milk market situation · 17 nov 2016 source: ms’ communications to eurostat 10000 11000 12000...
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Milk Market Situation
Brussels, 17 Nov 2016
17 Nov 2016
!!! Data from some Member States are confidential and are NOT included in this table !!!
EU Productions
+2.0%+7.8% +9.9%
+5.7%+0.3%
-14.7%
-0.8%
+0.6% +2.4%
EU Productions (Jan-Aug 2016 compared to Jan-Aug 2015)
17 Nov 2016
-5.0% to -3.8%
-3.8% to -3.1%
-3.1% to -1.5%
-1.5% to 0.0%
0.0% to +1.1%
+1.1% to +2.0%
+2.0% to +4.9%
+4.9% to +25.0%
n/a+1.7
+4.9
+0.9
+2.7
+2.5
+0.9
+7.6
+2.0+1.8
-0.3
+1.1
+24.3
+1.9
-1.4
+13.9
+0.8
+3.4
+10.6
+1.7
+3.2
-4.0
+5.6
0
-4.0
+0.6
-1.6
-3.1
Source : MS' Communications to Eurostat, FEGA, AGEA, Reg.479/2010.1(a)1
-3.6
17 Nov 2016 Source: MS’ communications to Eurostat
10000
11000
12000
13000
14000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
10
00
To
nn
es
EU - Cows' milk collected
2016
2015
2014
2013
Jan-Aug 2016/15 : +2.0%
Last update : Jan-AugSource : Estat - Newcronos
Jan-Aug 2016/15 : + 2.0%
17 Nov 2016
28.3
33.4
20
22
24
26
28
30
32
34
36
38
40
42
44
46
48
50
Jan 0
1
Jan 0
2
Jan 0
3
Jan 0
4
Jan 0
5
Jan 0
6
Jan 0
7
Jan 0
8
Jan 0
9
Jan 1
0
Jan 1
1
Jan 1
2
Jan 1
3
Jan 1
4
Jan 1
5
Jan 1
6
Jan 1
7
EUR/100 kgEU Raw Milk Prices Evolution (up to October 2016*)
Weighted EU Average (real fat content)
EU Milk Equiv. Price (based on SMP and Butter prices)
Source : MS’ communications under reg. 562/2005 & 479/2010 Source : MS’ communications under reg. 562/2005 & 479/2010
* : provisional figures
* : estimated price in running month
17 Nov 2016 Source: MS’ communications under Reg. 479//2010
NB: The above national price averages are of mixed nature, some relate to standardised milk, others to milk with real fat and protein
content, pending harmonisation under reg. 479/2010
55.1
47.7
38.3
36.6
31.3
30.2
29.8
29.6
29.5
28.9
28.7
27
.8
27.4
27.1
27.1
27.0
26.5
26.4
26.4
26.3
25.8
25.3
24.8
24.2
23.4
23.3
23.1
21.2
21.1
0
5
10
15
20
25
30
35
40
45
50
55
60
CY MT GR FI IT FR AT SE IE HR ES EU DK BG PT BE LU PL DE NL GB RO SI SK HU EE CZ LT LV
in E
UR
/1
00
kg
E U M I L K P R I C E S
Milk Price 2015
Milk Price 2016
Source : Member States (Reg. 479/2010)
( Sep 2016 vs Sep 2015 )
Estimates for DK, IE, ES, SE
17 Nov 2016 Source: MS’ communications under Regs. 562/2005 and 479/2010
150
200
250
300
350
400
450
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
EUR/1
00 kg
Weekly EU SMP Prices
2013 2014 2015 2016 IP 2009
Latest price : 199 EUR/100kg
Evolution compared to same period last year : +12%
209
205
199198
190188 188
182
150
160
170
180
190
200
210
220
BE DE EU Avg. NL LV IE CZ PL
in E
UR
/100 kg
EU S.M.P. Prices (up to 6.11.2016)
I.P. : 169.8
Source : Reg. (EC) No 479/2010 Article 2
17 Nov 2016
17 Nov 2016 Source: MS’ communications under Regs. 562/2005 and 479/2010
150
200
250
300
350
400
450
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
EUR/1
00 kg
Weekly EU BUTTER Prices
2013 2014 2015 2016 IP 2009
Evolution compared to same period last year : +38%
Latest price : 410 EUR/100kg
17 Nov 2016
435 433 428 426416
410401 396 394 393 391
381
150
200
250
300
350
400
450
500
DE NL BE SK GB EU
Avg.
HR IE PL EE CZ LV
EU
R/1
00 kg
EU BUTTER Prices (up to 6.11.2016)
Source : Reg. (EC) No 479/2010 Article 2
I.P. = 221.75
17 Nov 2016
410
199
140
160
180
200
220
240
260
280
300
320
340
360
380
400
420
440
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 E
UR
/100 kg
.
EU Quotations of Butter and SMP
(EU average based on MS communication and weighted by production)
Butter Intervention buying in price
SMP Intervention buying in price
BUTTER prices
SMP prices
Source: MS’ communications under reg. 562/2005 and 479/2010
17 Nov 2016
140
160
180
200
220
240
260
280
300
320
340
360
380
400
420
440
Jan 0
3
Jan 0
4
Jan 0
5
Jan 0
6
Jan 0
7
Jan 0
8
Jan 0
9
Jan 1
0
Jan 1
1
Jan 1
2
Jan 1
3
Jan 1
4
Jan 1
5
Jan 1
6
in E
UR/1
00 k
g
EU Dairy Quotations
(EU Average Prices based on MS communication and weighted by production)
BUTTER
SMP
WMP
CHEDDAR
Source: MS’ communications under reg. 562/2005 and 479/2010
17 Nov 2016 Source: MS’ communications under Regs. 562/2005 and 479/2010
150
200
250
300
350
400
450
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
EUR/1
00 kg
Weekly EU WMP Prices
2013 2014 2015 2016
Evolution compared to same period last year : +15%
Latest price : 277 EUR/100kg
17 Nov 2016
Source: MS’ communications under Regs. 562/2005 and 479/2010
200
250
300
350
400
450
500
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
EU
R/100 k
g
Weekly EU CHEDDAR Prices
2013 2014 2015 2016
Evolution compared to same period last year : +5%
Latest price : 316 EUR/100kg
150
200
250
300
350
400
450
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
EU
R/100 k
g
Weekly EU EDAM Prices
2 013 2 014 2 015 2 016
Evolution compared to same period last year : +28%
Latest price : 323 EUR/100kg
50
60
70
80
90
100
110
120Ja
n
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
EU
R/1
00 k
g
Weekly EU WheyPowder Prices
2013 2014 2015 2016 Series2
Evolution compared to same period last year : +40%
Latest price : 88 EUR/100kg
17 Nov 2016
Source: MS’ communications under Regs. 562/2005 and 479/2010
17 Nov 2016
-25 000
0
25 000
50 000
75 000
100 000
125 000
150 000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Qu
anti
ty in
to
nn
es
Private Storage Aid Scheme (2014-2016) - BUTTER
Quantities In (2016) Quantities Out (2016)
Quantity offered (2014)
Quantity offered (2015) Stocks level end of month (2015)
Quantity offered (2016) Stocks level end of month (2016)
17 Nov 2016
-10 000
-5 000
0
5 000
10 000
15 000
20 000
25 000
30 000
35 000
40 000
45 000
50 000
55 000
60 000
65 000
70 000
75 000
80 000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Qu
anti
ty in
to
nn
es
Private Storage Aid Scheme (2014-2016) - S.M.P.
Quantities In (2016) Quantities Out (2016) Quantity offered (2014)
Quantity offered - max 210 days (2015) Quantity offered - max 210 & 365 days (2015) Stocks level end of month (2015)
Quantity offered - max 210 days (2016) Quantity offered - max 210 & 365 days (2016) Stocks level end of month (2016)
17 Nov 2016
-10 000
0
10 000
20 000
30 000
40 000
50 000
60 000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Qu
anti
ty in
to
nn
es
Private Storage Aid Scheme (2016) - CHEESE
Quantities In (2016) Quantities Out (2016) Quantity offered (2016) Stocks level end of month (2016)
17 Nov 2016
-25 000
0
25 000
50 000
75 000
100 000
125 000
150 000
175 000
200 000
225 000
250 000
275 000
300 000
325 000
350 000
375 000
Qu
anti
ty in
to
nn
es
Public SMP Intervention scheme (2015-2016)Buying-in quantity at fixed price
Quantities In (2016) Quantities Out (2016)
Quantity offered (2015) Stocks level end of month (2015)
Quantity offered (2016) Stocks level end of month (2016)
Cumulate quantity up to 13.11.2016 (buying-in at fixed price) : 256 026 T
17 Nov 2016 source: www.xe.com
US Dollar
USD/EUR
1.0777
17 Nov 2016
2 3382 212
1 926
1 000
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
5 500
6 000
Ju
l 09
Oct
09
Jan 1
0
Apr
10
Ju
l 10
Oct
10
Jan 1
1
Apr
11
Ju
l 11
Oct
11
Jan 1
2
Apr
12
Ju
l 12
Oct
12
Ja
n 1
3
Apr
13
Ju
l 13
Oct
13
Ja
n 1
4
Apr
14
Ju
l 14
Oct
14
Ja
n 1
5
Apr
15
Ju
l 15
Oct
15
Ja
n 1
6
Apr
16
Ju
l 16
Oct
16
Pri
ces in
US
D/tonne
EU/US/Oceania Quotations of SMP
Avg Oceania SMP quotation
Avg EU SMP internal Price
Avg US SMP quotation
Source: MS’ communications under regs. 562/2005 and 479/2010 & USDA market news
17 Nov 2016
3 1003 0722 921
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
5 500
6 000
Jul 0
9
Oct
09
Jan 1
0
Apr
10
Jul 1
0
Oct
10
Jan 1
1
Apr
11
Jul 1
1
Oct
11
Jan 1
2
Apr
12
Jul 1
2
Oct
12
Jan 1
3
Apr
13
Jul 1
3
Oct
13
Jan 1
4
Apr
14
Jul 1
4
Oct
14
Jan 1
5
Apr
15
Jul 1
5
Oct
15
Jan 1
6
Apr
16
Jul 1
6
Oct
16
Pri
ces
in U
SD
/tonne
EU/US/Oceania Quotations of WMP
Avg Oceania WMP quotation
Avg EU WMP internal Price
Avg US WMP quotation
Source: MS’ communications under regs. 562/2005 and 479/2010 & USDA market news
17 Nov 2016
4 100
4 545
4 267
1 500
2 000
2 500
3 000
3 500
4 000
4 500
5 000
5 500
6 000
6 500
7 000Ju
l 09
Oct
09
Ja
n 1
0
Apr
10
Ju
l 10
Oct
10
Ja
n 1
1
Apr
11
Ju
l 11
Oct
11
Ja
n 1
2
Apr
12
Ju
l 12
Oct
12
Ja
n 1
3
Apr
13
Ju
l 13
Oct
13
Ja
n 1
4
Apr
14
Ju
l 14
Oct
14
Ja
n 1
5
Apr
15
Ju
l 15
Oct
15
Ja
n 1
6
Apr
16
Ju
l 16
Oct
16
Pri
ces in U
SD
/tonne
EU/US/Oceania Quotations of Butter
Avg Oceania Butter quotation
Avg EU Butter internal Price
Avg US Butter quotation
Source: MS’ communications under regs. 562/2005 and 479/2010 & USDA market news
17 Nov 2016
3 613
4 247
3 510
2 000
2 500
3 000
3 500
4 000
4 500
5 000
5 500
6 000
Ju
l 09
Oct
09
Ja
n 1
0
Apr
10
Ju
l 10
Oct
10
Ja
n 1
1
Apr
11
Ju
l 11
Oct
11
Ja
n 1
2
Apr
12
Ju
l 12
Oct
12
Ja
n 1
3
Apr
13
Ju
l 13
Oct
13
Ja
n 1
4
Apr
14
Ju
l 14
Oct
14
Ja
n 1
5
Apr
15
Ju
l 15
Oct
15
Ja
n 1
6
Apr
16
Ju
l 16
Oct
16
Pri
ces in
US
D/tonne
EU/US/Oceania Quotations of Cheddar
Avg OceaniaCheddar quotation
Avg EU Cheddar internal Price
Avg US Cheddar quotation
Source: MS’ communications under regs. 562/2005 and 479/2010 & USDA market news
17 Nov 2016
131 203
181 699
336 247346 861
24 644 22 937
19 594
19 741
6 577 3 985
0
50 000
100 000
150 000
200 000
250 000
300 000
350 000
400 000
2015 2016
BUTTER & Butteroil Exports
EU-28 (up to Sep)New Zealand (up to Sep)Australia (up to Sep)United States (up to Sep)Argentina (up to Sep)
17 Nov 2016
532 501
433 091
264 351303 226
144 562 .113 998 .
419 529 . 408 730 .
17 963 17 801
0
100 000
200 000
300 000
400 000
500 000
600 000
2015 2016
SMP ExportsEU-28 (up to Sep)New Zealand (up to Sep)Australia (up to Sep)United States (up to Sep)Argentina (up to Sep)
17 Nov 2016
311
371
302
866
922 251 .
885 256 .47
719
51 3
88
29 9
98
51 5
15
89 0
43
83 3
38
0
100 000
200 000
300 000
400 000
500 000
600 000
700 000
800 000
900 000
1 000 000
2015 2016
WMP ExportsEU-28 (up to Sep)New Zealand (up to Sep)Australia (up to Sep)United States (up to Sep)Argentina (up to Sep)
17 Nov 2016
524 113
596 686
229 785251 325
123
373
120
680
246 545210 387
31 676 37 619
0
100 000
200 000
300 000
400 000
500 000
600 000
700 000
2015 2016
CHEESE Exports
EU-28 (up to Sep)New Zealand (up to Sep)Australia (up to Sep)United States (up to Sep)Argentina (up to Sep)
17 Nov 2016
EU-28 Exports (1/2) Source : Eurostat (COMEXT)
0
20
40
60
80
100
120
140
2009 2010 2011 2012 2013 2014 2015
119126
94102 102
120
135
1000 Tonnes
BUTTER exports
0
5
10
15
20
25
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan- Sep 2016 exports compared to 2015 : + 36%
BUTTER exports
2015
2016
0
100
200
300
400
500
600
700
800
2009 2010 2011 2012 2013 2014 2015
229
376
515 520
407
648692
1000 TonnesSMP exports
0
10
20
30
40
50
60
70
80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan- Sep 2016 exports compared to 2015 : - 19%
SMP exports
2015
2016
17 Nov 2016
EU-28 Exports (2/2)
0
100
200
300
400
500
600
700
800
2009 2010 2011 2012 2013 2014 2015
569
667 673
768 786
721 719
1000 Tonnes
CHEESE exports
0
100
200
300
400
500
2009 2010 2011 2012 2013 2014 2015
458 445
388 386 374390 400
1000 TonnesWMP exports
0
10
20
30
40
50
60
70
80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan- Sep 2016 exports compared to 2015 : + 14%
CHEESE exports
2015
2016
0
10
20
30
40
50
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan- Sep 2016 exports compared to 2015 : - 3%
WMP exports
2015
2016
17 Nov 2016
19 72616 576
28 182
37 281
63 494 62 815
50 324
64 641
23 374
33 500
0
10 000
20 000
30 000
40 000
50 000
60 000
70 000
2015 2016
BUTTER + Butteroil Imports
EU-28 (up to Sep)
United States (up to Sep)
Russia (up to Aug)
China (up to Sep)
Mexico (up to Aug)
17 Nov 2016
2 5652 989
148 394
183 392
70 233
88 978
164 820
152 054
42 290
25 508
0
20 000
40 000
60 000
80 000
100 000
120 000
140 000
160 000
180 000
200 000
2015 2016
SMP ImportsEU-28 (up to Sep)
Mexico (up to Aug)
Russia (up to Aug)
China (up to Sep)
Japan (up to Sep)
17 Nov 2016
2 537 5 20519 171 28 260
288 166
344 689
7 864 12 1074 941 9 867
0
50 000
100 000
150 000
200 000
250 000
300 000
350 000
400 000
2015 2016
WMP ImportsEU-28 (up to Sep)
Russia (up to Aug)
China (up to Sep)
United States (up to Sep)
Mexico (up to Aug)
17 Nov 2016
44 579 52 911
136 680146 173
129 253
148 530
55 129
70 401
184 311 190 553
0
50 000
100 000
150 000
200 000
250 000
2015 2016
CHEESE Imports
EU-28 (up to Sep)
United States (up to Sep)
Russia (up to Aug)
China (up to Sep)
Japan (up to Sep)
17 Nov 2016
Main Dairy Importers (Butter + Butteroil 1/2)
0
25
50
75
100
125
2009 2010 2011 2012 2013 2014 2015
5472 73 68
136 139
95
1000 Tonnes
Russia
0
2
4
6
8
10
12
14
16
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Aug 2016 compared to 2015 : - 1%
2015
2016
0
25
50
75
100
125
2009 2010 2011 2012 2013 2014 2015
28 2336
48 52
8071
1000 Tonnes
China
0
2
4
6
8
10
12
14
16
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Sep 2016 compared to 2015 : + 28%
2015
2016
17 Nov 2016
Main Dairy Importers (Butter + Butteroil 2/2)
0
25
50
75
100
125
2009 2010 2011 2012 2013 2014 2015
2414 13 18 14 22
40
1000 Tonnes
United States
0
25
50
75
100
125
2009 2010 2011 2012 2013 2014 2015
38 35
98
49 50 4555
1000 Tonnes
Egypt
0
2
4
6
8
10
12
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnesJan-Sep 2016 compared to 2015 : + 32%
2015
2016
Jan-Sep 2016 compared to 2015 : + 32%
0
2
4
6
8
10
12
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Jul 2016 compared to 2015 : + 4%
2015
2016
2016
Jan-Jul 2016 compared to 2015 : + 4%
17 Nov 2016
Main Dairy Importers (S.M.P. - 1/2)
0
50
100
150
200
250
300
2009 2010 2011 2012 2013 2014 2015
70 89130
168
235 253
200
1000 Tonnes
China
0
5
10
15
20
25
30
35
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Sep 2016 compared to 2015 : - 8%
2015
2016
0
50
100
150
200
250
2009 2010 2011 2012 2013 2014 2015
93 98129
112 120
168131
1000 Tonnes
Algeria
0
5
10
15
20
25
30
35
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
2015
2016
17 Nov 2016
Main Dairy Importers (S.M.P. – 2/2)
0
50
100
150
200
250
2009 2010 2011 2012 2013 2014 2015
8
6327 27
11295
113
1000 Tonnes
Russia
0
25
50
75
100
125
150
175
2009 2010 2011 2012 2013 2014 2015
104132 128 136
155 146 145
1000 Tonnes
Indonesia
0
2
4
6
8
10
12
14
16
18
20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
2015
2014
Jan-Aug 2016 compared to 2015 : + 27%
2016
2016
0
5
10
15
20
25
1000 tonnes
Jan-May 2016 compared to 2015 : - 3%
2009
2010
0
50
100
150
200
250
2009 2010 2011 2012 2013 2014 2015
104132 128 136
155 146 145
1000 Tonnes
Indonesia
0
2
4
6
8
10
12
14
16
18
20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-May 2016 compared to 2015 : - 3%
2015
2016
17 Nov 2016
Main Dairy Importers (W.M.P. 1/2)
0
100
200
300
400
500
600
700
2009 2010 2011 2012 2013 2014 2015
177
326 320406
619671
347
1000 Tonnes
China
0
20
40
60
80
100
120
140
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Sep 2016 compared to 2015 : + 20%
2015
2016
0
50
100
150
200
250
300
350
2009 2010 2011 2012 2013 2014 2015
200167
204 188142
204 210
1000 Tonnes
Algeria
0
10
20
30
40
50
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
2015
2014 2016
17 Nov 2016
Main Dairy Importers (W.M.P. 2/2)
0
50
100
150
200
250
300
350
2009 2010 2011 2012 2013 2014 2015
33 39 51 64 74 81 75
1000 Tonnes
Hong Kong
0
50
100
150
200
250
300
350
2009 2010 2011 2012 2013 2014 2015
74 83 81 74 90 85 75
1000 Tonnes
Singapore
0
5
10
15
20
25
30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Sep 2016 compared to 2015 : + 15%
20152016
0
5
10
15
20
25
30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnesJan-Aug 2016 compared to 2015 : - 2%
2015
2013 2016
Jan-Aug 2016 compared to 2015 : - 2%
2016
17 Nov 2016
Main Dairy Importers (Cheese – 1/2)
0
50
100
150
200
250
300
350
400
450
2009 2010 2011 2012 2013 2014 2015
229294 296 316
440
316
208
1000 Tonnes
Russia
0
5
10
15
20
25
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Aug 2016 compared to 2015 : + 15%
2015
2016
2016
0
50
100
150
200
250
300
350
2009 2010 2011 2012 2013 2014 2015
184 199 215 235 236 232 249
1000 Tonnes
Japan
0
5
10
15
20
25
30
35
40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Sep 2016 compared to 2015 : + 3%
20152016
17 Nov 2016
Main Dairy Importers (Cheese – 2/2)
0
50
100
150
200
250
300
350
2009 2010 2011 2012 2013 2014 2015
49 61 76 78 85 97 112
1000 Tonnes
South Korea
0
50
100
150
200
250
300
350
2009 2010 2011 2012 2013 2014 2015
162138 143 154 148 165
200
1000 Tonnes
United States
0
5
10
15
20
25
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Sep 2016 compared to 2015 : - 2%
20152016
0
5
10
15
20
25
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1000 tonnes
Jan-Sep 2016 compared to 2015 : + 7%
2015
2016
17 Nov 2016
7 000
7 250
7 500
7 750
8 000
8 250
8 500
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
in 1
000 t
on
nes
U.S. milk production
2013
2014
2015
2016
Source:USDA
Jan-Sep 2016 vs 2015 : + 1.7% (real monthly production)
17 Nov 2016 Source: Dairy Australia
500
600
700
800
900
1 000
1 100
1 200
Ju
l
Au
g
Sep
Oct
No
v
Dec
Ja
n
Feb
Mar
Ap
r
May
Ju
n
in 1
000 t
on
nes
Jul-Sep 2016/17 compared to 2015/16 : - 9.9%
Australian milk production
2013/14
2014/15
2015/16
2016/17
17 Nov 2016 Source: DCANZ - Fonterra
0
500
1 000
1 500
2 000
2 500
3 000
3 500
Ju
n
Ju
l
Au
g
Sep
Oct
No
v
Dec
Ja
n
Feb
Mar
Ap
r
May
in 1
000 t
on
nes
.
Jun-Sep 2016/17 compared to 2015/16 : - 0.2%
NZ milk production
2013/14
2014/15
2015/16
2016/17
Anhydrous Milk Fat
+2.6$ 5 146
Butter
+4.0%$ 4 146
Butter MilkPowder
-5.4%$ 2 248
Cheddar
+0.9%$ 3 332
17 Nov 2016
GDT Auction results
+0.9%
Lactose
-4.0%$ 755
Rennet Casein
-4.8%$ 6 025
Skim MilkPowder
+6.5%$ 2 329
Whole MilkPowder
+19.8%$ 3 317
Average price (USD/MT, FAS)
Event 1751 November 2016
11.4%$ 3 327
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