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Page 1: of the previous 4 weeks Australian milk production NZ milk … · 2019-06-08 · DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 14.04.2016 150 200 250 300 350 400 450 3 4 5 6 7 8

DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 14.04.2016

150

200

250

300

350

400

450

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

in EUR/100 kg

EU average quotations of main commodities

Butter Intervention priceSMP Intervention priceBUTTERSMPWMPCHEDDAR

Wo

rld

Qu

ota

tio

ns

EU P

rice

s

GD

T

EU P

rodu

ctio

nsEU

Tra

de

+ 5,6% + 5,8%

+ 12,5%

+ 23,0%

+ 0,8%

- 4,1%- 1,1% - 2,6%

+ 1,3%

EU Productions (Jan 2016 compared to Jan 2015)

Wo

rld

Pro

du

ctio

ns

Wo

rld

Tra

de

USD

/Fee

d/E

ner

gy Feed / Energy quotations

Evolution ( 4 last weeks )

Feed costs

Energy costs

+ 2,2 %

+ 3,0 %

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

New Zealand 95 + 9% 71 + 30% 99 + 20% 260 - 0%

EU-28 38 + 49% 116 + 13% 123 + 4% 63 + 5%

United States 7 + 30% 47 - 13% 84 + 19% 5 - 36%

Australia 5 - 16% 27 + 12% 34 - 12% 9 - 22%

Belarus 11 + 117% 31 + 25% 15 - 11% 5 + 96%

Argentina 1 - 4% 7 + 22% 4 - 0% 16 - 15%

Jan-Feb 2016

compared to 2015

MAIN EXPORTING THIRD COUNTRIES

BUTTER(OIL) CHEESE S.M.P. W.M.P.

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

China 23 + 79% 17 + 61% 51 + 25% 157 + 22%

Algeria2016 not

avail.

Russiaup to

Jan 7 + 57% 15 + 16% 8 + 34% 3 + 52%

Japan 0 - 97% 40 + 8% 6 - 50% 0 - 30%

United States 9 + 88% 34 + 40% 0 - 55% 1 - 4%

Malaysiaup to

Jan 2 + 5% 2 + 8% 16 - 26% 3 - 17%

BUTTER(OIL) CHEESE S.M.P. W.M.P.Jan-Feb 2016

compared to 2015

MAIN IMPORTING THIRD COUNTRIES

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

2013201420152016

Jan 2016/15 : + 5,6%

Sources : EUROSTAT, Reg. (EU) 479/2010, Clal.it, USDA, Lto.nl, Nasdaq, European Central Bank, Dairyaustralia, Dcanz, Global Trade Atlas,

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

2012/13

2013/14

2014/15

2015/16

Jul-Feb 2015/16 compared to 2014/15 : - 0,4%

0

500

1000

1500

2000

2500

3000

3500

Jun

Jul

Aug Se

p

Oct

Nov Dec Jan

Feb

Mar

Apr

May

in 1000

tonnes

NZ milk production

2012/13

2013/14

2014/15

2015/16

Jun-Feb 2015/16 compared to 2014/15 : - 1,8%

7000

7250

7500

7750

8000

8250

8500

Jan

Feb

Mar

Apr

May Jun

Jul

Aug Se

p

Oct

Nov Dec

in 1000 tonnes

U.S. milk production

2013201420152016

Jan-Feb 2016 compared to 2015 : + 2,3%

20

25

30

35

40

45

50

Feb

00

Feb

00

Jan

00

Jan

00

Jan

00

Jan

00

Jan

00

Feb

00

Jan

00

Jan

00

Feb

00

Feb

00

Feb

00

Feb

00

Jan

00

Jan

00

#N/A

EUR/100 kg

Weighted EU Average (real fat content)

EU Milk Equiv. Price (based on SMP and Butter prices)

* : provisional figures

28,6

23,1

EU Raw Milk Prices Evolution (up to March 2016*)

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

2-WEEKLY Milk Spot Prices- IT, Lodi -

2013

2014

2015

2016

24,3 € (27 Mar)

10

20

30

40

50

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- NL -

2013

2014

2015

2016

18,0 € (03 Apr)

20

40

60

80

100

120

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

36,05

Last update : 10.04.2016

OIL : Europe Brent Spot Price(USD/Barrel)

0

10

20

30

40

50

200

1

200

2

200

3

200

4

200

5

200

6

200

7

200

8

200

9

201

0

201

1

201

2

201

3

201

4

201

5

201

6

201

7 EUR

/10

0 k

gUS Milk (class II I adj 4.2% fat)

NZ Mi lk - (Fonterra, adj 4.2% fat & 3.35% prot)

EU Raw Milk price

Source :

20,0

28,6

31,7

The latest EU Raw Milk Price (Mar 2016) is still provisional

U.S. and New Zealand Milk Prices Evolution

1,00

1,10

1,20

1,30

1,40

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

EUR / USD Exchange Rate

1,1396

Last Update : 13.04.16

EU Oceania USA EU Oceania USA

Butter 2 889 2 750 4 271 - 1,5% nc - 0,1%

SMP 1 824 1 738 1 615 + 0,3% nc - 0,4%

WMP 2 212 2 063 2 830 + 0,6% nc - 1,2%

Cheddar 2 888 2 550 3 231 - 4,1% nc - 1,5%

Price in USD/Tonne

on 3.04.2016

% change

(15 days ago)

LATEST WORLD QUOTATIONS

in Tonnes 2014 2015 2016 in Tonnes 2014 2015 2016

Extra-EU 20.948 20.567 26.168 + 27% Extra-EU 123.683 102.403 116.141 + 13%

Saudi Arabia 762 2.320 3.050 + 31% USA 16.472 19.248 21.064 + 9%

USA 1.153 2.075 2.798 + 35% Japan 5.883 9.507 10.050 + 6%

Egypt 108 2.643 2.088 - 21% Switzerland 8.091 8.102 8.259 + 2%

in Tonnes 2014 2015 2016 in Tonnes 2014 2015 2016

Extra-EU 96.263 117.558 122.571 + 4% Extra-EU 67.382 60.171 63.081 + 5%

Algeria 19.715 16.121 14.259 - 12% Oman 8.690 10.470 11.248 + 7%

Indonesia 11.707 7.865 12.052 + 53% Algeria 10.067 5.721 4.261 - 26%

China 13.265 6.040 10.346 + 71% Nigeria 8.083 6.155 4.191 - 32%

W.M.P.

EU Exports - Top 3 destinations in 2016Period : February

BUTTER CHEESE

S.M.P.

+ 79%

+ 61%

+ 25%

+ 22%

+ 39%

+ 33%

+ 45%

+ 1%

13

10

41

128

49

3

1

12

23

17

51

157

69

4

2

12

0 50 100 150 200

BUTTER + OIL

CHEESE

S.M.P.

W.M.P.

WHEYPOWDER

CASEIN(ATE)S

CONDENSED

LACTOSE

Qty in '000 tonnes

2015

2016

5

12

11

0

39

32

99

13

5

13

15

1

37

28

70

23

0 100

% of EU

CHINA IMPORTS (Jan-Feb 2016 compared to 2015)

29,3Raw Milk €/100 kg

EU Price Evolution sincelast month

- 0,5%

257BUTTER €/100 kg - 1,8%

165S.M.P. €/100 kg + 0,7%

195W.M.P. €/100 kg - 1,1%

253CHEDDAR €/100 kg - 3,0%

Compared to the averageof the previous 4 weeks

EU Prices

(week 14)

(week 14)

Feb-2016

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Wo

rld

Qu

ota

tio

ns

EU P

rice

s

Feb

00

29,3Raw Milk €/100 kg

EU Price Evolution since

last month

- 0,5%

257BUTTER €/100 kg - 1,8%

165S.M.P. €/100 kg + 0,7%

195W.M.P. €/100 kg - 1,1%

253CHEDDAR €/100 kg - 3,0%

Compared to the average

of the previous 4 weeks

EU Prices (week 14)

Feb-2016

Source : DG AGRI – Reg. 479/2010 Art. 2

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Source : DG AGRI – Reg. 479/2010 Art. 2

20

25

30

35

40

45

50

Feb

00

Feb

00

Jan

00

Jan

00

Jan

00

Jan

00

Jan

00

Feb

00

Jan

00

Jan

00

Feb

00

Feb

00

Feb

00

Feb

00

Jan

00

Jan

00

#N/A

EUR/100 kg

Weighted EU Average (real fat content)

EU Milk Equiv. Price (based on SMP and Butter prices)

* : provisional figures

28,6

23,1

EU Raw Milk Prices Evolution (up to March 2016*)

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Source : Clal.it

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

2-WEEKLY Milk Spot Prices- IT, Lodi -

2013

2014

2015

2016

24,3 € (27 Mar)10

20

30

40

50

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- NL -

2013

2014

2015

2016

18,0 € (03 Apr)

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150

200

250

300

350

400

450

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

i n EUR/100 kg

EU average quotations of main commodities

Butter Intervention priceSMP Intervention priceBUTTERSMPWMPCHEDDAR

Source : DG AGRI – Reg. 479/2010 Art. 2

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Source : DG AGRI, USDA

EU Oceania USA EU Oceania USA

Butter 2 889 2 750 4 271 - 1,5% nc - 0,1%

SMP 1 824 1 738 1 615 + 0,3% nc - 0,4%

WMP 2 212 2 063 2 830 + 0,6% nc - 1,2%

Cheddar 2 888 2 550 3 231 - 4,1% nc - 1,5%

Price in USD/Tonne

on 3.04.2016

% change

(15 days ago)

LATEST WORLD QUOTATIONS

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Source : DG AGRI, LTO Nederland

0

10

20

30

40

50

200

1

200

2

200

3

200

4

200

5

200

6

200

7

200

8

200

9

201

0

201

1

201

2

201

3

201

4

201

5

201

6

201

7 EUR

/10

0 k

gUS Milk (class II I adj 4.2% fat)

NZ Mi lk - (Fonterra, adj 4.2% fat & 3.35% prot)

EU Raw Milk price

Source :

20,0

28,6

31,7

The latest EU Raw Milk Price (Mar 2016) is still provisional

U.S. and New Zealand Milk Prices Evolution

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Source : European Central Bank

Sources : Feed : DG AGRI, Clal.it Energy : DG ENERGY

Source : Nasdaq

Feed / Energy quotations

Evolution ( 4 last weeks )

Feed costs

Energy costs

+ 2,2 %

+ 3,0 %

(week 14)

1,00

1,10

1,20

1,30

1,40

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

EUR / USD Exchange Rate

1,1396

Last Update : 13.04.16

20

40

60

80

100

120

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

36,05

Last update : 10.04.2016

OIL : Europe Brent Spot Price(USD/Barrel)

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+ 5,6% + 5,8%

+ 12,5%

+ 23,0%

+ 0,8%

- 4,1%- 1,1% - 2,6%

+ 1,3%

EU Productions (Jan 2016 compared to Jan 2015)

Source : EUROSTAT

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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

2013201420152016

Jan 2016/15 : + 5,6%

Source : EUROSTAT, Reg. (EC) No 479/2010 Art. 1(a)1

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500

600

700

800

900

1.000

1.100

1.200

Jul

Au

g

Se

p

Oct

No

v

De

c

Jan

Fe

b

Ma

r

Ap

r

Ma

y

Jun

in 1000 tonnes

Australian milk production

2012/13

2013/14

2014/15

2015/16

Jul-Feb 2015/16 compared to 2014/15 : - 0,4%

0

500

1.000

1.500

2.000

2.500

3.000

3.500

Jun

Jul

Au

g

Se

p

Oct

No

v

De

c

Jan

Fe

b

Ma

r

Ap

r

Ma

y

in 1000

tonnes

NZ milk production

2012/13

2013/14

2014/15

2015/16

Jun-Feb 2015/16 compared to 2014/15 : - 1,8%

7.000

7.250

7.500

7.750

8.000

8.250

8.500

Jan

Fe

b

Ma

r

Ap

r

Ma

y

Jun

Jul

Au

g

Se

p

Oct

No

v

De

c

in 1000 tonnes

U.S. milk production

2013201420152016

Jan-Feb 2016 compared to 2015 : + 2,3%

Source : Dairyaustralia, Dcanz, USDA

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in Tonnes 2014 2015 2016 in Tonnes 2014 2015 2016

Extra-EU 20.948 20.567 26.168 + 27% Extra-EU 123.683 102.403 116.141 + 13%

Saudi Arabia 762 2.320 3.050 + 31% USA 16.472 19.248 21.064 + 9%

USA 1.153 2.075 2.798 + 35% Japan 5.883 9.507 10.050 + 6%

Egypt 108 2.643 2.088 - 21% Switzerland 8.091 8.102 8.259 + 2%

in Tonnes 2014 2015 2016 in Tonnes 2014 2015 2016

Extra-EU 96.263 117.558 122.571 + 4% Extra-EU 67.382 60.171 63.081 + 5%

Algeria 19.715 16.121 14.259 - 12% Oman 8.690 10.470 11.248 + 7%

Indonesia 11.707 7.865 12.052 + 53% Algeria 10.067 5.721 4.261 - 26%

China 13.265 6.040 10.346 + 71% Nigeria 8.083 6.155 4.191 - 32%

W.M.P.

EU Exports - Top 3 destinations in 2016Period : February

BUTTER CHEESE

S.M.P.

Source : EUROSTAT

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+ 79%

+ 61%

+ 25%

+ 22%

+ 39%

+ 33%

+ 45%

+ 1%

13

10

41

128

49

3

1

12

23

17

51

157

69

4

2

12

0 50 100 150 200

BUTTER + OIL

CHEESE

S.M.P.

W.M.P.

WHEYPOWDER

CASEIN(ATE)S

CONDENSED

LACTOSE

Qty in '000 tonnes

2015

2016

5

12

11

0

39

32

99

13

5

13

15

1

37

28

70

23

0 100

% of EU

CHINA IMPORTS (Jan-Feb 2016 compared to 2015)

Source : GTA

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Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

New Zealand 95 + 9% 71 + 30% 99 + 20% 260 - 0%

EU-28 38 + 49% 116 + 13% 123 + 4% 63 + 5%

United States 7 + 30% 47 - 13% 84 + 19% 5 - 36%

Australia 5 - 16% 27 + 12% 34 - 12% 9 - 22%

Belarus 11 + 117% 31 + 25% 15 - 11% 5 + 96%

Argentina 1 - 4% 7 + 22% 4 - 0% 16 - 15%

Jan-Feb 2016

compared to 2015

MAIN EXPORTING THIRD COUNTRIES

BUTTER(OIL) CHEESE S.M.P. W.M.P.

BUTTER +

BUTTEROILCHEESE S.M.P. W.M.P.

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

China 23 + 79% 17 + 61% 51 + 25% 157 + 22%

Algeria2016 not

avail.

Russiaup to

Jan 7 + 57% 15 + 16% 8 + 34% 3 + 52%

Japan 0 - 97% 40 + 8% 6 - 50% 0 - 30%

United States 9 + 88% 34 + 40% 0 - 55% 1 - 4%

Malaysiaup to

Jan 2 + 5% 2 + 8% 16 - 26% 3 - 17%

BUTTER +

BUTTEROILCHEESE

BUTTER(OIL) CHEESE S.M.P. W.M.P.Jan-Feb 2016

compared to 2015

S.M.P. W.M.P.

MAIN IMPORTING THIRD COUNTRIES

Source : GTA

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GD

T

Au

cti

on

Source : Globaldairytrade

Previousback to Dashboard