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 : 16.11. World Quotations EU Prices Raw Milk EU Price 29,9 EU Productions (- compared to - 14) + 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 EU Prices (week 45) BUTTER 296 /100 kg - 0.5 Evolution since last week S.M.P. 178 /100 kg - 0.7 W.M.P. 241 /100 kg - 1.9 CHEDDAR 300 /100 kg - 1.7 LATEST WORLD QUOTATIONS change (15 days ago) EU Oceania USA EU Oceania USA Butter 3 219 2 8 6 360-1.9-10.2 + 1.4 SMP 1 933 2 0 1 786-2.1-5.2 + 0.2 WMP 2 615 2 0 2 866-3.2-10.7 - Cheddar 3 260 3 1 3 571-3.0-1.6 + 1.0-2.0-1.9 + 0.5 EU Raw Milk Prices Evolution (up to ober *) 14 000 13 000 12 000 11 000 10 000 EU - Cows' milk collected - : +1,3 EUR/100 kg * : provisional figures Weighted EU Average (real fat content) 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 01 03 05 07 09 11 13 Source : 12 13 14 45 35 30 29,7 26,1 25 36,0 30 29,7 21,7 10 0 2-WEEKLY Milk Spot Prices 12 - IT, Lodi - 13 14 15 WEEKLY Milk Spot Prices 12 - NL - 13 14 Australian milk production - /16 compared to 14/15 : + 5,5 1 100 12/13 13 14/15 /16 35 35.5 (01 ) 30 26 (08 ) EUR / USD Exchange Rate Last Update : 12.11.15 1,0716 in 1000 tonnes 1 000 900 800 700 600 0 55 45 55 45 35 25 15 1. 1.30 1. 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 : 09.11. NZ milk production - /16 compared to 14/15 : -4,0 30 12/13 13 14/15 /16 in 1000 tonnes 47,91 3000 00 10 1000 0 0 1 100 80 60 in EUR/100 kg Feed / Energy quotations Evolution ( 4 last weeks ) Feed costs ( Wk 45 ) Energy costs ( Wk 45 ) + 2,2-1,3 U.S. milk production - compared to 14 : + 1,4 12 13 14 in 1000 tonnes 82 8000 77 70 72 7000 EU Exports - Top 3 destinations in Period : uary to tember BUTTER CHEESE in Tonnes 13 14 in Tonnes 13 14 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 13 14 in Tonnes 13 14 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 14) BUTTER + OIL Sources : EUROSTAT, Reg. (EU) 479/10, Clal.it, USDA, Lto.nl, Nasdaq, European Central Bank, Dairyaustralia, Dcanz, Global Trade Atlas, Globaldairytrade. CHEESE S.M.P. W.M.P. WHEYPOWDER CASEIN(ATE)S CONDENSED LACTOSE '000 tonnes 69 51 55 8 165 12 15 7 8 65 69 288 308 321 606 14 0 0 0 600 800-27 + 7-21 - 52 + 4 + 24 + 11 + 6 of EU 4 10 9 13 25 21 1 1 39 29 34 14 89 92 0 100 - compared to 14 New Zealand EU-28 United States MAIN EXPORTING THIRD COUNTRIES BUTTER(OIL) CHEESE S.M.P. W.M.P. 336-7 230 + 16 264 + 7 922-4 1 + 33 524-5 528 + 10 303 + 1-69 246-16 421-4 30-30 Australia 25-14 124 + 12 145 + 30 48 - Belarus up to 47 + 38 114 + 17 74 + 32 23 + 5 Argentina 7-36 32-18 18 + 21 89 - - compared to 14 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 up to 23 + 32 80 + 148 + 12 5 + Egypt MAIN IMPORTING THIRD COUNTRIES up to BUTTER(OIL) CHEESE S.M.P. W.M.P. 37 + 35 16-48 44 + 42 28 + 74
EU Prices Raw Milk EU Price 29,9 /100 kg Evolution since last month + 0,6 EU Prices (week 45) Evolution since last week BUTTER 296 /100 kg - 0.5 S.M.P. 178 /100 kg - 0.7 W.M.P. 241 /100 kg - 1.9 CHEDDAR 300 /100 kg - 1.7 Source : DG AGRI Reg. 479/10 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 26,1 25 Weighted EU Average (real fat content) EU Milk Equiv. Price (based on SMP and Butter prices) Source : DG AGRI Reg. 479/10 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 12 - IT, Lodi - 13 14 15 55 WEEKLY Milk Spot Prices - NL - 12 13 14 55 45 45 35 35 35.5 (01 ) 30 26 (08 ) 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. 479/10 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 + 1.4 SMP 1 933 2 0 1 786-2.1-5.2 + 0.2 WMP 2 615 2 0 2 866-3.2-10.7 - Cheddar 3 260 3 1 3 571-3.0-1.6 + 1.0 Source : DG AGRI, USDA
EUR/100 kg U.S. and New Zealand Milk Prices Evolution EU SEP price is a provisional figure 36,0 30 29,7 21,7 US Milk (class III adj 4.2 fat) NZ Milk - (Fonterra, adj 4.2 fat & 3.35 prot) EU Raw Milk price 01 03 05 07 09 11 13 10 0 Source : DG AGRI, LTO Nederland
Feed / Energy quotations Evolution ( 4 last weeks ) EUR / USD Exchange Rate Last Update : 12.11.15 1. 1.30 Feed costs ( Wk 45 ) Energy costs ( Wk 45 ) + 2,2-1,3 Sources : Feed : DG AGRI, Clal.it Energy : DG ENERGY OIL : Europe Brent Spot Price (USD/Barrel) Last update : 09.11. 1 100 80 1. 60 1,0716 1.10 1.00 47,91 Source : European Central Bank Source : Nasdaq
EU Productions (- compared to - 14) + 2.6 + 3.3 + 1.3 + 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 12 13 14 11 000 10 000 - : +1,3 Source : EUROSTAT, Reg. (EC) No 479/10 Art. 1(a)1
Australian milk production - /16 compared to 14/15 : + 5,5 1 100 12/13 13 14/15 /16 in 1000 tonnes 1 000 900 800 700 600 0 NZ milk production - /16 compared to 14/15 : - 4,0 30 12/13 13 14/15 /16 in 1000 tonnes 3000 00 10 1000 0 0 U.S. milk production - compared to 14 : + 1,4 12 13 14 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 13 14 in Tonnes 13 14 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 13 14 in Tonnes 13 14 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 14) '000 tonnes of EU BUTTER + OIL CHEESE S.M.P. W.M.P. WHEYPOWDER CASEIN(ATE)S CONDENSED LACTOSE 69 51 55 8 165 288 308 321 12 15 7 8 65 69 606 14-27 + 7-21 - 52 + 4 + 24 + 11 + 6 4 10 9 13 25 21 1 1 39 29 34 14 89 92 Source : GTA 0 0 0 600 800 0 100
BUTTER + BUTTEROIL CHEESE S.M.P. W.M.P. MAIN EXPORTING THIRD COUNTRIES - compared to 14 New Zealand 336-7 230 + 16 264 + 7 922-4 EU-28 1 + 33 524-5 528 + 10 303 + 1 United States BUTTER(OIL) CHEESE S.M.P. W.M.P. - 69 246-16 421-4 30-30 Australia 25-14 124 + 12 145 + 30 48 - Belarus up to 47 + 38 114 + 17 74 + 32 23 + 5 Argentina 7-36 32-18 18 + 21 89 - Source : GTA - compared to 14 China Russia Japan up to BUTTER + BUTTEROIL S.M.P. MAIN IMPORTING THIRD COUNTRIES BUTTER(OIL) CHEESE CHEESE S.M.P. W.M.P. W.M.P. - 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 up to 23 + 32 80 + 148 + 12 5 + Egypt up to 37 + 35 16-48 44 + 42 28 + 74
Auction Source : Globaldairytrade