Milk Market Situation
Brussels, 17 June 2021
The United Kingdom is no longer a Member State of the European Union, however where it is deemed relevant (e.g. for comparison purposes) EU+UK aggregates may still be displayed.
!!! Data from some Member States are confidential and are NOT included in this table !!!
Jan-Apr 2021/20: -0.7%
(leap year adjusted: +0.1%)
-4.0% to -1.5%
-1.5% to -1.2%
-1.2% to -0.9%
-0.9% to 0.0%
0.0% to +1.0%
+1.0% to +2.6%
+2.6% to +5.4%
+5.4% to +18.0%
n/a-0.5
+1.4
-1.1
-0.4
-1.4
+1.1
+9.2
+5.2-0.6
-1.6
+2.9
+17.1
+5.5
-1.1
+6.0
-3.1
-1.2
-1.3
+1.0
0
+0.5+2.7
-1.0
-2.8
+2.6
Source : MS' Communications to Eurostat, FEGA, AGEA, Reg.479/2010.1(a)1
+1.0
DE, EL, HR, CY and SE figures based on MS notifications to DG AGRI - estimation for IT
The designations employed and the presentation of material on the map do not imply the expression of any opinion whatsoever o n the part of the European Union concerning the legal status of any country, territory or area or of its authorities, or concerning the delimitation of its frontiers or boundaries.
-2.0% to -0.9%
-0.9% to -0.7%
-0.7% to -0.6%
-0.6% to 0.0%
0.0% to +1.1%
+1.1% to +2.0%
+2.0% to +3.3%
+3.3% to +16.0%
n/a+1.2
+3.2
+1.7
+0.4
-0.9
+2.3
+5.2
+3.7+0.5
-0.9
+3.7
+16.0
+2.5
-0.6
+3.7
+1.4
-0.6
-1.6
+1.5
+0.5
+1.5+2.6
+0.6
-0.4
+3.2
Source : MS' Communications to Eurostat, FEGA, AGEA, Reg.479/2010.1(a)1
+0.8
Estimated figures for: EL, and IT
The designations employed and the presentation of material on the map do not imply the expression of any opinion whatsoever o n the part of the European Union concerning the legal status of any country, territory or area or of its authorities, or concerning the delimitation of its frontiers or boundaries.
10 000
11 000
12 000
13 000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
10
00
To
nn
es
EU - Cows' milk collected
2018
2019
2020
2021
Jan-Apr 2021/20: - 0.7%
Source: Estat (Newcronos) - MS notifications - CLAL(IT)
LU not included (confidential data)
Jan-Apr 2021/20 (leap year adjusted): + 0.1%
35.4
37.2
18
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
Jan 0
1
Jan 0
2
Jan 0
3
Jan 0
4
Jan 0
5
Jan 0
6
Jan 0
7
Jan 0
8
Jan 0
9
Jan 1
0
Jan 1
1
Jan 1
2
Jan 1
3
Jan 1
4
Jan 1
5
Jan 1
6
Jan 1
7
Jan 1
8
Jan 1
9
Jan 2
0
Jan 2
1
EUR/100 kgEU evolutive* Raw Milk Prices Evolution (up to Apr 2021)
Weighted EU Average (real fat content)
EU Milk Equiv. Price (based on SMP and Butter prices)
Source : MS’ communications under Reg. (EU) No 2017/1185 Article 12(a) - Annex II.4(a)
* : provisional figures
* EU evolutive: EU-15 (before 2004), EU-25 (2004 to 2006), EU-27 (2007 to 2013), EU-28 (2013 to 01/2020), EU-27 without UK (from 02/2020 onwards)
57.8
55.6
38.8
38.6
38.1
38.1
37.3
36.6
36.5
36.0
36.0
35.6
35.4
35.3
33.5
33.3
33.1
32.6
32.4
32.2
31.9
31.7
31.1
31.0
30.8
30.5
30.0
0
5
10
15
20
25
30
35
40
45
50
55
60
65
CY MT GR FI SE AT DK IE° FR NL IT DE EU* BE HR CZ PL ES BG SK LT SI EE HU RO LV PT
in E
UR
/1
00
kg
EU MILK PRICES
Milk price 2020
Milk price 2021
Source : Member States (Regulation (EU) No 2017/1185 Article 12(a) - Annex II.4(a))
( Apr 2021 vs Apr 2020 )
: estimated figures for Apr 2021*: without UK
100
150
200
250
300
350
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
EU
R/1
00 k
g
Weekly EU SMP Prices
2018 2019 2020 2021 IP 2009
Latest price : 260 EUR/100kg
Evolution compared to same period last year : +20%
265 262 261 260 255249 246
0
50
100
150
200
250
300
DE FR BE EU Avg. CZ PL IE
in E
UR/1
00 kg
EU S.M.P. Prices (up to 6.06.2021)
I.P. : 169.8
Source: Regulation (EU) No 2017/1185 Article 11 - Annex I.7
200
250
300
350
400
450
500
550
600
650Ja
n
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
EU
R/1
00 k
g
Weekly EU BUTTER Prices
2018 2019 2020 2021 IP 2009
Evolution compared to same period last year : +34%
Latest price : 413 EUR/100kg
504
452 447
422 413 412 407390 390 387
0
100
200
300
400
500
600
SK FR CZ EE EU Avg. BE DE ES PL IE
EU
R/1
00 k
g
EU BUTTER Prices (up to 6.06.2021)
Source : Regulation (EU) No 2017/1185 Article 11 - Annex I.7
I.P. = 221.75
100
150
200
250
300
350
400
450
500
550
600
650
700Jan 0
3
Jan 0
4
Jan 0
5
Jan 0
6
Jan 0
7
Jan 0
8
Jan 0
9
Jan 1
0
Jan 1
1
Jan 1
2
Jan 1
3
Jan 1
4
Jan 1
5
Jan 1
6
Jan 1
7
Jan 1
8
Jan 1
9
Jan 2
0
Jan 2
1
in E
UR/100 k
g
.
EU Quotations of Butter and SMP(EU average based on MS communication and weighted by production)
Butter Intervention buying in price SMP Intervention buying in price
BUTTER prices SMP prices
Source: MS’ communications under reg. 562/2005 and 479/2010
413
260
EU evolutive (without UK from 02/2020 onwards)
100
150
200
250
300
350
400
450
500
550
600
650
700
Jan 0
3
Jan 0
4
Jan 0
5
Jan 0
6
Jan 0
7
Jan 0
8
Jan 0
9
Jan 1
0
Jan 1
1
Jan 1
2
Jan 1
3
Jan 1
4
Jan 1
5
Jan 1
6
Jan 1
7
Jan 1
8
Jan 1
9
Jan 2
0
Jan 2
1
in E
UR/1
00 k
g
EU evolutive* dairy Quotations
(EU Average Prices based on MS communication and weighted by production)
BUTTER
SMP
WMP
CHEDDAR
Source: Regulation (EU) No 2017/1185 Article 11 - Annex I.7
* EU evolutive: EU-15 (before 2004), EU-25 (2004 to 2006), EU-27 (2007 to 2013), EU-28 (2013 to 01/2020), EU-27 without UK (from 02/2020 onwards)
150
200
250
300
350
400
450Ja
n
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
EU
R/1
00 k
g
Weekly EU WMP Prices
2018 2019 2020 2021
Evolution compared to same period last year : +19%
Latest price : 322 EUR/100kg
200
250
300
350
400
450
500
550
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
EU
R/1
00 k
g
Weekly EU* CHEDDAR Prices
2018 2019 2020 2021
Evolution compared to same period last year : +4%
Latest price : 313 EUR/100kg
200
250
300
350
400
450
500
550
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
EU
R/100 k
g
Weekly EU* EDAM Prices
2018 2019 2020 2021
Evolution compared to same period last year : +10%
Latest price : 326 EUR/100kg
50
60
70
80
90
100
110
120
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
EU
R/1
00 k
g
Weekly EU WheyPowder Prices
2018 2019 2020 2021 Series2
Evolution compared to same period last year : +35%
Latest price : 101 EUR/100kg
EUR/USD
1.2195
3 538
3 131
2 846
1 000
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
5 500
Fe
b 1
4
Ma
y 14
Aug
14
Nov 1
4
Fe
b 1
5
Ma
y 15
Aug
15
Nov 1
5
Fe
b 1
6
Ma
y 16
Aug
16
Nov 1
6
Fe
b 1
7
Ma
y 17
Aug
17
Nov 1
7
Fe
b 1
8
Ma
y 18
Aug
18
Nov 1
8
Fe
b 1
9
Ma
y 19
Aug
19
Nov 1
9
Fe
b 2
0
Ma
y 20
Aug
20
Nov 2
0
Fe
b 2
1
Ma
y 21
Prices in U
SD
/tonne
EU*/US/Oceania Quotations of SMP
Avg Oceania SMP quotation
Avg EU SMP internal Price
Avg US SMP quotation
Source: MS’ communications under Reg. 2017/1185 & USDA market news
* EU evolutive
4 150
3 9073 977
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
5 500
6 000
Fe
b 1
4
Ma
y 14
Aug
14
Nov 1
4
Fe
b 1
5
Ma
y 15
Aug
15
Nov 1
5
Fe
b 1
6
Ma
y 16
Aug
16
Nov 1
6
Fe
b 1
7
Ma
y 17
Aug
17
Nov 1
7
Fe
b 1
8
Ma
y 18
Aug
18
Nov 1
8
Fe
b 1
9
Ma
y 19
Aug
19
Nov 1
9
Fe
b 2
0
Ma
y 20
Aug
20
Nov 2
0
Fe
b 2
1
Ma
y 21
Prices in U
SD
/tonne
EU*/US/Oceania Quotations of WMP
Avg Oceania WMP quotation
Avg EU WMP internal Price
Avg US WMP quotation
Source: MS’ communications under Reg. 2017/1185 & USDA market news
* EU evolutive
5 1254 996
3 988
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
5 500
6 000
6 500
7 000
7 500
8 000
8 500
Fe
b 1
4
Ma
y 14
Aug
14
Nov 1
4
Fe
b 1
5
Ma
y 15
Aug
15
Nov 1
5
Fe
b 1
6
Ma
y 16
Aug
16
Nov 1
6
Fe
b 1
7
Ma
y 17
Aug
17
Nov 1
7
Fe
b 1
8
Ma
y 18
Aug
18
Nov 1
8
Fe
b 1
9
Ma
y 19
Aug
19
Nov 1
9
Fe
b 2
0
Ma
y 20
Aug
20
Nov 2
0
Fe
b 2
1
Ma
y 21
Prices in U
SD
/tonne
EU*/US/Oceania Quotations of Butter
Avg Oceania Butter quotation
Avg EU Butter internal Price
Avg US Butter quotation
Source: MS’ communications under Reg. 2017/1185 & USDA market news
* EU evolutive
4 425
3 808
3 402
2 000
2 500
3 000
3 500
4 000
4 500
5 000
5 500
6 000
6 500
Fe
b 1
4
Ma
y 14
Aug
14
Nov 1
4
Fe
b 1
5
Ma
y 15
Aug
15
Nov 1
5
Fe
b 1
6
Ma
y 16
Aug
16
Nov 1
6
Fe
b 1
7
Ma
y 17
Aug
17
Nov 1
7
Fe
b 1
8
Ma
y 18
Aug
18
Nov 1
8
Fe
b 1
9
Ma
y 19
Aug
19
Nov 1
9
Fe
b 2
0
Ma
y 20
Aug
20
Nov 2
0
Fe
b 2
1
Ma
y 21
Prices in U
SD
/tonne
EU*/US/Oceania Quotations of Cheddar
Avg OceaniaCheddar quotation
Avg EU Cheddar internal Price
Avg US Cheddar quotation
Source: MS’ communications under Reg. 2017/1185 & USDA market news
* EU evolutive
EU*: without UK
Main exporters
EU*: without UK
Main exportersnotice: trade between EU and UK for May 2020 is incomplete.
Main exporters
EU Exports (1/2)Source : Eurostat (COMEXT)
0
50
100
150
200
250
300
2014 2015 2016 2017 2018 2019 2020
178187
232
206 198
240261
1000 Tonnes
BUTTER exports
0
5
10
15
20
25
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan- Apr 2021 exports compared to 2020 : - 15%
BUTTER exports
2020
2021
Trade with UK excuded for monthly data (not complete)
0
100
200
300
400
500
600
700
800
900
1 000
2014 2015 2016 2017 2018 2019 2020
661707
597
794826
946831
1000 TonnesSMP exports
0
20
40
60
80
100
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan- Apr 2021 exports compared to 2020 : + 1%
SMP exports
2020
2021
Trade with UK excuded for monthly data (not complete)
EU Exports (2/2)
0
200
400
600
800
1 000
1 200
1 400
1 600
2014 2015 2016 2017 2018 2019 2020
1 152 1 1591 231 1 275 1 279
1 3481 400
1000 Tonnes
CHEESE exports
0
100
200
300
400
500
2014 2015 2016 2017 2018 2019 2020
375 386 381404
346315
345
1000 TonnesWMP exports
0
20
40
60
80
100
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan- Apr 2021 exports compared to 2020 : + 7%
CHEESE exports
2020
2021
Trade with UK excuded for monthly data (not complete)
0
10
20
30
40
50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan- Apr 2021 exports compared to 2020 : - 2%
WMP exports
2020
2021
Trade with UK excuded for monthly data (not complete)
Main importers
Main importers
Main Dairy Importers (Butter + Butteroil 1/2)
0
25
50
75
100
125
2014 2015 2016 2017 2018 2019 2020
8071
8292
113
86
116
1000 Tonnes
China
0
5
10
15
20
25
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Apr 2021 compared to 2020 : + 12%
2020
2016
2021
0
25
50
75
100
125
2014 2015 2016 2017 2018 2019 2020
139
96 105 9887
116 125
1000 Tonnes
Russia
0
2
4
6
8
10
12
14
16
18
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Apr 2021 compared to 2020 : - 1%
2020
2021
2020
Main Dairy Importers (Butter + Butteroil 2/2)
Source: IHS Mark it/GTA - Eurostat(COMEXT)
0
25
50
75
100
125
2014 2015 2016 2017 2018 2019 2020
2240 47 43
5767 68
1000 Tonnes
United States
0
25
50
75
100
125
2014 2015 2016 2017 2018 2019 2020
69 73 77 84 79 74 75
1000 Tonnes
United Kingdom HMRC
0
2
4
6
8
10
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes Jan-Apr 2021 compared to 2020 : - 12%
2020
2021
Jan-Apr 2021 compared to 2020 : - 12%
0
2
4
6
8
10
12
14
16
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Mar 2021 compared to 2020 : - 45%
2020
20162019
Jan-Mar 2021 compared to 2020 : - 45%
2021
Main Dairy Importers (S.M.P. - 1/2)
Rem: for confidentiality reasons, trade data from Mexico are incomplete and therefore not presented here.
0
50
100
150
200
250
300
350
2014 2015 2016 2017 2018 2019 2020
253200 184
247280
344 336
1000 Tonnes
China
0
10
20
30
40
50
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
2020
2019
2021
Jan-Apr 2021 compared to 2020 : + 36%
0
50
100
150
200
250
2014 2015 2016 2017 2018 2019 2020
146 145 159 147 160188 197
1000 Tonnes
Indonesia
0
10
20
30
40
50
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Mar 2021 compared to 2020 : + 5%
2020
2017
Jan-Mar 2021 compared to 2020 : + 5%
2021
Main Dairy Importers (S.M.P. – 2/2)
0
50
100
150
200
250
2014 2015 2016 2017 2018 2019 2020
138 147 135 121 129 126 117
1000 Tonnes
Malaysia
0
5
10
15
20
25
30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
2020
2014
Jan-Mar 2021 compared to 2020 : + 24%
2016
2019
2021
0
5
10
15
20
25
1000 tonnes
Jan-Mar 2021 compared to 2020 : + 5%
2009
2010
0
50
100
150
200
250
2014 2015 2016 2017 2018 2019 2020
95 101
185154 159 177 179
1000 Tonnes
Philippines
0
5
10
15
20
25
30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Mar 2021 compared to 2020 : + 5%
2020
2021
Main Dairy Importers (W.M.P. 1/2)
0
100
200
300
400
500
600
700
2014 2015 2016 2017 2018 2019 2020
671
347420 470 521
671 644
1000 Tonnes
China
0
50
100
150
200
250
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Apr 2021 compared to 2020 : + 17%
20202021
0
50
100
150
200
250
300
350
2014 2015 2016 2017 2018 2019 2020
42 46 47 50 60 59 58
1000 Tonnes
Thailand
0
2
4
6
8
10
12
14
16
18
20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Apr 2021 compared to 2020 : - 18%
2020
2017
Jan-Apr 2021 compared to 2020 : - 18%
2019
2021
Main Dairy Importers (W.M.P. 2/2)
0
50
100
150
200
250
300
350
2014 2015 2016 2017 2018 2019 2020
3059
12673 68 61
89
1000 Tonnes
Brazil
0
50
100
150
200
250
300
350
2014 2015 2016 2017 2018 2019 2020
81 75 86 87 104 9653
1000 Tonnes
Hong Kong
0
2
4
6
8
10
12
14
16
18
20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Apr 2021 compared to 2020 : + 70%
2020
2021
0
2
4
6
8
10
12
14
16
18
20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnesJan-Apr 2021 compared to 2020 : - 50%
2020
2013 2016
Jan-Apr 2021 compared to 2020 : - 50%
2021
Main Dairy Importers (Cheese – 1/2)
0
100
200
300
400
500
600
2014 2015 2016 2017 2018 2019 2020
469 494 490 494 523 536 496
1000 Tonnes
United Kingdom HMRC
0
10
20
30
40
50
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Mar 2021 compared to 2020: - 22%
2020
2016 2017
2021
0
50
100
150
200
250
300
350
2014 2015 2016 2017 2018 2019 2020
321
209 223 226 249278
311
1000 Tonnes
Russia
0
5
10
15
20
25
30
35
40
45
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Apr 2021 compared to 2020: + 18%
2020
2021
Main Dairy Importers (Cheese – 2/2)
Source: IHS Mark it/GTA - Eurostat(COMEXT)
0
50
100
150
200
250
300
350
2014 2015 2016 2017 2018 2019 2020
165200 205 183 176 180 165
1000 Tonnes
United States
0
50
100
150
200
250
300
350
2014 2015 2016 2017 2018 2019 2020
232 249 258 273 286 303 292
1000 Tonnes
Japan
0
5
10
15
20
25
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Apr 2021 compared to 2020: + 4%
2020
2021
0
5
10
15
20
25
30
35
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Apr 2021 compared to 2020: + 2%
20202021
7 000
7 200
7 400
7 600
7 800
8 000
8 200
8 400
8 600
8 800
9 000
9 200Jan
Fe
b
Ma
r
Apr
Ma
y
Jun
Jul
Aug
Sep
Oct
Nov
Dec
in 1
000 t
on
ne
s
U.S. milk production
2018
2019
2020
2021
Source:USDA
Jan-Apr 2021 compared to 2020 : + 1.6%
Source: Dairy Australia
500
600
700
800
900
1 000
1 100
1 200Ju
l
Au
g
Sep
Oc
t
No
v
Dec
Ja
n
Fe
b
Ma
r
Ap
r
Ma
y
Ju
n
in 1
000 t
on
ne
s
Jul-Mar 2020/21 compared to 2019/20 : + 0.9%
Australian milk production
2017/18
2018/19
2019/20
2020/21
Source: DCANZ - Fonterra
0
500
1 000
1 500
2 000
2 500
3 000
3 500
Ju
n
Ju
l
Au
g
Sep
Oc
t
No
v
Dec
Ja
n
Fe
b
Ma
r
Ap
r
Ma
y
in 1
000 t
on
ne
s
.
Jun-Apr 2020/21 compared to 2019/20 : + 2.4%
NZ milk production
2017/18
2018/19
2019/20
2020/21
GDT Auction results
Average price (USD/MT, FAS)
Event 2851 June 2021
-0.9%
$4 128
Event 2851 June 2021
-0.9%
$4 128
Anhydrous Milk Fat
-0.8%$ 5 654
Butter
-5.4%$ 4 690
Butter MilkPowder
-7.5%$ 3 810
Cheddar
+0.5%$ 4 324
Lactose
-1.6%$ 1 236
Skim MilkPowder
-0.5%$ 3 415
Whole MilkPowder
-0.5%$ 4 062
Thank you