Download - (Jan -Feb 2018 compared to 2017) CHINA IMPORTSec.europa.eu/.../market-observatory/milk/pdf/dashboard-dairy_en.pdf · DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 14.05.2018 100

DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 28.06.2018

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in EUR/100 kg

EU average quotations of main commodities

Butter Intervention priceSMP Intervention priceBUTTERSMPWMPCHEDDAR

Wo

rld

Qu

ota

tio

ns

EU P

rice

s

GD

T A

uct

ion

EU P

rodu

ctio

nsEU

Tra

de

+2.1% +1.2%

+6.0%

-5.0%-1.5%

-9.1%

-0.6%

+0.2%+2.4%

- 15%

- 10%

- 5%

+ 0%

+ 5%

+ 10%

EU Productions (Jan-Apr 2018 compared to Jan-Apr 2017)

Wo

rld

Pro

du

ctio

ns

Wo

rld

Tra

de

USD

/Fee

d/E

ner

gy Feed / Energy quotations(evolution compared to the

previous 4 weeks )

Feed costs

Energy costs

- 4.7%

- 1.8 %

Qty in

ktons

%

2018

/17

Qty in

ktons

%

2018

/17

Qty in

ktons

%

2018

/17

Qty in

ktons

%

2018

/17

New Zealand 155 + 3% 110 - 7% 138 + 7% 493 + 11%

EU-28 67 + 1% 273 + 0% 280 + 8% 126 - 9%

United States 15 + 88% 122 + 13% 260 + 27% 17 + 86%

Australia 4 - 5% 54 - 5% 54 + 13% 25 + 34%

Belarus 22 + 1% 61 - 2% 28 - 2% 12 + 39%

Uruguay 3 + 0% 10 - 10% 2 - 57% 34 + 8%

Jan-Apr 2018

compared to 2017

MAIN EXPORTING THIRD COUNTRIES

BUTTER(OIL) CHEESE S.M.P. W.M.P.

Qty in

ktons

%

2018

/17

Qty in

ktons

%

2018

/17

Qty in

ktons

%

2018

/17

Qty in

ktons

%

2018

/17

Chinaup to

M ar 31 + 30% 27 - 5% 82 + 11% 216 + 10%

Algeriaup to

M ar 3 + 6% 6 - 6% 55 + 32% 78 - 11%

Mexicoup to

M ar 6 - 62% 31 - 3% 84 + 12% 1 +++

Russiaup to

M ar 14 - 47% 62 + 15% 21 - 30% 6 - 58%

Japan 3 + 150% 93 + 7% 19 + 73% 0 - 29%

United States 14 - 5% 52 - 9% 0 + 59% 2 - 68%

BUTTER(OIL) CHEESE S.M.P. W.M.P.Jan-Apr 2018

compared to 2017

MAIN IMPORTING THIRD COUNTRIES

11 000

12 000

13 000

14 000

15 000

Jan

Feb

Mar

Apr

May Jun

Jul

Aug Sep

Oct

Nov

Dec

1000

Ton

nes

EU - Cows' milk collected2015201620172018

Jan-Apr 2018/17 : + 2.1%

Sources : EUROSTAT, Reg. (EU) 2017/1185, Clal.it, USDA, Lto.nl, Nasdaq, European Central Bank, Dairyaustralia, Dcanz, Global Trade Atlas,

500

600

700

800

900

1 000

1 100

1 200

Jul

Aug Se

p

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

in 1000 tonnes

Australian milk production

2014/15

2015/16

2016/17

2017/18

Jul-Apr 2017/18 compared to 2016/17 : + 3.5%

0

500

1000

1500

2000

2500

3000

3500

Jun Jul

Aug Se

p

Oct

Nov Dec Jan

Feb

Mar

Apr

May

in 1000

tonnes

NZ milk production

2014/15

2015/16

2016/17

2017/18

Jun-Apr 2017/18 compared to 2016/17 : - 0.1%

7000

7250

7500

7750

8000

8250

8500

8750

Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

p

Oct

Nov Dec

in 1000 tonnes

U.S. milk production

2015201620172018

Jan-Apr 2018 compared to 2017 : + 1.3%

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40

45

50

Jan

01

Jan

02

Jan

03

Jan

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Jan

11

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Jan

13

Jan

14

Jan

15

Jan

16

Jan

17

Jan

18

EUR/100 kg

Weighted EU Average (real fat content)

EU Milk Equiv. Price (based on SMP and Butter prices)

* : provisional figures

EU Raw Milk Prices Evolution (up to May 2018*)

32.4

35.7 20

25

30

35

40

45

50

55

JAN

FEB

MA

R

AP

R

MA

Y

JUN

JUL

AU

G

SEP

OC

T

NO

V

DEC

EUR

/10

0 k

g

WEEKLY Milk Spot Prices- IT, Lodi -

2015

2016

2017

2018

39.5 €(24 Jun)

10

20

30

40

50

JAN

FEB

MA

R

AP

R

MA

Y

JUN

JUL

AU

G

SEP

OC

T

NO

V

DEC

EUR

/10

0 k

g

WEEKLY Milk Spot Prices- NL -

2015

2016

2017

201837.0 €

(24 Jun)

20

40

60

80

100

120

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

Ap

r

Last update : 24.06.18

OIL : Europe Brent Spot Price(USD/Barrel)

74.87

0

25

50

200

1

200

2

200

3

200

4

200

5

200

6

200

7

200

8

200

9

201

0

201

1

201

2

201

3

201

4

201

5

201

6

201

7

201

8 EUR

/10

0 k

gUS Milk (class II I adj 4.2% fat)

NZ Mi lk - (Fonterra, adj 4.2% fat & 3.35% prot)

EU Raw Milk price

Source :

31.1 32.6

30.1

US, NZ and EU milk prices up to April 2018

1.00

1.10

1.20

1.30

1.40

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

EUR / USD Exchange Rate

1.161

Last Update : 28.06.18

EU Oceania USA EU Oceania USA

Butter 6 742 5 688 5 212 - 1.1% - 0.4% - 1.6%

SMP 1 782 2 063 1 735 + 1.4% - 4.6% - 5.6%

WMP 3 318 3 200 3 505 + 1.0% - 1.9% + 1.0%

Cheddar 3 899 3 925 3 571 + 0.1% - 2.8% + 0.7%

Price in USD/Tonne

on 24.06.2018

% change

(15 days ago)

LATEST WORLD QUOTATIONS

in Tonnes 2016 2017 2018 in Tonnes 2016 2017 2018

Extra-EU 62 310 49 825 49 604 - 0% Extra-EU 253 930 272 799 273 024 + 0%

USA 5 153 8 105 7 805 - 4% USA 43 406 42 905 38 477 - 10%

Saudi Arabia 7 657 3 543 4 635 + 31% Japan 22 594 31 560 30 756 - 3%

Singapore 2 584 1 959 2 984 + 52% Switzerland 18 137 19 342 20 237 + 5%


Extra-EU 230 523 259 404 279 713 + 8% Extra-EU 130 977 138 694 125 635 - 9%

Algeria 32 613 37 240 56 974 + 53% Oman 18 857 14 190 23 232 + 64%

Egypt 19 870 12 471 20 589 + 65% Algeria 8 049 25 591 10 255 - 60%

China 19 794 28 100 20 174 - 28% China 6 222 7 912 7 231 - 9%

W.M.P.

EU Exports - Top 3 destinations in 2018Period : January-April

BUTTER CHEESE

S.M.P.

32.6Raw Milk €/100 kg

EU Price Evolution

since

- 2.7%

574BUTTER €/100 kg - 1.0%

153S.M.P. €/100 kg + 1.8%

283W.M.P. €/100 kg + 0.9%

336CHEDDAR €/100 kg + 0.5%

Compared to the previous 4 weeks

EU Prices

(week 25)

(week 25)

Apr-2018

Average price (USD/MT, FAS)

Anhydrous Milk Fat

-2.5%$ 6 060

Butter

+0.8%$ 5 611

Butter MilkPowder

n/rn/a

Cheddar

-3.6%$ 3 847

Lactose

+8.2%$ 769

Rennet Casein

-2.2%$ 4 898

Skim MilkPowder

-1.1%$ 2 003

Event 21419 June 2018

-1.2%

$ 3 481

Anhydrous Milk Fat

-2.5%$ 6 060

Butter

+0.8%$ 5 611

Butter MilkPowder

n/rn/a

Cheddar

-3.6%$ 3 847

Lactose

+8.2%$ 769

Rennet Casein

-2.2%$ 4 898

Skim MilkPowder

-1.1%$ 2 003

Whole MilkPowder

-1.0%$ 3 189


-1.2%

$ 3 481

-

+ 7%

+ 73%

-

+ 2%

+ 3%

-

- 14%

1

87

11

0

18

5

1

27

3

93

19

0

18

5

1

23

0 50 100

BUTTER + OIL

CHEESE

S.M.P.

W.M.P.

WHEYPOWDER

CASEIN(ATE)S

CONDENSED

LACTOSE

Qty in '000 tonnes

2017

2018

9

31

8

5

24

29

48

34

27

32

11

7

22

32

36

28

0 100

% of EU

JAPAN IMPORTS (Jan-Apr 2018 compared to 2017)

back to DashboardNext

Wo

rld

Qu

ota

tio

ns

EU P

rice

s

Jan

01

32.6Raw Milk €/100 kg

EU Price Evolution since

- 2.7%

574BUTTER €/100 kg - 1.0%

153S.M.P. €/100 kg + 1.8%

283W.M.P. €/100 kg + 0.9%

336CHEDDAR €/100 kg + 0.5%

Compared to the

previous 4 weeks

EU Prices (week 25)

Apr-2018

Source : DG AGRI – Reg. 2017/1185 Art. 11 & 12

\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

Source : DG AGRI – Reg. 2017/1185 Art. 12(a) - Annex II.4(a)

20

25

30

35

40

45

50

Jan

01

Jan

02

Jan

03

Jan

04

Jan

05

Jan

06

Jan

07

Jan

08

Jan

09

Jan

10

Jan

11

Jan

12

Jan

13

Jan

14

Jan

15

Jan

16

Jan

17

Jan

18

EUR/100 kg

Weighted EU Average (real fat content)

EU Milk Equiv. Price (based on SMP and Butter prices)

* : provisional figures

EU Raw Milk Prices Evolution (up to May 2018*)

32.4

35.7

PreviousPage

Next back to Dashboard

//net1.cec.eu.int/AGRI/C/4/C5 DATA/5. CEREALES/DASHBOARD/Dashboard_Cereals_Blue.xlsx'Dashboard (2)'!W64
























Source : Clal.it

20

25

30

35

40

45

50

55

JAN

FE

B

MA

R

AP

R

MA

Y

JUN

JUL

AU

G

SE

P

OC

T

NO

V

DEC

EU

R/1

00

kg

WEEKLY Milk Spot Prices- IT, Lodi -

2015

2016

2017

2018

39.5 €(24 Jun)

10

20

30

40

50

JAN

FE

B

MA

R

AP

R

MA

Y

JUN

JUL

AU

G

SE

P

OC

T

NO

V

DEC

EU

R/1

00

kg

WEEKLY Milk Spot Prices- NL -

2015

2016

2017

201837.0 €

(24 Jun)

PreviousPage

























100

150

200

250

300

350

400

450

500

550

600

650

700Ja

n 03

Jan

04

Jan

05

Jan

06

Jan

07

Jan

08

Jan

09

Jan

10

Jan

11

Jan

12

Jan

13

Jan

14

Jan

15

Jan

16

Jan

17

Jan

18

i n EUR/100 kg

EU average quotations of main commodities

Butter Intervention priceSMP Intervention priceBUTTERSMPWMPCHEDDAR

Source : DG AGRI – Reg. 2017/1185 Art. 11 – Annex I.7

PreviousPage



Source : DG AGRI, USDA

EU Oceania USA EU Oceania USA

Butter 6 742 5 688 5 212 - 1.1% - 0.4% - 1.6%

SMP 1 782 2 063 1 735 + 1.4% - 4.6% - 5.6%

WMP 3 318 3 200 3 505 + 1.0% - 1.9% + 1.0%

Cheddar 3 899 3 925 3 571 + 0.1% - 2.8% + 0.7%

Price in USD/Tonne

on 24.06.2018

% change

(15 days ago)

LATEST WORLD QUOTATIONS

PreviousPage


























Source : DG AGRI, LTO Nederland

0

25

50

200

1

200

2

200

3

200

4

200

5

200

6

200

7

200

8

200

9

201

0

201

1

201

2

201

3

201

4

201

5

201

6

201

7

201

8 EUR

/10

0 k

gUS Milk (class II I adj 4.2% fat)

NZ Mi lk - (Fonterra, adj 4.2% fat & 3.35% prot)

EU Raw Milk price

Source :

31.1 32.6

30.1

US, NZ and EU milk prices up to April 2018

PreviousPage


























Source : European Central Bank

Sources : Feed : DG AGRI, Clal.it Energy : DG ENERGY

Source : Nasdaq

Feed / Energy quotations(evolution compared to the

previous 4 weeks )

Feed costs

Energy costs

- 4.7%

- 1.8 %

(week 25)

1.00

1.10

1.20

1.30

1.40

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

EUR / USD Exchange Rate

1.161

Last Update : 28.06.18

20

40

60

80

100

120

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

Ap

r

Last update : 24.06.18

OIL : Europe Brent Spot Price(USD/Barrel)

74.87

PreviousPage


























+2.1% +1.2%

+6.0%

-5.0%-1.5%

-9.1%

-0.6%

+0.2%+2.4%

- 15%

- 10%

- 5%

+ 0%

+ 5%

+ 10%

EU Productions (Jan-Apr 2018 compared to Jan-Apr 2017)

Source : EUROSTAT

PreviousPage

























Source : EUROSTAT, Reg. (EC) No 479/2010 Art. 1(a)1

11 000

12 000

13 000

14 000

15 000Ja

n

Feb

Mar

Apr

May Jun

Jul

Aug Sep

Oct

Nov

Dec

1000

Ton

nes

EU - Cows' milk collected2015201620172018

Jan-Apr 2018/17 : + 2.1%

NextPage

Previousback to Dashboard


500

600

700

800

900

1 000

1 100

1 200

Jul

Au

g

Sep

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

May Jun

in 1000 tonnes

Australian milk production

2014/15

2015/16

2016/17

2017/18

Jul-Apr 2017/18 compared to 2016/17 : + 3.5%

0

500

1000

1500

2000

2500

3000

3500

Jun

Jul

Au

g

Sep

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

May

in 1000

tonnes

NZ milk production

2014/15

2015/16

2016/17

2017/18

Jun-Apr 2017/18 compared to 2016/17 : - 0.1%

7000

7250

7500

7750

8000

8250

8500

8750

Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

De

c

in 1000 tonnes

U.S. milk production

2015201620172018

Jan-Apr 2018 compared to 2017 : + 1.3%

Source : Dairyaustralia, Dcanz, USDA

PreviousPage



























Extra-EU 62 310 49 825 49 604 - 0% Extra-EU 253 930 272 799 273 024 + 0%

USA 5 153 8 105 7 805 - 4% USA 43 406 42 905 38 477 - 10%

Saudi Arabia 7 657 3 543 4 635 + 31% Japan 22 594 31 560 30 756 - 3%

Singapore 2 584 1 959 2 984 + 52% Switzerland 18 137 19 342 20 237 + 5%


Extra-EU 230 523 259 404 279 713 + 8% Extra-EU 130 977 138 694 125 635 - 9%

Algeria 32 613 37 240 56 974 + 53% Oman 18 857 14 190 23 232 + 64%

Egypt 19 870 12 471 20 589 + 65% Algeria 8 049 25 591 10 255 - 60%

China 19 794 28 100 20 174 - 28% China 6 222 7 912 7 231 - 9%

W.M.P.

EU Exports - Top 3 destinations in 2018Period : January-April

BUTTER CHEESE

S.M.P.

Source : EUROSTAT

PreviousPage

























-

+ 7%

+ 73%

-

+ 2%

+ 3%

-

- 14%

1

87

11

0

18

5

1

27

3

93

19

0

18

5

1

23

0 50 100

BUTTER + OIL

CHEESE

S.M.P.

W.M.P.

WHEYPOWDER

CASEIN(ATE)S

CONDENSED

LACTOSE

Qty in '000 tonnes

2017

2018

9

31

8

5

24

29

48

34

27

32

11

7

22

32

36

28

0 100

% of EU

JAPAN IMPORTS (Jan-Apr 2018 compared to 2017)


Source : GTA

PreviousPage


























Source : GTA

PreviousPage


Qty in

ktons

%

2018

/17

Qty in

ktons

%

2018

/17

Qty in

ktons

%

2018

/17

Qty in

ktons

%

2018

/17

New Zealand 155 + 3% 110 - 7% 138 + 7% 493 + 11%

EU-28 67 + 1% 273 + 0% 280 + 8% 126 - 9%

United States 15 + 88% 122 + 13% 260 + 27% 17 + 86%

Australia 4 - 5% 54 - 5% 54 + 13% 25 + 34%

Belarus 22 + 1% 61 - 2% 28 - 2% 12 + 39%

Uruguay 3 + 0% 10 - 10% 2 - 57% 34 + 8%

Jan-Apr 2018

compared to 2017

MAIN EXPORTING THIRD COUNTRIES

BUTTER(OIL) CHEESE S.M.P. W.M.P.

Qty in

ktons

%

2018

/17

Qty in

ktons

%

2018

/17

Qty in

ktons

%

2018

/17

Qty in

ktons

%

2018

/17

Chinaup to

M ar 31 + 30% 27 - 5% 82 + 11% 216 + 10%

Algeriaup to

M ar 3 + 6% 6 - 6% 55 + 32% 78 - 11%

Mexicoup to

M ar 6 - 62% 31 - 3% 84 + 12% 1 +++

Russiaup to

M ar 14 - 47% 62 + 15% 21 - 30% 6 - 58%

Japan 3 + 150% 93 + 7% 19 + 73% 0 - 29%

United States 14 - 5% 52 - 9% 0 + 59% 2 - 68%

BUTTER(OIL) CHEESE S.M.P. W.M.P.Jan-Apr 2018

compared to 2017

MAIN IMPORTING THIRD COUNTRIES
























GD

T

Au

cti

on

Au

cti

on

Average price (USD/MT, FAS)

Anhydrous Milk Fat

-2.5%$ 6 060

Butter

+0.8%$ 5 611

Butter MilkPowder

n/rn/a

Cheddar

-3.6%$ 3 847

Lactose

+8.2%$ 769

Rennet Casein

-2.2%$ 4 898

Skim MilkPowder

-1.1%$ 2 003


-1.2%

$ 3 481

Anhydrous Milk Fat

-2.5%$ 6 060

Butter

+0.8%$ 5 611

Butter MilkPowder

n/rn/a

Cheddar

-3.6%$ 3 847

Lactose

+8.2%$ 769

Rennet Casein

-2.2%$ 4 898

Skim MilkPowder

-1.1%$ 2 003

Whole MilkPowder

-1.0%$ 3 189


-1.2%

$ 3 481

Source : Globaldairytrade

Previousback to Dashboard

Download - (Jan -Feb 2018 compared to 2017) CHINA IMPORTSec.europa.eu/.../market-observatory/milk/pdf/dashboard-dairy_en.pdf · DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 14.05.2018 100

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