DG AGRI DASHBOARD: DAIRY PRODUCTS EU average quotations of main commodities 50 42.5 € (18 Dec) 45 45 40 DEC + 4.0% + 3.7% 3 738 3 816 + 1.4% + 3.5% - 8.7% 0 (USD/Barrel) 1.40 Jan 17 Evolution ( 4 last weeks ) 100 1.30 Jan 16 Jan 15 Jan 14 Feed / Energy quotations 120 La s t update : 18.12.16 La s t Update : 21.12.16 Jan 13 Jan 12 Jan 11 Jan 10 NOV DEC SEP OCT AUG JUL JUN MAY APR MAR FEB JAN 10 Jan 09 Jan 17 Jan 16 Jan 15 Jan 14 Jan 13 Jan 12 Jan 11 Jan 10 Jan 09 Jan 08 Jan 07 Jan 06 150 OIL : Europe Brent Spot Price EUR / USD Exchange Rate (week 50) 80 1.20 53.99 60 1.10 1.0364 Feed costs + 1.3 % Energy costs + 8.5 % 40 1.00 20 Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan - 0.8% USD/Feed/Energy 3 086 2017 3 275 2016 3 091 2015 WMP 20 US Mil k (class III adj 4.2% fat) NZ Mi lk - (Fonter ra, adj 4.2% fat & 3.35% prot) EU Raw Mil k price 2014 + 8.1% 2013 + 2.8% nc 2012 + 6.1% + 1.9% 2011 + 1.9% 2 151 2010 4 613 2 363 2009 4 363 2 145 2008 4 490 SMP 3 504 Jan 05 Jan 04 Jan 03 Jan 02 USA 2007 Oceania 2006 EU 2005 USA 40 33.7 32.3 30 30.6 Butter Cheddar 50 % change (15 days ago) 2004 Oceania The latest EU Raw Milk Price (Nov 2016) is still provisional 2003 EU 200 10 U.S. and New Zealand Milk Prices Evolution LATEST WORLD QUOTATIONS Price in USD/Tonne on 11.12.2016 20 EUR/100 kg €/100 kg 35.0 € (18 Dec)30 20 Weighted EU Average (real fat content) EU Milk Equiv. Price (based on SMP and Butter prices) 2001 World Quotations + 1.1% 2002 332 CHEDDAR + 4.5% €/100 kg Jan 01 310 250 40 Jan 08 SEP OCT JUL AUG JUN MAY NOV 50 * : provisional figures W.M.P. 350 300 WEEKLY Milk Spot Prices - NL - Jan 05 25 400 EUR/100 kg + 3.2% 2013 2014 2015 2016 Jan 03 €/100 kg 30.6 30 450 20 M… - 0.2% i n EUR/100 kg Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan 206 S.M.P. 34.1 35 APR 419 BUTTER €/100 kg 25 FEB (week 50) 30 40 Compared to the average of the previous 4 weeks JAN EU Prices 35 EU Prices Butter Intervention price SMP Intervention price BUTTER SMP WMP CHEDDAR Jan 07 EUR/100 kg + 7.3% €/100 kg 2-WEEKLY Milk Spot Prices 55 - IT, Lodi - Jan 06 50 Jan 04 29.8 Raw Milk 2013 2014 2015 2016 EU Raw Milk Prices Evolution (up to November 2016*) Evolution since last month Oct-2016 EUR/100 kg EU Price Last update : 22.12.2016 Period : January - October Extra-EU Saudi Arabia USA Egypt in Tonnes Extra-EU Algeria 2016 in Tonnes 2016 100 836 108 977 143 010 + 31% Extra-EU 607 666 589 120 666 239 7 256 11 439 17 023 + 49% USA 7 108 2 362 2014 529 356 114 296 14 948 15 408 9 893 12 087 S.M.P. 2015 + 3% + 22% 2016 578 738 478 474 96 826 72 060 Japan Switzerland in Tonnes - 17% - 26% 97 930 115 798 117 130 39 045 56 792 64 714 44 619 45 352 47 257 2014 + 13% + 1% + 14% + 4% W.M.P. 2015 2016 Extra-EU 332 061 339 884 328 093 Oman 40 103 49 944 43 993 - 3% - 12% Indonesia 40 713 39 153 39 936 + 2% Algeria 61 290 29 318 27 413 - 6% China 57 459 42 451 39 304 - 7% China 7 038 15 570 17 015 + 9% CHEESE + 29% 173 161 S.M.P. - 7% 300 355 355 410 W.M.P. WHEYPOWDER 16 18 9 16 CASEIN(ATE)S CONDENSED 2016 0 200 400 New Zealand + 18% United States 39 34 33 27 + 15% + 70% 72 93 14 22 - 2% 0 Sources : EUROSTAT, Reg. (EU) 479/2010, Clal.it, USDA, Lto.nl, Nasdaq, European Central Bank, Dairyaustralia, Dcanz, Global Trade Atlas, up to Sep EU-28 1 2 + 11% 2015 75 73 LACTOSE 10 10 13 15 22 23 + 24% 100 2000 Qty in ktons % 2016 /15 CHEESE Qty in ktons Qty in ktons 8250 in 1000 tonnes 8000 7750 1000 500 Dec Oct Nov Sep Aug Jul Jun May Mar Jan Feb Apr 7000 May Apr Feb Mar Jan Dec Oct Nov Sep Jul Aug Jun 7250 MAIN IMPORTING THIRD COUNTRIES W.M.P. % 2016 /15 7500 2013 2014 2015 2016 0 S.M.P. % 2016 /15 8500 1500 2013/14 2014/15 2015/16 2016/17 Jun Dec Nov Oct Sep Aug Jul Jun May 56 69 61 78 BUTTER + OIL 900 500 Jan-Oct 2016 compared to 2015 % of EU Qty in '000 tonnes World Trade EU Trade in Tonnes CHEESE 2014 2015 2500 600 BUTTER(OIL) Jan-Nov 2016 compared to 2015 : + 1.8% 3000 1 000 MAIN EXPORTING THIRD COUNTRIES CHINA IMPORTS (Jan-Oct 2016 compared to 2015) EU Exports - Top 3 destinations in 2016 BUTTER 2014 2015 Apr Mar Feb Jan 10 000 in 1000 tonnes 700 May Jan-Oct 2016/15 : + 1.2% Apr 11 000 Mar - 20% U.S. milk production 800 2013/14 2014/15 2015/16 2016/17 Jan -11.8% Feb - 10% 12 000 Dec -0.1% -0.5% 13 000 Oct + 0% NZ milk production Jun-Nov 2016/17 compared to 2015/16 : - 3.0% 3500 1 100 in 1000 tonnes Nov +2.9% +1.7% Sep +4.1% +5.9% +5.2% Aug +1.2% Qty in ktons Jan-Oct 2016 compared to 2015 % 2016 /15 BUTTER(OIL) Qty in ktons % 2016 /15 CHEESE Qty in ktons % 2016 /15 S.M.P. Qty in ktons W.M.P. % 2016 /15 Qty in ktons % 2016 /15 347 + 3% 251 + 9% 303 + 15% 885 - 4% China 69 + 24% 78 + 29% 161 - 7% 355 + 18% 195 + 32% 666 + 13% 478 - 17% 328 - 3% Russia up to Sep 70 - 2% 165 + 11% 104 + 30% 32 + 33% 23 + 10% 235 - 13% 466 - 1% 54 + 63% Mexico up to Sep 37 + 42% 90 + 2% 209 + 17% 10 + 81% Belarus up to Sep 58 + 8% 153 + 14% 84 - 10% 23 - 18% Algeria 11 + 17% 30 + 9% 93 - 25% 183 - 8% Australia up to Sep 23 - 7% 121 - 2% 114 - 21% 51 + 8% Japan 10 - 38% 212 + 3% 29 - 39% 0 + 34% 10 - 41% 30 + 37% 15 - 32% 112 + 43% United States 41 + 28% 165 + 5% 1 - 73% 14 + 48% Uruguay GDT Auction + 10% Australian milk production Jul-Oct 2016/17 compared to 2015/16 : - 10.3% 1 200 Jul 2013 2014 2015 2016 World Productions EU - Cows' milk collected 14 000 1000 Tonnes EU Productions Source : EU Productions (Jan-Oct 2016 compared to Jan-Oct 2015) Event 178 Anhydrous Milk Fat Butter 20 December 2016 -0.5% Average price (USD/MT, FAS) $ 3 656 $ 5 367 +0.5% $ 4 290 Butter Milk Powder Cheddar Lactose Rennet Casein Skim Milk Powder Whole Milk Powder +3.1% +1.9% -1.6% +3.3% +0.0% -0.8% $ 2 874 $ 3 826 $ 857 $ 6 473 $ 2 621 $ 3 568 EU Price Evolution since last month Oct-2016 29.8 EU Prices (week 50) €/100 kg + 7.3% Compared to the average of the previous 4 weeks BUTTER 419 €/100 kg - 0.2% S.M.P. 206 €/100 kg + 3.2% W.M.P. 310 €/100 kg + 4.5% CHEDDAR 332 €/100 kg + 1.1% Jan 01 EU Prices Raw Milk Next ons Source : DG AGRI – Reg. 479/2010 Art. 2 back to Dashboard EU Raw Milk Prices Evolution (up to November 2016*) 50 EUR/100 kg 45 40 34.1 35 30.6 30 25 Jan 17 Jan 16 Jan 15 Jan 14 Jan 13 Jan 12 Jan 11 Jan 10 Jan 09 Jan 08 Jan 07 Jan 06 Jan 05 Jan 04 Jan 03 Jan 02 Jan 01 * : provisional figures 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 Page Previous Next back to Dashboard 2013 2014 2015 2016 2-WEEKLY Milk Spot Prices 55 - IT, Lodi - 40 35 30 50 40 EUR/100 kg 50 42.5 € (18 Dec) 45 WEEKLY Milk Spot Prices - NL - 35.0 € (18 Dec)30 20 10 DEC NOV OCT SEP AUG JUL JUN MAY APR MAR FEB JAN DEC NOV OCT SEP AUG JUL JUN MAY 20 APR M… FEB JAN 25 EUR/100 kg 2013 2014 2015 2016 Source : Clal.it Page Previous Next back to Dashboard EU average quotations of main commodities Butter Intervention price SMP Intervention price BUTTER SMP WMP CHEDDAR i n EUR/100 kg 450 400 350 300 250 200 Jan 17 Jan 16 Jan 15 Jan 14 Jan 13 Jan 12 Jan 11 Jan 10 Jan 09 Jan 08 Jan 07 Jan 06 Jan 05 Source : DG AGRI – Reg. 479/2010 Art. 2 Page Previous Jan 04 Jan 03 150 Next back to Dashboard LATEST WORLD QUOTATIONS Price in USD/Tonne on 11.12.2016 % change (15 days ago) EU Oceania USA EU Oceania USA Butter 4 490 4 363 4 613 + 1.9% + 6.1% + 2.8% SMP 2 145 2 363 2 151 + 1.9% nc + 8.1% WMP 3 091 3 275 3 086 - 0.8% + 4.0% + 3.7% Cheddar 3 504 3 738 3 816 + 1.4% + 3.5% - 8.7% Source : DG AGRI, USDA Page Previous Next back to Dashboard U.S. and New Zealand Milk Prices Evolution The latest EU Raw Milk Price (Nov 2016) is still provisional 50 40 33.7 32.3 30 30.6 10 0 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 US Mil k (class III adj 4.2% fat) NZ Mi lk - (Fonterra, adj 4.2% fat & 3.35% prot) EU Raw Mil k price EUR/100 kg 20 Source : Source : DG AGRI, LTO Nederland Page Previous Next back to Dashboard Feed / Energy quotations Evolution ( 4 last weeks ) (week 50) Feed costs EUR / USD Exchange Rate 1.40 La s t Update : 21.12.16 + 1.3 % OIL : Europe Brent Spot Price (USD/Barrel) Energy costs + 8.5 % 120 Las t update : 18.12.16 100 1.30 Sources : Feed : DG AGRI, Clal.it Energy : DG ENERGY 80 1.20 Source : European Central Bank Page Previous Next 1.10 40 1.00 20 Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan 1.0364 53.99 60 Source : Nasdaq back to Dashboard EU Productions (Jan-Oct 2016 compared to Jan-Oct 2015) + 10% +1.2% +4.1% +5.9% +5.2% +2.9% +1.7% + 0% -0.1% -0.5% - 10% -11.8% - 20% Source : EUROSTAT Page Previous Next back to Dashboard EU - Cows' milk collected 2013 2014 2015 2016 1000 Tonnes 14 000 13 000 12 000 11 000 Jan-Oct 2016/15 : + 1.2% Page Previous Next Dec Nov Oct Source : EUROSTAT, Reg. (EC) No 479/2010 Art. 1(a)1 Sep Aug Jul Jun May Apr Mar Feb Jan 10 000 back to Dashboard Australian milk production Jun-Nov 2016/17 compared to 2015/16 : - 3.0% 3500 in 1000 tonnes 1 100 1 000 2500 900 2000 Next 500 Dec Nov Oct Sep Aug Jul Jun May Mar May Apr Mar Feb Jan Dec Nov Oct Sep Aug Jul 7250 7000 0 Jun Jun May Apr Mar Feb 7500 2013 2014 2015 2016 1000 Apr 600 Jan Dec Nov Oct Sep Aug Jul Page 8000 1500 2013/14 2014/15 2015/16 2016/17 500 Previous 8250 in 1000 tonnes 7750 700 Source : Dairyaustralia, Dcanz, USDA 8500 3000 800 2013/14 2014/15 2015/16 2016/17 Jan-Nov 2016 compared to 2015 : + 1.8% Feb in 1000 tonnes U.S. milk production Jan Jul-Oct 2016/17 compared to 2015/16 : - 10.3% 1 200 NZ milk production back to Dashboard EU Exports - Top 3 destinations in 2016 Period : January - October in Tonnes Extra-EU BUTTER 2014 2015 100 836 2016 108 977 143 010 in Tonnes + 31% Extra-EU Saudi Arabia 7 256 11 439 17 023 + 49% USA 7 108 14 948 15 408 + 3% Egypt 2 362 9 893 12 087 + 22% in Tonnes S.M.P. 2014 2015 Extra-EU 529 356 Algeria 114 296 96 826 Indonesia 40 713 China 57 459 2016 CHEESE 2014 2015 2016 607 666 589 120 666 239 + 13% USA 97 930 115 798 117 130 + 1% Japan 39 045 56 792 64 714 + 14% Switzerland 44 619 45 352 47 257 + 4% in Tonnes W.M.P. 2014 2015 2016 - 17% Extra-EU 72 060 - 26% Oman 40 103 49 944 43 993 - 12% 39 153 39 936 + 2% Algeria 61 290 29 318 27 413 - 6% 42 451 39 304 - 7% China 7 038 15 570 17 015 + 9% 578 738 478 474 332 061 339 884 328 093 - 3% Source : EUROSTAT Page Previous Next back to Dashboard CHINA IMPORTS (Jan-Oct 2016 compared to 2015) % of EU Qty in '000 tonnes 56 69 61 78 BUTTER + OIL CHEESE + 29% 173 161 S.M.P. WHEYPOWDER 16 18 9 16 CONDENSED Source : GTA Previous Next 0 1 2 + 18% 39 34 33 27 + 15% + 11% 2015 2016 75 73 LACTOSE Page - 7% 300 355 355 410 W.M.P. CASEIN(ATE)S 10 10 13 15 22 23 + 24% 200 400 + 70% 72 93 14 22 - 2% 0 100 back to Dashboard BUTTER + BUTTEROIL CHEESE S.M.P. W.M.P. MAIN EXPORTING THIRD COUNTRIES Jan-Oct 2016 compared to 2015 New Zealand up to Sep EU-28 United States BUTTER(OIL) Qty in ktons % 2016 /15 CHEESE Qty in ktons % 2016 /15 S.M.P. Qty in ktons W.M.P. % 2016 /15 Qty in ktons % 2016 /15 347 + 3% 251 + 9% 303 + 15% 885 - 4% 195 + 32% 666 + 13% 478 - 17% 328 - 3% 23 + 10% 235 - 13% 466 - 1% 54 + 63% BUTTER + BUTTEROIL Jan-Oct 2016 compared to 2015 Belarus 58 + 8% 153 + 14% 84 - 10% 23 - 18% Australia up to Sep 23 - 7% 121 - 2% 114 - 21% 51 + 8% China 10 - 41% 30 + 37% 15 - 32% 112 + 43% Russia Mexico Source : GTA Page Previous Next S.M.P. W.M.P. MAIN IMPORTING THIRD COUNTRIES up to Sep Uruguay CHEESE BUTTER(OIL) Qty in ktons % 2016 /15 CHEESE Qty in ktons % 2016 /15 S.M.P. Qty in ktons W.M.P. % 2016 /15 Qty in ktons % 2016 /15 69 + 24% 78 + 29% 161 - 7% 355 + 18% up to Sep 70 - 2% 165 + 11% 104 + 30% 32 + 33% up to Sep 37 + 42% 90 + 2% 209 + 17% 10 + 81% Algeria 11 + 17% 30 + 9% 93 - 25% 183 - 8% Japan 10 - 38% 212 + 3% 29 - 39% 0 + 34% United States 41 + 28% 165 + 5% 1 - 73% 14 + 48% back to Dashboard Auction Event 178 Anhydrous Milk Fat Butter Butter Milk Powder Cheddar Lactose Rennet Casein Skim Milk Powder Whole Milk Powder - +0.5% +3.1% +1.9% -1.6% +3.3% +0.0% -0.8% $ 2 874 $ 3 826 $ 857 $ 6 473 $ 2 621 $ 3 568 20 December 2016 -0.5% Average price (USD/MT, FAS) $ 5 367 $ 4 290 $ 3 656 Source : Globaldairytrade Previous back to Dashboard
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