Dairy at a Glance Clal-Ismea - Report n 2 - May 2011
Transcript of Dairy at a Glance Clal-Ismea - Report n 2 - May 2011
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The Dairy market at a glance
Report n 2 May 2011
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Milk Production in the two Hemispheres
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New Zealand: +2,24%
(Jun - Mar 2011 vs Jun - Mar 2010)
The increase in milk
production during the
second half-season is mainly
due to better weatherconditions and higher dairycow productivity.
Australia: + 0,03%
(Jul Mar 2011 vs Jul Mar 2010)
Milk production is slightly
higher than a year ago.
Improved weather conditions
in the second half-seasonallowed to recover volumes ofmilk.
Milk production (1)
Oceania
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Milk Production (2)
Oceania
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Milk Production
South America Argentina: +16,71% (e)
(Jan Apr 2011 vs Jan Apr 2010)
Strong increase in farm gate milk
price (+14,4% Pesos/lt) Favourable weather conditions
Increased investment in farms
Uruguay: +14,09% (e)(Jan Apr 2011 vs Jan Apr 2010) Increase in farm gate milk price (+
23,34% UYU$/lt)
Brasil: + 7,01%
(Jan Dec 2010 vs Jan Dec 2009) Favourable weather conditions
Increase in farm gate milk price
(+ 5,46% R$/lt)
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Milk Production
EU-27 Favourable weather conditions
Positive response of milk producers following theincrease in milk prices
Higher livestock feeding prices
Milk production increase,
especially in: Ireland, France,Germany
Milk production decrease,
especially in: Bulgaria, Romania
Milk production in the periodJan Mar 11 vs Jan Mar 10 was up +2,64%; the chart here below representschanges on a monthly basis:
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Focus on:
Ireland, France In Ireland, the largest exporting Country in the Europe, there has been a sharp acceleration in
milk production up to the end of 2010 and has continued into the early 2011, due mainly to highermilk prices and the priority for a Producer to maximize the production. The largest Farms arepreparing to take the opportunities offered by the quota end in 2015.
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Focus on:
Italy Italian milk production was up +1,39% in the period January-
March 2011, compared to the same period of previous year.
In 2011 milk production is projected to increase up to +0,7%approximately.
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Milk Production 2011
WorldPeriodPeriod % 2010% 2010 vsvs 20092009
EXPORTING COUNTRIES
ARGENTINA * (p) January - April +16,71
AUSTRALIA July 2010 March 2011 + 0,03
CHILE*(e) January - February + 14,5
BRAZIL* January December 2010 + 7,01
NEW ZEALAND (e) June 2010 March 2011 + 2,24
EU-27* January - March + 2,64
UKRAINE January - April - 1,86
URUGUAY* (e) January April + 14,09
USA January April + 2,01
IMPORTING COUNTRIES
JAPAN (p) January March - 4,59
MEXICO* (e) January March + 1,40
RUSSIA (e) January - March - 2,20
* Milk DeliveriesAustralia: Dairy Season 1st July 30th JuneNew Zealand: Dairy Season 1st June 31st May
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Prices and Stocks (Ton) Butter and WMP prices are slightly decreasing. SMP prices have been
steady to slightly higher, mainly due to the increase in demand and the
limited stock available both in the USA and Oceania.
Cheese prices are strengthening, due to increased demand by Russia,Mexico and South Korea.
Butter Stocks are slightly increasing although volumes are lower than a
year ago, whereas SMP Stocks continue to be stable or slightlydecreasing:
BUTTER USA : Ton 64.130 - 31,47% (Apr 2011 vs Apr 2010)
BUTTER EU-27 : Ton 40.524 - 65,86% (May 2011 vs May 2010)
SMP USA: Ton 56.246 - 28,74% (Mar 2011 vs Mar 2010)
SMP EU-27: Ton 148.247 - 39,46% (May 2011 vs May 2010)
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Prices (US$/ton)Average PricesUS$ x ton
Week n21(23 29 May)
Last month(April 2011)
Last year(May 2010)
2 years ago(May 2009)
OCEANIASMP 3.863 3.713 3.500 2.000
WMP 4.100 4.242 3.963 2.200
Butter 4.800 4.833 4.075 1.908
Cheese (Cheddar) 4.575 4.417 4.025 2.575
USA
SMP 3.566 3.468 2.827 1.819
Butter - Grade AA 4.806 4.426 3.504 2.762
Cheese - 40#Blocks 3.990 3.538 3.201 2.520
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Export - Import World
The Dairy Product Exports (ton) of some of the main exporting countries as calculated provisionally onJanuary - April 2011 have increased by +20,27% compared to the same period of a previous year.
The chart here below, on the other hand, evidences the main importing countries, summarised byGeographical Area, and highlights increased imports:
by Southeast Asian countries, especially by China that is continuing to import in order to meet
domestic needs as a direct consequence of the melamine scandal; by Developing countries which are increasing their incomes.
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Export EU-27External EU 27 Exports (January March 201I) The external EU-27 exports trend is positive as calculated in Jan-March 2011compared to the same period of a
previous year. The EU-27 improved its leadership in exporting cheese and gained a quota market share on SMPmarket, due to the increase in demand by South East Asia, Africa and Middle East.
Notwithstanding the strong China demand for WMP, there are no substantial changes in the European exports of
this product.
To obtain further information onthis topic visit the section DairyWorld Trade on Clal.it.
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Grana Padanoand Parmigiano Reggiano:
Production and Prices In April Grana Padano and Parmigiano Reggiano production were still
up mainly due to the positive price trend at wholesale level.
PRODUCTION**
(nof wheels)
LAST PRICE
( / kg)PRICES ( / kg)
Jan Apr
2011 Vs2010
Jan Apr
2011 Vs2009
30 May
2011Payement
Week n21
(23-29 May 2011) Last month(April 2011)* Last Year(April 2010)*
GRANA PADANO+5,95 % +4,78 % 8,50 150-180 gg 8,43 8,41 6,35
PARMIGIANOREGGIANO +4,59 % +6,67 % 11,20 a vista 11,17 11,23 8,76
** Source: Consorzi di Tutela- Grana Padano 4-12 months; Source: ISMEA survey network
- Parmigiano Reggiano 12 months; Source: ISMEA survey network
* Monthly average
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Grana Padanoand Parmigiano Reggiano
monthly production changes
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Abbreviations
SMP: Skimmed Milk Powder
WMP: Whole Milk Powder
WHEY: Whey Powder
D: Germany
(p): provisional
(e): estimated
The Report is based on data available on Clal.it and Ismea database on May 30th, 2011.