GDT Auction EU Trade World Trade EU Productions World Productions 1000 Tonnes USD/Feed/Energy EUR/100 kg JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 03 04 05 06 07 08 09 10 11 12 13 14 15 16 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 EUR/100 kg JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC EUR/100 kg DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 19.11. World Quotations EU Prices Raw Milk EU Price 29.9 EU Prices (week 46) EU Productions (- compared to - ) + 2.6% + 3.3% + 1.3% - 7.0% /100 kg Price in USD/Tonne on 15.11. + 1.2% + 1.7% Evolution since last month + 0.6% Evolution since last week BUTTER 307 /100 kg + 3.8% S.M.P. 179 /100 kg + 0.2% W.M.P. 239 /100 kg - 0.8% CHEDDAR 301 /100 kg + 0.2% LATEST WORLD QUOTATIONS % change (15 days ago) EU Oceania USA EU Oceania USA Butter 3 219 2 8 6 360-1.9% - 10.2% + 9.9% SMP 1 933 2 0 1 781-2.1% - 5.2% - 2.1% WMP 2 615 2 0 2 866-3.2% - 10.7% - Cheddar 3 260 3 1 3 673-3.0% - 1.6% + 3.6% - 2.0% - 1.9% + 0.5% EU Raw Milk Prices Evolution (up to ober *) 14 000 13 000 12 000 11 000 10 000 Weighted EU Average (real fat content) EU - Cows' milk collected - : +0,1% EUR/100 kg * : provisional figures EU Milk Equiv. Price (based on SMP and Butter prices) U.S. and New Zealand Milk Prices Evolution EU SEP price is a provisional figure US Milk (class III adj 4.2% fat) NZ Milk - (Fonterra, adj 4.2% fat & 3.35% prot) EU Raw Milk price 2001 2003 2005 2007 2009 2011 Source : 2012 45 35 30 29.7 26.7 25 20 10 0 36.0 3029.7 2021.7 2-WEEKLY Milk Spot Prices 2012 - IT, Lodi - WEEKLY Milk Spot Prices 2012 - NL - Australian milk production - /16 compared to /15 : + 5,5% 1 100 2012/13 /15 /16 35 35.0 (08 ) 30 24.5 (15 ) EUR / USD Exchange Rate Last Update : 19.11.15 in 1000 tonnes 1.0666 1 000 900 800 700 600 0 55 45 55 45 35 25 15 1. 1.30 1.20 1.10 1.00 4 390 3 290 2 190 1 EU average quotations of main commodities Butter Int. price SMP Int. price BUTTER SMP WMP CHEDDAR OIL : Europe Brent Spot Price (USD/Barrel) Last update : 13.11. NZ milk production - /16 compared to /15 : - 4,0% 30 2012/13 /15 /16 in 1000 tonnes 46.44 3000 20 2000 10 1000 0 0 120 100 80 60 20 in EUR/100 kg Feed / Energy quotations Evolution ( 4 last weeks ) Feed costs ( Wk 46 ) Energy costs ( Wk 46 ) + 1.1 % - 0.5 % U.S. milk production - compared to : + 1,4% 2012 in 1000 tonnes 82 8000 77 70 72 7000 EU Exports - Top 3 destinations in Period : uary to tember BUTTER CHEESE in Tonnes in Tonnes Extra-EU 73 115 90 322 98 348 + 9% Extra-EU 586 041 5 725 524 387-5% USA 2 619 5 896 12 378 + 110% USA 81 512 83 764 101 6 + 21% Saudi Arabia 2 329 5 586 10 886 + 95% Japan 32 433 35 002 475 + 44% Egypt 604 1 695 9 255 +++ Switzerland 39 134 358 41 176 + 2% S.M.P. W.M.P. in Tonnes in Tonnes Extra-EU 301 5 478 739 527 516 + 10% Extra-EU 284 696 300 0 302 852 + 1% Algeria 45 900 109 522 89 897-18% Oman 725 37 247 46 980 + 26% Egypt 16 722 33 808 45 584 + 35% Algeria 21 069 58 102 27 628-52% China 31 130 51 3 38 216-26% Nigeria 28 457 26 348 22 326-15% CHINA IMPORTS (- compared to ) BUTTER + OIL CHEESE S.M.P. W.M.P. WHEYPOWDER CASEIN(ATE)S CONDENSED LACTOSE '000 tonnes 69 51 55 208 165 12 15 7 8 65 69 288 308 321 606 0 200 0 600 800-27% + 7% - 21% - 52% + 4% + 24% + 11% + 6% % of EU 4 10 9 13 25 21 1 1 39 29 34 20 14 89 92 0 100 - compared to New Zealand EU-28 United States 336-7% 230 + 16% 264 + 7% 922-4% 1 + 33% 524-5% 528 + 10% 303 + 1% 20-69% 246-16% 421-4% 30-30% Australia 25-14% 124 + 12% 145 + 30% 48-20% Belarus Argentina MAIN EXPORTING THIRD COUNTRIES up to BUTTER(OIL) CHEESE S.M.P. W.M.P. 47 + 38% 114 + 17% 74 + 32% 23 + 5% 7-36% 32-18% 18 + 21% 89-20% - compared to China Russia Japan up to - 27% 55 + 7% 165-21% 288-52% 60-39% 125-48% 68 + 23% 18-29% 11 + 101% 184 + 8% 42 + 34% 0 + 55% United States 28 + 142% 137 + 25% 2 + 2% 8 + 46% Mexico Egypt MAIN IMPORTING THIRD COUNTRIES up to up to BUTTER(OIL) CHEESE S.M.P. W.M.P. 23 + 32% 80 + 20% 148 + 12% 5 + % 37 + 35% 16-48% 44 + 42% 28 + 74% Sources : EUROSTAT, Reg. (EU) 479/2010, Clal.it, USDA, Lto.nl, Nasdaq, European Central Bank, Dairyaustralia, Dcanz, Global Trade Atlas, Globaldairytrade.
01 EU Prices Raw Milk EU Price 29.9 /100 kg Evolution since last month + 0.6% EU Prices (week 46) Evolution since last week BUTTER 307 /100 kg + 3.8% S.M.P. 179 /100 kg + 0.2% W.M.P. 239 /100 kg - 0.8% CHEDDAR 301 /100 kg + 0.2% Source : DG AGRI Reg. 479/2010 Art. 2
01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 EU Raw Milk Prices Evolution (up to ober *) EUR/100 kg 45 35 30 29.7 * : provisional figures 26.7 25 20 Weighted EU Average (real fat content) EU Milk Equiv. Price (based on SMP and Butter prices) Source : DG AGRI Reg. 479/2010 Art. 2
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC EUR/100 kg EUR/100 kg 2-WEEKLY Milk Spot Prices 2012 - IT, Lodi - 55 WEEKLY Milk Spot Prices - NL - 2012 55 45 45 35 35.0 (08 ) 35 30 24.5 (15 ) 25 15 Source : Clal.it
03 04 05 06 07 08 09 10 11 12 13 14 15 16 4 390 3 EU average quotations of main commodities Butter Int. price SMP Int. price BUTTER SMP WMP CHEDDAR in EUR/100 kg 290 2 190 1 Source : DG AGRI Reg. 479/2010 Art. 2
LATEST WORLD QUOTATIONS Price in USD/Tonne on 15.11. % change (15 days ago) EU Oceania USA EU Oceania USA Butter 3 219 2 8 6 360-1.9% - 10.2% + 9.9% SMP 1 933 2 0 1 781-2.1% - 5.2% - 2.1% WMP 2 615 2 0 2 866-3.2% - 10.7% - Cheddar 3 260 3 1 3 673-3.0% - 1.6% + 3.6% Source : DG AGRI, USDA
EUR/100 kg U.S. and New Zealand Milk Prices Evolution EU SEP price is a provisional figure 36.0 3029.7 2021.7 2001 2003 2005 2007 2009 2011 Source : DG AGRI, LTO Nederland US Milk (class III adj 4.2% fat) NZ Milk - (Fonterra, adj 4.2% fat & 3.35% prot) EU Raw Milk price 10 0
Feed / Energy quotations Evolution ( 4 last weeks ) EUR / USD Exchange Rate Last Update : 19.11.15 1. Feed costs ( Wk 46 ) Energy costs ( Wk 46 ) + 1.1 % - 0.5 % OIL : Europe Brent Spot Price (USD/Barrel) Last update : 13.11. 120 100 1.30 Sources : Feed : DG AGRI, Clal.it Energy : DG ENERGY 80 1.20 60 1.0666 1.10 1.00 46.44 20 Source : European Central Bank Source : Nasdaq
EU Productions (- compared to - ) + 1.3% + 2.6% + 3.3% + 1.2% + 1.7% + 0.5% - 2.0% - 1.9% - 7.0% Source : EUROSTAT
1000 Tonnes 14 000 13 000 12 000 EU - Cows' milk collected 2012 11 000 10 000 - : +0,1% Source : EUROSTAT, Reg. (EC) No 479/2010 Art. 1(a)1
Australian milk production - /16 compared to /15 : + 5,5% 1 100 2012/13 /15 /16 in 1000 tonnes 1 000 900 800 700 600 0 NZ milk production - /16 compared to /15 : - 4,0% 30 2012/13 /15 /16 in 1000 tonnes 3000 20 2000 10 1000 0 0 U.S. milk production - compared to : + 1,4% 2012 in 1000 tonnes 82 8000 77 70 72 7000 Source : Dairyaustralia, Dcanz, USDA
EU Exports - Top 3 destinations in Period : uary to tember BUTTER CHEESE in Tonnes in Tonnes Extra-EU 73 115 90 322 98 348 + 9% Extra-EU 586 041 5 725 524 387-5% USA 2 619 5 896 12 378 + 110% USA 81 512 83 764 101 6 + 21% Saudi Arabia 2 329 5 586 10 886 + 95% Japan 32 433 35 002 475 + 44% Egypt 604 1 695 9 255 +++ Switzerland 39 134 358 41 176 + 2% S.M.P. W.M.P. in Tonnes in Tonnes Extra-EU 301 5 478 739 527 516 + 10% Extra-EU 284 696 300 0 302 852 + 1% Algeria 45 900 109 522 89 897-18% Oman 725 37 247 46 980 + 26% Egypt 16 722 33 808 45 584 + 35% Algeria 21 069 58 102 27 628-52% China 31 130 51 3 38 216-26% Nigeria 28 457 26 348 22 326-15% Source : EUROSTAT
CHINA IMPORTS (- compared to ) '000 tonnes % of EU BUTTER + OIL CHEESE S.M.P. W.M.P. WHEYPOWDER CASEIN(ATE)S CONDENSED LACTOSE 69 51 55 208 165 288 308 321 12 15 7 8 65 69 606-27% + 7% - 21% - 52% + 4% + 24% + 11% + 6% 4 10 9 13 25 21 1 1 39 29 34 20 14 89 92 Source : GTA 0 200 0 600 800 0 100
BUTTER + BUTTEROIL CHEESE S.M.P. W.M.P. MAIN EXPORTING THIRD COUNTRIES - compared to BUTTER(OIL) CHEESE S.M.P. W.M.P. BUTTER + BUTTEROIL CHEESE S.M.P. W.M.P. New Zealand 336-7% 230 + 16% 264 + 7% 922-4% EU-28 1 + 33% 524-5% 528 + 10% 303 + 1% United States 20-69% 246-16% 421-4% 30-30% Australia 25-14% 124 + 12% 145 + 30% 48-20% - compared to MAIN IMPORTING THIRD COUNTRIES BUTTER(OIL) CHEESE S.M.P. W.M.P. Belarus Argentina up to 47 + 38% 114 + 17% 74 + 32% 23 + 5% 7-36% 32-18% 18 + 21% 89-20% China Russia Japan up to - 27% 55 + 7% 165-21% 288-52% 60-39% 125-48% 68 + 23% 18-29% 11 + 101% 184 + 8% 42 + 34% 0 + 55% Source : GTA United States 28 + 142% 137 + 25% 2 + 2% 8 + 46% Mexico Egypt up to up to 23 + 32% 80 + 20% 148 + 12% 5 + % 37 + 35% 16-48% 44 + 42% 28 + 74%
37 + 35% 16-48% 44 + 42% 28 + 74% Source : Globaldairytrade