100 kg P R I C E S C A R C A S S E S Dashboard EU Prices week 9 Evolution since last week Evolution since last month Evolution since last year Average A/C/Z -R % - 0.4% - 0.7% Young Bovines (Z) % - 1.7% - 0.3% Young Bulls (A) % - 0.4% - 0.4% Steers (C) % - 0.1% - 2.5% Cows (D) % + 1.5% + 1.1% Heifers (E) % + 0.2% - 0.1% Male Calves Dairy Type % + 9.9% + 9.2% Male Calves Beef Type % - 2.3% - 0.1% Young Store Cattle % + 1.4% + 0.3% Yearling Male Store Cattle % + 0.9% - 0.4% Yearling Female Store Cattle % + 0.6% + 0.8% Calves slaughtered <8M / % - 2.4% - 2.8% Sources : MSs notifications (Regulation (EC) 1249/2008 and 807/ March 2017

73 P R I C E S C A R C A S S E S EU E V O L U T I O N A / C / Z. R3 ACZ - R 3 > Wk % of Reference Price 190% /100 kg cwe % % % % % % Source : Member States ACZ - R 3 > Wk Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg Price in week 09 : Average price in February 2017 : % change y/y : - 0.7% % change y/y : - 3.4% % Ref. Price in wk 9 : 168.2% March 2017

74 P R I C E S C A R C A S S E S EU E V O L U T I O N A / C / Z. R3 / 100 kg EU Beef prices ACZ - R Feb 17 vs Feb Feb-16 Feb Reference price March 2017 SE GR GB NI IT FI SP LU DE IE EU AT PT DK HR BE SI FR CZ SK PL EE NL LT RO LV HU

75 P R I C E S C A R C A S S E S EU E V O L U T I O N Y O U N G B U L L A.R3 Young Bovines A - R 3 > Wk Source : Member States Young Bovines A - R 3 > Wk.09- Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg Price in week 09 : Average price in February 2017 : % change y/y : - 0.5% % change y/y : - 1.4% 13 March 2017

76 P R I C E S C A R C A S S E S E.U. E V O L U T I O N Y O U N G BOVINE 8-12M Z.R3 In / 100 kg 400 Young Bovines 8-12m Z - R 3 > Wk Source : Member States 300 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Price in week 09 : Average price in February 2017 : % change y/y : + 0.8% % change y/y : + 3.6% 13 March 2017

77 P R I C E S C A R C A S S E S E.U. E V O L U T I O N S T E E R C.R3 Bullocks C - R 3 > Wk Source : Member States Bullocks C - R 3 > Wk Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg Price in week 09 : Average price in February 2017 : % change y/y : - 1.8% % change y/y : - 8.4% March 2017

78 P R I C E S C A R C A S S E S E.U. E V O L U T I O N C O W D.O3 Cows D - O 3 > Wk Source : Member States Cows D - O 3 > Wk.09- Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg March 2017 Price in week 09 : Average price in February 2017 : % change y/y : + 1.1% % change y/y : - 3.5%

79 P R I C E S C A R C A S S E S EU E V O L U T I O N H E I F E R E.R3 Heifers E - R 3 > Wk Source : Member States Heifers E - R 3 > Wk.09- Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg Price in week 09 : Average price in February 2017 : % change y/y : - 0.1% % change y/y : - 4.1% March 2017

P R I C E S C A R C A S S E S EU E V O L U T I O N All CAT GLOBAL VIEW 450 400 350 Z R3 A R3 C R3

80 P R I C E S C A R C A S S E S EU E V O L U T I O N All CAT GLOBAL VIEW Z R3 A R3 C R3 D O3 E R Source : Member States 200 Last Update : Week March 2017

81 P R I C E S L I V E B O V I N E S EU E V O L U T I O N STORE CATTLE Store cattle ( /100 kg live weight) 70 Young Store Cattle Prices Young Store Cattle Yearling Male Store Cattle Yearling Female Store Cattle 13 March 2017 Young Store Cattle Price in Week Yearling Male Store Cattle Price 2.33 Change y/y +0.25% Change y/y -0.45% Yearling Female Store Cattle Price 2.34 Change y/y +0.76%

82 P R I C E S L I V E B O V I N E S EU E V O L U T I O N Male Calves 8D4W Male calves aged between 8 days and 4 weeks ( /head) Male Rearing Calves Prices Male Calves Dairy Type Male Calves Beef Type Male Rearing Calves Beef type Male Rearing Calves Dairy type Price in Week Price in Week Change y/y -0.28% Change y/y +3.19% 13 March 2017

83 P R I C E S L I V E B O V I N E S EU E V O L U T I O N Butcher Calves Calves slaughtered before the age of less than 8 months ( /100 kg cw) 560 Calves Slaughtered before the Age of 8 Months Price in Week / 100 kg of carcasse weight Change y/y -2.81% 13 March 2017

84 / 100 kg REMAINDERS 400 Remainder for dairy calves fattening March 2017 Remainder Cost animal purchase Cost main feed ingredients AO2 carcass price Average remainder

85 / 100 kg REMAINDERS 450 Remainder for beef type calves fattening Remainder Cost animal purchase Cost main feed ingredients AR3 carcass price Average remainder 13 March 2017

86 /100Kg REMAINDERS 450 Remainder for young store cattle fattening Remainder Cost animal purchase Cost main feed ingredients AR3 carcass price Average remainder 13 March 2017

87 T R A D E EU E X P O R T S Beef & Live Animals Destinations 13 March 2017 EU exports of beef and live animals (1): Trade figures (COMEXT tonnes cwe) Jan-Dec 16 Compared tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Dec 15 Turkey % % % % % % Hong Kong % % % % % % Lebanon % % % % % - 6.4% Israel % % % % % % Bosnia-Herz % % % % % - 2.5% Ivory Coast % % % % % + 2.8% Ghana % % % % % - 5.3% Libya % % % % % % Switzerland % % % % % - 1.3% Algeria % % % % % % Philippines % % % % % % Vietnam % % % % % % Norway % % % % % - 3.9% Russia % % % % % % Egypt % % % % % % Angola % % % % % % For.JRep.Mac % % % % % - 6.2% Other Destinations % % % % % Extra-EU % change - 13% + 24% + 7% %

88 Tonnes cw Tonnes cw T R A D E EU E X P O R T S Beef & Live Animals EU exports of beef and live animals: Trade figures (COMEXT) EU EXPORTS of Beef & Veal (Tonnes cwe) EU EXPORTS of Beef & Veal (1000 EUR) Jan-Dec 14 Jan-Dec 15 Jan-Dec Jan-Dec 14 Jan-Dec 15 Jan-Dec Turkey Hong Kong Lebanon Israel Other destinations Series12 Turkey Hong Kong Lebanon Israel Other destinations Series12 13 March 2017

89 in Tonnes cwe T R A D E EU E X P O R T S B e e f P r o d u c t s EU-28 Exports of BEEF products Jan Jan Jan LIVE ANIMALS FRESH FROZEN PREPARED OTHERS 13 March 2017

Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15 Jan 16 Feb 16 Mar 16 Apr 16 May

90 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15 Jan 16 Feb 16 Mar 16 Apr 16 May 16 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec 16 T R A D E EU E X P O R T S B e e f t o T U R K E Y EU beef Exports to TURKEY Trade figures (COMEXT data) tonnes cwe Fresh Bovine "Compensated" quarters Fresh Bovine (un)-separated Forequarters Fresh Bovine (un)-separated Hindquarters Live Animals TOTAL March 2017

T R A D E EU E X P O R T S B e e f t o R U S S I A EU beef Exports to RUSSIA Trade figures (COMEXT data) tonnes cwe 16 000

91 T R A D E EU E X P O R T S B e e f t o R U S S I A EU beef Exports to RUSSIA Trade figures (COMEXT data) tonnes cwe Live animals Fresh Bovine meat Frozen Bovine meat TOTAL Beef Offals March 2017

4 291 4 583 4 892 3 937 5 428 4 338 4 638 3 425 1 330 4 343 4 541 3 669 3 461 886 5 060 2 939. 6 348 5 591 481 3 804. 3 603. 4 328. 1 945 6 261 3 769. 3 414. 3 155. 4 561.

92 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct 14 Nov 14 Dec 14 Jan 15 Feb 15 Mar 15 Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15 Dec 15 Jan 16 Feb 16 Mar 16 Apr 16 May 16 Jun 16 Jul 16 Aug 16 Sep 16 Oct 16 Nov 16 Dec Tonnes CWE T R A D E EU E X P O R T S L i v e A n i m a l s EU-28 Exports of LIVE Bovine Animals (Source COMEXT - Tonnes cwe) Turkey Algeria Lebanon Other March 2017

Numbetr of heads Thousand euros T R A D E EU E X P O R T S L i v e A n i m a l s EU Exports of BEEF live animals by partner for the period Jan-Dec 2016 1 200 000 EU Exports of BEEF live animals by

93 Numbetr of heads Thousand euros T R A D E EU E X P O R T S L i v e A n i m a l s EU Exports of BEEF live animals by partner for the period Jan-Dec EU Exports of BEEF live animals by partner for the period Jan-Dec Turkey Lebanon Israel Libya Bosnia-Herz. Algeria Other Turkey Lebanon Israel Libya Bosnia-Herz. Algeria Other 0 13 March 2017

94 T R A D E EU I M P O R T S Beef & Live Animals EU imports of beef and live animals (1): Trade figures (COMEXT tonnes cwe) Origins Jan-Dec 16 Compared tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Dec 15 Brazil % % % % % + 2.8% Uruguay % % % % % % Argentina % % % % % + 3.2% Australia % % % % % % USA % % % % % % Namibia % % % % % % New Zealand % % % % % % Botswana % % % % % + 1.3% Paraguay % 0 0.0% 0 0.0% % % +++ Switzerland % % % % % + 8.0% Chile % % % % % % Serbia % % % % % % Japan 0 0.0% 3 0.0% % % % % Canada % % % % % - 0.8% Ukraine 0 0.0% 0 0.0% % % % +++ Norway % % % % % % Iceland % % % % % % Other Origins % % % % % Extra-EU % change + 9% - 1% - 3% + 3.4% 13 March 2017

95 T R A D E EU I M P O R T S Beef & Live Animals EU imports of beef and live animals (2): Trade figures (COMEXT) IMPORTS of Beef & Veal into EU (Tonnes cwe) IMPORTS of Beef & Veal into EU (1000 EUR) In Tonnes cwe in 1000 EUR Jan-Dec 14 Jan-Dec 15 Jan-Dec 16 0 Jan-Dec 14 Jan-Dec 15 Jan-Dec 16 0 Brazil Uruguay Argentina Australia USA Other origins Brazil Uruguay Argentina Australia USA Other origins 13 March 2017

96 in Tonnes cwe T R A D E EU I M P O R T S B e e f P r o d u c t s EU-28 Imports of BEEF products Jan Jan Jan FRESH FROZEN PREPARED OTHERS 13 March 2017

1000 Tonne 1000 Tonne T R A D E EU T R A D E B A L A N C E Beef & Live Animals 1 400 1 263 1 400 11263 171 Trade balance of beef and live animals 1 120 1 171 1 120 1 028 1 028 IMPORTS 825 825 800 736

97 1000 Tonne 1000 Tonne T R A D E EU T R A D E B A L A N C E Beef & Live Animals Trade balance of beef and live animals IMPORTS IMPORTS EXPORTS EXPORTS Jan Sep Jan- 15 Dec March 2017

98 Million euros T R A D E EU T R A D E B A L A N C E Beef & Live Animals Trade balance of beef and live animals Imports Exports Jan-Dec March 2017

compared to the Euro (02/01/14 = 100) 190 170 150 130 110 90 70 50 US

99 W O R L D B E E F M A R K E T EXCHANGE RATE INDEX / Euro Main Trading Partners Index of daily exchange rates of the main trading partners compared to the Euro (02/01/14 = 100) US Dollar Brazilian Real Canadian Dollar Russian Rouble Chinese Yuan 13 March 2017

100 EU Canada Japan Mexico (up to Nov) South Korea Malaysia (up to Oct) EU Canada Russia (up to Nov) Japan Mexico (up to Nov) Russia (up to Nov) South Korea Malaysia (up to Oct) Qty in 1000 Tonnes China + H. Kong United States United States China + H. Kong W O R L D B E E F M A R K E T E.U. I M P O R T S BEEF MAIN IMPORTERS Source : GTA * Excluding live animals (0102), fats, preparations of several types of meat (0209, and ) Main Importers of BEEF Products (up to December) Source : GTA * Excluding live animals (0102), fats, preparations of several types of meat (0209, and ) No 2103 figures available for : Mexico, Taiwan, Chile, (up to December) 2016 (up to December) 13 March 2017

EU Canada Brazil New Zealand (up to Nov) Uruguay (up to Nov) Paraguay Argentina Mexico (up to Nov) EU Brazil New Zealand (up to Nov) Canada Uruguay (up to Nov) Paraguay Argentina Mexico (up to Nov)

101 EU Canada Brazil New Zealand (up to Nov) Uruguay (up to Nov) Paraguay Argentina Mexico (up to Nov) EU Brazil New Zealand (up to Nov) Canada Uruguay (up to Nov) Paraguay Argentina Mexico (up to Nov) United States India (up to Nov) Australia United States India (up to Nov) Qty in 1000 Tonnes Australia W O R L D B E E F M A R K E T E.U. E X P O R T S BEEF MAIN EXPORTERS Source : GTA * Excluding live animals (0102), fats, preparations of several types of meat (0209, and ) Main Exporters of BEEF Products (up to December) Source : GTA * Excluding live animals (0102), fats, preparations of several types of meat (0209, and ) (up to December) 2016 (up to December) 0 13 March 2017

102 Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 /100Kg W O R L D B E E F M A R K E T STEER PRICES EU, US, AUS, NZ World Beef Prices US : EU : AUS : URU : NZ : ARG : BRA : EU BRA URU ARG AUS US NZ 13 March 2017 ECB US AUS UY ARG BR NZ

103 High Quality Beef Import Quotas Hilton Quota Regulation (EU) N 593/2013 Quantity allocated 2013/ / / /2017* (Tons) Use Use Use Use Australia Argentina % % % % Argentina % % % % Australia % % % % Uruguay % % % % Brazil % % % % New Zealand % % % % Canada/US % % % % Paraguay % % % % Total Beef % % % % Total Buffalo % % % % Total % % % % * up to 31/01/ March 2017

High Quality Beef Import Quotas Quota ergaomnes Regulation (EU) No 481/2012 2013-Q3 2013-Q4 2014-Q1 2014-Q2 TOTAL Period 2013-2014 10 198 942 10 493 437 10 191 527 10 282 860 41 166 765 Available 12

104 High Quality Beef Import Quotas Quota ergaomnes Regulation (EU) No 481/ Q Q Q Q2 TOTAL Period Available Use 84.64% 87.08% 84.58% 85.33% 85.41% 2014-Q Q Q Q2 TOTAL Period Available Use 98.28% 97.47% 94.22% % 98.34% Available after transfer % 95.82% 90.38% 93.96% 2015-Q Q Q Q2 TOTAL Period Available Use 99.30% 98.35% 95.67% % 99.76% Available after transfer % 97.67% 93.48% 99.08% 2016-Q Q Q Q2 TOTAL Period * Available Use % % 82.03% 0.00% 70.90% Available after transfer % % 83.35% 0.00% * Until March Q3 Q4 Q1 Q2 Period Period Period *

105 Forecast Summary EU.15 PRODUCTION ( 1000T ) % % % % EU.15 CONSUMPTION ( 1000T ) % % % % BALANCE EU.13 PRODUCTION ( 1000T ) % % % % EU.13 CONSUMPTION ( 1000T ) % % % % BALANCE EU.28 PRODUCTION ( 1000T ) % % % % EU.28 CONSUMPTION ( 1000T ) % % % % BALANCE EU - CARCASS PRICES ADULT MALE BOVINES ( /100 kg ) + 3.5% % % % March 2017 COWS ( /100 kg ) Sources : EStat New Cronos, Member States - 1.1% % % % 274.0

106 Annex IV

107 TRENDS IN SALES OF MEAT PRODUCTS A RETAIL PERSPECTIVE Meat Market Observatory 16 March 2017

108 Belgium Period ending February 2017 Product category price (% change February 2017 vs February 2016) price (% change August 2016 February 2017 vs August 2015 February 2016) Total pigmeat +3% +1,71% Delicatessen (salami, ham, prosciutto, etc) +0,9% +0,86% Processed pork (élaborés de viande) +0,5% +1,13% Total beef and veal +2,1% +0,91% Source: Comeos 2

109 France Period ending February 2017 Product category volumes (% change year-to-date) volumes (% change Year-to-year) (52 weeks) value (% change year-to-date) value (% change Year-to-year) (52 weeks) Fresh beef* +0,2% -1,4% -1,7% -1,7% Fresh veal* +1,3% -3,2% -0,1% -2,8% Fresh pork* -3,8% -2,2% -3,1% -2,2% Delicatessen (salami, ham, prosciutto, etc) -2,7% -0,9% - - Frozen beef -5,5% -3,7% -5,7% -1,7% Processed (élaborés de viande) 0,5% -0,4% 0,3% -0,3% Source: Kantar Worldpanel * Excluding minced meat and wholesale purchases 3

110 France Focus on delicatessen in 2016 Value of delicatessen market (mass food retail) : 6,04 Mrd (-0,7%) / volume : -1,8% Retailer brands are losing market share Source: IRI via LSA 4

111 France 96% of the French consumers claimed that they plan to maintain or increase the consumption of organic products; (Agence BIO survey) 29% of French consumers intend to increase it: 46% of them want to eat more organic beef and veal, 39% want more organic pork, lamb and charcuterie 5

112 Italy: variation of household purchases of meat (volumes, first 9 months of 2016 vs 2015) 0,0% Fresh pork Fresh beef Others -1,0% -2,0% -3,0% -4,0% -5,0% -4,8% -4,7% -6,0% -7,0% -6,9% -8,0% 6 Source:

113 7 Italy: Household purchases of fresh beef*

EU Market Situation for Poultry. Civil Dialogue Group. 25 October 2016

EU Market Situation for Poultry Civil Dialogue Group 25 October 216 Thousand Tons F O R E C A S T 16 14 Experts EU production forecast on Poultry and Rabbit (Missing data (BE-EL-AT-RO-LT-SE) - No expert