china imports (jan -mar 2017 compared to 2016)...russia up to feb 17 + 18% 31 - 8% 20 + 21% 10 + 41%...

DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 18.05.2017

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

Au

ctio

n

EU P

rod

uct

ion

sEU

Tra

de

-2.3%-4.0%

-9.0%

+0.4%+1.0%

-0.5%-2.8%

+0.6% +1.7%

- 15%

- 10%

- 5%

+ 0%

+ 5%

EU Productions (Jan-Mar 2017 compared to Jan-Mar 2016)

Wo

rld

Pro

du

ctio

ns

Wo

rld

Tra

de

USD

/Fe

ed

/En

erg

y

Feed / Energy quotations(evolution compared to the

Feed costs

Energy costs

+ 0.8 %

- 5.3 %

Qty in

ktons

% 2017

/15

Qty in

ktons

% 2017

/15

Qty in

ktons

% 2017

/15

Qty in

ktons

% 2017

/15

New Zealand 117 - 12% 89 - 13% 104 - 19% 345 - 2%

EU-28 46 - 27% 202 + 9% 191 + 7% 106 + 12%

United States 6 - 46% 81 + 12% 149 + 19% 7 - 3%

Australia 3 - 56% 43 + 9% 39 - 22% 15 - 2%

Belarus up to Feb 10 - 10% 30 - 4% 15 + 1% 4 - 22%

Uruguay

Jan-Mar 2017

compared to 2016

MAIN EXPORTING THIRD COUNTRIES

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

Qty in

ktons

% 2017

/15

Qty in

ktons

% 2017

/15

Qty in

ktons

% 2017

/15

Qty in

ktons

% 2017

/15

China 24 - 15% 28 + 17% 74 + 3% 196 - 4%

Algeria up to Feb 2 - 26% 3 - 49% 25 + 39% 60 + 72%

Japan 0 + 30% 65 - 3% 10 + 0% 0 + 88%

Mexico up to Feb 12 + 0% 18 - 14% 47 + 16% 0 - 95%

Russia up to Feb 17 + 18% 31 - 8% 20 + 21% 10 + 41%

United States

Jan-Mar 2017

compared to 2016

MAIN IMPORTING THIRD COUNTRIES


10 000

11 000

12 000

13 000

14 000

Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

De

c

1000

To

nn

es

EU - Cows' milk collected2014201520162017

Jan-Mar 2017/16 : - 2.3%

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

2013/14

2014/15

2015/16

2016/17

Jul-Mar 2016/17 compared to 2015/16 : - 8.1%

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

2013/14

2014/15

2015/16

2016/17

Jun-Mar 2016/17 compared to 2015/16 : - 1.6%

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

2014201520162017

Jan-Mar 2017 compared to 2016 : + 1.0%

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

33.0 32.3

EU Raw Milk Prices Evolution (up to April 2017*)

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

DE

C

EUR

/10

0 k

g

2-WEEKLY Milk Spot Prices

- IT, Lodi -

2014

2015

2016

2017

34.3 € (14 May)

10

20

30

40

50

JAN

FEB

MA

R

AP

R

MA

Y

JUN

JUL

AU

G

SEP

OC

T

NO

V

DE

C

EUR

/10

0 k

g

WEEKLY Milk Spot Prices

- NL -

2014

2015

2016

2017

33.8 € (14 May)

20

40

60

80

100

120

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

Last update : 14.05.17

OIL : Europe Brent Spot Price(USD/Barrel)

46.61

0

25

50

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

20

15

20

16

20

17 EU

R/1

00

kgUS Milk (class III adj 4.2% fat)

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

EU Raw Milk price

Source :

32.4 33.0

37.2

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

1.1059

Last Update : 17.05.17

EU Oceania USA EU Oceania USA

Butter 4 815 5 025 4 791 + 4.4% - 2.0% + 3.1%

SMP 1 959 2 000 1 892 + 4.4% - 1.2% - 0.1%

WMP 3 070 3 200 3 009 + 4.6% + 4.1% - 6.8%

Cheddar 3 642 3 600 3 556 + 3.4% + 3.6% + 5.4%

Price in USD/Tonne

on 14.05.2017

% change

(15 days ago)

LATEST WORLD QUOTATIONS

in Tonnes 2015 2016 2017 in Tonnes 2015 2016 2017

Extra-EU 33 160 41 455 35 385 - 15% Extra-EU 161 759 184 949 201 956 + 9%

USA 2 905 4 095 6 136 + 50% USA 30 743 31 961 32 322 + 1%

Saudi Arabia 4 053 4 980 2 417 - 51% Japan 14 453 16 115 23 076 + 43%

China 1 113 1 821 2 078 + 14% South Korea 9 103 11 084 14 309 + 29%


Extra-EU 186 307 178 540 190 512 + 7% Extra-EU 102 582 94 030 105 701 + 12%

Algeria 27 238 21 740 26 466 + 22% Algeria 9 818 5 859 19 223 +++

China 10 503 17 118 21 059 + 23% Oman 15 276 14 231 11 978 - 16%

Indonesia 13 682 16 350 17 213 + 5% China 4 058 4 596 5 775 + 26%

W.M.P.

EU Exports - Top 3 destinations in 2017Period : January - March

BUTTER CHEESE

S.M.P.

- 15%

+ 17%

+ 3%

- 4%

+ 11%

- 36%

+ 31%

+ 17%

28

24

72

204

110

6

4

20

24

28

74

196

122

4

5

24

0 100 200

BUTTER + OIL

CHEESE

S.M.P.

W.M.P.

WHEYPOWDER

CASEIN(ATE)S

CONDENSED

LACTOSE

Qty in '000 tonnes

2016

2017

7

14

17

1

36

31

64

23

9

12

21

3

32

25

80

24

0 100

% of EU

CHINA IMPORTS (Jan-Mar 2017 compared to 2016)

33.1Raw Milk €/100 kg

EU Price Evolution since

last month

- 0.8%

450BUTTER €/100 kg + 3.8%

180S.M.P. €/100 kg + 2.0%

285W.M.P. €/100 kg + 2.9%

332CHEDDAR €/100 kg + 0.6%

Compared to the

previous 4 weeks

EU Prices

(week 19)

(week 19)

Mar-2017

Average price (USD/MT, FAS)

Anhydrous Milk Fat

+8.2$ 6 631

Butter

+11.2%$ 5 479

Butter MilkPowder

+7.0%$ 1 980

Cheddar

+0.6%$ 3 726

Lactose

+2.0%$ 967

Rennet Casein

-3.7%$ 6 259

Skim MilkPowder

+1.0%$ 1 998

Whole MilkPowder

+1.3%$ 3 312

Event 18816 May 2017

+3.2%

$ 3 313

back to DashboardNext

Wo

rld

Qu

ota

tio

ns

EU P

rice

s

Jan

01

33.1Raw Milk €/100 kg

EU Price Evolution since

last month

- 0.8%

450BUTTER €/100 kg + 3.8%

180S.M.P. €/100 kg + 2.0%

285W.M.P. €/100 kg + 2.9%

332CHEDDAR €/100 kg + 0.6%

Compared to the

previous 4 weeks

EU Prices (week 19)

Mar-2017

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


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

33.0 32.3

EU Raw Milk Prices Evolution (up to April 2017*)

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 : 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

DE

C

EU

R/1

00

kg

2-WEEKLY Milk Spot Prices

- IT, Lodi -

2014

2015

2016

2017

34.3 € (14 May)

10

20

30

40

50

JAN

FE

B

MA

R

AP

R

MA

Y

JUN

JUL

AU

G

SE

P

OC

T

NO

V

DE

C

EU

R/1

00

kg

WEEKLY Milk Spot Prices

- NL -

2014

2015

2016

2017

33.8 € (14 May)

PreviousPage

























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


PreviousPage



Source : DG AGRI, USDA

EU Oceania USA EU Oceania USA

Butter 4 815 5 025 4 791 + 4.4% - 2.0% + 3.1%

SMP 1 959 2 000 1 892 + 4.4% - 1.2% - 0.1%

WMP 3 070 3 200 3 009 + 4.6% + 4.1% - 6.8%

Cheddar 3 642 3 600 3 556 + 3.4% + 3.6% + 5.4%

Price in USD/Tonne

on 14.05.2017

% change

(15 days ago)

LATEST WORLD QUOTATIONS

PreviousPage


























Source : DG AGRI, LTO Nederland

0

25

50

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017 EU

R/1

00

kgUS Milk (class III adj 4.2% fat)

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

EU Raw Milk price

Source :

32.4 33.0

37.2

U.S. and New Zealand Milk Prices Evolution

PreviousPage


























Source : European Central Bank

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

Source : Nasdaq

Feed / Energy quotations(evolution compared to the

Feed costs

Energy costs

+ 0.8 %

- 5.3 %

(week 19)

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

1.1059

Last Update : 17.05.17

20

40

60

80

100

120

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

Ap

r

Jul

Oct

Jan

Last update : 14.05.17

OIL : Europe Brent Spot Price(USD/Barrel)

46.61

PreviousPage


























-2.3%-4.0%

-9.0%

+0.4%+1.0%

-0.5%-2.8%

+0.6% +1.7%

- 15%

- 10%

- 5%

+ 0%

+ 5%

EU Productions (Jan-Mar 2017 compared to Jan-Mar 2016)

Source : EUROSTAT

PreviousPage

























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

PreviousPage


10 000

11 000

12 000

13 000

14 000Ja

n

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

De

c

1000

To

nn

es

EU - Cows' milk collected2014201520162017

Jan-Mar 2017/16 : - 2.3%


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

2013/14

2014/15

2015/16

2016/17

Jul-Mar 2016/17 compared to 2015/16 : - 8.1%

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

2013/14

2014/15

2015/16

2016/17

Jun-Mar 2016/17 compared to 2015/16 : - 1.6%

7000

7250

7500

7750

8000

8250

8500

8750

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

2014201520162017

Jan-Mar 2017 compared to 2016 : + 1.0%

Source : Dairyaustralia, Dcanz, USDA

PreviousPage



























Extra-EU 33 160 41 455 35 385 - 15% Extra-EU 161 759 184 949 201 956 + 9%

USA 2 905 4 095 6 136 + 50% USA 30 743 31 961 32 322 + 1%

Saudi Arabia 4 053 4 980 2 417 - 51% Japan 14 453 16 115 23 076 + 43%

China 1 113 1 821 2 078 + 14% South Korea 9 103 11 084 14 309 + 29%


Extra-EU 186 307 178 540 190 512 + 7% Extra-EU 102 582 94 030 105 701 + 12%

Algeria 27 238 21 740 26 466 + 22% Algeria 9 818 5 859 19 223 +++

China 10 503 17 118 21 059 + 23% Oman 15 276 14 231 11 978 - 16%

Indonesia 13 682 16 350 17 213 + 5% China 4 058 4 596 5 775 + 26%

W.M.P.

EU Exports - Top 3 destinations in 2017Period : January - March

BUTTER CHEESE

S.M.P.

Source : EUROSTAT

PreviousPage


























- 15%

+ 17%

+ 3%

- 4%

+ 11%

- 36%

+ 31%

+ 17%

28

24

72

204

110

6

4

20

24

28

74

196

122

4

5

24

0 100 200

BUTTER + OIL

CHEESE

S.M.P.

W.M.P.

WHEYPOWDER

CASEIN(ATE)S

CONDENSED

LACTOSE

Qty in '000 tonnes

2016

2017

7

14

17

1

36

31

64

23

9

12

21

3

32

25

80

24

0 100

% of EU

CHINA IMPORTS (Jan-Mar 2017 compared to 2016)

Source : GTA

PreviousPage


























Qty in

ktons

% 2017

/15

Qty in

ktons

% 2017

/15

Qty in

ktons

% 2017

/15

Qty in

ktons

% 2017

/15

New Zealand 117 - 12% 89 - 13% 104 - 19% 345 - 2%

EU-28 46 - 27% 202 + 9% 191 + 7% 106 + 12%

United States 6 - 46% 81 + 12% 149 + 19% 7 - 3%

Australia 3 - 56% 43 + 9% 39 - 22% 15 - 2%

Belarus up to Feb 10 - 10% 30 - 4% 15 + 1% 4 - 22%

Uruguay

Jan-Mar 2017

compared to 2016

MAIN EXPORTING THIRD COUNTRIES


BUTTER +

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

Qty in

ktons

% 2017

/15

Qty in

ktons

% 2017

/15

Qty in

ktons

% 2017

/15

Qty in

ktons

% 2017

/15

China 24 - 15% 28 + 17% 74 + 3% 196 - 4%

Algeria up to Feb 2 - 26% 3 - 49% 25 + 39% 60 + 72%

Japan 0 + 30% 65 - 3% 10 + 0% 0 + 88%

Mexico up to Feb 12 + 0% 18 - 14% 47 + 16% 0 - 95%

Russia up to Feb 17 + 18% 31 - 8% 20 + 21% 10 + 41%

United States

Jan-Mar 2017

compared to 2016

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

MAIN IMPORTING THIRD COUNTRIES

BUTTER +

BUTTEROILCHEESE


Source : GTA

PreviousPage

























GD

T

Au

cti

on

Au

ctio

n

Average price (USD/MT, FAS)

Anhydrous Milk Fat

+8.2$ 6 631

Butter

+11.2%$ 5 479

Butter MilkPowder

+7.0%$ 1 980

Cheddar

+0.6%$ 3 726

Lactose

+2.0%$ 967

Rennet Casein

-3.7%$ 6 259

Skim MilkPowder

+1.0%$ 1 998

Whole MilkPowder

+1.3%$ 3 312

Event 18816 May 2017

+3.2%

$ 3 313

Source : Globaldairytrade

Previousback to Dashboard

china imports (jan -mar 2017 compared to 2016)...russia up to feb 17 + 18% 31 - 8% 20 + 21% 10 + 41%...

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