2018 2019 nz milk production u.s. milk production (jan
TRANSCRIPT
DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 27.10.2021
- 33% - 63%
- 20% - 46%
- 19% - 56%
- 9% - 57%
- 17% - 47%
- 28% + 110%
- 38% - 47%
41
279
10
13
28
3
31
8
27
222
8
12
23
2
22
5
0 150 300
BUTTER + OIL
CHEESE
S.M.P.
W.M.P.
WHEYPOWDER
CASEIN(ATE)S
CONDENSED
LACTOSE
2020
2021
UNITED KINGDOM HMRC TRADE (Jan-Jul 2021 compared to 2020)
39
106
49
39
46
0
12
12
15
57
22
17
24
0
24
6
0 40 80 120
2020
2021
Qty in '000 tonnes
IMPORTS EXPORTS
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
Jan
20
Jan
21
i n EUR/100 kg
EU average quotations of main commodities
Butter Intervention price
SMP Intervention price
BUTTER
SMP
WMP
CHEDDAR
Wo
rld
Qu
ota
tio
ns
EU P
rice
s
GD
T
Au
ctio
n
EU P
rod
uct
ion
sEU
Tra
de
+0.0%
-1.1%-3.4%
-10.9%
+2.2% +3.6%
-0.5% -1.9%
+2.2%
- 20%
- 15%
- 10%
- 5%
+ 0%
+ 5%
+ 10%
EU Productions Jan-Aug 2021 compared to Jan-Aug 2020)
Wor
ld P
rodu
ctio
ns
Wo
rld
Tra
de
USD
/Fee
d/E
ner
gy Feed / Energy quotations(evolution compared to the
average of the previous 4 weeks )
Feed costs
Energy costs
+ 4.0%
+ 15.9 %
10 000
11 000
12 000
13 000
14 000
Jan
Feb
Mar
Apr
May Jun
Jul
Aug Sep
Oct
Nov
Dec
1000
Ton
nes
EU - Cows' milk collected
2018201920202021
Jan-Aug 2021/20 : + 0.0%
Jan-Aug 2021/20 (leap year adjusted): + 0.4%
Sources : EUROSTAT, Reg. 2017/1185, Clal.it, USDA, Lto.nl, Nasdaq, ECB, Dairyaustralia, Dcanz, IHS Markit/GTA, Globaldairytrade.
500
600
700
800
900
1 000
1 100
Jul
Aug Se
p
Oct
Nov Dec Jan
Feb
Mar
Apr
May Jun
in 1000 tonnes
Australian milk production
2018/19
2019/20
2020/21
2021/22
Jul-Aug 2021/22 compared to 2020/21 : - 3.6%
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
2018/19
2019/20
2020/21
2021/22
Jun-Aug 2021/22 compared to 2020/21 : - 2.4%
7000
7250
7500
7750
8000
8250
8500
8750
9000
9250
Jan
Feb
Mar
Apr
May Jun Jul
Aug Se
p
Oct
Nov Dec
in 1000
tonnes
U.S. milk production
2018
2019
2020
2021
Jan-Aug 2021 compared to 2020 : + 2.2%
15
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
Jan
20
Jan
21
EUR/100 kg
EU evolutive² Raw Milk Prices Evolution (up to Sep 2021³)
Weighted EU Average (real fat content)
EU Milk Equiv. Price (based on SMP and Butter prices)
³ : provisional figures
36.8 38.6
² EU-27 without UK from 02/2020 onwards
10
15
20
25
30
35
40
45
50
55
Jan
12
Sep
12
May
13
Jan
14
Sep
14
May
15
Jan
16
Sep
16
May
17
Jan
18
Sep
18
May
19
Jan
20
Sep
20
May
21
EUR
/10
0 k
g
MONTHLY Milk Spot Prices - IT -
IT milk spot prices Lodi
EU evolutive average milk price
0
20
40
60
80
100
120
Jan
18A
pr
18Ju
l 18
Oct
18
Jan
19A
pr
19Ju
l 19
Oct
19
Jan
20A
pr
20Ju
l 20
Oct
20
Jan
21A
pr
21Ju
l 21
Oct
21
Last update : 24.10.21
OIL : Europe Brent Spot Price(USD/Barrel)
84.1
0
20
40
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
EUR
/10
0 k
gUS Milk (class III adj 4.2% fat)
NZ Milk - (Fonterra, adj 4.2% fat & 3.35% prot)
EU evolutive Raw Milk price
36.0 36.4
33.5
US, NZ and EU milk prices up to August 2021
1.05
1.10
1.15
1.20
1.25
1.30
Jan
18A
pr
18Ju
l 18
Oct
18
Jan
19A
pr
19Ju
l 19
Oct
19
Jan
20A
pr
20Ju
l 20
Oct
20
Jan
21A
pr
21Ju
l 21
Oct
21
EUR / USD Exchange Rate
1.1618
Last Update : 27.10.21
EU Oceania USA EU Oceania USA
Butter 5 002 4 913 3 922 + 3.9% + 0.8% + 1.5%
SMP 3 164 3 350 3 294 + 1.6% + 1.1% + 8.3%
WMP 3 902 3 788 4 222 + 1.2% + 0.3% + 1.3%
Cheddar 3 791 4 338 3 935 - 0.6% + 1.2% - 0.7%
Price in USD/Tonne
on 17.10.2021
% change
(15 days ago)
LATEST WORLD QUOTATIONS
in Tonnes 2019 2020 2021% 2020
/19in Tonnes 2019 2020 2021
% 2020
/19
Total to third
countries *105 050 149 544 124 558 - 17%
Total to third
countries *549 405 598 451 638 363 + 7%
USA 25 024 29 545 28 807 - 2% USA 87 706 73 825 86 264 + 17%
China 6 432 10 691 12 555 + 17% Japan 76 747 86 357 82 397 - 5%
South Korea 3 548 5 324 7 285 + 37% Switzerland 41 896 46 995 49 854 + 6%
in Tonnes 2019 2020 2021% 2020
/19in Tonnes 2019 2020 2021
% 2020
/19
Total to third
countries *659 051 567 217 550 266 - 3%
Total to third
countries *192 270 219 549 195 893 - 11%
China 88 319 80 778 100 107 + 24% Oman 32 990 33 744 32 632 - 3%
Algeria 69 496 95 882 69 722 - 27% Nigeria 10 082 15 464 16 911 + 9%
Indonesia 61 068 29 084 47 131 + 62% China 10 405 10 575 15 334 + 45%
*: UK not included as destination
W.M.P.
EU Exports - Top 3 destinations in 2021Period : January-August
BUTTER CHEESE
S.M.P.
36.4Raw Milk €/100 kg
EU Price Evolution sincelast month
+ 1.1%
475BUTTER €/100 kg + 10.2%
289S.M.P. €/100 kg + 6.2%
353W.M.P. €/100 kg + 5.1%
328CHEDDAR €/100 kg + 0.3%
Compared to the average of the
previous 4 weeks
EU Prices
(week 42)
(week 42)
Aug-2021
Average price (USD/MT, FAS)
Event 29419 October 2021
+2.2%
$4 061
Anhydrous Milk Fat
+2.5%$ 6 151
Butter
+4.7%$ 5 111
Butter MilkPowder
n/rn/a
Cheddar
+2.9%$ 4 426
Lactose
+5.9%$ 1 258
Skim MilkPowder
+2.5%$ 3 401
Whole MilkPowder
+1.5%$ 3 803
Event 29419 October 2021
+2.2%
$4 061
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
g
WEEKLY Milk Spot Prices- IT, Lodi -
2018 2019
2020 2021
44.3 €(24 Oct)
Qty in
ktons
%
2021
/20
Qty in
ktons
%
2021
/20
Qty in
ktons
%
2021
/20
Qty in
ktons
%
2021
/20
New Zealand 268 - 3% 248 + 17% 205 - 10% 1 039 + 12%
EU* 146 - 19% 638 + 7% 550 - 3% 196 - 11%
United States 37 + 118% 272 + 7% 623 + 12% 28 + 10%
Belarus 52 + 12% 192 + 11% 78 - 8% 27 + 44%
Australia 15 + 72% 103 + 3% 103 + 23% 36 + 59%
United Kingdom HMRCup to Jul 15 - 63% 57 - 46% 22 - 56% 17 - 57%
Jan-Aug 2021 compared
to 2020
MAIN EXPORTING THIRD COUNTRIES
BUTTER(OIL) CHEESE S.M.P. W.M.P.
Qty in
ktons
%
2021
/20
Qty in
ktons
%
2021
/20
Qty in
ktons
%
2021
/20
Qty in
ktons
%
2021
/20
China 104 + 23% 129 + 45% 311 + 42% 684 + 41%
United Kingdom HMRCup to Jul 27 - 33% 222 - 20% 8 - 19% 12 - 9%
Russia up to Jul 74 + 1% 191 + 14% 28 - 17% 16 - 19%
Japan 9 - 37% 192 - 1% 14 - 49% 1 - 9%
United States 40 - 16% 119 + 17% 0 - 56% 8 - 54%
Indonesiaup to
Jun 9 - 3% 14 - 12% 103 - 5% 34 + 34%
Jan-Aug 2021 compared
to 2020
MAIN IMPORTING THIRD COUNTRIES
BUTTER(OIL) CHEESE S.M.P. W.M.P.
*: UK not included as destination
back to DashboardNext
Wo
rld
Qu
ota
tio
ns
EU P
rice
s
Jan
01
36.4Raw Milk €/100 kg
EU Price Evolution sincelast month
+ 1.1%
475BUTTER €/100 kg + 10.2%
289S.M.P. €/100 kg + 6.2%
353W.M.P. €/100 kg + 5.1%
328CHEDDAR €/100 kg + 0.3%
Compared to the average of the
previous 4 weeks
EU Prices (week 42)
Aug-2021
Source : DG AGRI – Reg. 2017/1185 Art. 11 & 12
Source : DG AGRI – Reg. 2017/1185 Art. 12(a) - Annex II.4(a)
15
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
Jan
20
Jan
21
EUR/100 kg
EU evolutive² Raw Milk Prices Evolution (up to Sep 2021³)
Weighted EU Average (real fat content)
EU Milk Equiv. Price (based on SMP and Butter prices)
³ : provisional figures
36.8 38.6
² EU-27 without UK from 02/2020 onwards
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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
kg
WEEKLY Milk Spot Prices- IT, Lodi -
2018 2019
2020 2021
44.3 €(24 Oct)
10
15
20
25
30
35
40
45
50
55
Jan
12
Se
p 1
2
May
13
Jan
14
Se
p 1
4
May
15
Jan
16
Se
p 1
6
May
17
Jan
18
Se
p 1
8
May
19
Jan
20
Se
p 2
0
May
21
EU
R/1
00
kg
MONTHLY Milk Spot Prices - IT -
IT milk spot prices Lodi
EU evolutive average milk price
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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
Jan
20
Jan
21
i n EUR/100 kg
EU average quotations of main commodities
Butter Intervention price
SMP Intervention price
BUTTER
SMP
WMP
CHEDDAR
Source : DG AGRI – Reg. 2017/1185 Art. 11 – Annex I.7
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Source : DG AGRI, USDA
EU Oceania USA EU Oceania USA
Butter 5 002 4 913 3 922 + 3.9% + 0.8% + 1.5%
SMP 3 164 3 350 3 294 + 1.6% + 1.1% + 8.3%
WMP 3 902 3 788 4 222 + 1.2% + 0.3% + 1.3%
Cheddar 3 791 4 338 3 935 - 0.6% + 1.2% - 0.7%
Price in USD/Tonne
on 17.10.2021
% change
(15 days ago)
LATEST WORLD QUOTATIONS
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Source : DG AGRI, LTO Nederland
0
20
40
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
EUR
/10
0 k
gUS Milk (class III adj 4.2% fat)
NZ Milk - (Fonterra, adj 4.2% fat & 3.35% prot)
EU evolutive Raw Milk price
36.0 36.4
33.5
US, NZ and EU milk prices up to August 2021
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Source : European Central Bank
Sources : Feed : DG AGRI, Clal.itEnergy : DG ENERGY
Source : Nasdaq
Feed / Energy quotations(evolution compared to the
average of the previous 4 weeks )
Feed costs
Energy costs
+ 4.0%
+ 15.9 %
(week 42)
1.05
1.10
1.15
1.20
1.25
1.30
Jan
18A
pr
18Ju
l 18
Oct
18
Jan
19A
pr
19Ju
l 19
Oct
19
Jan
20A
pr
20Ju
l 20
Oct
20
Jan
21A
pr
21Ju
l 21
Oct
21
EUR / USD Exchange Rate
1.1618
Last Update : 27.10.21
0
20
40
60
80
100
120
Jan
18A
pr
18Ju
l 18
Oct
18
Jan
19A
pr
19Ju
l 19
Oct
19
Jan
20A
pr
20Ju
l 20
Oct
20
Jan
21A
pr
21Ju
l 21
Oct
21
Last update : 24.10.21
OIL : Europe Brent Spot Price(USD/Barrel)
84.1
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+0.0%
-1.1%-3.4%
-10.9%
+2.2% +3.6%
-0.5% -1.9%
+2.2%
- 20%
- 15%
- 10%
- 5%
+ 0%
+ 5%
+ 10%
EU Productions Jan-Aug 2021 compared to Jan-Aug 2020)
Source : EUROSTAT
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Source : EUROSTAT, Reg. (EC) No 479/2010 Art. 1(a)1
10 000
11 000
12 000
13 000
14 000Ja
n
Feb
Mar
Apr
May Jun
Jul
Aug Sep
Oct
Nov
Dec
1000
Ton
nes
EU - Cows' milk collected
2018201920202021
Jan-Aug 2021/20 : + 0.0%
Jan-Aug 2021/20 (leap year adjusted): + 0.4%
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500
600
700
800
900
1 000
1 100
Jul
Au
g
Sep
Oct
No
v
De
c
Jan
Feb
Mar
Ap
r
May Jun
in 1000 tonnes
Australian milk production
2018/19
2019/20
2020/21
2021/22
Jul-Aug 2021/22 compared to 2020/21 : - 3.6%
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
2018/19
2019/20
2020/21
2021/22
Jun-Aug 2021/22 compared to 2020/21 : - 2.4%
7000
7250
7500
7750
8000
8250
8500
8750
9000
9250
Jan
Feb
Mar
Ap
r
May Jun
Jul
Au
g
Sep
Oct
No
v
De
c
in 1000
tonnes
U.S. milk production
2018
2019
2020
2021
Jan-Aug 2021 compared to 2020 : + 2.2%
Source : Dairyaustralia, Dcanz, USDA
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in Tonnes 2019 2020 2021% 2020
/19in Tonnes 2019 2020 2021
% 2020
/19
Total to third
countries *105 050 149 544 124 558 - 17%
Total to third
countries *549 405 598 451 638 363 + 7%
USA 25 024 29 545 28 807 - 2% USA 87 706 73 825 86 264 + 17%
China 6 432 10 691 12 555 + 17% Japan 76 747 86 357 82 397 - 5%
South Korea 3 548 5 324 7 285 + 37% Switzerland 41 896 46 995 49 854 + 6%
in Tonnes 2019 2020 2021% 2020
/19in Tonnes 2019 2020 2021
% 2020
/19
Total to third
countries *659 051 567 217 550 266 - 3%
Total to third
countries *192 270 219 549 195 893 - 11%
China 88 319 80 778 100 107 + 24% Oman 32 990 33 744 32 632 - 3%
Algeria 69 496 95 882 69 722 - 27% Nigeria 10 082 15 464 16 911 + 9%
Indonesia 61 068 29 084 47 131 + 62% China 10 405 10 575 15 334 + 45%
*: UK not included as destination
W.M.P.
EU Exports - Top 3 destinations in 2021Period : January-August
BUTTER CHEESE
S.M.P.
Source : EUROSTAT
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Source : IHS Markit/GTA
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+ 23%
+ 44%
+ 45%
+ 34%
+ 37%
+ 51%
+ 64%
+ 10%
77
78
192
454
338
16
12
64
95
113
278
609
461
24
19
71
0 200 400 600
BUTTER + OIL
CHEESE
S.M.P.
W.M.P.
WHEYPOWDER
CASEIN(ATE)S
CONDENSED
LACTOSE
Qty in '000 tonnes
2020
2021
10
17
30
1
43
27
39
33
12
20
26
1
38
37
66
31
0 50 100
% from EU27
CHINA IMPORTS (Jan-Aug 2021 compared to 2020)
- 33% - 63%
- 20% - 46%
- 19% - 56%
- 9% - 57%
- 17% - 47%
- 28% + 110%
- 38% - 47%
41
279
10
13
28
3
31
8
27
222
8
12
23
2
22
5
0 150 300
BUTTER + OIL
CHEESE
S.M.P.
W.M.P.
WHEYPOWDER
CASEIN(ATE)S
CONDENSED
LACTOSE
2020
2021
UNITED KINGDOM HMRC TRADE (Jan-Jul 2021 compared to 2020)
39
106
49
39
46
0
12
12
15
57
22
17
24
0
24
6
0 40 80 120
2020
2021
Qty in '000 tonnes
IMPORTS EXPORTS
Qty in
ktons
%
2021
/20
Qty in
ktons
%
2021
/20
Qty in
ktons
%
2021
/20
Qty in
ktons
%
2021
/20
China 104 + 23% 129 + 45% 311 + 42% 684 + 41%
United Kingdom HMRCup to Jul 27 - 33% 222 - 20% 8 - 19% 12 - 9%
Russia up to Jul 74 + 1% 191 + 14% 28 - 17% 16 - 19%
Japan 9 - 37% 192 - 1% 14 - 49% 1 - 9%
United States 40 - 16% 119 + 17% 0 - 56% 8 - 54%
Indonesiaup to
Jun 9 - 3% 14 - 12% 103 - 5% 34 + 34%
Jan-Aug 2021 compared
to 2020
MAIN IMPORTING THIRD COUNTRIES
BUTTER(OIL) CHEESE S.M.P. W.M.P.
Source : IHS Markit/GTA
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Qty in
ktons
%
2021
/20
Qty in
ktons
%
2021
/20
Qty in
ktons
%
2021
/20
Qty in
ktons
%
2021
/20
New Zealand 268 - 3% 248 + 17% 205 - 10% 1 039 + 12%
EU* 146 - 19% 638 + 7% 550 - 3% 196 - 11%
United States 37 + 118% 272 + 7% 623 + 12% 28 + 10%
Belarus 52 + 12% 192 + 11% 78 - 8% 27 + 44%
Australia 15 + 72% 103 + 3% 103 + 23% 36 + 59%
United Kingdom HMRCup to Jul 15 - 63% 57 - 46% 22 - 56% 17 - 57%
Jan-Aug 2021 compared
to 2020
MAIN EXPORTING THIRD COUNTRIES
BUTTER(OIL) CHEESE S.M.P. W.M.P.
Au
cti
on
Average price (USD/MT, FAS)
Event 29419 October 2021
+2.2%
$4 061
Anhydrous Milk Fat
+2.5%$ 6 151
Butter
+4.7%$ 5 111
Butter MilkPowder
n/rn/a
Cheddar
+2.9%$ 4 426
Lactose
+5.9%$ 1 258
Skim MilkPowder
+2.5%$ 3 401
Whole MilkPowder
+1.5%$ 3 803
Event 29419 October 2021
+2.2%
$4 061GD
T A
ucti
on
Source : Globaldairytrade
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