milk market situation - mgn.at market situation_29-8-2013.pdf · eu milk equivalent price (based on...

Milk Market Situation

Brussels, 29 August 2013

29 August 2013 2

!!! Data from some Member States are confidential and are NOT included in this table !!!

June 2013 Data missing for EL and CY !

EU Productions

Total Butter+ 1.7%

Skimmed-milk powder- 10.0%

Milk powder cream, Whole milk powder and partly skimmed

milk powder+ 8.2%

Cheese- 3.4%

Fermented milk- 0.3%

Cows' Milk Collected- 1.26%

-12% -7% -2% 3% 8%

Evo

luti

on

en

%

EU-28 Deliveries/Production developments(Apr-Jun 13 compared to Apr-Jun 12)

Source : MS' Communications to Eurostat

Total Butter- 0.4%

Skimmed-milk powder- 9.7%

Milk powder cream, Whole milk powder and partly skimmed

milk powder- 0.9%

Cheese- 2.8%

Fermented milk- 0.8%

Cows' Milk Collected- 1.9%

-20% -15% -10% -5% 0% 5% 10%

Evo

luti

on

en

% .

EU-28 Deliveries/Productions development(Jan-Jun 2013 compared to Jan-Jun 2012)


29 August 2013 3

-20.0% to -15.0%

-15.0% to -10.0%

-10.0% to -5.0%

-5.0% to +0.0%

+0.0% to +5.0%

+5.0% to +10.0%

+10.0% to +15.0%

+15.0% to +20.0%

-2.4

-1.1

-3.5

+0.5

+0.4

+5.7

-2.6

+2.3-1.4

-3.3

-5.0

-0.7

+0.7

-3.1

-0.1

-4.3

+1.7

-2.6

-1.4

-6.1

-5.6

-3.2

-3.1

-0.3

-0.9

-4.9


-19.4

29 August 2013 4

-24.0% to -18.0%

-18.0% to -12.0%

-12.0% to -6.0%

-6.0% to +0.0%

+0.0% to +6.0%

+6.0% to +12.0%

+12.0% to +18.0%

+18.0% to +24.0%

-2.2

-3.4

-4.5

+1.2

+0.8

+6.6

-2.4

+1.4+0.3

-3.0

-1.9

-2.5

-0.6

-4.5

+0.9

-7.5

0

+3.5

-2.9

-1.7

-6.0

-4.8

-4.4

-4.0

+0.9

-0.3

-3.3


-20.9

29 August 2013 5 Source: MS’ communications to Eurostat

8,500

9,000

9,500

10,000

10,500

11,000

11,500

12,000

12,500

13,000

DecNovOctSepAugJulJunMayAprMarFebJan

100

0 t

onne

s

Monthly Deliveries EU 28

2010 2011 2012 2013 average 2005-2009


29 August 2013 6

1 4

92

1 3

80

1 5

41

1 5

43

1 7

13

1 6

85

1 6

79

1 6

56

1 5

36

1 4

64

1 3

43

1 4

02

1 4

04

1 2

92

1 4

77

1 5

10

1 6

51

1 6

34

1 6

32

1 6

20

1 5

34

1 4

77

1 3

55

1 4

05

1 4

38

1 3

15

1 4

92

1 4

89

1 6

44

1 6

26

1 6

74

1 6

64

1 5

81

1 5

56

1 4

52

1 5

23

1 5

58

1 4

50

1 6

14

1 6

10

1 7

79

1 7

45

1 7

42

1 7

14

1 6

05

1 5

72

1 4

53

1 5

15

1 5

42

1 4

31

1 5

92

1 5

86

1 7

13

1 6

70

9 6

62

9 0

35 10 2

10

10 3

55

10 6

96

10 0

57

9 8

42

9 4

66

8 8

69

9 1

25

8 8

16

9 3

14

9 5

28

8 9

43 10 2

07

10 3

19

10 9

20

10 2

88

10 0

49

9 7

86

9 3

63

9 5

59

9 1

46

9 4

58

9 8

41

9 2

01 10 5

29

10 6

72

11 0

23

10 3

37

10 3

44

9 9

55

9 4

60

9 5

45

9 1

99

9 7

10

10 0

50

9 5

46

10 6

92

10 7

03

11 1

38

10 4

78

10 2

06

9 7

95

9 2

32

9 3

70

9 0

45

9 4

93

9 8

51

9 1

94 10 3

95

10 4

11

11 1

31

10 4

22

23.3

6

21.5

5

21.0

6

21.1

2

20.9

3

20.5

2

20.9

9

21.6

7

22.1

0

22.8

9 24.8

4

25.5

6

26.0

5

26.3

9

26.6

8

26.6

0

26.0

0

25.8

7

25.9

9

26.8

4

28.2

5

28.8

2

30.1

2

30.0

9

30.4

4

30.7

7

30.9

6

31.1

1

30.9

3

30.4

5

30.4

8

30.0

4

29.6

0

30.1

4

30.4

4

30.3

7

30.3

3

31.1

6

30.8

5

29.3

6

27.8

2

26.9

9

27.0

3

27.6

5

28.1

1

29.1

7

29.9

8

30.6

0

30.8

8

30.6

9

31.0

3

30.9

6

30.8

2

30.3

0

30.3

3

29.5

2

27.3

3

25.0

6

24.9

5

25.1

8

25.5

1

26.3

2

26.9

8

27.5

7

29.0

3

28.8

1

29.4

0

28.9

8

28.3

2

28.4

1

29.1

5

30.2

5

31.3

3

32.5

3

33.3

8

33.5

0

33.8

1

33.7

4

33.6

3

33.7

2

33.6

7

33.3

2

33.6

6

34.3

5

34.8

4

35.0

9

35.6

3

35.7

1

35.9

0

35.4

2

35.0

3

34.8

2

33.8

7

32.4

9

31.7

5

31.5

2

31.6

5

31.8

0

32.7

1

33.8

0

34.7

3

34.7

9

34.9

0

34.6

7

34.5

8

34.8

0

34.7

5 36.2

6

-

2 000

4 000

6 000

8 000

10 000

12 000

14 000

16 000

18 000

20 000

22 000

24 000

26 000

28 000

0

5

10

15

20

25

30

35

Ja

n 0

9

Ma

r 09

Ma

y 0

9

Ju

l 09

Sep

09

No

v 0

9

Ja

n 1

0

Ma

r 10

Ma

y 1

0

Ju

l 10

Sep

10

No

v 1

0

Ja

n 1

1

Ma

r 11

Ma

y 1

1

Ju

l 11

Sep

11

No

v 1

1

Ja

n 1

2

Ma

r 12

Ma

y 1

2

Ju

l 12

Sep

12

No

v 1

2

Ja

n 1

3

Ma

r 13

Ma

y 1

3

Ju

l 13

Pri

ces i

n E

UR

/100 k

g

Pro

du

cti

on

s i

n 1

000 T

on

s

EU 15/12 Milk Deliveries and Prices

Raw Milk Deliveries (EU-12)

Raw Milk Deliveries (EU-15)

Weighted average Milk price (EU-12)

Weighted average Milk price (EU-15)

Source : Eurostat, Reg. (EC) No 429/2010 Art. 3

29 August 2013 7

20

22

24

26

28

30

32

34

36

38

40

42

44

46

48

50

Jan 0

0

Ma

y 0

0

Sep 0

0

Jan 0

1

Ma

y 0

1

Sep 0

1

Jan 0

2

Ma

y 0

2

Sep 0

2

Jan 0

3

May 0

3

Sep 0

3

Jan 0

4

May 0

4

Sep 0

4

Jan 0

5

May 0

5

Sep 0

5

Jan 0

6

Ma

y 0

6

Sep

06

Jan 0

7

Ma

y 0

7

Sep

07

Jan 0

8

Ma

y 0

8

Sep 0

8

Jan 0

9

Ma

y 0

9

Sep 0

9

Jan 1

0

Ma

y 1

0

Sep 1

0

Jan 1

1

Ma

y 1

1

Sep 1

1

Jan 1

2

May 1

2

Sep 1

2

Jan 1

3

May 1

3

Sep 1

3

EUR/100 kgMilk Prices Evolution (up to June 2013)

LTO Weighted Average Milk Price * (standardized 4.2% fat)

Weighted EU Average (real fat content)

EU Milk Equivalent Price (based on EU SMP and Butter prices)

Source :MS’ communications under reg. 562/2005 & 479/2010 + LTO : Land- en Tuinbouworganisatie Nederland

29 August 2013 8

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

Estimates for IT and CY

56.854.9

44.2 43.5

40.0 39.338.0

37.136.2 36.1 36.1 35.4 35.4 35.1 34.7

33.632.8 32.6 32.5 32.0 31.7 31.3 31.1

29.8 29.5 29.428.6

27.1

14

18

22

26

30

34

38

42

46

50

54

58

62

CY MT FI EL NL SE IT IE AT BE DE EU27

LU UK FR DK EE ES PT CZ SK HU SI BG PL LV LT RO

in E

UR

/100 k

g

EU Milk Prices(June 2013 compared to June 2012)

Milk Price 2012 Milk Price 2013

29 August 2013 9

Source: MS’ communications under Regs. 562/2005 and 479/2010

,150

,175

,200

,225

,250

,275

,300

,325

,350

,375

,400

,425

Jan

Feb

Mar

Apr

May

Jun Jul

Aug

Sep

Oct

Nov

Dec

EU

R/10

0 k

g

Monthly EU SMP Prices

2010 2011 2012

2013 IP 2009 Avg 2007-2009

29 August 2013 10

Source: MS’ communications under reg. 479/2010

330 329320 320 318

310 308 305295

0

50

100

150

200

250

300

350

DE BE SK EU 27 UK LV IE PL CZ

in E

UR

/100 k

g

EU SMP Prices(up to 18/08/2013)

29 August 2013 11


,150

,175

,200

,225

,250

,275

,300

,325

,350

,375

,400

,425

Jan

Feb

Mar

Apr

May

Jun Jul

Aug

Sep

Oct

Nov

Dec

EU

R/1

00

kg

Monthly EU BUTTER Prices

2010 2011 20122013 IP 2009 Avg 2007-2009

426 424418

410405 400

395389

381

364

150

175

200

225

250

275

300

325

350

375

400

425

SK CZ BE DE NL EU 27 PT GB PL IE LV ES

EU

R/1

00

kg

EU Butter Prices (up to 18.08.2013)

29 August 2013 12

I.P. = 221.75

Source: MS’ communications under reg. 479/2010

29 August 2013 13

410.3

319.8

140

160

180

200

220

240

260

280

300

320

340

360

380

400

420

440

in E

UR

/10

0 k

g

.

EU Quotations of Butter and SMP(EU average based on MS communication and weighted by production)

BUTTER SMP

Source: MS’ communications under reg. 562/2005 and 479/2010

29 August 2013 14

319.8

410.3

370.7373.0

,140

,160

,180

,200

,220

,240

,260

,280

,300

,320

,340

,360

,380

,400

,420

,440

Mar

03

Jun

03

Sep

03

De

c 0

3

Mar

04

Jun

04

Sep

04

De

c 0

4

Mar

05

Jun

05

Sep

05

De

c 0

5

Mar

06

Jun

06

Sep

06

Dec

06

Mar

07

Jun

07

Sep

07

De

c 0

7

Mar

08

Jun

08

Sep

08

De

c 0

8

Mar

09

Jun

09

Sep

09

De

c 0

9

Mar

10

Jun

10

Sep

10

Dec

10

Mar

11

Jun

11

Sep

11

De

c 1

1

Mar

12

Jun

12

Sep

12

De

c 1

2

Mar

13

Jun

13

in E

UR

/10

0 k

g

EU Dairy Quotations(EU average based on MS communication and weighted by production)

BUTTER

SMP

WMP

CHEDDAR

Source: MS’ communications under reg. 562/2005 and 479/2010

29 August 2013 15 Source: MS’ communications under Regs. 562/2005 and 479/2010

,150

,170

,190

,210

,230

,250

,270

,290

,310

,330

,350

,370

,390

,410

Jan

Feb

Mar

Apr

May

Jun Jul

Aug

Se

p

Oct

Nov

Dec

Monthly EU WMP Prices

2010 2011 2012

2013 Avg 2007-2009 2010

2011 2012 2013

29 August 2013 16


,180

,200

,220

,240

,260

,280

,300

,320

,340

,360

,380

,400

,420

Jan

Feb

Mar

Apr

May

Jun Jul

Aug

Se

p

Oct

Nov

Dec

Monthly EU CHEDDAR Prices

2010 2011 2010 2013 Avg 2007-2009

,200

,220

,240

,260

,280

,300

,320

,340

,360

,380

,400

,420

Jan

Feb

Mar

Apr

May

Jun Jul

Aug

Se

p

Oct

Nov

Dec

Monthly EU EDAM Prices

2010 2011 2012 2 013

29 August 2013 17


,20

,40

,60

,80

,100

,120

Jan

Feb

Mar

Apr

May

Jun Jul

Aug

Se

p

Oct

Nov

Dec

Monthly EU WheyPowder Prices

2010 2011 2012 2013

29 August 2013 18

USD/EUR

Source: European Central Bank

1.3361

US Dollar

29 August 2013 19

4 650

4 270

3 880

1 000

1 500

2 000

2 500

3 000

3 500

4 000

4 500

5 000

5 500

6 000M

ay 0

6

Aug

06

Nov 0

6

Feb 0

7

Ma

y 0

7

Aug

07

Nov 0

7

Feb 0

8

Ma

y 0

8

Aug

08

Nov 0

8

Feb 0

9

Ma

y 0

9

Aug

09

Nov 0

9

Feb 1

0

Ma

y 1

0

Aug

10

Nov 1

0

Feb 1

1

May 1

1

Aug

11

Nov 1

1

Feb 1

2

Ma

y 1

2

Aug

12

Nov 1

2

Feb 1

3

May 1

3

Pri

ces in

US

D/t

on

ne

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

29 August 2013 20

4 025

5 470

3 020

1 000

1 500

2 000

2 500

3 000

3 500

4 000

4 500

5 000

5 500

6 000M

ay 0

6

Au

g 0

6

No

v 0

6

Feb

07

Ma

y 0

7

Au

g 0

7

No

v 0

7

Feb

08

Ma

y 0

8

Au

g 0

8

No

v 0

8

Feb

09

Ma

y 0

9

Au

g 0

9

Nov 0

9

Feb

10

Ma

y 1

0

Au

g 1

0

No

v 1

0

Feb

11

Ma

y 1

1

Au

g 1

1

No

v 1

1

Feb

12

Ma

y 1

2

Au

g 1

2

No

v 1

2

Feb

13

Ma

y 1

3

Pri

ce

s in

US

D/t

on

ne

EU/US/Oceania Quotations of Butter

Avg Oceania Butter quotation

Avg EU Butter internal Price

Avg US Butter quotation


29 August 2013 21

4 950

4 940

4 410

1 000

1 500

2 000

2 500

3 000

3 500

4 000

4 500

5 000

5 500

6 000

May 0

6

Au

g 0

6

Nov

06

Feb

07

Ma

y 0

7

Au

g 0

7

Nov

07

Feb

08

May 0

8

Au

g 0

8

No

v 0

8

Feb

09

May 0

9

Au

g 0

9

Nov

09

Feb

10

May 1

0

Au

g 1

0

Nov

10

Feb

11

Ma

y 1

1

Aug

11

Nov

11

Feb

12

May 1

2

Au

g 1

2

No

v 1

2

Feb

13

May 1

3

Pri

ce

s in

US

D/t

on

ne

EU/US/Oceania Quotations of WMP

Avg Oceania WMP quotation

Avg EU WMP internal Price

Avg US WMP quotation


29 August 2013 22

4 400

4 980

3 730

1 000

1 500

2 000

2 500

3 000

3 500

4 000

4 500

5 000

5 500

6 000M

ay 0

6

Au

g 0

6

No

v 0

6

Feb

07

Ma

y 0

7

Au

g 0

7

No

v 0

7

Feb

08

Ma

y 0

8

Au

g 0

8

No

v 0

8

Feb

09

Ma

y 0

9

Au

g 0

9

No

v 0

9

Feb

10

Ma

y 1

0

Au

g 1

0

No

v 1

0

Fe

b 1

1

Ma

y 1

1

Au

g 1

1

No

v 1

1

Feb

12

Ma

y 1

2

Au

g 1

2

No

v 1

2

Feb

13

Ma

y 1

3

Pri

ces in

US

D/t

on

ne

EU/US/Oceania Quotations of Cheddar

Avg OceaniaCheddar quotation

Avg EU Cheddar internal Price

Avg US Cheddar quotation


29 August 2013 23

59 935 61 245

138 108

118 991

19 158 16 837

27 66231 783

0

20 000

40 000

60 000

80 000

100 000

120 000

140 000

160 000

2012 2013

BUTTER Exports

EU-28 (Jan - Jun)

New Zealand (Jan-Jun )

Australia (Jan-Jun )

United States (Jan-Jun )

Source: Eurostat Comext, Global Trade Information Service

29 August 2013 24

14 75913 832

93 218

114 565

5 3976 295

1 4611 407

0

20 000

40 000

60 000

80 000

100 000

120 000

140 000

2012 2013

BUTTEROIL Exports

EU-28 (Jan - Jun)





29 August 2013 25

350 422

258 147

178 024201 302

79 50059 102

242 072265 494

0

50 000

100 000

150 000

200 000

250 000

300 000

350 000

400 000

2012 2013

SMP ExportsEU-28 (Jan - Jun)





29 August 2013 26

230 771

201 625

624 130644 105

54 545 43 903

11 647 13 299

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

2012 2013

WMP ExportsEU-28 (Jan - Jun)





29 August 2013 27

431 965465 970

146 479 151 242

78 845 90 479

141 357 149 498

0

100 000

200 000

300 000

400 000

500 000

600 000

2012 2013

CHEESESExports

EU-28 (Jan - Jun)





29 August 2013 28

EU Exports (1/2)

0

20

40

60

80

100

120

140

160

180

200

2006 2007 2008 2009 2010 2011 2012

19

4

16

4

11

8

11

9

12

6

95 1

03

1000 Tonnes

BUTTER exports

Total Exports

0

2

4

6

8

10

12

jan feb mar apr may jun jul aug sep oct nov dec

1000 tonnes

BUTTER exports

2012

2013

0

100

200

300

400

500

600

2006 2007 2008 2009 2010 2011 2012

89

20

3

17

9 23

1

37

9

51

8

52

3

1000 TonnesSMP exports

Total Exports

0

10

20

30

40

50

60


1000 tonnesSMP exports

20122013

29 August 2013 29

EU Exports (2/2)

0

100

200

300

400

500

600

700

800

2006 2007 2008 2009 2010 2011 2012

584 596555

578

676 682

776

1000 Tonnes

CHEESE exports

0

100

200

300

400

500

600

2006 2007 2008 2009 2010 2011 2012

43

8

36

7

48

5

46

0

44

7

39

0

38

8

1000 TonnesWMP exports

Total Exports

0

10

20

30

40

50

60

70

80

90


1000 tonnesCHEESE exports

2012

2013

0

5

10

15

20

25

30

35

40

45

50


1000 tonnesWMP exports

2012

2013

29 August 2013 30

15 791

10 077

2 0283 676

20 917

35 662

13 78915 515

672 868

0

5 000

10 000

15 000

20 000

25 000

30 000

35 000

40 000

2012 2013

BUTTER Imports

EU-28 (Jan - Jun)


Russia (Jan-Jun )

China (Jan-Jun )

Mexico (Jan-May )

29 August 2013 31

2 613

9 561

4 4245 084

12 636

25 013

14 703

8 714

2 865

8 178

0

5 000

10 000

15 000

20 000

25 000

30 000

2012 2013

BUTTEROIL Imports

EU-28 (Jan - Jun)


Mexico (Jan-May )

China (Jan-Jun )

Russia (Jan-Jun )

29 August 2013 32

6363 384

11 481 11 756

103 801

82 570

104 967

83 591

17 343 17 902

0

20 000

40 000

60 000

80 000

100 000

120 000

2012 2013

SMP ImportsEU-28 (Jan - Jun)

Russia (Jan-Jun )

China (Jan-Jun )

Mexico (Jan-May )

Japan (Jan-Jun )

29 August 2013 33

1 0871 7176 539 6 927

3 855 4 785

209 458

306 481

1 007 7890

50 000

100 000

150 000

200 000

250 000

300 000

350 000

2012 2013

WMP ImportsEU-28 (Jan - Jun)

Mexico (Jan-May )


China (Jan-Jun )

Russia (Jan-Jun )

29 August 2013 34

43 555 39 827

140 863

153 641

112 805 115 594

63 763 67 089

18 648 22 803

0

20 000

40 000

60 000

80 000

100 000

120 000

140 000

160 000

180 000

2012 2013

CHEESESImports

EU-28 (Jan - Jun)

Russia (Jan-Jun )

Japan (Jan-Jun )


China (Jan-Jun )

29 August 2013 35

Main Dairy Importers (Butter)

Up to Nov 2010 0

25

50

75

100

125

2006 2007 2008 2009 2010 2011 2012

101

67 75

5067 66 60

1000 Tonnes

Russia

0

1

2

3

4

5

6

7

8

9

10

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

1000 tonnes

Jan-Jun 2013 compared to 2012 : + 70.5%

2012

2013

0

25

50

75

100

125

2006 2007 2008 2009 2010 2011 2012

3355 56 52 45

1000 Tonnes

Iran

0

1

2

3

4

5

6

7

8

9


1000 tonnes

Jan-May 2013 compared to 2012 : + 19.6%

2012

2011

2013

2012

2013

29 August 2013 36

Main Dairy Importers (S.M.P. - 1/2)

0

25

50

75

100

125

150

175

2006 2007 2008 2009 2010 2011 2012

111 121

152165 155

194 236

1000 Tonnes

Mexico

0

5

10

15

20

25


1000 tonnes

Jan-May 2013 compared to 2012 : - 20%

20122013

0

25

50

75

100

125

150

175

2006 2007 2008 2009 2010 2011 2012

6891

10593 98

129112

1000 Tonnes

Algeria

0

5

10

15

20

25


1000 tonnes

Jan-May 2013 compared to 2012 : + 28%

2012

2013

29 August 2013 37

Main Dairy Importers (S.M.P. – 2/2)

0

25

50

75

100

125

150

175

2006 2007 2008 2009 2010 2011 2012

5 10 12 8

63

27 27

1000 Tonnes

Russia

0

25

50

75

100

125

150

175

2006 2007 2008 2009 2010 2011 2012

6240

5570

89

130

168

1000 Tonnes

China

0

5

10

15

20

25


1000 tonnes

Jan-Jun 2013 compared to 2012 : + 2%

20122013

0

5

10

15

20

25


1000 tonnes

Jan-Jun 2013 compared to 2012 : - 20%

2009

2010

0

25

50

75

100

125

150

175

2006 2007 2008 2009 2010 2011 2012

6240

5570

89

130

168

1000 Tonnes

China

0

5

10

15

20

25


1000 tonnes

Jan-Jun 2013 compared to 2012 : - 20%

2012

2013

29 August 2013 38

Main Dairy Importers (W.M.P.)

0

50

100

150

200

250

300

350

2006 2007 2008 2009 2010 2011 2012

73 58 46

177

326 320406

1000 Tonnes

China

0

10

20

30

40

50

60

70

80


1000 tonnes


20122013

0

50

100

150

200

250

300

350

2006 2007 2008 2009 2010 2011 2012

182 160 153200

167204 188

1000 Tonnes

Algeria

0

10

20

30

40

50

60


1000 tonnes

Jan-May 2013 compared to 2012 : - 15%

2012

2013

29 August 2013 39

Main Dairy Importers (Cheese – 1/2)

0

50

100

150

200

250

2006 2007 2008 2009 2010 2011 2012

218 234 248229

294 296 316

1000 Tonnes

Russia

0

5

10

15

20

25

30

35


1000 tonnes


2012

2013

0

50

100

150

200

250

2006 2007 2008 2009 2010 2011 2012

207 225187 184 199 215

235

1000 Tonnes

Japan

0

5

10

15

20

25

30

35


1000 tonnes


20122013

29 August 2013 40

Main Dairy Importers (Cheese – 2/2)

0

50

100

150

200

250

2006 2007 2008 2009 2010 2011 2012

79 8668 73 80 78 89

1000 Tonnes

Mexico

0

50

100

150

200

250

2006 2007 2008 2009 2010 2011 2012

205 200171 162

138 143 154

1000 Tonnes

United States

0

5

10

15

20

25


1000 tonnes

Jan-May 2013 compared to 2012 : + 10%

2012

2013

0

5

10

15

20

25


1000 tonnes


2012

2013

29 August 2013 41

6 600

6 800

7 000

7 200

7 400

7 600

7 800

8 000

8 200

Jan

Feb

Mar

Apr

May

Ju

n

Jul

Aug

Sep

Oct

Nov

Dec

in t

on

nes

.

Adjusted U.S. milk production (months of constant length)

2009 2010 2011 2012 2013

Source:USDA

Jan-Jun 2013 compared to 2012 : - 0.0% (real monthly production)

29 August 2013 42 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 t

on

nes

.

Jul-Jun 2012/13 compared to 2011/12 : - 3.0%

Australian milk production

2009/10 2010/11 2011/12 2012/13

29 August 2013 43 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 t

on

nes

.

Jun-Jun 2013/2014 compared to 2012/2013 : - 6.9%

NZ milk production

2009/10 2010/11 2011/12 2012/2013 2013/2014

29 August 2013 44

300.0

350.0

400.0

450.0

500.0

550.0

600.0

650.0

700.0

750.0

800.0

Ja

n

Feb

Mar

Apr

May

Ju

n

Ju

l

Aug

Sep

Oct

Nov

Dec

in t

ho

usan

d t

on

nes

.

Monthly indicator of Argentina Milk Production

2009 2010 2011 2012 2013

Source:Alimentos argentinos

Based on an enquiry covering 65 % of total production

Jan-Mar 2013 compared to 2012 : - 10.6% (real monthly

29 August 2013 45

Prices

in US$/t Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14

Weighted

average

price % change Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14

AMF n.a. 5 011 4 990 4 923 4 771 4 820 n.a. n.a. 4 931 + 6.9% + 6.5% + 7.9% + 6.2% + 6.6% + 11.0%

Butter 3 515 3 675 3 552 3 590 n.a. n.a. n.a. n.a. 3 614 + 3.3% - 4.4% + 9.5% - 0.8% - 4.5%

BMP n.a. 4 660 4 680 4 755 n.a. n.a. n.a. n.a. 4 689 + 1.0% - 4.0% - 4.9% + 1.0%

Cheeses n.a. 4 535 4 380 4 306 n.a. n.a. n.a. n.a. 4 375 + 0.9% - 1.0% + 1.8% + 0.4%

MPC70 n.a. 8 170 7 730 7 735 n.a. n.a. n.a. n.a. 7 828 + 1.0% + 0.4% + 3.1% + 0.5%

Rennet Casein n.a. 10 126 10 122 9 977 n.a. n.a. n.a. n.a. 10 085 + 1.8% + 1.9% + 2.1% + 1.4%

Lactose n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.

SMP 4 408 4 349 4 440 4 556 4 601 n.a. n.a. n.a. 4 426 - 0.6% + 9.2% - 2.6% + 0.6% - 2.7% - 0.5%

WMP 4 005 5 188 5 084 5 110 5 086 5 073 n.a. n.a. 5 124 + 2.0% - 27.8% + 4.5% + 1.8% + 1.2% + 1.6% + 0.8%

20/08/2013 1 € = 1.3340 $ (ECB rate)

in €/t Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14

Weighted

average price

AMF 3 756 3 741 3 691 3 577 3 613 #VALUE! #VALUE! 3 697

Butter 2 635 2 755 2 663 2 691 2 709

BMP 3 493 3 508 3 564 3 515

Cheese 3 400 3 283 3 228 #VALUE! #VALUE! #VALUE! #VALUE! 3 280

MPC70 6 124 5 795 5 798 #VALUE! #VALUE! #VALUE! #VALUE! 5 868

Rennet Casein 7 591 7 587 7 479 #VALUE! #VALUE! #VALUE! #VALUE! 7 560

Lactose 7 424

SMP 3 304 3 260 3 328 3 416 3 449 #VALUE! #VALUE! #VALUE! 3 318

WMP 3 002 3 889 3 811 3 831 3 813 3 803 #VALUE! #VALUE! 3 841

Source : http://www.globaldairytrade.info/

% change by contract from previous auction

Results of the GDT Auction of 20.08.2013

milk market situation - mgn.at market situation_29-8-2013.pdf · eu milk equivalent price (based on...

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