2017 2018 NZ milk production U.S. milk production (Jan ... · United States 16 - 14% 224 + 1% 487 +...
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DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 30.09.2020 EU* = EU without UK 100 150 200 250 300 350 400 450 500 550 600 650 700 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 Jan 19 Jan 20 in EUR/100 kg EU average quotations of main commodities Butter Intervention price SMP Intervention price BUTTER SMP WMP CHEDDAR World Quotations EU* Prices GDT Auction EU* Productions EU+UK Trade +2.0% +1.6% +1.9% +4.7% +0.1% +0.7% +3.7% +0.0% +2.0% - 4% + 0% + 4% + 8% EU* Productions (Jan-Jul 2020 compared to Jan-Jul 2019) World Productions World Trade USD/Feed/Energy Feed / Energy quotations (evolution compared to the average of the previous 4 weeks ) Feed costs Energy costs + 1.5% - 1.9 % Qty in ktons % 2020 /19 Qty in ktons % 2020 /19 Qty in ktons % 2020 /19 Qty in ktons % 2020 /19 EU* 203 + 27% 776 + 2% 520 - 12% 208 + 13% New Zealand 262 - 9% 192 - 8% 219 - 5% 875 - 3% United States 16 - 14% 224 + 1% 487 + 29% 24 + 25% Belarus 40 - 4% 149 + 11% 72 + 4% 16 + 16% United Kingdom 36 - 22% 98 - 6% 39 - 29% 23 - 23% Australia 7 - 45% 89 - 3% 74 - 11% 20 - 22% Jan-Jul 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 77 + 46% 78 + 17% 192 - 10% 454 + 1% United Kingdom 40 - 22% 248 - 14% 18 + 59% 15 - 21% Russia up to Jun 63 + 12% 135 + 3% 28 - 43% 16 - 39% Japan 12 - 21% 170 - 5% 25 - 13% 1 + 151% EU* 31 - 43% 115 - 2% 24 - 30% 14 - 46% Indonesia 9 - 24% 16 - 6% 122 + 11% 27 - 16% W.M.P. Jan-Jul 2020 compared to 2019 MAIN IMPORTING THIRD COUNTRIES BUTTER(OIL) CHEESE S.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 Tonnes EU* - Cows' milk collected 2017 2018 2019 2020 Jan-Jul 2020/19 : + 2.0% 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 Sep Oct Nov Dec Jan Feb Mar Apr May Jun in 1000 tonnes Australian milk production 2017/18 2018/19 2019/20 2020/21 Jul 2020/21 compared to 2019/20 : + 3.0% 0 500 1000 1500 2000 2500 3000 3500 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May in 1000 tonnes NZ milk production 2017/18 2018/19 2019/20 2020/21 Jun-Jul 2020/21 compared to 2019/20 : + 3.2% 7000 7250 7500 7750 8000 8250 8500 8750 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec in 1000 tonnes U.S. milk production 2017 2018 2019 2020 Jan-Jul 2020 compared to 2019 : + 1.8% 15 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 Jan 19 Jan 20 EUR/100 kg EU evolutive² Raw Milk Prices Evolution (up to Aug 2020³) Weighted EU Average (real fat content) EU Milk Equiv. Price (based on SMP and Butter prices) ³ : provisional figures 32.9 30.8 ² EU-27 without UK from 02/2020 onwards 10 15 20 25 30 35 40 45 50 55 Jan 12 Aug 12 Mar 13 Oct 13 May 14 Dec 14 Jul 15 Feb 16 Sep 16 Apr 17 Nov 17 Jun 18 Jan 19 Aug 19 Mar 20 EUR/100 kg MONTHLY Milk Spot Prices - IT - IT milk spot prices Lodi EU evolutive average milk price 0 40 80 120 Jan 17 Apr 17 Jul 17 Oct 17 Jan 18 Apr 18 Jul 18 Oct 18 Jan 19 Apr 19 Jul 19 Oct 19 Jan 20 Apr 20 Jul 20 Last update : 27.09.20 OIL : Europe Brent Spot Price (USD/Barrel) 40.37 0 20 40 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 EUR/100 kg US Milk (class III adj 4.2% fat) NZ Milk - (Fonterra, adj 4.2% fat & 3.35% prot) EU evolutive Raw Milk price 28.8 32.8 52.7 US, NZ and EU* milk prices up to July 2020 1.00 1.10 1.20 1.30 Jan 17 Apr 17 Jul 17 Oct 17 Jan 18 Apr 18 Jul 18 Oct 18 Jan 19 Apr 19 Jul 19 Oct 19 Jan 20 Apr 20 Jul 20 EUR / USD Exchange Rate 1.1702 La s t Update : 30.09.20 EU* Oceania USA EU* Oceania USA Butter 4 139 3 325 3 420 + 2.0% - 4.7% + 4.1% SMP 2 537 2 950 2 389 + 0.3% + 9.3% + 4.4% WMP 3 226 3 000 3 748 - 0.1% + 3.0% + 1.5% Cheddar 3 531 3 675 5 680 + 1.1% + 4.3% + 19.5% Price in USD/Tonne on 27.09.2020 % change (15 days ago) LATEST WORLD QUOTATIONS in Tonnes 2018 2019 2020 % 2020 /19 in Tonnes 2018 2019 2020 % 2020 /19 Total to third countries 117 215 126 694 163 726 + 29% Total to third countries 742 303 763 808 775 887 + 2% United Kingdom 42 041 36 173 28 735 United Kingdom 276 989 288 004 247 589 USA 15 077 21 537 25 967 + 21% Japan 63 322 66 475 76 251 + 15% Saudi Arabia 4 933 5 045 12 135 + 141% USA 67 946 72 171 64 041 - 11% in Tonnes 2018 2019 2020 % 2020 /19 in Tonnes 2018 2019 2020 % 2020 /19 Total to third countries 475 465 593 173 519 821 - 12% Total to third countries 217 506 183 228 207 652 + 13% Algeria 91 772 61 145 89 497 + 46% Oman 35 058 29 531 29 965 + 1% China 46 395 77 725 69 765 - 10% Algeria 18 176 8 171 23 107 + 183% Egypt 32 207 34 525 28 952 - 16% United Kingdom 19 360 19 164 15 099 W.M.P. EU* Exports - Top 3 destinations in 2020 Period : January-July BUTTER CHEESE S.M.P. 32.8 Raw Milk €/100 kg EU* Price Evolution since last month + 0.8% 350 BUTTER €/100 kg + 1.3% 214 S.M.P. €/100 kg + 0.1% 270 W.M.P. €/100 kg - 1.0% 299 CHEDDAR €/100 kg + 0.5% Compared to the average of the previous 4 weeks EU* Prices (week 39) (week 39) Jul-2020 Average price (USD/MT, FAS) Event 268 15 September 2020 +3.6% $3 092 Anhydrous Milk Fat +2.0% $ 3 910 Butter -1.4% $ 3 282 Butter Milk Powder n/r n/a Cheddar +7.2% $ 3 674 Lactose -2.7% $ 1 277 Skim Milk Powder +8.4% $ 2 889 Whole Milk Powder +3.2% $ 2 985 Event 268 15 September 2020 +3.6% $3 092 + 46% + 17% - 10% + 1% + 37% + 1% - 38% + 13% 53 67 213 451 246 16 19 57 77 78 192 454 338 16 12 64 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 15 33 1 44 33 49 27 10 17 30 1 43 27 39 33 0 100 % from EU CHINA IMPORTS (Jan-Jul 2020 compared to 2019) 34.8 € (27 Sep) 20 25 30 35 40 45 50 55 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC EUR/100 kg WEEKLY Milk Spot Prices - IT, Lodi - 2017 2018 2019 2020 EU* = EU without UK
Transcript of 2017 2018 NZ milk production U.S. milk production (Jan ... · United States 16 - 14% 224 + 1% 487 +...
DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 30.09.2020
EU* = EU without UK
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EU average quotations of main commodities
Butter Intervention price
SMP Intervention price
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CHEDDAR
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+3.7%
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+ 8%EU* Productions (Jan-Jul 2020 compared to Jan-Jul 2019)
Wor
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Wo
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USD
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average of the previous 4 weeks )
Feed costs
Energy costs
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- 1.9 %
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EU* 203 + 27% 776 + 2% 520 - 12% 208 + 13%
New Zealand 262 - 9% 192 - 8% 219 - 5% 875 - 3%
United States 16 - 14% 224 + 1% 487 + 29% 24 + 25%
Belarus 40 - 4% 149 + 11% 72 + 4% 16 + 16%
United Kingdom 36 - 22% 98 - 6% 39 - 29% 23 - 23%
Australia 7 - 45% 89 - 3% 74 - 11% 20 - 22%
Jan-Jul 2020 compared
to 2019
MAIN EXPORTING THIRD COUNTRIES
BUTTER(OIL) CHEESE S.M.P. W.M.P.
Qty in
ktons
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2020
/19
Qty in
ktons
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2020
/19
Qty in
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2020
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Qty in
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2020
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China 77 + 46% 78 + 17% 192 - 10% 454 + 1%
United Kingdom 40 - 22% 248 - 14% 18 + 59% 15 - 21%
Russiaup to
Jun 63 + 12% 135 + 3% 28 - 43% 16 - 39%
Japan 12 - 21% 170 - 5% 25 - 13% 1 + 151%
EU* 31 - 43% 115 - 2% 24 - 30% 14 - 46%
Indonesia 9 - 24% 16 - 6% 122 + 11% 27 - 16%
W.M.P.Jan-Jul 2020 compared
to 2019
MAIN IMPORTING THIRD COUNTRIES
BUTTER(OIL) CHEESE S.M.P.
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EU* - Cows' milk collected
2017201820192020
Jan-Jul 2020/19 : + 2.0%
Sources : EUROSTAT, Reg. 2017/1185, Clal.it, USDA, Lto.nl, Nasdaq, ECB, Dairyaustralia, Dcanz, IHS Markit/GTA, Globaldairytrade.
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in 1000 tonnes
Australian milk production
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Jul 2020/21 compared to 2019/20 : + 3.0%
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Jun-Jul 2020/21 compared to 2019/20 : + 3.2%
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in 1000 tonnes
U.S. milk production
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2020
Jan-Jul 2020 compared to 2019 : + 1.8%
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EUR/100 kg
EU evolutive² Raw Milk Prices Evolution (up to Aug 2020³)
Weighted EU Average (real fat content)
EU Milk Equiv. Price (based on SMP and Butter prices)
³ : provisional figures
32.9
30.8
² EU-27 without UK from 02/2020 onwards
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g 1
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EUR
/10
0 k
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MONTHLY Milk Spot Prices - IT -
IT milk spot prices Lodi
EU evolutive average milk price
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pr
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l 18
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pr
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Last update : 27.09.20
OIL : Europe Brent Spot Price(USD/Barrel)
40.37
0
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40
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/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
28.8 32.8
52.7
US, NZ and EU* milk prices up to July 2020
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pr
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pr
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l 20
EUR / USD Exchange Rate
1.1702
Last Update : 30.09.20
EU* Oceania USA EU* Oceania USA
Butter 4 139 3 325 3 420 + 2.0% - 4.7% + 4.1%
SMP 2 537 2 950 2 389 + 0.3% + 9.3% + 4.4%
WMP 3 226 3 000 3 748 - 0.1% + 3.0% + 1.5%
Cheddar 3 531 3 675 5 680 + 1.1% + 4.3% + 19.5%
Price in USD/Tonne
on 27.09.2020
% change
(15 days ago)
LATEST WORLD QUOTATIONS
in Tonnes 2018 2019 2020% 2020
/19in Tonnes 2018 2019 2020
% 2020
/19
Total to third
countries117 215 126 694 163 726 + 29%
Total to third
countries742 303 763 808 775 887 + 2%
United Kingdom 42 041 36 173 28 735 United Kingdom 276 989 288 004 247 589
USA 15 077 21 537 25 967 + 21% Japan 63 322 66 475 76 251 + 15%
Saudi Arabia 4 933 5 045 12 135 + 141% USA 67 946 72 171 64 041 - 11%
in Tonnes 2018 2019 2020% 2020
/19in Tonnes 2018 2019 2020
% 2020
/19
Total to third
countries475 465 593 173 519 821 - 12%
Total to third
countries217 506 183 228 207 652 + 13%
Algeria 91 772 61 145 89 497 + 46% Oman 35 058 29 531 29 965 + 1%
China 46 395 77 725 69 765 - 10% Algeria 18 176 8 171 23 107 + 183%
Egypt 32 207 34 525 28 952 - 16% United Kingdom 19 360 19 164 15 099
W.M.P.
EU* Exports - Top 3 destinations in 2020Period : January-July
BUTTER CHEESE
S.M.P.
32.8Raw Milk €/100 kg
EU* Price Evolution sincelast month
+ 0.8%
350BUTTER €/100 kg + 1.3%
214S.M.P. €/100 kg + 0.1%
270W.M.P. €/100 kg - 1.0%
299CHEDDAR €/100 kg + 0.5%
Compared to the average of the
previous 4 weeks
EU* Prices
(week 39)
(week 39)
Jul-2020
Average price (USD/MT, FAS)
Event 26815 September 2020
+3.6%
$3 092
Anhydrous Milk Fat
+2.0%$ 3 910
Butter
-1.4%$ 3 282
Butter MilkPowder
n/rn/a
Cheddar
+7.2%$ 3 674
Lactose
-2.7%$ 1 277
Skim MilkPowder
+8.4%$ 2 889
Whole MilkPowder
+3.2%$ 2 985
Event 26815 September 2020
+3.6%
$3 092
+ 46%
+ 17%
- 10%
+ 1%
+ 37%
+ 1%
- 38%
+ 13%
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451
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0 200 400
BUTTER + OIL
CHEESE
S.M.P.
W.M.P.
WHEYPOWDER
CASEIN(ATE)S
CONDENSED
LACTOSE
Qty in '000 tonnes
2019
2020
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15
33
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33
49
27
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27
39
33
0 100
% from EU
CHINA IMPORTS (Jan-Jul 2020 compared to 2019)
34.8 €
(27 Sep)
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FEB
MA
R
AP
R
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JUL
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SEP
OC
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DEC
EUR
/10
0 k
g
WEEKLY Milk Spot Prices- IT, Lodi -
2017 2018
2019 2020
EU* = EU without UK
