2015) china imports (jan -mar 2016 compared tojan - mar 2016/15 : + 7,2% sources : eurostat, reg....

DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 09.06.2016

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

Jan

17

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 A

uct

ion

EU P

rod

uct

ion

sEU

Tra

de

+7,2%+12,3%

+18,8% +18,6%

+3,0%

-10,9%

+0,7% +3,1% +4,4%

EU Productions (Jan-Mar 2016 compared to Jan-Mar 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

+ 5,8 %

+ 6,7 %

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

Qty in

ktons

%

2016

/15

New Zealand 133 - 3% 102 + 14% 128 + 4% 354 - 16%

EU-28 61 + 46% 185 + 14% 179 - 1% 94 - 1%

United States 11 + 29% 72 - 18% 125 - 0% 7 - 41%

Australia 7 - 24% 40 + 4% 50 - 11% 15 - 11%

Belarus 17 + 108% 48 + 35% 24 - 8% 8 + 27%

Argentinaup to

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

Jan-Mar 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 28 + 62% 24 + 40% 72 + 29% 204 + 24%

Algeria2016 not

avail.

Russiaup to

Feb 13 + 60% 30 + 18% 15 + 5% 7 + 61%

Japan 0 - 95% 67 + 12% 10 - 47% 0 - 25%

United States 16 + 79% 53 + 31% 0 - 70% 3 + 25%

Thailand 4 + 5% 5 + 18% 14 - 37% 19 + 17%

BUTTER(OIL) CHEESE S.M.P. W.M.P.Jan-Mar 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 collected2013201420152016

Jan-Mar 2016/15 : + 7,2%

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-Apr 2015/16 compared to 2014/15 : - 1,2%

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-Apr 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-Apr 2016 compared to 2015 : + 1,9%

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

EUR/100 kg

Weighted EU Average (real fat content)

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

* : provisional figures

26,6

23,5

EU Raw Milk Prices Evolution (up to May 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

26,0 € (05 Jun)

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

21,5 € (05 Jun)

20

40

60

80

100

120

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

49,26

Last update : 05.06.2016

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 :

20,3

26,6

30,6

The latest EU Raw Milk Price (May 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

Oct

Jan

EUR / USD Exchange Rate

1,1348

Last Update : 08.06.16

EU Oceania USA EU Oceania USA

Butter 2 900 2 650 4 577 + 1,6% + 2,9% + 1,4%

SMP 1 861 1 700 1 732 + 0,2% - 0,7% - 2,5%

WMP 2 302 2 063 2 756 + 3,6% + 1,9% + 5,0%

Cheddar 2 910 2 613 2 981 + 1,1% + 2,0% + 5,7%

Price in USD/Tonne

on 29.05.2016

% change

(15 days ago)

LATEST WORLD QUOTATIONS

in Tonnes 2014 2015 2016 in Tonnes 2014 2015 2016

Extra-EU 31.450 33.179 41.444 + 25% Extra-EU 187.384 161.776 184.717 + 14%

Saudi Arabia 1.087 4.047 4.951 + 22% USA 24.962 30.751 31.239 + 2%

Egypt 418 4.277 3.777 - 12% Japan 8.865 14.563 15.828 + 9%

USA 1.759 2.905 3.669 + 26% Switzerland 12.537 13.267 13.467 + 2%

in Tonnes 2014 2015 2016 in Tonnes 2014 2015 2016Extra-EU 149.174 181.357 178.731 - 1% Extra-EU 104.155 94.601 94.032 - 1%

Algeria 34.644 25.888 21.778 - 16% Oman 12.522 15.299 14.231 - 7%

China 20.210 9.733 16.648 + 71% Algeria 20.502 9.865 5.859 - 41%

Indonesia 15.695 13.682 16.350 + 20% Cuba 4.879 5.137 5.147 + 0%

W.M.P.

EU Exports - Top 3 destinations in 2016Period : Januay - March

BUTTER CHEESE

S.M.P.

+ 62%

+ 40%

+ 29%

+ 24%

+ 38%

+ 29%

+ 65%

+ 5%

17

17

56

164

80

4

2

19

28

24

72

204

110

6

4

20

0 100 200 300

BUTTER + OIL

CHEESE

S.M.P.

W.M.P.

WHEYPOWDER

CASEIN(ATE)S

CONDENSED

LACTOSE

Qty in '000 tonnes

2015

2016

7

13

12

0

41

33

97

14

7

14

17

1

36

31

64

23

0 100

% of EU

CHINA IMPORTS (Jan-Mar 2016 compared to 2015)

27,3Raw Milk €/100 kg

EU Price Evolution since

last month

- 4,0%

276BUTTER €/100 kg + 7,5%

169S.M.P. €/100 kg + 2,4%

211W.M.P. €/100 kg + 5,5%

266CHEDDAR €/100 kg + 3,4%

Compared to the averageof the previous 4 weeks

EU Prices

(week 22)

(week 22)

Apr-2016

back to DashboardNext

Wo

rld

Qu

ota

tio

ns

EU P

rice

s

Jan

01

27,3Raw Milk €/100 kg

EU Price Evolution since

last month

- 4,0%

276BUTTER €/100 kg + 7,5%

169S.M.P. €/100 kg + 2,4%

211W.M.P. €/100 kg + 5,5%

266CHEDDAR €/100 kg + 3,4%

Compared to the average

of the previous 4 weeks

EU Prices (week 22)

Apr-2016

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

\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

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

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

EUR/100 kg

Weighted EU Average (real fat content)

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

* : provisional figures

26,6

23,5

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

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\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

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

26,0 € (05 Jun)

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

21,5 € (05 Jun)

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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

Jan

17

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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\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

Source : DG AGRI, USDA

EU Oceania USA EU Oceania USA

Butter 2 900 2 650 4 577 + 1,6% + 2,9% + 1,4%

SMP 1 861 1 700 1 732 + 0,2% - 0,7% - 2,5%

WMP 2 302 2 063 2 756 + 3,6% + 1,9% + 5,0%

Cheddar 2 910 2 613 2 981 + 1,1% + 2,0% + 5,7%

Price in USD/Tonne

on 29.05.2016

% change

(15 days ago)

LATEST WORLD QUOTATIONS

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\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

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 :

20,3

26,6

30,6

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

U.S. and New Zealand Milk Prices Evolution

PreviousPage

Next back to Dashboard

\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

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

+ 5,8 %

+ 6,7 %

(week 22)

1,00

1,10

1,20

1,30

1,40

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

EUR / USD Exchange Rate

1,1348

Last Update : 08.06.16

20

40

60

80

100

120

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

49,26

Last update : 05.06.2016

OIL : Europe Brent Spot Price(USD/Barrel)

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\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

+7,2%+12,3%

+18,8% +18,6%

+3,0%

-10,9%

+0,7% +3,1% +4,4%

EU Productions (Jan-Mar 2016 compared to Jan-Mar 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 collected2013201420152016

Jan-Mar 2016/15 : + 7,2%

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

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\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

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-Apr 2015/16 compared to 2014/15 : - 1,2%

0

500

1000

1500

2000

2500

3000

3500

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

7000

7250

7500

7750

8000

8250

8500

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-Apr 2016 compared to 2015 : + 1,9%

Source : Dairyaustralia, Dcanz, USDA

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\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

in Tonnes 2014 2015 2016 in Tonnes 2014 2015 2016

Extra-EU 31 450 33 179 41 444 + 25% Extra-EU 187 384 161 776 184 717 + 14%

Saudi Arabia 1 087 4 047 4 951 + 22% USA 24 962 30 751 31 239 + 2%

Egypt 418 4 277 3 777 - 12% Japan 8 865 14 563 15 828 + 9%

USA 1 759 2 905 3 669 + 26% Switzerland 12 537 13 267 13 467 + 2%

in Tonnes 2014 2015 2016 in Tonnes 2014 2015 2016

Extra-EU 149 174 181 357 178 731 - 1% Extra-EU 104 155 94 601 94 032 - 1%

Algeria 34 644 25 888 21 778 - 16% Oman 12 522 15 299 14 231 - 7%

China 20 210 9 733 16 648 + 71% Algeria 20 502 9 865 5 859 - 41%

Indonesia 15 695 13 682 16 350 + 20% Cuba 4 879 5 137 5 147 + 0%

W.M.P.

EU Exports - Top 3 destinations in 2016Period : Januay - March

BUTTER CHEESE

S.M.P.

Source : EUROSTAT

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\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

+ 62%

+ 40%

+ 29%

+ 24%

+ 38%

+ 29%

+ 65%

+ 5%

17

17

56

164

80

4

2

19

28

24

72

204

110

6

4

20

0 100 200 300

BUTTER + OIL

CHEESE

S.M.P.

W.M.P.

WHEYPOWDER

CASEIN(ATE)S

CONDENSED

LACTOSE

Qty in '000 tonnes

2015

2016

7

13

12

0

41

33

97

14

7

14

17

1

36

31

64

23

0 100

% of EU

CHINA IMPORTS (Jan-Mar 2016 compared to 2015)

Source : GTA

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\\net1.cec.eu.int\AGRI\C\4\C5 DATA\5. CEREALES\DASHBOARD\Dashboard_Cereals_Blue.xlsx - 'Dashboard (2)'!W64

Qty in

ktons

% 2016

/15

Qty in

ktons

% 2016

/15

Qty in

ktons

% 2016

/15

Qty in

ktons

% 2016

/15

New Zealand 133 - 3% 102 + 14% 128 + 4% 354 - 16%

EU-28 61 + 46% 185 + 14% 179 - 1% 94 - 1%

United States 11 + 29% 72 - 18% 125 - 0% 7 - 41%

Australia 7 - 24% 40 + 4% 50 - 11% 15 - 11%

Belarus 17 + 108% 48 + 35% 24 - 8% 8 + 27%

Argentina up to Feb 1 - 4% 7 + 22% 4 - 0% 16 - 15%

MAIN EXPORTING THIRD COUNTRIES

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

BUTTER +

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

Jan-Mar 2016

compared to 2015

Qty in

ktons

% 2016

/15

Qty in

ktons

% 2016

/15

Qty in

ktons

% 2016

/15

Qty in

ktons

% 2016

/15

China 28 + 62% 24 + 40% 72 + 29% 204 + 24%

Algeria2016 not

avail.

Russia up to Feb 13 + 60% 30 + 18% 15 + 5% 7 + 61%

Japan 0 - 95% 67 + 12% 10 - 47% 0 - 25%

United States 16 + 79% 53 + 31% 0 - 70% 3 + 25%

Thailand 4 + 5% 5 + 18% 14 - 37% 19 + 17%

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

MAIN IMPORTING THIRD COUNTRIES

BUTTER +

BUTTEROILCHEESE

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

compared to 2015

Source : GTA

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GD

T

Au

cti

on

Au

cti

on

Source : Globaldairytrade

Previousback to Dashboard