(week 12) nz milk production u.s. milk production€¦ · dg agri dashboard: dairy products last...

DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 28.03.2019

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

Jan

19

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

rodu

ctio

nsEU

Tra

de

-1.5% -1.9%

-8.5%

-6.4%

+1.3%

+7.8%

-1.0%

+2.3%

-1.0%

- 10%- 8%- 6%- 4%- 2%+ 0%+ 2%+ 4%+ 6%+ 8%

EU Productions (Jan 2019 compared to Jan 2018)

Wor

ld P

rodu

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

- 1.9%

+ 0.3 %

Qty in

ktons

%

2019

/18

Qty in

ktons

%

2019

/18

Qty in

ktons

%

2019

/18

Qty in

ktons

%

2019

/18

New Zealand 50 + 44% 28 - 2% 48 + 7% 177 + 18%

EU-28 13 - 22% 68 + 8% 87 + 53% 27 - 10%

United States2019 not

avail.

Belarus 6 + 41% 19 + 26% 11 + 36% 1 - 17%

Australia 2 + 81% 12 + 5% 19 + 86% 2 - 53%

Uruguay 1 +++ 2 - 30% 2 +++ 12 + 60%

Jan 2019 compared

to 2018

MAIN EXPORTING THIRD COUNTRIES

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

Qty in

ktons

%

2019

/18

Qty in

ktons

%

2019

/18

Qty in

ktons

%

2019

/18

Qty in

ktons

%

2019

/18

China 14 - 15% 14 - 1% 58 + 25% 183 + 31%

Japan 1 +++ 22 + 1% 3 - 44% 0 - 38%

Algeria2019 not

avail.

Mexico2019 not

avail.

Australia 3 - 9% 9 - 15% 1 + 62% 2 + 1%

Russia2019 not

avail.

W.M.P.Jan 2019 compared

to 2018

MAIN IMPORTING THIRD COUNTRIES

BUTTER(OIL) CHEESE S.M.P.

11 000

12 000

13 000

14 000

15 000

Jan

Feb

Mar

Apr

May Jun

Jul

Aug Sep

Oct

Nov

Dec

1000

Ton

nes

EU - Cows' milk collected

2016201720182019

Jan 2019/18 : - 1.5%

Sources : EUROSTAT, Reg. (EU) 2017/1185, Clal.it, USDA, Lto.nl, Nasdaq, European Central Bank, Dairyaustralia, Dcanz, Global Trade Atlas, Globald airytrade.

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

2015/16

2016/17

2017/18

2018/19

Jul-Jan 2018/19 compared to 2017/18 : - 6.0%

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

2015/16

2016/17

2017/18

2018/19

Jun-Jan 2018/19 compared to 2017/18 : + 4.9%

7000

7250

7500

7750

8000

8250

8500

8750

Jan

Feb

Mar

Apr

May Jun

Jul

Aug Se

p

Oct

Nov Dec

in 1000 tonnes

U.S. milk production

2016201720182019

Jan-Jan 2019 compared to 2018 : + 0.9%

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

Jan

18

Jan

19

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 February 2019*)

35.1 34.2

10

15

20

25

30

35

40

45

50

55

Jan

12

Jul 1

2

Jan

13

Jul 1

3

Jan

14

Jul 1

4

Jan

15

Jul 1

5

Jan

16

Jul 1

6

Jan

17

Jul 1

7

Jan

18

Jul 1

8

Jan

19

Jul 1

9

EUR

/10

0 k

g

MONTHLY Milk Spot Prices - IT -

IT milk spot prices Lodi

EU average milk price

20

40

60

80

100

120

Jan

17

Ap

r 17

Jul 1

7

Oct

17

Jan

18

Ap

r 18

Jul 1

8

Oct

18

Jan

19

Last update : 24.03.19

OIL : Europe Brent Spot Price(USD/Barrel)

66.65

0

25

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

201

8

201

9 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 :

30.0

35.0 31.0

US, NZ and EU milk prices up to January 2019

1.00

1.10

1.20

1.30

1.40

Jan

17

Ap

r 17

Jul 1

7

Oct

17

Jan

18

Ap

r 18

Jul 1

8

Oct

18

Jan

19

EUR / USD Exchange Rate

1.1291

Last Update : 27.03.19

EU Oceania USA EU Oceania USA

Butter 4 763 4 688 5 023 - 2.4% + 5.9% + 0.4%

SMP 2 149 2 675 2 131 - 0.1% + 1.4% - 2.1%

WMP 3 224 3 200 3 583 - 1.5% + 5.8% + 0.6%

Cheddar 3 694 3 950 3 391 + 1.7% + 6.8% - 4.3%

Price in USD/Tonne

on 17.03.2019

% change

(15 days ago)

LATEST WORLD QUOTATIONS

in Tonnes 2017 2018 2019 in Tonnes 2017 2018 2019

Extra-EU 9 251 12 602 10 731 - 15% Extra-EU 61 976 62 697 67 991 + 8%

USA 1 855 2 211 2 665 + 21% USA 9 782 8 722 9 746 + 12%

Japan 21 189 652 +++ Japan 7 695 6 367 8 948 + 41%

China 504 540 639 + 18% Switzerland 4 064 4 707 5 043 + 7%


Extra-EU 58 824 56 750 86 800 + 53% Extra-EU 36 178 30 587 27 425 - 10%

Algeria 8 247 14 203 11 911 - 16% Oman 5 973 6 226 5 691 - 9%

China 5 472 3 397 10 518 +++ Cuba 600 137 2 110 +++

Philippines 5 968 2 837 8 992 +++ Kuwait 1 166 1 861 1 673 - 10%

W.M.P.

EU Exports - Top 3 destinations in 2019Period : January

BUTTER CHEESE

S.M.P.

35.0Raw Milk €/100 kg

EU Price Evolution since

- 1.4%

423BUTTER €/100 kg - 1.1%

189S.M.P. €/100 kg - 0.9%

288W.M.P. €/100 kg + 0.7%

329CHEDDAR €/100 kg + 0.8%

Compared to the previous 4 weeks

EU Prices

(week 12)

(week 12)

Jan-2019

Average price (USD/MT, FAS)

Butter

+9.3%$ 5 089

Butter MilkPowder

n/rn/a

Cheddar

+3.9%$ 4 036

Lactose

-1.0%$ 1 000

Rennet Casein

+9.7%$ 6 190

Skim MilkPowder

-2.4%$ 2 405

Event 23219 March 2019

+1.9%

$3 324

Anhydrous Milk Fat

-3.1%$ 5 662

Butter

+9.3%$ 5 089

Butter MilkPowder

n/rn/a

Cheddar

+3.9%$ 4 036

Lactose

-1.0%$ 1 000

Rennet Casein

+9.7%$ 6 190

Skim MilkPowder

-2.4%$ 2 405

Whole MilkPowder

+4.0%$ 3 317


+1.9%

$3 324

- 15%

- 1%

+ 25%

+ 31%

- 2%

+ 16%

+ 30%

+ 5%

17

14

46

139

50

2

3

10

14

14

58

183

49

3

3

10

0 50 100 150 200

BUTTER + OIL

CHEESE

S.M.P.

W.M.P.

WHEYPOWDER

CASEIN(ATE)S

CONDENSED

LACTOSE

Qty in '000 tonnes

2018

2019

4

13

8

1

37

37

59

25

7

9

14

0

40

43

62

40

0 100

% of EU

CHINA IMPORTS (Jan 2019 compared to 2018)

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

g40.8 €

(24 Mar)

WEEKLY Milk Spot Prices- IT, Lodi -

2016

2017

2018

2019

back to DashboardNext

Wo

rld

Qu

ota

tio

ns

EU P

rice

s

Jan

01

35.0Raw Milk €/100 kg

EU Price Evolution

since

- 1.4%

423BUTTER €/100 kg - 1.1%

189S.M.P. €/100 kg - 0.9%

288W.M.P. €/100 kg + 0.7%

329CHEDDAR €/100 kg + 0.8%

Compared to the

previous 4 weeks

EU Prices (week 12)

Jan-2019

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

Jan

19

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 February 2019*)

35.1 34.2

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

DEC

EU

R/1

00

kg40.8 €

(24 Mar)

WEEKLY Milk Spot Prices- IT, Lodi -

2016

2017

2018

2019 10

15

20

25

30

35

40

45

50

55

Jan

12

Jul 1

2

Jan

13

Jul 1

3

Jan

14

Jul 1

4

Jan

15

Jul 1

5

Jan

16

Jul 1

6

Jan

17

Jul 1

7

Jan

18

Jul 1

8

Jan

19

Jul 1

9

EU

R/1

00

kg

MONTHLY Milk Spot Prices - IT -

IT milk spot prices Lodi

EU average milk price

PreviousPage

























100

150

200

250

300

350

400

450

500

550

600

650

700Ja

n 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

Jan

19

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 4 763 4 688 5 023 - 2.4% + 5.9% + 0.4%

SMP 2 149 2 675 2 131 - 0.1% + 1.4% - 2.1%

WMP 3 224 3 200 3 583 - 1.5% + 5.8% + 0.6%

Cheddar 3 694 3 950 3 391 + 1.7% + 6.8% - 4.3%

Price in USD/Tonne

on 17.03.2019

% change

(15 days ago)

LATEST WORLD QUOTATIONS

PreviousPage


























Source : DG AGRI, LTO Nederland

0

25

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

201

8

201

9 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 :

30.0

35.0 31.0

US, NZ and EU milk prices up to January 2019

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

- 1.9%

+ 0.3 %

(week 12)

1.00

1.10

1.20

1.30

1.40

Jan

17

Ap

r 17

Jul 1

7

Oct

17

Jan

18

Ap

r 18

Jul 1

8

Oct

18

Jan

19

EUR / USD Exchange Rate

1.1291

Last Update : 27.03.19

20

40

60

80

100

120

Jan

17

Ap

r 17

Jul 1

7

Oct

17

Jan

18

Ap

r 18

Jul 1

8

Oct

18

Jan

19

Last update : 24.03.19

OIL : Europe Brent Spot Price(USD/Barrel)

66.65

PreviousPage


























-1.5% -1.9%

-8.5%

-6.4%

+1.3%

+7.8%

-1.0%

+2.3%

-1.0%

- 10%- 8%- 6%- 4%- 2%+ 0%+ 2%+ 4%+ 6%+ 8%

EU Productions (Jan 2019 compared to Jan 2018)

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

Apr

May Jun

Jul

Aug Sep

Oct

Nov

Dec

1000

Ton

nes

EU - Cows' milk collected

2016201720182019

Jan 2019/18 : - 1.5%

NextPage

Previousback to Dashboard


500

600

700

800

900

1 000

1 100

1 200

Jul

Au

g

Sep

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

May Jun

in 1000 tonnes

Australian milk production

2015/16

2016/17

2017/18

2018/19

Jul-Jan 2018/19 compared to 2017/18 : - 6.0%

0

500

1000

1500

2000

2500

3000

3500

Jun

Jul

Au

g

Sep

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

May

in 1000

tonnes

NZ milk production

2015/16

2016/17

2017/18

2018/19

Jun-Jan 2018/19 compared to 2017/18 : + 4.9%

7000

7250

7500

7750

8000

8250

8500

8750

Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

De

c

in 1000 tonnes

U.S. milk production

2016201720182019

Jan-Jan 2019 compared to 2018 : + 0.9%

Source : Dairyaustralia, Dcanz, USDA

PreviousPage



























Extra-EU 9 251 12 602 10 731 - 15% Extra-EU 61 976 62 697 67 991 + 8%

USA 1 855 2 211 2 665 + 21% USA 9 782 8 722 9 746 + 12%

Japan 21 189 652 +++ Japan 7 695 6 367 8 948 + 41%

China 504 540 639 + 18% Switzerland 4 064 4 707 5 043 + 7%


Extra-EU 58 824 56 750 86 800 + 53% Extra-EU 36 178 30 587 27 425 - 10%

Algeria 8 247 14 203 11 911 - 16% Oman 5 973 6 226 5 691 - 9%

China 5 472 3 397 10 518 +++ Cuba 600 137 2 110 +++

Philippines 5 968 2 837 8 992 +++ Kuwait 1 166 1 861 1 673 - 10%

W.M.P.

EU Exports - Top 3 destinations in 2019Period : January

BUTTER CHEESE

S.M.P.

Source : EUROSTAT

PreviousPage

























- 15%

- 1%

+ 25%

+ 31%

- 2%

+ 16%

+ 30%

+ 5%

17

14

46

139

50

2

3

10

14

14

58

183

49

3

3

10

0 50 100 150 200

BUTTER + OIL

CHEESE

S.M.P.

W.M.P.

WHEYPOWDER

CASEIN(ATE)S

CONDENSED

LACTOSE

Qty in '000 tonnes

2018

2019

4

13

8

1

37

37

59

25

7

9

14

0

40

43

62

40

0 100

% of EU

CHINA IMPORTS (Jan 2019 compared to 2018)


Source : GTA

PreviousPage


























Source : GTA

PreviousPage


Qty in

ktons

%

2019

/18

Qty in

ktons

%

2019

/18

Qty in

ktons

%

2019

/18

Qty in

ktons

%

2019

/18

New Zealand 50 + 44% 28 - 2% 48 + 7% 177 + 18%

EU-28 13 - 22% 68 + 8% 87 + 53% 27 - 10%

United States2019 not

avail.

Belarus 6 + 41% 19 + 26% 11 + 36% 1 - 17%

Australia 2 + 81% 12 + 5% 19 + 86% 2 - 53%

Uruguay 1 +++ 2 - 30% 2 +++ 12 + 60%

Jan 2019 compared

to 2018

MAIN EXPORTING THIRD COUNTRIES

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

Qty in

ktons

%

2019

/18

Qty in

ktons

%

2019

/18

Qty in

ktons

%

2019

/18

Qty in

ktons

%

2019

/18

China 14 - 15% 14 - 1% 58 + 25% 183 + 31%

Japan 1 +++ 22 + 1% 3 - 44% 0 - 38%

Algeria2019 not

avail.

Mexico2019 not

avail.

Australia 3 - 9% 9 - 15% 1 + 62% 2 + 1%

Russia2019 not

avail.

W.M.P.Jan 2019 compared

to 2018

MAIN IMPORTING THIRD COUNTRIES

BUTTER(OIL) CHEESE S.M.P.
























GD

T

Au

cti

on

Au

cti

on

Average price (USD/MT, FAS)

Butter

+9.3%$ 5 089

Butter MilkPowder

n/rn/a

Cheddar

+3.9%$ 4 036

Lactose

-1.0%$ 1 000

Rennet Casein

+9.7%$ 6 190

Skim MilkPowder

-2.4%$ 2 405


+1.9%

$3 324

Anhydrous Milk Fat

-3.1%$ 5 662

Butter

+9.3%$ 5 089

Butter MilkPowder

n/rn/a

Cheddar

+3.9%$ 4 036

Lactose

-1.0%$ 1 000

Rennet Casein

+9.7%$ 6 190

Skim MilkPowder

-2.4%$ 2 405

Whole MilkPowder

+4.0%$ 3 317


+1.9%

$3 324

Source : Globaldairytrade

Previousback to Dashboard

(week 12) nz milk production u.s. milk production€¦ · dg agri dashboard: dairy products last...

Documents