EU Market Situation for

Eggs

Committee for the Common Organisation

of the Agricultural Markets

23 October 2014

DG AGRI C3 23 October 2014

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Eggs for Consumption 6.998 6.851 6.740 6.657 6.675 6.450 6.417 6.429 6.278 6.521 6.597 6.660

Total Eggs 7.642 7.502 7.438 7.424 7.486 7.313 7.297 7.303 7.265 7.333 7.436 7.447

Hatching eggs 644 651 699 768 811 863 880 874 986,6 812,2 839,5 787,9

5.000

5.500

6.000

6.500

7.000

7.500

Thou

sand

Ton

s

Experts EU production forecast on Eggs

2014Egg for cons. +1,2%6 597 Th TEgg Total +1,4%7 436 Th T

2015Egg for cons. +1,0% 6 660 Th TEgg Total +0,2% 7 447 Th T

DG AGRI C3 23 October 2014

0

200

400

600

800

1 000

BE BG CZ DK DE EE EL ES FR IE IT CY LV LT HU MT NL AT PL PT RO SI SK FI SE UK

Qty

in 1

000 t

on

nes

Experts EU production forecast of Eggs for consumption2014: 6 596.7 Th T ( + 1.2 %) & 2015: 6 659.5 Th T ( + 0.5 %)

2012 2013 2014 2015

DE : 0.6%

NL : 0.6% UK :

2.8%

HU : -3.7%

FI : 1.5%

IT : 1.3%

FR : -2.9%

SK : 0.3%

RO : 0.0%

PT : 0.0%

IE : 0.0%

DK : 0.0%

BG : 2.4%

ES : 8.5%

DG AGRI C3 23 October 2014

0

200

400

600

800

1 000

BE BG CZ DK DE EE EL ES FR IE IT CY LV LT HU MT NL AT PL PT RO SI SK FI SE UK

Qty

in 1

000 t

on

nes

Experts EU production forecast of Total Eggs(Eggs in shell + Hatching Eggs)

2014: 7 436.2 Th T ( + 1.4%) & 2015: 7 447.4 ThT ( + 0.2%)

2013 2014 2015 2015

DE : 0.6%

HU : -2.9%

NL : 0.5%

FI : 1.5%

UK : 2.8%

IT : 1.2%

SK : 0.4%

RO : 0.0%

PT : 0.0%

IE : 0.0%

FR : -2.7%

DK : 0.0%

BG : 2.2%

ES : 0.0%

DG AGRI C3 23 October 2014

0

100

200

300

BE BG CZ DK DE EE EL ES FR IE IT CY LV LT HU MT NL AT PL PT RO SI SK FI SE UK

Qty

in 1

000 t

on

nes

Experts EU production forecast of Hatching Eggs2014: 839.5 Th T ( +3.4 %) & 2015: 842.9 Th T ( + 0.4 %)

2012 2013 2014 2015

HU : 2.4%

UK : 2.9%

SK : 1.4%

RO : 0.0%

FI : 0.0%

PT : 0.0%

NL : 0.0%

IT : 0.0%

IE : 0.0%

FR : 0.0%

DE : 0.0%

DK : 0.0%

BG : 0.0%

85

105

125

145

165

185

1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52

€u

ro/

10

0k

g

Evolution of the weekly EU average price for Class A eggs in packing stations

Moy.09-13 2011 2012 2013 2014

DG AGRI C3 23 October 2014

DG AGRI C3 23 October 2014

0

7.500

15.000

22.500

30.000

37.500

| 2010 | 2011 | 2012 | 2013 | 2014 |

1.0

00 p

.

Placings of Laying chicks (1 000 pieces)compared to the baseline trend

(baseline= monthly avg 2010 - 2013)

Placings Laying Hens (baseline= monthly avg 2010 - 2013) - laying chicks

Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec.2013 26.225 23.042 26.777 27.539 26.832 25.923 24.550 20.098 23.553 22.822 20.108 21.000 2014 23 910 23 841 29 431 27 033 24 590 23 879 18 785 13 949

DG AGRI C3 23 October 2014

0

40

80

120

160

0

1.500

3.000

4.500

6.000

7.500

9.000

| 2010 | 2011 | 2012 | 2013 | 2014 |

Pric

e €u

ro/1

00kg

Mio

p.

Production forecast of eggs in shell (Mio p).compared to the price development

Forecast Production Eggs Price Eggs

Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec.2013 7.519 7.497 7.474 7.458 7.443 7.529 7.446 7.420 7.424 7.442 7.412 7.238 2014 7 262 7 234 7 219 7 147 6 971 7 122 7 088 7 112 7 208 7 143 7 188

DG AGRI C3 23 October 2014

40,00

65,00

90,00

115,00

140,00

165,00

190,00

| 10 | 11 | 12 | 13 | 14 |

Egg prices of EU, USA, Brazil and Indiain €uro/ 100kg

EU egg

US egg €uro

BR Egg €uro

IN NECC €uro

69,93

129,26

104,27

133,01

EU = weighted avg of MS prices Average class L&MUS = weekly USDA prices Eggs grade A ,ChicagoBR = avg of prices in main producing states (noticiasagricolas.com.br)IN = avg of NECC prices in available Production Centres (e2necc.com)

DG AGRI C3 23 October 2014

0,00

40,00

80,00

120,00

160,00

200,00

| 2011 | 2012 | 2013 | 2014 |

€uro

/ 100kg

Prices of Eggs for consumption and Eggs for breaking 2011 - 2014

Eggs for Consumption US breaking (high)

EU Barn cage free breaking (high) EU Enriched cage breaking (high)

DG AGRI C3 23 October 2014

0,0

40,0

80,0

120,0

160,0

200,0

240,0

1|

5 9 13 17 21 252012

29 33 37 41 45 49 1|

5 9 13 17 21 252013

29 33 37 41 45 49 1|

5 9 13 17 21 252014

29 33 37 41 45 49 1|

€/10

kg

Maximum weekly prices for individual egg products in the EU and the USA in €/10kg

whole plain EU Yolk EU Albumen Spray EU

whole plain US Yolk US Albumen Spray US

DG AGRI C3 23 October 2014

0,0

100,0

200,0

300,0

400,0

| 2012 | 2013 | 2014 |

€/1

0 k

g

Prices of Egg products in the EU and the USA(in €/10 kg)

Yolk 44% pasturised EU Yolk 11% salted EU

Yolk 43% pasturised USA Yolk 10% salted USA

DG AGRI C3 23 October 2014

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30

60

90

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04 05 06 07 08 09 10 11 12 13 ja fe mr ap ma jn jl au se oc no de

Euro

/ 10

0kg

Margin between Feed cost and Egg price in Egg production

marge

Marge 2009 - 2013

feed

egg

DG AGRI C3 23 October 2014

0

20

40

60

80

100

120

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53

Rem

aind

er

€uro

/ 100

kg

100KG Egg minus feedcost for Laying Hensfeedconversionrate = 2,7(2009) - 2,2(2014)

Marge Average09 - 13

Marge Egg 2011 Marge Egg 2012 Marge Egg 2013 Marge Egg 2014

DG AGRI C3 23 October 2014

EU Imports of Eggs:Trade Figures (Comext – tonnes egg equiv.) not incl. Hatching eggs

Compared

tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Aug 13

India 3.211 9,4% 1.554 7,5% 3.657 9,7% 3.856 18,9% 3.566 44,4% + 60,8%

USA 14.009 40,9% 5.960 28,6% 15.183 40,2% 6.853 33,5% 2.376 29,6% - 56%

Argentina 7.937 23,2% 8.115 39,0% 10.162 26,9% 5.734 28,0% 835 10,4% - 81%

Norw ay 1.722 5,0% 1.502 7,2% 1.474 3,9% 1.969 9,6% 798 9,9% - 46%

Sw itzerland 337 1,0% 342 1,6% 332 0,9% 355 1,7% 329 4,1% + 56%

Israel 941 2,7% 547 2,6% 1.393 3,7% 349 1,7% 100 1,2% - 55%

Others 6.087 0,2% 2.787 0,0% 5.528 0,0% 1.338 0,0% 32 0,4%

EXTRA EU 28 34.244 20.806 37.729 20.454 8.037

% change - 39% + 81% - 46% - 47,1%

2010 2011 2012 Jan-Aug 142013

DG AGRI C3 23 October 2014

EU Egg Imports

1.603 2.218 3.566

11.846

5.370 2.376

4.662

1.467

132

27.848

15.204

8.037

0

5.000

10.000

15.000

20.000

25.000

30.000

Jan-Aug 12 Jan-Aug 13 Jan-Aug 14

Total EU Import of Eggs - not incl. Hatching eggs

(Tonnes eggs equiv)

India USA Argentina Norway Switzerland Other destinations

2.157 2.594 3.316

18.603

12.1028.123

4.196

181

32.655

22.208

13.375

0

5.000

10.000

15.000

20.000

25.000

30.000

35.000

Jan-Aug 12 Jan-Aug 13 Jan-Aug 14

Total EU Import of Eggs - not incl. Hatching eggs

(1000 EUR)

India USA Argentina Norway Switzerland Other destinations

DG AGRI C3 23 October 2014

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0

20

40

60

80

2013 (up to August) 2014 (up to August)

Qty

in 1

00

0 T

on

ne

s

Main Importers of EGGS Products (up to August)

Source : GTA & Eurostat (excl. Eggs for hatching)

DG AGRI C3 23 October 2014

EU Exports of Eggs:Trade Figures (Comext – tonnes egg equiv.) not incl. Hatching eggs

Compared

tonnes % tonnes % tonnes % tonnes % tonnes % to Jan-Aug 13

Japan 52.923 29% 66.357 31% 66.938 36% 64.527 30% 51.763 36% + 30,5%

Sw itzerland 45.072 25% 42.168 19% 41.893 23% 42.086 20% 25.467 17% - 8%

U.A.Emirates 5.888 3% 8.262 4% 1.674 1% 10.450 5% 4.487 3% - 20%

Iraq 20 0% 1.552 1% 1.139 1% 7.741 4% 5.531 4% +++

Russia 5.293 3% 4.947 2% 5.982 3% 10.539 5% 4.773 3% - 33%

Angola 10.414 6% 17.524 8% 17.109 9% 12.906 6% 8.074 6% - 17%

Equat.Guinea 1.487 1% 1.945 1% 1.632 1% 2.215 1% 1.736 1% + 3%

Secr.Extra 2.164 1% 1.148 1% 2.638 1% 8.262 4% 2.267 2% - 52%

Israel 1.308 1% 2.654 1% 1.060 1% 936 0% 2.197 2% +++

Thailand 6.180 3% 7.254 3% 6.409 3% 5.919 3% 3.392 2% - 18%

Taiw an 7.145 4% 7.941 4% 4.626 2% 3.412 2% 1.823 1% - 31%

Others 43.825 24% 55.353 25% 34.694 19% 45.623 21% 34.229 23%

EXTRA EU 28 181.719 217.105 185.793 214.617 145.738

% change + 19% - 14% + 16% + 8,4%

2010 2011 2012 Jan-Aug 142013

DG AGRI C3 23 October 2014

EU Egg Exports

44.845 39.66151.763

27.68627.622

25.467

35.351 48.87750.130

124.502134.400

145.738

0

20.000

40.000

60.000

80.000

100.000

120.000

140.000

160.000

Jan-Aug 12 Jan-Aug 13 Jan-Aug 14

Total EU Export of Eggs not incl. hatching eggs (T. eggs equiv.)

Japan Switzerland Angola Iraq Russia Other origins

37.549 40.97256.363

41.05946.387

36.267

8.601

43.973

59.46463.635

142.974

166.949176.715

0

20.000

40.000

60.000

80.000

100.000

120.000

140.000

160.000

180.000

200.000

Jan-Aug 12 Jan-Aug 13 Jan-Aug 14

Total EU Export of Eggs not incl. hatching eggs (1000 EUR)

Japan Switzerland Angola Iraq Russia Other origins

DG AGRI C3 23 October 2014

0

5.000

10.000

15.000

20.000

25.000

30.000

|Jan06

2006 |Jan07

2007 |Jan08

2008 |Jan09

2009 |Jan10

2010 |Jan11

2011 |Jan12

2012 |Jan13

2013 |Jan14

2014

in Tonnes egg equiv.

EU-27/28 Exports of selected EGGS products (including Hatching eggs)

FRESH Albumin Not In Shell Yolk Haching

DG AGRI C3 23 October 2014

EU Egg Trade Balance (not including Hatching eggs)

1018

2318 17

27

16

30

69

2530

3945

2330 34

21

38

20

8

144

164

186

209

231

201 205

191

142

198 198202

167

187

150

182

217

186

215

146

0

25

50

75

100

125

150

175

200

225

250

275

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Jan-Aug14

in 1000 TonnesIMPORTS EXPORTS

DG AGRI C3 23 October 2014

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(u

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0

40

80

120

160

2013 (up to August) 2014 (up to August)

Qty

in

10

00

To

nn

es

(p

w)

Main Exporters of EGGS Products (up to August)

(excl. Eggs for hatching)Source : GTA & Eurostat