(jan -dec 2017 compared to 2016) china imports · pdf fileus milk (class iii adj 4.2% fat)nz...

DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 14.05.2018

100

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18

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

+3.5%+1.7%

+9.4%

-1.7% -1.2%

-8.3%

-1.2%

+2.8%+2.6%

- 15%

- 10%

- 5%

+ 0%

+ 5%

+ 10%

+ 15%EU Productions (Jan-Feb 2018 compared to Jan-Feb 2017)

Wo

rld

Pro

du

ctio

ns

Wo

rld

Tra

de

USD

/Fee

d/E

ner

gy Feed / Energy quotations(evolution compared to the

previous 4 weeks )

Feed costs

Energy costs

+ 1.5%

+ 1.3 %

Qty in

ktons

% 2018

/17

Qty in

ktons

% 2018

/17

Qty in

ktons

% 2018

/17

Qty in

ktons

% 2018

/17

New Zealand 70 - 15% 53 - 10% 74 - 5% 270 + 14%

EU-28 34 + 34% 129 + 3% 132 + 12% 63 - 6%

United States 5 + 34% 55 + 12% 117 + 17% 4 - 1%

Australia 2 - 1% 26 - 7% 25 - 14% 12 + 14%

Belarus up to Jan 4 - 19% 15 - 1% 8 - 3% 2 - 15%

Argentina 1 + 187% 8 + 29% 1 - 72% 15 + 25%

Jan-Feb 2018

compared to 2017

MAIN EXPORTING THIRD COUNTRIES

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

Qty in

ktons

% 2018

/17

Qty in

ktons

% 2018

/17

Qty in

ktons

% 2018

/17

Qty in

ktons

% 2018

/17

China 22 + 23% 20 + 3% 65 + 22% 187 + 15%

Japan 1 +++ 42 + 2% 11 + 115% 0 - 56%

Algeria2018 not

avail.

Russia up to Jan 6 - 33% 17 + 2% 8 - 31% 1 - 77%

United States 7 - 3% 25 - 2% 0 +++ 1 - 76%

Mexico up to Jan 2 - 62% 11 + 28% 23 + 19% 0 +++

BUTTER(OIL) CHEESE S.M.P. W.M.P.Jan-Feb 2018

compared to 2017

MAIN IMPORTING THIRD COUNTRIES

11 000

12 000

13 000

14 000

15 000

Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

De

c

1000

To

nn

es

EU - Cows' milk collected2015201620172018

Jan-Feb 2018/17 : + 3.5%

Sources : EUROSTAT, Reg. (EU) 2017/1185, 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 Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May Jun

in 1000 tonnes

Australian milk production

2014/15

2015/16

2016/17

2017/18

Jul-Mar 2017/18 compared to 2016/17 : + 3.4%

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

2014/15

2015/16

2016/17

2017/18

Jun-Mar 2017/18 compared to 2016/17 : - 0.3%

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

2015201620172018

Jan-Mar 2018 compared to 2017 : + 1.5%

20

25

30

35

40

45

50

Jan

01

Jan

02

Jan

03

Jan

04

Jan

05

Jan

06

Jan

07

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08

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09

Jan

10

Jan

11

Jan

12

Jan

13

Jan

14

Jan

15

Jan

16

Jan

17

Jan

18

EUR/100 kg

Weighted EU Average (real fat content)

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

* : provisional figures

EU Raw Milk Prices Evolution (up to April 2018*)

33.4 32.8

20

25

30

35

40

45

50

55

JAN

FEB

MA

R

APR

MA

Y

JUN

JUL

AU

G

SEP

OCT

NO

V

DEC

EUR

/10

0 k

g

WEEKLY Milk Spot Prices

- IT, Lodi -

2015

2016

2017

2018

30.3 €(06 May)

10

20

30

40

50

JAN

FEB

MA

R

APR

MA

Y

JUN

JUL

AU

G

SEP

OCT

NO

V

DEC

EUR

/10

0 k

g


- NL -

2015

2016

2017

2018

30.3 €(06 May)

20

40

60

80

100

120

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

Ap

r

Last update : 13.05.18

OIL : Europe Brent Spot Price(USD/Barrel)

74.75

0

25

50

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018 EU

R/1

00 k

gUS Milk (class III adj 4.2% fat)

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

EU Raw Milk price

Source :

30.6 33.8

29.4

US, NZ and EU milk prices up to March 2018

1.00

1.10

1.20

1.30

1.40

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

EUR / USD Exchange Rate

1.1934

Last Update : 12.05.18

EU Oceania USA EU Oceania USA

Butter 6 524 5 700 5 195 + 2.4% + 0.7% + 2.4%

SMP 1 686 2 038 1 843 + 0.6% + 4.5% + 7.9%

WMP 3 251 3 263 3 362 - 0.6% - 1.9% + 2.0%

Cheddar 3 889 3 963 3 653 - 1.7% + 2.9% + 2.3%

Price in USD/Tonne

on 13.05.2018

% change

(15 days ago)

LATEST WORLD QUOTATIONS

in Tonnes 2016 2017 2018 in Tonnes 2016 2017 2018

Extra-EU 26 163 19 705 24 898 + 26% Extra-EU 116 004 125 017 128 661 + 3%

USA 2 798 3 694 4 231 + 15% USA 21 060 19 650 18 111 - 8%

Saudi Arabia 3 050 1 416 2 495 + 76% Japan 10 050 14 510 12 835 - 12%

Morocco 1 620 415 1 613 +++ Switzerland 8 232 8 615 9 416 + 9%


Extra-EU 123 920 117 759 131 548 + 12% Extra-EU 63 508 67 444 63 072 - 6%

Algeria 14 729 16 388 30 641 + 87% Oman 11 248 8 798 14 066 + 60%

Egypt 10 003 6 538 9 171 + 40% Algeria 4 261 12 327 4 658 - 62%

Indonesia 12 052 11 735 7 725 - 34% Kuwait 2 576 3 368 3 859 + 15%

W.M.P.

EU Exports - Top 3 destinations in 2018Period : January-February

BUTTER CHEESE

S.M.P.

33.8Raw Milk €/100 kg

EU Price Evolution since

last month

- 2.0%

545BUTTER €/100 kg + 6.4%

141S.M.P. €/100 kg + 4.4%

272W.M.P. €/100 kg + 2.5%

325CHEDDAR €/100 kg + 1.4%

Compared to the

previous 4 weeks

EU Prices

(week 19)

(week 19)

Mar-2018

Average price (USD/MT, FAS)

Anhydrous Milk Fat

-1.9%$ 6 032

Butter

+0.0%$ 5 647

Butter MilkPowder

+0.5%$ 1 990

Cheddar

+3.1%$ 4 024

Lactose

+0.6%$ 616

Rennet Casein

-10.5%$ 5 177

Skim MilkPowder

+3.6%$ 1 999

Event 2111 May 2018

-1.1%

$ 3 465

Anhydrous Milk Fat

-1.9%$ 6 032

Butter

+0.0%$ 5 647

Butter MilkPowder

+0.5%$ 1 990

Cheddar

+3.1%$ 4 024

Lactose

+0.6%$ 616

Rennet Casein

-10.5%$ 5 177

Skim MilkPowder

+3.6%$ 1 999

Whole MilkPowder

-1.5%$ 3 231

Event 2111 May 2018

-1.1%$ 3 465

+ 23%

+ 3%

+ 22%

+ 15%

+ 16%

-

-

+ 4%

18

19

53

163

75

2

3

15

22

20

65

187

87

4

3

16

0 50 100 150 200

BUTTER + OIL

CHEESE

S.M.P.

W.M.P.

WHEYPOWDER

CASEIN(ATE)S

CONDENSED

LACTOSE

Qty in '000 tonnes

2017

2018

7

11

18

2

36

24

85

19

5

13

6

1

35

31

60

17

0 100

% of EU

CHINA IMPORTS (Jan-Feb 2018 compared to 2017)

back to DashboardNext

Wo

rld

Qu

ota

tio

ns

EU P

rice

s

Jan

01

33.8Raw Milk €/100 kg

EU Price Evolution since

last month

- 2.0%

545BUTTER €/100 kg + 6.4%

141S.M.P. €/100 kg + 4.4%

272W.M.P. €/100 kg + 2.5%

325CHEDDAR €/100 kg + 1.4%

Compared to the

previous 4 weeks

EU Prices (week 19)

Mar-2018

Source : DG AGRI – Reg. 2017/1185 Art. 11 & 12

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

Source : DG AGRI – Reg. 2017/1185 Art. 12(a) - Annex II.4(a)

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

Jan

18

EUR/100 kg

Weighted EU Average (real fat content)

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

* : provisional figures

EU Raw Milk Prices Evolution (up to April 2018*)

33.4 32.8

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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

DE

C

EU

R/1

00

kg


- IT, Lodi -

2015

2016

2017

2018

30.3 €(06 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


- NL -

2015

2016

2017

2018

30.3 €(06 May)

PreviousPage

























100

150

200

250

300

350

400

450

500

550

600

650

700

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

Jan

18

in EUR/100 kg

EU average quotations of main commodities

Butter Intervention priceSMP Intervention priceBUTTERSMPWMPCHEDDAR

Source : DG AGRI – Reg. 2017/1185 Art. 11 – Annex I.7

PreviousPage



Source : DG AGRI, USDA

EU Oceania USA EU Oceania USA

Butter 6 524 5 700 5 195 + 2.4% + 0.7% + 2.4%

SMP 1 686 2 038 1 843 + 0.6% + 4.5% + 7.9%

WMP 3 251 3 263 3 362 - 0.6% - 1.9% + 2.0%

Cheddar 3 889 3 963 3 653 - 1.7% + 2.9% + 2.3%

Price in USD/Tonne

on 13.05.2018

% 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

2018 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 :

30.6 33.8

29.4

US, NZ and EU milk prices up to March 2018

PreviousPage


























Source : European Central Bank

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

Source : Nasdaq

Feed / Energy quotations(evolution compared to the

previous 4 weeks )

Feed costs

Energy costs

+ 1.5%

+ 1.3 %

(week 19)

1.00

1.10

1.20

1.30

1.40

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

EUR / USD Exchange Rate

1.1934

Last Update : 12.05.18

20

40

60

80

100

120

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

Ap

rJu

lO

ctJa

nA

pr

Jul

Oct

Jan

Ap

r

Last update : 13.05.18

OIL : Europe Brent Spot Price(USD/Barrel)

74.75

PreviousPage


























+3.5%+1.7%

+9.4%

-1.7% -1.2%

-8.3%

-1.2%

+2.8%+2.6%

- 15%

- 10%

- 5%

+ 0%

+ 5%

+ 10%

+ 15%EU Productions (Jan-Feb 2018 compared to Jan-Feb 2017)

Source : EUROSTAT

PreviousPage

























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

11 000

12 000

13 000

14 000

15 000Ja

n

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

De

c

1000

To

nn

es

EU - Cows' milk collected2015201620172018

Jan-Feb 2018/17 : + 3.5%

NextPage

Previousback to Dashboard


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

2014/15

2015/16

2016/17

2017/18

Jul-Mar 2017/18 compared to 2016/17 : + 3.4%

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

2014/15

2015/16

2016/17

2017/18

Jun-Mar 2017/18 compared to 2016/17 : - 0.3%

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

2015201620172018

Jan-Mar 2018 compared to 2017 : + 1.5%

Source : Dairyaustralia, Dcanz, USDA

PreviousPage



























Extra-EU 26 163 19 705 24 898 + 26% Extra-EU 116 004 125 017 128 661 + 3%

USA 2 798 3 694 4 231 + 15% USA 21 060 19 650 18 111 - 8%

Saudi Arabia 3 050 1 416 2 495 + 76% Japan 10 050 14 510 12 835 - 12%

Morocco 1 620 415 1 613 +++ Switzerland 8 232 8 615 9 416 + 9%


Extra-EU 123 920 117 759 131 548 + 12% Extra-EU 63 508 67 444 63 072 - 6%

Algeria 14 729 16 388 30 641 + 87% Oman 11 248 8 798 14 066 + 60%

Egypt 10 003 6 538 9 171 + 40% Algeria 4 261 12 327 4 658 - 62%

Indonesia 12 052 11 735 7 725 - 34% Kuwait 2 576 3 368 3 859 + 15%

W.M.P.

EU Exports - Top 3 destinations in 2018Period : January-February

BUTTER CHEESE

S.M.P.

Source : EUROSTAT

PreviousPage

























+ 23%

+ 3%

+ 22%

+ 15%

+ 16%

-

-

+ 4%

18

19

53

163

75

2

3

15

22

20

65

187

87

4

3

16

0 50 100 150 200

BUTTER + OIL

CHEESE

S.M.P.

W.M.P.

WHEYPOWDER

CASEIN(ATE)S

CONDENSED

LACTOSE

Qty in '000 tonnes

2017

2018

7

11

18

2

36

24

85

19

5

13

6

1

35

31

60

17

0 100

% of EU

CHINA IMPORTS (Jan-Feb 2018 compared to 2017)


Source : GTA

PreviousPage


























Qty in

ktons

% 2018

/17

Qty in

ktons

% 2018

/17

Qty in

ktons

% 2018

/17

Qty in

ktons

% 2018

/17

New Zealand 70 - 15% 53 - 10% 74 - 5% 270 + 14%

EU-28 34 + 34% 129 + 3% 132 + 12% 63 - 6%

United States 5 + 34% 55 + 12% 117 + 17% 4 - 1%

Australia 2 - 1% 26 - 7% 25 - 14% 12 + 14%

Belarus up to Jan 4 - 19% 15 - 1% 8 - 3% 2 - 15%

Argentina 1 + 187% 8 + 29% 1 - 72% 15 + 25%

Jan-Feb 2018

compared to 2017

MAIN EXPORTING THIRD COUNTRIES

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

BUTTER +

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

Qty in

ktons

% 2018

/17

Qty in

ktons

% 2018

/17

Qty in

ktons

% 2018

/17

Qty in

ktons

% 2018

/17

China 22 + 23% 20 + 3% 65 + 22% 187 + 15%

Japan 1 +++ 42 + 2% 11 + 115% 0 - 56%

Algeria2018 not

avail.

Russia up to Jan 6 - 33% 17 + 2% 8 - 31% 1 - 77%

United States 7 - 3% 25 - 2% 0 +++ 1 - 76%

Mexico up to Jan 2 - 62% 11 + 28% 23 + 19% 0 +++

BUTTER(OIL) CHEESE S.M.P. W.M.P.Jan-Feb 2018

compared to 2017

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

-1.9%$ 6 032

Butter

+0.0%$ 5 647

Butter MilkPowder

+0.5%$ 1 990

Cheddar

+3.1%$ 4 024

Lactose

+0.6%$ 616

Rennet Casein

-10.5%$ 5 177

Skim MilkPowder

+3.6%$ 1 999

Event 2111 May 2018

-1.1%

$ 3 465

Anhydrous Milk Fat

-1.9%$ 6 032

Butter

+0.0%$ 5 647

Butter MilkPowder

+0.5%$ 1 990

Cheddar

+3.1%$ 4 024

Lactose

+0.6%$ 616

Rennet Casein

-10.5%$ 5 177

Skim MilkPowder

+3.6%$ 1 999

Whole MilkPowder

-1.5%$ 3 231

Event 2111 May 2018

-1.1%$ 3 465

Source : Globaldairytrade

Previousback to Dashboard

(jan -dec 2017 compared to 2016) china imports · pdf fileus milk (class iii adj 4.2% fat)nz...

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