EU Trade EU Productions Sources : EUROSTAT, Reg. (EU) 479/2010, Clal.it, USDA, Lto.nl, Nasdaq, European Central Bank, Dairyaustralia, Dcanz, Global Trade Atlas, 01 02 1000 Tonnes 03 World Trade 04 05 06 07 08 09 10 11 12 13 14 15 16 EUR/100 kg USD/Feed/Energy World Productions GDT Auction JAN JAN FEB FEB MAR MAR APR APR MAY MAY JUN JUN JUL JUL AUG AUG SEP SEP OCT OCT NOV NOV DEC DEC EUR/100 kg EUR/100 kg 03 04 05 06 07 08 09 10 11 12 13 14 15 16 DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 26.11. World Quotations EU Prices Raw Milk EU Productions (- compared to - ) + 1.5 + 2.6 EU Price 29.9 + 6.9-6.0 /100 kg Price in USD/Tonne on 15.11. + 1.6 + 1.0 Evolution since last month + 0.6 EU Prices (week 47) BUTTER 304 /100 kg - 0.9 Evolution since last week S.M.P. 174 /100 kg - 2.4 W.M.P. 229 /100 kg - 4.3 CHEDDAR 303 /100 kg + 0.8 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 + 3.6-1.9-1.2 + 0.6 EU Raw Milk Prices Evolution (up to ober *) 14 000 13 000 12 000 11 000 10 000 EU - Cows' milk collected - : + 1.5 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 2001 2003 2005 2007 2009 2011 2013 Source : 2012 2013 45 35 30 29.7 26.7 25 20 36.0 30 29.7 2021.7 10 0 2-WEEKLY Milk Spot Prices 20 12 - IT, Lodi - 20 13 20 14 20 15 WEEKLY Milk Spot Prices 2012 - NL - 2013 Australian milk production - /16 compared to /15 : + 5,5 1 100 2012/13 2013 /15 /16 35 35.0 (22 ) 30 24.5 (22 ) EUR / USD Exchange Rate Last Update : 25.11.15 in 1000 tonnes 1.0651 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 : 20.11. NZ milk production - /16 compared to /15 : -4,0 3 0 2012/13 2013 /15 /16 in 1000 tonnes.28 3 000 2 0 2 000 1 0 1 000 0 0 120 100 80 60 20 in EUR/100 kg Feed / Energy quotations Evolution ( 4 last weeks ) Feed costs ( Wk 47 ) Energy costs ( Wk 47 ) + 0.4 + 2.1 U.S. milk production - compared to : + 1.3 2012 2013 in 1000 tonnes 8 2 8 000 7 7 7 0 7 2 7 000 EU Exports - Top 3 destinations in Period : uary to tember BUTTER CHEESE in Tonnes 2013 in Tonnes 2013 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 2013 in Tonnes 2013 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 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 20-69 246-16 421-4 30-30 Australia 25-14 124 + 12 145 + 30 48-20 Belarus up to 47 + 38 114 + 17 74 + 32 23 + 5 Argentina 7-36 32-18 18 + 21 89-20 - compared to China - 27 55 + 7 165-21 288-52 Russia Japan up to 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 + 20 148 + 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 47) Evolution since last week BUTTER 304 /100 kg - 0.9 S.M.P. 174 /100 kg - 2.4 W.M.P. 229 /100 kg - 4.3 CHEDDAR 303 /100 kg + 0.8 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 20 12 - IT, Lodi - 20 13 20 14 20 15 55 WEEKLY Milk Spot Prices - NL - 2012 2013 55 45 45 35 35.0 (22 ) 35 30 24.5 (22 ) 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 30 36.0 29.7 20 21.7 2001 2003 2005 2007 2009 2011 2013 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 : 25.11.15 1. 1.30 Feed costs ( Wk 47 ) Energy costs ( Wk 47 ) + 0.4 + 2.1 Sources : Feed : DG AGRI, Clal.it Energy : DG ENERGY OIL : Europe Brent Spot Price (USD/Barrel) Last update : 20.11. 120 100 80 1.20 60 1.0651 1.10 1.00.28 20 Source : European Central Bank Source : Nasdaq
EU Productions (- compared to - ) + 6.9 + 1.5 + 2.6 + 1.6 + 1.0 + 0.6-6.0-1.9-1.2 Source : EUROSTAT
1000 Tonnes 14 000 13 000 12 000 EU - Cows' milk collected 2012 2013 11 000 10 000 - : + 1.5 Source : EUROSTAT, Reg. (EC) No 479/2010 Art. 1(a)1
Australian milk production - /16 compared to /15 : + 5,5 1 100 2012/13 2013 /15 /16 in 1000 tonnes 1 000 900 800 700 600 0 NZ milk production - /16 compared to /15 : - 4,0 3 0 2012/13 2013 /15 /16 in 1000 tonnes 3 000 2 0 2 000 1 0 1 000 0 0 U.S. milk production - compared to : + 1.3 2012 2013 in 1000 tonnes 8 2 8 000 7 7 7 0 7 2 7 000 Source : Dairyaustralia, Dcanz, USDA
EU Exports - Top 3 destinations in Period : uary to tember BUTTER CHEESE in Tonnes 2013 in Tonnes 2013 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 2013 in Tonnes 2013 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 12 15 7 8 65 69 208 165 288 308 321 606-27 + 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 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. 20-69 246-16 421-4 30-30 Australia 25-14 124 + 12 145 + 30 48-20 Belarus up to 47 + 38 114 + 17 74 + 32 23 + 5 Argentina 7-36 32-18 18 + 21 89-20 Source : GTA - compared to China Russia Japan up to BUTTER + BUTTEROIL CHEESE S.M.P. MAIN IMPORTING THIRD COUNTRIES BUTTER(OIL) 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 + 20 148 + 12 5 + Egypt up to 37 + 35 16-48 44 + 42 28 + 74
Auction Source : Globaldairytrade