2017 2018 NZ milk production U.S. milk production (Jan ... · Jan-Jun 2020 compared to 2019 MAIN...
Transcript of 2017 2018 NZ milk production U.S. milk production (Jan ... · Jan-Jun 2020 compared to 2019 MAIN...
DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 12.08.2020
EU* = EU without UK
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i n EUR/100 kg
EU average quotations of main commodities
Butter Intervention price
SMP Intervention price
BUTTER
SMP
WMP
CHEDDAR
Wo
rld
Qu
ota
tio
ns
EU*
Pric
es
GD
T A
uct
ion
EU*
Pro
du
ctio
ns
EU+U
K T
rade
+2.0% +1.9%+0.6%
+6.9%
-2.3% -3.2%
+3.3%
+0.2%+0.9%
- 10%
+ 0%
+ 10%
EU* Productions (Jan-May 2020 compared to Jan-May 2019)
Wor
ld P
rodu
ctio
ns
Wo
rld
Tra
de
USD
/Fee
d/E
ner
gy Feed / Energy quotations(evolution compared to the
average of the previous 4 weeks )
Feed costs
Energy costs
- 0.5%
- 2.5 %
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
EU* 177 + 36% 651 - 0% 432 - 15% 169 + 11%
New Zealand 229 - 9% 165 - 6% 198 + 1% 768 - 5%
United States 14 - 19% 194 + 0% 411 + 25% 21 + 33%
Belarus 34 - 5% 127 + 10% 55 - 6% 12 + 0%
United Kingdom 32 - 22% 84 - 5% 35 - 5% 22 - 14%
Australia 5 - 57% 79 - 1% 67 - 11% 18 - 21%
Jan-Jun 2020 compared
to 2019
MAIN EXPORTING THIRD COUNTRIES
BUTTER(OIL) CHEESE S.M.P. W.M.P.
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
China 66 + 40% 62 + 5% 157 - 12% 416 + 2%
United Kingdom 34 - 18% 204 - 17% 16 + 67% 13 - 22%
Russiaup to
M ay 52 + 8% 113 + 2% 23 - 47% 14 - 42%
Japan 10 - 8% 143 - 6% 22 - 7% 1 + 127%
EU* 27 - 46% 96 - 3% 20 - 12% 13 - 42%
Indonesiaup to
M ay 7 - 25% 12 - 8% 82 - 1% 21 - 16%
Jan-Jun 2020
compared to 2019
MAIN IMPORTING THIRD COUNTRIES
BUTTER(OIL) CHEESE S.M.P. W.M.P.
10 000
11 000
12 000
13 000
14 000
Jan
Feb
Mar
Apr
May Jun
Jul
Aug Sep
Oct
Nov
Dec
1000
Ton
nes
EU* - Cows' milk collected
2017201820192020
Jan-May 2020/19 : + 2.0%
Jan-May 2020/19 (leap year adjusted): + 1.3%
Sources : EUROSTAT, Reg. 2017/1185, Clal.it, USDA, Lto.nl, Nasdaq, ECB, Dairyaustralia, Dcanz, IHS Markit/GTA, Globaldairytrade.
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
2016/17
2017/18
2018/19
2019/20
Jul-May 2019/20 compared to 2018/19 : - 0.6%
0
500
1000
1500
2000
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3000
3500
Jun Jul
Aug Se
p
Oct
Nov Dec Jan
Feb
Mar
Apr
May
in 1000 tonnes
NZ milk production
2016/17
2017/18
2018/19
2019/20
Jun-May 2019/20 compared to 2018/19 : - 0.4%
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
2017
2018
2019
2020
Jan-May 2020 compared to 2019 : + 1.8%
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35
40
45
50
Jan
01
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02
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03
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14
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15
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16
Jan
17
Jan
18
Jan
19
Jan
20
EUR/100 kg
EU evolutive² Raw Milk Prices Evolution (up to Jul 2020³)
Weighted EU Average (real fat content)
EU Milk Equiv. Price (based on SMP and Butter prices)
³ : provisional figures
32.5
30.4
² EU-27 without UK from 02/2020 onwards
10
15
20
25
30
35
40
45
50
55
Jan
12
Au
g 1
2
Mar
13
Oct
13
May
14
Dec
14
Jul 1
5
Feb
16
Sep
16
Ap
r 17
No
v 1
7
Jun
18
Jan
19
Au
g 1
9
Mar
20
EUR
/10
0 k
g
MONTHLY Milk Spot Prices - IT -
IT milk spot prices Lodi
EU evolutive average milk price
0
20
40
60
80
100
120
Jan
17A
pr
17Ju
l 17
Oct
17
Jan
18A
pr
18Ju
l 18
Oct
18
Jan
19A
pr
19Ju
l 19
Oct
19
Jan
20A
pr
20Ju
l 20
Last update : 09.08.20
OIL : Europe Brent Spot Price(USD/Barrel)
43.76
0
20
40
2001
2002
2003
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2006
2007
2008
2009
2010
2011
2012
2013
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2015
2016
2017
2018
2019
2020
EUR
/10
0 k
gUS Milk (class III adj 4.2% fat)
NZ Milk - (Fonterra, adj 4.2% fat & 3.35% prot)
EU evolutive Raw Milk price
28.7 32.6
46.1
US, NZ and EU* milk prices up to June 2020
1.00
1.10
1.20
1.30
Jan
17A
pr
17Ju
l 17
Oct
17
Jan
18A
pr
18Ju
l 18
Oct
18
Jan
19A
pr
19Ju
l 19
Oct
19
Jan
20A
pr
20Ju
l 20
EUR / USD Exchange Rate
1.1783
Last Update : 12.08.20
EU* Oceania USA EU* Oceania USA
Butter 3 900 3 525 3 619 + 4.8% - 6.0% - 3.9%
SMP 2 424 2 725 2 178 + 2.9% - 1.8% - 2.0%
WMP 3 181 3 288 3 803 + 3.5% + 1.5% + 1.5%
Cheddar 3 561 3 750 5 197 + 3.5% - 5.1% - 16.8%
Price in USD/Tonne
on 2.08.2020
% change
(15 days ago)
LATEST WORLD QUOTATIONS
in Tonnes 2018 2019 2020% 2020
/19in Tonnes 2018 2019 2020
% 2020
/19
Total to third
countries102 562 102 885 141 438 + 37%
Total to third
countries638 471 650 807 650 738 - 0%
United Kingdom 36 314 29 257 24 648 United Kingdom 237 197 245 495 203 776
USA 12 053 16 875 22 178 + 31% Japan 53 863 56 799 63 812 + 12%
Saudi Arabia 4 634 4 150 11 107 + 168% USA 57 685 59 518 52 344 - 12%
in Tonnes 2018 2019 2020% 2020
/19in Tonnes 2018 2019 2020
% 2020
/19
Total to third
countries394 366 506 406 432 186 - 15%
Total to third
countries189 001 152 525 169 340 + 11%
Algeria 75 511 49 447 75 572 + 53% Oman 31 262 25 561 24 962 - 2%
China 37 372 65 144 55 965 - 14% Algeria 14 574 3 721 13 494 +++
Egypt 28 278 31 498 25 892 - 18% Nigeria 7 091 5 813 13 406 + 131%
W.M.P.
EU* Exports - Top 3 destinations in 2020Period : January-June
BUTTER CHEESE
S.M.P.
32.6Raw Milk €/100 kg
EU* Price Evolution sincelast month
- 1.1%
341BUTTER €/100 kg + 1.5%
207S.M.P. €/100 kg - 1.5%
277W.M.P. €/100 kg + 0.7%
296CHEDDAR €/100 kg - 2.5%
Compared to the average of the
previous 4 weeks
EU* Prices
(week 32)
(week 32)
Jun-2020
Average price (USD/MT, FAS)
Event 2654 August 2020
-5.1%
$3 045
Anhydrous Milk Fat
+3.0%$ 3 994
Butter
-2.8%$ 3 438
Butter MilkPowder
-6.5%$ 2 259
Cheddar
-5.3%$ 3 568
Lactose
+5.7%$ 1 349
Skim MilkPowder
-4.6%$ 2 583
Whole MilkPowder
-7.5%$ 3 003
Event 2654 August 2020
-5.1%
$3 045
+ 40%
+ 5%
- 12%
+ 2%
+ 32%
- 2%
- 42%
+ 4%
47
59
180
409
207
13
16
49
66
62
157
416
274
13
9
51
0 200 400
BUTTER + OIL
CHEESE
S.M.P.
W.M.P.
WHEYPOWDER
CASEIN(ATE)S
CONDENSED
LACTOSE
Qty in '000 tonnes
2019
2020
11
14
31
1
44
35
49
29
8
17
29
1
42
27
44
32
0 100
% from EU
CHINA IMPORTS (Jan-Jun 2020 compared to 2019)
34.3 €
(09 A ug)
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 -
2017 2018
2019 2020
EU* = EU without UK
back to DashboardNext
Wo
rld
Qu
ota
tio
ns
EU*
Pri
ces
Jan
01
32.6Raw Milk €/100 kg
EU* Price Evolution sincelast month
- 1.1%
341BUTTER €/100 kg + 1.5%
207S.M.P. €/100 kg - 1.5%
277W.M.P. €/100 kg + 0.7%
296CHEDDAR €/100 kg - 2.5%
Compared to the average of the
previous 4 weeks
EU* Prices (week 32)
Jun-2020
EU* = EU without UKSource : DG AGRI – Reg. 2017/1185 Art. 11 & 12
Source : DG AGRI – Reg. 2017/1185 Art. 12(a) - Annex II.4(a)
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20
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45
50
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01
Jan
02
Jan
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Jan
06
Jan
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Jan
09
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Jan
15
Jan
16
Jan
17
Jan
18
Jan
19
Jan
20
EUR/100 kg
EU evolutive² Raw Milk Prices Evolution (up to Jul 2020³)
Weighted EU Average (real fat content)
EU Milk Equiv. Price (based on SMP and Butter prices)
³ : provisional figures
32.5
30.4
² EU-27 without UK from 02/2020 onwards
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Source : Clal.it
34.3 €
(09 A ug)
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 -
2017 2018
2019 2020 10
15
20
25
30
35
40
45
50
55
Jan
12
Au
g 1
2
Mar 1
3
Oct
13
May
14
Dec 1
4
Jul 1
5
Fe
b 1
6
Se
p 1
6
Ap
r 1
7
No
v 1
7
Jun
18
Jan
19
Au
g 1
9
Mar 2
0
EU
R/1
00
kg
MONTHLY Milk Spot Prices - IT -
IT milk spot prices Lodi
EU evolutive average milk price
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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
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Jan
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15
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16
Jan
17
Jan
18
Jan
19
Jan
20
in EUR/100 kg
EU average quotations of main commodities
Butter Intervention price
SMP Intervention price
BUTTER
SMP
WMP
CHEDDAR
Source : DG AGRI – Reg. 2017/1185 Art. 11 – Annex I.7
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Source : DG AGRI, USDA
EU* Oceania USA EU* Oceania USA
Butter 3 900 3 525 3 619 + 4.8% - 6.0% - 3.9%
SMP 2 424 2 725 2 178 + 2.9% - 1.8% - 2.0%
WMP 3 181 3 288 3 803 + 3.5% + 1.5% + 1.5%
Cheddar 3 561 3 750 5 197 + 3.5% - 5.1% - 16.8%
Price in USD/Tonne
on 2.08.2020
% change
(15 days ago)
LATEST WORLD QUOTATIONS
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Source : DG AGRI, LTO Nederland
0
20
40
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
EUR
/10
0 k
gUS Milk (class III adj 4.2% fat)
NZ Milk - (Fonterra, adj 4.2% fat & 3.35% prot)
EU evolutive Raw Milk price
28.7 32.6
46.1
US, NZ and EU* milk prices up to June 2020
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Source : European Central Bank
Sources : Feed : DG AGRI, Clal.itEnergy : DG ENERGY
Source : Nasdaq
Feed / Energy quotations(evolution compared to the
average of the previous 4 weeks )
Feed costs
Energy costs
- 0.5%
- 2.5 %
(week 32)
1.00
1.10
1.20
1.30
Jan
17A
pr
17Ju
l 17
Oct
17
Jan
18A
pr
18Ju
l 18
Oct
18
Jan
19A
pr
19Ju
l 19
Oct
19
Jan
20A
pr
20Ju
l 20
EUR / USD Exchange Rate
1.1783
Last Update : 12.08.20
0
20
40
60
80
100
120
Jan
17A
pr
17Ju
l 17
Oct
17
Jan
18A
pr
18Ju
l 18
Oct
18
Jan
19A
pr
19Ju
l 19
Oct
19
Jan
20A
pr
20Ju
l 20
Last update : 09.08.20
OIL : Europe Brent Spot Price(USD/Barrel)
43.76
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+2.0% +1.9%+0.6%
+6.9%
-2.3% -3.2%
+3.3%
+0.2%+0.9%
- 10%
+ 0%
+ 10%
EU* Productions (Jan-May 2020 compared to Jan-May 2019)
Source : EUROSTAT
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Source : EUROSTAT, Reg. (EC) No 479/2010 Art. 1(a)1
10 000
11 000
12 000
13 000
14 000Ja
n
Feb
Mar
Apr
May Jun
Jul
Aug Sep
Oct
Nov
Dec
1000
Ton
nes
EU* - Cows' milk collected
2017201820192020
Jan-May 2020/19 : + 2.0%
Jan-May 2020/19 (leap year adjusted): + 1.3%
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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
2016/17
2017/18
2018/19
2019/20
Jul-May 2019/20 compared to 2018/19 : - 0.6%
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
2016/17
2017/18
2018/19
2019/20
Jun-May 2019/20 compared to 2018/19 : - 0.4%
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
2017
2018
2019
2020
Jan-May 2020 compared to 2019 : + 1.8%
Source : Dairyaustralia, Dcanz, USDA
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in Tonnes 2018 2019 2020% 2020
/19in Tonnes 2018 2019 2020
% 2020
/19
Total to third
countries102 562 102 885 141 438 + 37%
Total to third
countries638 471 650 807 650 738 - 0%
United Kingdom 36 314 29 257 24 648 United Kingdom 237 197 245 495 203 776
USA 12 053 16 875 22 178 + 31% Japan 53 863 56 799 63 812 + 12%
Saudi Arabia 4 634 4 150 11 107 + 168% USA 57 685 59 518 52 344 - 12%
in Tonnes 2018 2019 2020% 2020
/19in Tonnes 2018 2019 2020
% 2020
/19
Total to third
countries394 366 506 406 432 186 - 15%
Total to third
countries189 001 152 525 169 340 + 11%
Algeria 75 511 49 447 75 572 + 53% Oman 31 262 25 561 24 962 - 2%
China 37 372 65 144 55 965 - 14% Algeria 14 574 3 721 13 494 +++
Egypt 28 278 31 498 25 892 - 18% Nigeria 7 091 5 813 13 406 + 131%
W.M.P.
EU* Exports - Top 3 destinations in 2020Period : January-June
BUTTER CHEESE
S.M.P.
Source : EUROSTAT
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+ 40%
+ 5%
- 12%
+ 2%
+ 32%
- 2%
- 42%
+ 4%
47
59
180
409
207
13
16
49
66
62
157
416
274
13
9
51
0 200 400
BUTTER + OIL
CHEESE
S.M.P.
W.M.P.
WHEYPOWDER
CASEIN(ATE)S
CONDENSED
LACTOSE
Qty in '000 tonnes
2019
2020
11
14
31
1
44
35
49
29
8
17
29
1
42
27
44
32
0 100
% from EU
CHINA IMPORTS (Jan-Jun 2020 compared to 2019)
Source : IHS Markit/GTA
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Source : IHS Markit/GTA
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Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
EU* 177 + 36% 651 - 0% 432 - 15% 169 + 11%
New Zealand 229 - 9% 165 - 6% 198 + 1% 768 - 5%
United States 14 - 19% 194 + 0% 411 + 25% 21 + 33%
Belarus 34 - 5% 127 + 10% 55 - 6% 12 + 0%
United Kingdom 32 - 22% 84 - 5% 35 - 5% 22 - 14%
Australia 5 - 57% 79 - 1% 67 - 11% 18 - 21%
Jan-Jun 2020 compared
to 2019
MAIN EXPORTING THIRD COUNTRIES
BUTTER(OIL) CHEESE S.M.P. W.M.P.
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
China 66 + 40% 62 + 5% 157 - 12% 416 + 2%
United Kingdom 34 - 18% 204 - 17% 16 + 67% 13 - 22%
Russiaup to
M ay 52 + 8% 113 + 2% 23 - 47% 14 - 42%
Japan 10 - 8% 143 - 6% 22 - 7% 1 + 127%
EU* 27 - 46% 96 - 3% 20 - 12% 13 - 42%
Indonesiaup to
M ay 7 - 25% 12 - 8% 82 - 1% 21 - 16%
Jan-Jun 2020
compared to 2019
MAIN IMPORTING THIRD COUNTRIES
BUTTER(OIL) CHEESE S.M.P. W.M.P.
Au
cti
on
Average price (USD/MT, FAS)
Event 2654 August 2020
-5.1%
$3 045
Anhydrous Milk Fat
+3.0%$ 3 994
Butter
-2.8%$ 3 438
Butter MilkPowder
-6.5%$ 2 259
Cheddar
-5.3%$ 3 568
Lactose
+5.7%$ 1 349
Skim MilkPowder
-4.6%$ 2 583
Whole MilkPowder
-7.5%$ 3 003
Event 2654 August 2020
-5.1%
$3 045GD
T A
ucti
on
Source : Globaldairytrade
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