eucolait meetings - 28 & 29 january 2014 - brussels ... · 9. eu exports of dairy products to...

ALL DAIRY PRODUCTS

2. MILK DELIVERIES IN THE EU (ZMB)

MILK COLLECTED IN THE EU ( Eurostat)

MILK DELIVERIES OUTSIDE THE EU (ZMB)

EU PRODUCTION OF MILK PRODUCTS (ZMB)

MILK QUOTAS IN THE EU-27

3. EU MONTHLY DELIVERIES (European Commission)

EU DELIVERIES & PRODUCTION DEVELOPMENT (European Commission)

EU MILK PRICE EVOLUTION (European Commission)

4. EU MILK PRICE (European Commission)

EU MILK PRICE, OPERATING COSTS & GROSS MARGIN (European Commission)

EU DAIRY QUOTATIONS (European Commission)

5. MILK PRODUCTION IN US, AUSTRALIA, NEW ZEALAND (European Commission)

6. 2011-2013 US PRODUCTION & STOCKS (HighGround Trading Group)

7. EU INTERNAL MARKET PRICES OF DAIRY PRODUCTS (European Commission)

8. EU DAIRY MARKETS SUMMARY & FORECASTS (ZMB)

EU MILK MARKET BALANCE (extract from the Commission's prospects 2013-2023)

EU COW'S MILK SUPPLY & DAIRY HERD DEVELPOMENTS (extract from the Commission's prospects 2013-2023)

9. EU EXPORTS OF DAIRY PRODUCTS TO THIRD COUNTRIES - Jan-Nov 2013/12 (European Commission)

EU IMPORTS OF DAIRY PRODUCTS FROM THIRD COUNTRIES - Jan-Nov 2013/12 (European Commission)

10. EU IMPORTS JAN-NOV 2011-2013 (Global Trade Information Services)

11. EU EXPORTS 2006-2013 (European Commission)

12. EXCHANGE RATE EVOLUTION US$/€ (ECB)

CHEESE

13. EU CHEESE PRODUCTION (ZMB // Eurostat) & BALANCE SHEET (ZMB)

EU CHEESE MARKET BALANCE (extract from the Commission's prospects 2013-2023)

14. EU & WORLD CHEESE MARKET PRICES (European Commission // Global Dairy Trade)

EU/US/OCEANIA QUOTATIONS OF CHEDDAR (European Commission)

15. US CHEESE IMPORTS FROM THE EU (US International Trade Commission)

RUSSIA CHEESE IMPORTS FROM THE EU (Global Trade Information Services)

CHEESE EXPORTS & IMPORTS BY MAJOR WORLD MARKET PLAYERS (European Commission)

16. CHEESE IMPORTS BY MAJOR WORLD MARKET PLAYERS (Global Trade Information Services)

BUTTER/BUTTEROIL

18. EU BUTTER PRODUCTION (ZMB // Eurostat) & BALANCE SHEET (ZMB)

19. 2013-2014 BUTTER PRICE QUOTATIONS IN SOME MS

EUCOLAIT MEETINGS - 28 & 29 JANUARY 2014 - BRUSSELS

STATISTICS

19. 2013-2014 BUTTER PRICE QUOTATIONS IN SOME MS

20. EU BUTTER MARKET PRICES (European Commission)

EU QUOTATIONS OF BUTTER & SMP (European Commission)

21. WORLD MARKET PRICES FOR BUTTER REPORTED BY OCEANIA (USDA AMS)

22. EU/US/OCEANIA QUOTATIONS OF BUTTER (European Commission)

AMF MARKET PRICES (Global Dairy Trade)

23. EU BUTTER MARKET BALANCE (extract from the Commission's prospects 2013-2023)

EU BUTTER MARKET DEVELOPMENTS (extract from the Commission's prospects 2013-2023)

24. BUTTER EXPORTS & IMPORTS BY MAJOR WORLD MARKET PLAYERS (European Commission // Global Trade Information Services)

25. BUTTEROIL EXPORTS & IMPORTS BY MAJOR WORLD MARKET PLAYERS (European Commission // Global Trade Information Services)

26. BUTTER PRIVATE STOCK SITUATION (European Commission //Eucolait survey)

MILK POWDER

27. EU SMP PRODUCTION (ZMB // Eurostat) & BALANCE SHEET (ZMB)

28. EU PRODUCTION & BALANCE SHEET FOR WMP, CONDENSED MILK & WHEY POWDER (ZMB)

29. EU PRODUCTION OF WMP, CONCENTRATED, FERMENTED MILK, CREAM & DRINKING MILK (Eurostat)

30. 2013-2014 SMP PRICE QUOTATIONS IN SOME MS

31. EU MARKET PRICES FOR SMP, WMP & WHEY POWDER (European Commission)

32. WORLD MARKET PRICES FOR SMP & WMP REPORTED BY OCEANIA (USDA AMS)

33. EU/US/OCEANIA QUOTATIONS OF SMP & WMP (European Commission)

34. WORLD MARKET PRICES FOR SMP & WMP (Global Dairy Trade)

35. EVOLUTION OF WHEY POWDER PRICES (ZMB)

36. EU SMP MARKET BALANCE (extract from the Commission's prospects 2013-2023)

EU SMP MARKET DEVELOPMENTS (extract from the Commission's prospects 2013-2023)

EU WMP MARKET BALANCE (extract from the Commission's prospects 2013-2023)

EU WHEY MARKET BALANCE (extract from the Commission's prospects 2013-2023)

37. SMP EXPORTS & IMPORTS BY MAJOR WORLD MARKET PLAYERS (European Commission // Global Trade Information Services)

38. WMP EXPORTS & IMPORTS BY MAJOR WORLD MARKET PLAYERS (European Commission // Global Trade Information Services)

39. MAIN WHEY IMPORTERS (Global Trade Information Services)

CASEIN

40. EVOLUTION OF CASEIN PRICES ON THE US MARKET (USDA AMS)

41. WORLD MARKET PRICES FOR RENNET CASEIN & MPC70 (Global Dairy Trade)

EU CASEIN PRODUCTION (ZMB // European Commission) & BALANCE SHEET (ZMB)

42. EU IMPORTS OF CASEIN FROM THIRD COUNTRIES (Eurostat)

43. EU IMPORTS OF CASEINATES FROM THIRD COUNTRIES (Eurostat)

44. US IMPORTS OF CASEIN, CASEINATES AND MPC (US International Trade Commission)

GENERAL INFORMATION

EU COW'S MILK COLLECTED

January-November 2013/12

Source: ZMB Source: Eurostat

in 1 000 t Nov in 1 000 t

2012 2013* 13/12 ** 13/12 * 2012 2013 13/12

Austria 2,727 2,689 - 1.1% + 2.6% Austria 2,726 2,688 - 1.4%

Baltic States 2,538 2,558 + 1.1% + 5.6% Belgium 2,822 2,868 + 1.6%

Belgium 3,052 3,109 + 2.2% + 8.6% Bulgaria 457 455 - 0.6%

Bulgaria 457 455 - 0.3% - 0.3% Czech Rep 2,250 2,187 - 2.8%

Czech Rep. 2,250 2,187 - 2.5% - 1.5% Cyprus 140 143 + 2.1%

Germany 27,269 27,762 + 2.1% + 3.5% Germany 27,256 27,761 + 1.9%

Denmark 4,527 4,601 + 1.9% + 4.7% Denmark 4,514 4,601 + 1.9%

Spain 5,517 5,488 - 0.2% + 3.1% Estonia 610 646 + 6.0%

Finland 2,068 2,093 + 1.5% + 3.6% Spain 5,517 5,488 - 0.5%

France 22,474 22,357 - 0.2% + 3.8% Finland 2,068 2,093 + 1.2%

Greece 610 598 - 1.6% . France 22,477 22,357 - 0.5%

Coatia 1,284 1,235 - 3.5% + 2.1% Greece* 559 549 - 1.8%

Hungary 558 464 - 16.5% . Croatia* 514 422 - 17.8%

Ireland 5,247 5,392 + 3.1% + 19.7% Hungary 1,284 1,235 - 3.8%

Italy 9,991 9,794 - 1.7% . Ireland 5,246 5,390 + 2.8%

NL 10,687 11,171 + 4.8% + 6.0% Italy 9,215 8,872 - 3.7%

Poland 9,039 9,055 + 0.5% + 5.2% Lithuania 1,263 1,237 - 2.1%

Portugal 1,710 1,631 - 4.4% + 0.9% Luxembourg 255 263 + 3.1%

Romania 822 812 - 0.9% + 4.6% Latvia 665 676 + 1.6%

Sweden 2,626 2,627 + 0.3% + 2.0% NL 10,692 11,171 + 4.5%

Slovenia 492 475 - 3.2% - 2.0% Poland 9,071 9,102 + 0.3%

Slovakia 783 759 - 2.7% - 4.1% Portugal 1,710 1,631 - 4.6%

UK 12,525 12,513 + 0.2% + 9.6% Romania 822 811 - 1.3%

EU 28 129,686 130,266 + 0.7% + 4.4% Sweden 2,626 2,627 + 0.0%

*) Provisional/estimated ** Adjusted for leapday Slovenia 492 475 - 3.5%

Slovakia 783 759 - 3.0%

UK 12,521 12,510 - 0.1%

EU-28 128,555 129,016 + 0.4%

* Jan-Oct 2013/12

Source: ZMB

EU MILK DELIVERIES


January-November January-November

MILK DELIVERIES OUTSIDE THE EU

of 44

Source: ZMB

in 1 000 t January- 2012 2013 13/12 **

EU-28 Nov. 129,686 130,266 + 0.7%

Switzerland Nov. 3,197 3,143 - 1.4%

Turkey Nov. 7,318 7,274 - 0.3%Russia

1) Nov. 29,783 28,637 - 3.6%Kasachstan

1) Oct. 4,260 4,316 + 1.6% Austria 2,993 2,993

Belarus 1) Nov. 5,695 5,677 - 0.0% Belgium 3,602 3,602

Ukraine 1) Dec. 11,378 11,502 + 1.4% Bulgaria 1,050 1,050

Canada Oct. 6,841 6,739 - 1.2% Cyprus 156 156USA

1) Nov. 83,237 83,622 + 0.8% Czech Rep. 2,935 2,935

Mexico Nov. 10,482 10,459 + 0.1% Germany 30,319 30,319Argentina

2) Mar. 1,884 1,685 - 9.6% Denmark 4,848 4,848

Brazil Sep. 17,032 17,520 + 3.2% Estonia 693 693

Chile Nov. 1,952 1,920 - 1.4% Spain 6,558 6,558

Uruguay Nov. 1,842 1,916 + 4.3% Finland 2,619 2,619

Japan Oct. 6,394 6,304 - 1.1% France 26,371 26,371Australia

1) Nov. 8,844 8,351 - 5.3% Greece 880 880NZ

1) Nov. 17,922 17,431 - 2.4% Croatia 765 765

*) Leap day adjusted1) Milk production Hungary 2,133 2,133

²) Milk deliveries of 20 dairies (representing 64% of milk deliveries) Ireland 5,784 5,784

Italy 11,289 11,289

Lithuania 1,828 1,828

Luxembourg 293 293

Latvia 781 781

Source: ZMB Malta 52 52

Oct NL 12,050 12,050

2012 2013* 13/12 * 13/12 * Poland 10,056 10,056

27,525 27,648 + 0.4% - 1.2% Portugal 2,089 2,089

2,110 2,091 - 0.9% - 4.0% Romania 3,277 3,277

7,496 7,396 - 1.3% - 2.5% Sweden 3,594 3,594

1,639 1,635 - 0.2% + 6.4% Slovenia 618 618

7,238 7,297 + 0.8% + 2.6% Slovakia 1,116 1,116

515 522 + 1.5% + 8.1% UK 15,897 15,897

999 938 - 6.1% + 16.3% EU-28 154,645 154,645

886 842 - 4.9% - 9.6% *including direct sales*) Provisional.

MILK QUOTAS IN THE EU-28 *

in 1 000 t 2013/14 2014/15

Cheese

EU PRODUCTION OF DAIRY PRODUCTS

in 1 000 t January-October

Liquid milk

Cream

Fermented Products

Butter

WMP etc.

SMP

Condensed milk

*) Provisional.

Page 2 of 44

GENERAL INFORMATION

Source: European Commission

of 44 Source: European Commission

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

Source: European CommissionPage 3 of 44

GENERAL INFORMATION

Source: European CommissionEU MILK PRICE, OPERATING COSTS & GROSS MARGIN

of 44Page 4 of 44

GENERAL INFORMATION


MILK PRODUCTION IN US, AUSTRALIA, NEW ZEALAND & ARGENTINA

of 44Page 5 of 44

GENERAL INFORMATION

Source: HighGround Trading Group

2011 - 2013 US PRODUCTION & STOCKS

90,000

100,000

110,000

120,000

130,000

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

Me

tric

To

nn

es

Cheddar Cheese Production

2011 2012 2013

340,000

360,000

380,000

400,000

420,000

440,000


Me

tric

To

nn

es

Total Cheese Production

2011 2012 2013

0

20,000

40,000

60,000

80,000

100,000


Me

tric

To

nn

es

Butter Production

2011 2012 2013

0

10,000

20,000

30,000

40,000

50,000


Me

tric

To

nn

es

Dry Whey (Human) Production

2011 2012 2013

0

5,000

10,000

15,000

20,000

25,000


Me

tric

To

nn

es

Whey Protein Concentrate (Human) Production

2011 2012 2013

32,000

34,000

36,000

38,000

40,000

42,000


Me

tric

To

nn

es

Lactose Production

2011 2012 2013

0

5,000

10,000

15,000

20,000

25,000

30,000


Me

tric

To

nn

es

WPC (Human) Stocks

2011 2012 2013

0

20,000

40,000

60,000

80,000

100,000

120,000


Me

tric

To

nn

es

NDM Stocks

2011 2012 2013

0

10,000

20,000

30,000

40,000


Me

tric

To

nn

es

Dry Whey (Human) Stocks

2011 2012 2013

0

10,000

20,000

30,000

40,000

50,000


Me

tric

To

nn

es

Lactose Stocks

2011 2012 2013

0

20,000

40,000

60,000

80,000

100,000


Me

tric

To

nn

es

NDM/SMP Combined Production

2011 2012 2013

of 44

GENERAL INFORMATION


5 1 4 4 3 3 3

68 66 54 654 5 5465 4564 5465 465

468 5 2 2 2

46 5 2

48 5 2 2 5 3 3 3 3

6 5

6546 4654 5 5 3 3 3 3

5 48 46 456 45 65465 4 54

EU INTERNAL MARKET PRICES OF DAIRY PRODUCTS

dfsfsd gfd 4 4 4

7 7 4

dfg fg 7 7 4

dfg 6 7 4

df dfg 4 4

fdg 4 4 4

fg fg dfg 4 4 4 4

7 7 7

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a

d

d 2 2 2

c j j

f j j j j

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h j

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j j

j

of 44

GENERAL INFORMATION

EU27 EU27 EU27 EU27 EU28 EU 28

in 1000 t 2010 20111)

20122)

20132)

20132)

20142)

23,102 22,844 22,877 22,950 23,150 23,350

148,565 150,000 151,000 151,500 151,500 151,500

136,667 139,521 140,456 141,468 141,968 144,300

32,703 32,672 32,437 32,400 32,700 32,700

Fermented products 9,468 9,464 9,416 9,350 9,420 9,450

Butter Production3)2,010 2,080 2,105 2,070 2,075 2,115

Consumption 1,974 1,966 2,013 2,000 2,007 2,015

Cheese Production4)9,497 9,611 9,700 9,800 9,835 9,935

Consumption5)8,908 8,993 9,006 9,070 9,115 9,160

SMP Production 1,080 1,220 1,230 1,180 1,180 1,250

Consumption 800 810 810 780 783 780

760 750 715 710 710 750

Condensed Milk production 1,130 1,120 1,190 1,150 1,150 1,160

4,400 4,900 4,600 4,753 5,000 5,001

501 502 503 503 508 509

1) Revised. 2) Preliminary. 3) Incl an estimation for butteroil made from cream in butterequivalents. Source: ZMB

4) Incl. Cheese made from other animals milk and processed cheese impact. 5) Including processed cheese.

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 23/13

Dairy cows (million heads) 23.1 23.0 22.8 22.5 22.1 21.6 21.2 20.8 20.5 20.1 19.7 - 14.8%

of which EU-15 17.8 17.8 17.7 17.4 17.2 16.9 16.6 16.3 16.1 15.8 15.5 - 12.5%

of which EU-N13 5.4 5.2 5.1 5.0 4.9 4.8 4.6 4.5 4.4 4.3 4.2 - 22.4%

Milk yield (kg/cow) 6439.4 6532.7 6678.5 6818.3 6976.3 7140.2 7306.3 7471.3 7643.3 7817.3 7986.4 + 24.0%

of which EU-15 6982.3 7067.8 7206.0 7338.9 7497.1 7662.7 7829.5 7993.6 8165.0 8337.7 8503.8 + 21.8%

of which EU-N13 4638.2 4720.8 4861.1 5009.1 5147.5 5288.0 5433.7 5581.6 5735.4 5894.1 6052.4 + 30.5%

Cow milk production (million t) 148.9 150.4 152.4 153.2 153.8 154.5 155.1 155.7 156.3 156.9 157.3 + 5.6%

of which EU-15 124.1 125.6 127.5 128.0 128.7 129.3 129.9 130.5 131.1 131.7 132.1 + 6.5%

of which EU-N13 24.8 24.8 25.0 25.1 25.2 25.2 25.2 25.2 25.2 25.2 25.2 + 1.3%

Total milk production (million t) 152.3 153.8 156.0 156.7 157.3 157.9 158.4 159.0 159.5 160.0 160.4 + 5.3%

of which EU-15 124.3 125.8 127.7 128.2 128.9 129.5 130.1 130.7 131.3 131.9 132.3 + 6.5%

of which EU-N13 28.0 28.0 28.3 28.5 28.4 28.4 28.3 28.3 28.2 28.1 28.0 + 0.1%

Delivered to dairies (million t) 140.4 142.2 144.4 145.2 146.0 146.7 147.4 148.1 148.7 149.3 149.9 + 6.7%

of which EU-15 120.5 122.0 123.8 124.3 125.0 125.7 126.3 126.9 127.6 128.1 128.6 + 6.7%

of which EU-N13 19.9 20.1 20.6 20.9 21.0 21.0 21.1 21.1 21.2 21.2 21.3 + 7.0%

On-farm use and direct sales (million t)11.9 11.7 11.5 11.4 11.3 11.2 11.0 10.9 10.8 10.7 10.5 - 11.4%

of which EU-15 3.7 3.8 3.8 3.9 3.9 3.8 3.8 3.8 3.8 3.8 3.7 + 0.1%

of which EU-N13 8.2 7.9 7.7 7.6 7.5 7.3 7.2 7.1 7.0 6.9 6.8 - 16.7%

Delivery ratio (%) 94.3 94.5 94.8 94.8 94.9 95.0 95.0 95.1 95.2 95.2 95.3 + 1.0%

of which EU-15 97.2 97.2 97.1 97.1 97.2 97.2 97.2 97.2 97.3 97.3 97.3 + 0.2%

of which EU-N13 80.0 81.2 82.5 83.2 83.4 83.6 83.8 84.0 84.1 84.3 84.5 + 5.6%

Fat content of milk (%) 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 4.0 - 0.5%

Non-fat solid content of milk (%) 9.3 9.3 9.3 9.3 9.3 9.3 9.3 9.3 9.3 9.3 9.3 - 0.2%

EU Milk producer price in EUR/t

(real fat content) 355.8 343.8 339.7 339.7 349.1 353.3 355.5 354.0 353.2 349.4 348.4- 2.1%

Source: Commission's Prospects for Agricultural Markets and Income in the EU (2013-2023), December 2013

WMP production

EU DAIRY MARKETS SUMMARY & FORECASTS

Dairy Cows

Milk Production

Milk Deliveries

Milk for liquid consumption

Skim Milk used for Casein

Population (million head)

EU MILK MARKET BALANCE

EU COW'S MILK SUPPLY AND DAIRY HERD DEVELOPMENTS


of 44

TOTAL BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

EU-28 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11

MILK, NOT CONCENTRATED 2013 527.3 + 8.8% 20.5 0.6 0.2 9.2 171.3 7.5 0.4 1.3 32.0 123.1 19.9 12.7 0.6 3.4 5.6 0.6 1.4 0.0 16.7 1.1 7.7 31.9 0.9 31.2 2.0 19.5 4.2 1.8

NOT SUGARED 2012 484.5 12.4 0.1 0.2 7.5 154.4 4.7 0.4 0.7 28.1 107.4 33.7 9.9 0.6 3.2 2.7 0.0 6.8 0.0 19.4 0.6 2.6 42.0 0.7 24.9 0.4 18.2 1.6 1.4

MILK, CONCENTRATED OR 2013 225.6 - 14.1% 2.7 0.0 0.0 0.1 55.0 0.0 0.0 0.0 1.9 0.8 0.0 0.2 0.0 0.2 0.0 0.1 160.4 0.0 2.8 0.6 0.0 0.0 0.1 0.6

SUGARED(not in powder) 2012 262.5 2.2 0.0 0.0 0.1 96.3 0.0 0.1 2.4 1.2 0.1 0.0 1.4 0.0 0.2 0.0 156.9 0.0 0.5 0.3 0.0 0.1 0.7

SMP (total) 2013 372.0 - 25.2% 73.1 0.0 8.4 10.6 83.2 0.3 18.1 0.1 0.6 71.8 0.0 0.4 1.4 6.6 0.0 46.0 1.0 19.0 0.2 0.0 0.1 0.3 12.9 11.2 6.7

2012 497.5 104.0 0.0 9.8 9.6 101.4 0.4 18.6 0.1 13.1 103.0 0.0 0.2 0.0 0.8 15.5 0.0 53.4 0.4 38.2 0.2 0.0 0.3 0.6 11.1 10.2 6.7

WMP (total) 2013 345.1 - 5.1% 32.9 0.0 4.0 56.5 10.3 18.9 0.0 0.8 25.7 0.0 0.2 0.1 0.4 0.0 122.4 0.1 4.1 1.5 0.0 0.0 0.6 1.4 31.0 34.4

2012 363.7 36.5 0.0 4.2 71.3 8.2 0.0 19.1 0.2 0.7 30.8 0.0 0.2 0.5 2.0 0.0 120.5 0.0 5.5 1.5 0.0 0.0 0.5 0.8 28.6 32.3

BUTTER (total) 2013 95.2 - 0.7% 4.6 0.0 0.6 12.8 8.4 0.0 5.3 0.1 0.6 26.0 0.3 0.2 1.6 1.8 0.0 0.3 11.9 0.1 1.5 1.4 0.1 0.0 16.5 0.0 1.3

2012 95.9 3.9 0.1 0.7 12.2 8.6 0.1 6.5 0.0 0.8 21.9 0.5 0.1 0.4 0.5 0.0 0.1 16.4 0.1 2.2 1.1 0.1 0.0 16.7 0.5 2.6

BUTTEROIL (total) 2013 20.3 + 2.0% 5.5 0.0 0.6 0.0 0.0 0.0 5.3 0.1 0.0 0.0 0.0 0.1 0.0 0.0 6.9 0.0 1.3 0.3 0.0 0.1

2012 19.9 4.4 0.0 0.6 0.3 0.0 0.0 5.8 0.0 0.0 0.0 0.0 0.0 0.0 6.9 0.0 0.8 0.3 0.1 0.0 0.4

CHEESES (total) 2013 726.3 + 2.8% 5.3 6.8 6.2 54.0 94.5 7.6 21.3 6.6 16.3 100.9 2.1 78.3 2.4 5.1 39.3 0.0 8.6 0.1 132.9 16.8 61.2 3.9 1.2 2.0 0.6 36.5 1.4 14.3

2012 706.5 4.9 6.9 6.1 45.4 129.8 6.0 29.5 6.2 11.8 91.9 2.0 74.7 2.1 5.9 38.9 0.0 7.0 0.0 117.9 14.0 48.2 4.4 0.3 2.0 0.6 35.1 1.3 13.4

WHEYPOWDER 2013 470.1 + 2.9% 13.7 0.0 20.7 6.0 52.9 2.2 22.3 0.3 8.6 158.3 1.4 4.9 3.7 8.4 0.0 0.5 57.6 5.4 74.4 1.2 0.2 0.5 23.4 0.0 3.6

2012 456.9 19.3 0.1 19.7 6.4 57.8 2.7 21.1 0.5 8.3 143.0 1.9 2.0 5.2 7.2 0.0 0.4 57.7 4.3 66.5 1.5 0.1 0.2 25.1 0.0 6.0

CASEINES & 2013 61.0 - 15.7% 0.0 0.0 4.7 11.0 0.0 14.7 0.0 0.0 9.4 0.0 0.3 0.0 0.0 16.8 0.0 3.8 0.0 0.0 0.1 0.0 0.0 0.1

CASEINATES 2012 72.3 0.1 0.0 5.1 14.0 0.0 17.7 0.0 0.0 14.1 0.0 0.6 0.0 0.0 0.0 15.4 0.0 5.1 0.1 0.0 0.1 0.0 0.0 0.1

LACTOSE & SYRUP 2013 136.1 - 3.8% 0.4 0.0 0.0 0.3 59.1 0.0 1.2 0.1 0.1 14.7 0.1 7.9 0.0 0.0 7.5 0.0 42.7 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.6

(17021010-90 + 21069051) 2012 141.4 0.5 0.1 0.0 0.0 59.3 0.0 1.6 0.1 0.2 12.9 0.0 7.2 0.0 0.0 9.0 0.0 49.9 0.1 0.1 0.0 0.0 0.0 0.0 0.3

0403 90 powdered 2013 28.2 - 17.5% 2.4 0.0 3.1 5.2 0.0 2.5 0.0 0.0 0.1 0.0 10.5 0.0 1.0 0.0 1.7 0.9 0.8

2012 34.2 3.1 0.0 4.0 7.6 0.0 0.0 3.2 0.0 10.4 0.0 1.0 0.0 2.1 2.2 0.6

0404 90 2013 56.1 + 19.1% 0.2 0.0 0.0 2.4 1.9 0.0 0.4 0.0 1.0 6.0 0.0 0.1 0.0 0.0 12.8 27.3 0.3 2.2 0.1 1.2 0.0 0.1

2012 47.1 1.1 0.0 1.4 1.7 0.0 0.4 0.4 5.1 0.0 0.0 0.1 0.0 0.0 12.8 19.3 0.3 2.8 0.7 0.0 0.0 0.7 0.1 0.1

(1) : Confidential Source: Eurostat - COMEXT 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11

EU EXPORTS OF DAIRY PRODUCTS TO THIRD COUNTRIESJanuary-November 2013/12

in 1 000 t EU28

13/12

( ) : Confidential Source: Eurostat - COMEXT 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11

(2) : Not including NL BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

TOTAL BE BG CZ DK DE EE IE EL ES FR HR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK

EU-28 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11 11

MILK, NOT CONCENTRATED 2013 26.6 - 33.3% 0.2 0.0 0.0 3.2 0.0 0.0 0.3 21.0 1.0 0.1 0.0 0.4 0.0 0.0 0.5

NOT SUGARED 2012 39.9 0.0 0.0 0.1 4.1 0.0 0.0 0.0 2.0 31.7 1.0 0.0 0.0 0.0 0.0 0.5 0.0 0.3 0.3

MILK, CONCENTRATED OR 2013 0.8 - 11.8% 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

SUGARED(NOT in powder) 2012 0.9 0.8 0.0 0.0 0.0 0.1 0.0

SMP (total) 2013 4.8 n/r 0.5 0.0 0.5 0.0 0.0 0.1 3.7 0.0 0.0 0.0 0.0 0.0

2012 1.1 0.0 0.0 0.4 0.0 0.0 0.2 0.0 0.3 0.0 0.2 0.0 0.0

WMP (total) 2013 3.4 + 31.9% 0.3 0.0 0.2 0.0 2.5 0.0 0.0 0.0 0.0 0.3

2012 2.6 0.0 0.0 0.0 0.0 0.0 0.0 2.4 0.1 0.0 0.0

BUTTER (total) 2013 23.7 - 48.3% 1.6 3.7 0.0 2.9 0.0 0.0 0.0 12.1 0.0 3.3

2012 45.8 3.9 7.0 0.0 0.0 0.0 1.1 23.5 0.0 10.4

BUTTEROIL (total) 2013 16.4 n/r 9.6 1.8 0.0 0.3 1.4 0.0 0.0 3.2 0.0 0.0 0.1

2012 3.6 0.7 0.4 0.0 0.2 0.5 0.5 0.0 1.7 0.0 0.0 0.1

CHEESES 2013 68.5 - 2.6% 0.2 0.0 0.0 0.5 27.6 0.0 0.0 0.0 0.2 4.7 0.9 11.1 0.0 0.4 0.3 0.0 0.1 12.8 2.6 0.1 0.0 0.0 0.0 0.8 0.6 5.8

2012 70.3 0.4 0.2 0.0 0.1 26.5 0.0 0.1 0.2 5.0 1.5 11.5 0.2 0.0 0.1 10.6 3.6 0.0 0.0 0.0 0.0 0.0 0.6 0.9 8.7

WHEY POWDER 2013 7.7 + 21.3% 0.1 3.4 1.1 0.0 0.1 0.2 0.0 2.7 0.0 0.0 0.0 0.0

2012 6.4 0.1 0.0 1.9 0.1 0.0 0.0 0.1 0.1 0.2 0.0 3.8 0.0 0.0 0.0 0.0 0.0 0.0

CASEINES & CASEINATES 2013 17.8 - 31.6% 0.2 0.0 0.0 0.0 7.2 0.0 1.0 0.8 0.0 0.4 0.3 4.0 0.0 4.1 0.0 0.0 0.0 0.0

2012 26.1 0.3 0.0 10.5 0.1 1.1 0.7 0.0 0.8 0.2 3.7 0.0 8.7 0.1 0.0 0.0 0.0

LACTOSE & LACTOSE SYRUP 2013 7.9 + 64.5% 0.1 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.1 0.3 0.0 0.0 0.0 0.0 4.9 2.1 0.0 0.0 0.0 0.0 0.0 0.3

(CN 17021010-90 + 21069051) 2012 4.8 0.0 0.0 0.0 0.0 0.2 0.0 0.0 0.3 0.0 0.0 0.0 0.0 3.8 0.0 0.0 0.0 0.0 0.0 0.0 0.4

0403 90 powdered 2013 0.5 n/r 0.0 0.0 0.0 0.5 0.0 0.0

2012 0.1 0.0 0.0 0.0 0.0 0.0

0404 90 2013 0.2 - 63.0% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0

2012 0.4 0.0 0.0 0.3 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0

in 1 000 t EU28

13/12

EU IMPORTS OF DAIRY PRODUCTS FROM THIRD COUNTRIESJanuary-November 2013/12

2012 0.4 0.0 0.0 0.3 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0

Source: Global Trade Information Service

2011 2012 2013 %∆ 13/12 2011 2012 2013 %∆ 13/12 2011 2012 2013 %∆ 13/12

040210 (SMP)

Milk And Cream, Concentrated, Whether Or Not

Sweetened, In Powder, Granules Or Other Solid

Forms, Of A Fat Content, By Weight, Not

Exceeding 1.5%

351 1,110 4,811 n/r 311 553 726 +31.1% 39 556 4,086 n/r

040221 (WMP)Milk And Cream, Concentrated, Not Sweetened,

In Powder, Granules Or Other Solid Forms, Of A

Fat Content, By Weight, Exceeding 1.5%

1,462 2,568 3,345 +30.3% 265 135 717 n/r 1,197 2,433 2,629 +8.0%

040291 Milk And Cream, Concentrated, Not Sweetened,

Nesoi 461 575 525 -8.7% 1 4 32 n/r 460 572 493 -13.8%

040299 Milk And Cream, Sweetened, Whether Or Not

Concentrated, Nesoi 759 336 279 -17.2% 40 31 60 +94.8% 719 306 219 -28.5%

040410 Whey & Modfd Whey Whet/Nt Cncntrtd Cntg Add

Sweetn 58,458 65,573 69,384 +5.8% 20,642 27,752 30,799 +11.0% 37,816 37,821 38,585 +2.0%

040490 Products Of Natural Milk Constituents, Nesoi 243 432 160 -63.0% 171 432 160 -63.0% 72 0 0 n/r

040510 Butter 35,369 45,837 24,176 -47.3% 25,454 37,495 15,312 -59.2% 9,916 8,343 8,864 +6.3%

040520 Dairy Spreads 3,581 3,725 1,883 -49.5% 3,581 3,725 1,883 -49.5% 0 0 0 +0.0%

040590 Fats And Oils Derived From Milk, N.E.S.O.I. 2,734 3,584 15,910 n/r 450 1,961 4,530 n/r 2,284 1,623 11,380 n/r

0406 Cheese And Curd 68,773 70,336 68,538 -2.6% 67,697 69,147 67,682 -2.1% 1,075 1,188 853 -28.3%

170211 Lactose & Lactose Syrup Cont 99% More Lactse

By Wt 9,805 4,495 7,509 +67.1% 7,978 4,306 5,409 +25.6% 1,827 189 2,100 n/r

3501 Casein, Caseinates And Other Casein Derivatives 23,813 26,097 17,849 -31.6% 7,355 9,867 5,918 -40.0% 16,457 16,229 11,932 +32.7%

350220 Milk Albumin,Inc Concen Of 2 Or More Whey

Proteins 4,149 3,912 4,632 +18.4% 2,658 1,577 1,532 -2.8% 1,492 2,335 3,099 n/r

35040010

Concentrated Milk Proteins With A Protein

Content >-85% By Weight, Calculated On The Dry

Matter15,546 15,012 15,736 +4.8% 15,531 14,880 15,387 +3.4% 16 133 349 -26.5%

EU IMPORTS JAN-NOV 2011-2013

In tonnes

Products

Total Of which of which

EU Imports Normal Imports Inward Processing

GENERAL INFORMATION

Source: Global Trade Information Services

EU EXPORTS 2006 - 2013 (up to November 2013)

of 44

GENERAL INFORMATION

Source: European Central Bank

USD $ / €

GBP £ / €

EXCHANGE RATE EVOLUTION

PLN zł / €

page 12 of 44

CHEESE

EU CHEESE PRODUCTION



in 1 000 t Oct in 1 000 t

2012 2013* 13/12 * 13/12 * 2012 2013 13/12

Austria 141.0 136.9 - 2.9% - 0.1% 153.1 150.2 - 1.8%

Belgium 64.8 64.5 - 0.6% - 12.1% 69.0 71.2 + 3.2%

Czech Rep 93.8 100.2 + 6.8% + 1.8% 48.2 55.5 + 15.0%

Germany 1,879.0 1,893.5 + 0.8% + 1.6% 103.2 109.3 + 5.9%

Denmark 254.5 269.4 + 5.9% + 8.4% 2,064.4 2,075.2 + 0.5%

Spain 116.7 121.3 + 3.9% - 11.1% 277.0 295.9 + 6.8%

Finland 85.8 84.7 - 1.2% + 7.6% 39.2 39.3 + 0.3%

France 1,522.9 1,532.2 + 0.6% + 2.1% 129.6 133.8 + 3.2%

Hungary 58.6 59.8 + 2.1% - 4.0% 93.9 93.5 - 0.5%

Italy 830.0 806.0 - 2.9% - 0.1% 1,678.3 1,686.5 + 0.5%

Lithuania 95.2 98.9 + 3.9% - 11.5% 23.0 21.2 - 7.9%

NL 635.8 660.2 + 3.8% + 7.8% 26.3 27.3 + 3.5%

Poland 570.4 586.5 + 2.8% + 0.5% 66.4 65.7 - 1.0%

Portugal 50.0 46.6 - 6.8% - 6.7% 905.2 880.2 - 2.8%

Sweden 83.8 74.8 - 10.8% - 12.5% 102.6 107.3 + 4.5%

Slovakia 23.2 23.6 + 1.4% + 4.3% 28.6 33.6 + 17.5%

UK 334.0 321.9 - 3.6% + 26.2% 698.0 725.8 + 4.0%

EU-28 7,238 7,297 + 0.8% + 2.6% 664.9 683.2 + 2.7%

*) Provisional. 1) Only cheese from cow milk. 54.8 51.1 - 6.7%

54.9 58.9 + 7.3%

93.5 82.0 - 12.3%

16.6 15.0 - 9.7%

EU 27 EU 27 EU 27 EU 27 EU 28 EU 28 25.5 25.9 + 1.2%

in 1 000 t 2010 2011 2012* 2013** 2013** 2014** 360.0 355.0 - 1.4%

Production 9,237 9,366 9,465 9,560 9,595 9,695 7,776.2 7,842.2 + 0.8%

-from cows' milk in dairies 8,497 8,626 8,725 8,820 8,850 8,950 * Jan-Oct 2013/12

-on farm 100 100 100 100 100 100

-from other milk 640 640 640 640 645 645

Imports 83 74 77 75 75 75

Processing addition1)

260 245 235 240 240 240

Available 9,580 9,685 9,777 9,875 9,910 10,010

Consumption 8,908 8,993 9,006 9,070 9,115 9,160

Exports 676 675 776 810 800 850

Stock changes -5 +10 -5 -5 -5 0

Per capita cons.(kg) 17.8 17.9 17.9 18.0 18 18.0

*)Provisional **)Forecast. 1) From processed cheese production. Source: ZMB

1000 t 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 23/13

Production 9669 9735 9925 10087 10239 10339 10443 10545 10596 10660 10716 + 10.8%

of which EU15 8279 8341 8497 8633 8762 8847 8935 9023 9066 9125 9177 + 10.8%

of which EU-N13 1390 1393 1429 1454 1477 1492 1508 1522 1529 1536 1540 + 10.8%

Imports 75 75 74 74 74 73 73 73 73 73 74 - 1.0%

Exports 806 826 851 890 918 945 972 998 1010 1015 1016 + 26.1%

Consumption 8938 8984 9148 9270 9394 9467 9544 9621 9659 9719 9774 + 9.4%

of which EU15 7637 7679 7815 7905 7997 8038 8081 8124 8128 8154 8176 + 7.1%

of which EU-N13 1301 1305 1333 1365 1397 1429 1463 1496 1531 1564 1598 + 22.8%

per capita consumption 17.57 17.62 17.90 18.09 18.30 18.40 18.51 18.63 18.67 18.76 18.85 + 7.3%

of which EU15 19.01 19.05 19.32 19.48 19.65 19.68 19.74 19.79 19.75 19.77 19.79 + 4.1%

of which EU-N13 12.16 12.22 12.51 12.81 13.13 13.45 13.78 14.12 14.47 14.81 15.16 + 24.6%

EU market price in EUR/t (Cheddar)3620 3220 3243 3291 3379 3460 3482 3494 3504 3489 3489 - 3.6%

World market price in EUR/t 2912 2764 2866 2932 3014 3090 3112 3123 3134 3121 3115 + 7.0%

World market price in USD/t 3784 3751 3890 3992 4118 4233 4301 4353 4397 4391 4397 + 16.2%


EU-28

Romania

Sweden

Slovenia

Slovakia

UK

Austria

Belgium

Bulgaria

Czech Rep

Germany

Denmark

Estonia

Spain

Finland

France

Greece*

EU CHEESE BALANCE SHEET

EU CHEESE MARKET BALANCE, 2013 - 2023

EU CHEESE PRODUCTION 1)

January-October 2013/12

January-October January-November

Croatia*

Hungary

Italy

Lithuania

Latvia

NL

Poland

Portugal

of 44

CHEESE


EU & WORLD CHEESE MARKET PRICES

Up to 19 September 2013

of 44

CHEESE

Source: US ITC Source: Global Trade Information Services

in tonnes 2011 2012Jan-Nov

2012

Jan-Nov

2013% 2013/12 in tonnes 2011 2012

Jan-Nov

2012

Jan-Nov

2013% 2013/12

Italy 28,950 30,579 26,782 26,905 0.5% Germany 66,173 71,624 70,171 52,474 -25.2%

France 22,142 21,072 18,991 21,262 12.0% Lithuania 34,362 39,150 36,511 44,823 22.8%

Netherlands 11,530 11,381 10,130 10,151 0.2% NL 29,138 35,674 30,466 46,264 51.9%

Ireland 5,990 7,543 6,854 6,055 -11.7% Finland 34,027 32,071 33,426 34,400 2.9%

Denmark 6,969 7,128 6,350 7,279 14.6% Poland 12,121 21,645 16,852 26,314 56.1%

Finland 7,234 6,198 5,779 3,476 -39.9% Denmark 8,077 10,602 9,240 14,625 58.3%

Spain 5,081 5,589 5,229 7,472 42.9% France 8,643 8,686 8,851 10,577 19.5%

United Kingdom 4,838 4,898 4,611 5,282 14.5% Italy 6,128 7,701 7,033 8,693 23.6%

Bulgaria 2,887 3,008 2,730 2,392 -12.4% Estonia 6,189 6,601 5,873 7,941 35.2%

Greece 2,598 2,926 2,715 2,843 4.7% Latvia 4,349 4,995 4,266 5,556 30.2%

Germany 2,590 2,367 1,979 3,284 65.9% Czech Rep 484 903 735 1,002 36.3%

Poland 1,796 1,712 1,537 1,266 -17.6% Belgium 463 840 732 886 21.0%

Austria 906 1,017 932 945 1.3% Austria 927 833 838 1,243 48.3%

Belgium 969 689 600 697 16.2% Spain 692 706 633 633 0.0%

Sweden 592 686 629 558 -11.4% UK 686 652 595 1,168 96.3%

Lithuania 229 452 379 1,157 205.6% Sweden 586 489 528 487 -7.8%

Portugal 479 352 318 303 -4.7% Slovakia 282 488 531 409 -23.0%

Cyprus 329 261 251 320 27.6% Ireland 323 471 350 884 152.6%

Estonia 464 191 171 232 35.1% Bulgaria 251 250 248 236 -4.8%

Romania 169 172 165 325 97.6% Greece 155 132 98 173 76.5%

Hungary 86 47 47 56 19.0% Portugal 1 34 14 31 121.4%

Czech Republic 39 39 20 19 0 Cyprus 26 15 23 24 4.3%

Croatia 22 29 28 17 0 Slovenia 11 12 8 26 225.0%

Latvia 3 1 1 0 -1 Hungary 26 3 21 58 176.2%

EU-28 106,893 108,340 97,227 102,293 5.2% Luxemb 4 3 6 0 -100.0%

All origins 142,997 154,013 132,014 134,730 2.1% EU-27 214,124 244,580 228,049 258,927 13.5%

World 295,733 315,988 300,149 332,157 10.7%

US CHEESE IMPORTS FROM THE EU RUSSIA CHEESE IMPORTS FROM THE EU


CHEESE EXPORTS & IMPORTS BY MAJOR WORLD MARKET PLAYERS

of 44

CHEESE


CHEESE IMPORTS BY MAJOR WORLD MARKET PLAYERS

of 44

BUTTER

EU BUTTER PRODUCTION



in 1 000 t Oct in 1 000 t

2012 2013* 13/12 * 13/12 * 2012 2013 13/12

Austria 29.3 28.3 -3.7% +9.8% Austria 32.2 31.4 - 2.4%

Czech Rep 23.1 22.3 -3.4% -2.4% Belgium 53.1 42.3 - 20.4%

Germany 413.0 402.8 -2.5% -3.6% Bulgaria 1.0 1.0 - 3.4%

Denmark 31.8 35.7 +12.3% +6.9% Czech Rep 25.5 24.6 - 3.5%

Spain 31.6 33.5 +5.9% +26.5% Germany 448.2 433.3 - 3.3%

Finland 43.2 44.6 +3.1% +13.3% Denmark 35.1 38.7 + 10.3%

France 341.7 323.5 -5.3% +3.4% Estonia 3.7 2.8 - 24.3%

Hungary 7.5 7.9 +5.3% +4.2% Spain 34.3 36.4 + 5.9%

Ireland 133.3 136.5 +2.4% +42.0% Finland 47.3 48.8 + 3.1%

Italy 78.0 77.1 -1.1% +7.1% France 383.8 363.0 - 5.4%

Lithuania 10.6 11.6 +9.4% +38.7% Greece* 0.8 0.6 - 19.9%

NL 111.1 113.7 +2.3% +27.4% Croatia* 3.7 3.2 - 13.4%

Poland 142.9 141.0 -1.3% +3.6% Hungary 8.1 8.6 + 6.4%

Portugal 24.1 22.1 -8.2% -10.8% Ireland 140.9 146.9 + 4.3%

Sweden 18.3 18.0 -1.3% +5.1% Italy 85.4 85.9 + 0.6%

Slovakia 7.0 7.4 +5.4% +8.4% Lithuania 11.5 12.6 + 9.8%

UK 119.6 143.3 +19.8% +7.1% Latvia 5.1 6.5 + 26.8%

EU-28 1,639 1,635 - 0.2% + 6.4% NL 119.9 123.0 + 2.6%

*) Provisional. Poland 146.3 149.0 + 1.8%

Portugal 26.0 23.4 - 10.0%

Romania 8.3 8.8 + 5.9%

Sweden 20.4 20.3 - 0.7%

Slovenia 2.3 2.1 - 11.2%

Slovakia 7.8 8.2 + 5.5%

UK 130.0 155.9 + 19.9%

EU-28 1,780.6 1,777.1 - 0.2%

* Jan-Oct 2013/12

Source: ZMB EU 27 EU 27 EU 27 EU 27 EU 28 EU 28

2010 2011 2012* 2013** 2013** 2014**

135 50 80 100 100 95

2,010 2,080 2,105 2,070 2075 2115

1,990 2,060 2,085 2,050 2055 2095

20 20 20 20 20 20

40 48 56 45 45 40

Available 2,050 2,128 2,161 2,115 2,120 2,155

161 132 128 120 118 140

1,974 1,966 2,013 2,000 2007 2015

50 80 100 95 95 95

2 1 0 0 0 0

3.9 3.9 4.0 4.0 4.0 4.0

*) Provisional **)Forecast.

in 1 000 t

EU BUTTER PRODUCTION



EU BUTTER BALANCE SHEET

Per capita (kg)

Initial stocks

Total production

in dairies

on farmsImports

Exports

Disappearance

Final stocks

thereof public stocks

page 18 of 44

BUTTER

In €/100 kg

3 13.01 -19.01 403.97 390.00 407.00 387.00 397.30 403.00

2 06.01 -12.01 408.75 399.00 407.00 392.00 407.93 408.00

1 30.12 - 05.01 411.92 401.00 404.00 399.00 413.65 412.00 221.75

53 23.12 - 29.12 413.41 404.00 406.00 420.12 409.00 221.7552 16.12 - 22.12 413.19 410.00 423.11 408.00 221.7551 09.12 - 15.12 415.85 407.50 404.00 409.00 422.17 409.00 221.7550 02.12 - 08.12 415.77 412.50 400.00 412.00 417.53 410.00 221.7549 25.11 - 01.12 415.15 412.50 400.00 412.00 410.04 407.00 221.7548 18.11 - 24.11 412.78 412.50 400.00 412.00 399.68 405.00 221.7547 11.11 - 17.11 409.97 412.50 400.00 410.00 387.19 406.00 221.7546 04.11 - 10.11 408.06 412.50 400.00 410.00 381.97 405.00 221.7545 28.10 - 03.11 408.32 410.00 400.00 410.00 383.24 406.00 221.7544 21.10 - 27.10 411.93 410.00 405.00 416.00 385.57 408.00 221.7543 14.10 - 20.10 415.47 410.00 410.00 420.00 389.40 402.00 221.7542 07.10 - 13.10 418.14 415.00 420.00 391.39 424.00 221.7541 30.09 - 06.10 421.57 425.00 415.00 420.00 393.26 417.00 221.7540 23.09 - 29.09 423.58 427.50 420.00 420.00 395.42 418.00 221.7539 16.09 - 22.09 425.55 427.50 425.00 420.00 396.66 421.00 221.7538 09.09 - 15.09 428.72 430.00 425.00 420.00 414.37 421.00 221.7537 02.09 - 08.09 429.69 430.00 425.00 420.00 410.50 421.00 221.7536 26.08 - 01.09 430.14 430.00 425.00 422.00 401.97 415.00 221.7535 19.08 - 25.08 427.96 430.00 425.00 422.00 403.21 414.00

34 12.08 - 18.08 425.82 425.00 425.00 420.00 391.42 408.00

33 05.08 - 11.08 432.32 420.00 425.00 418.00 394.52 403.00

32 29.07 - 04.08 422.92 420.00 430.00 416.00 385.87 409.00

31 22.07 - 28.07 421.47 420.00 430.00 416.00 381.89 400.00

30 15.07 - 21.07 420.46 420.00 430.00 416.00 378.60 409.00

29 08.07 - 14.07 423.32 420.00 430.00 418.00 383.71 410.00

28 01.07 - 07.07 420.29 420.00 430.00 420.00 370.30 403.00

27 24.06 - 30.06 418.96 420.00 440.00 420.00 372.50 402.00

26 17.06 - 23.06 417.05 415.00 440.00 417.00 370.70 402.00

2013-2014 BUTTER PRICE QUOTATIONS IN SOME MS

Publ.

WeekRef. period BE DE FR NL PL EU

26 17.06 - 23.06 417.05 415.00 440.00 417.00 370.70 402.00

25 10.06 - 16.06 415.13 415.00 440.00 410.00 363.74 402.00

24 03.06 - 09.06 413.38 410.00 440.00 405.00 363.10 394.00

23 27.05 - 02.06 411.21 407.50 430.00 402.00 357.50 397.30

22 20.05 - 26.05 409.76 407.50 440.00 402.00 359.85 397.00

21 13.05 - 19.05 411.54 407.50 440.00 398.00 363.51 395.01

20 06.05 - 12.05 411.05 407.50 435.00 400.00 358.28 393.27

19 29.04 - 05.05 414.17 405.00 435.00 407.00 353.12 389.44

18 22.04 - 28.04 421.48 435.00 407.00 354.15 386.99

17 15.04 - 21.04 416.06 407.50 410.00 407.00 346.71 376.38

16 08.04 - 14.04 389.73 407.50 396.00 400.00 337.67 371.76

15 01.04 - 07.04 368.50 390.00 370.00 375.00 328.59 348.60

14 25.03 - 31.03 356.97 355.00 370.00 357.00 315.72 347.17

13 18.03 - 24.03 345.97 345.00 340.00 345.00 316.58 337.65

12 11.03 - 17.03 341.37 340.00 340.00 336.00 317.67 334.41

11 04.03 - 10.03 340.67 340.00 335.00 333.00 310.77 329.56

10 25.02 - 03.03 338.78 340.00 335.00 330.00 311.83 331.45

9 18.02 - 24.02 339.17 335.00 335.00 330.00 311.18 328.15

8 11.02 - 17.02 339.46 335.00 335.00 330.00 308.25 333.36

7 04.02 - 10.02 341.13 335.00 335.00 330.00 310.58 331.19

6 28.01 - 03.02 340.35 335.00 340.00 330.00 308.71 331.37

5 21.01 - 27.01 339.25 335.00 340.00 330.00 311.72 331.92

4 14.01 - 20.01 339.22 335.00 340.00 330.00 311.61 330.19

3 07.01 - 13.01 340.32 341.00 350.00 330.00 318.89 337.40

2 31.12 - 06.01 345.79 337.50 350.00 330.00 326.26 334.72

1 24.12 - 30.12 348.61 350.00 334.00 328.39 339.49

of 44

BUTTER


EU BUTTER MARKET PRICES


of 44

BUTTER

Source : USDA AMS

in US$/t Price in US$/t Price

Jan 3913 Jan 3350

Feb 3900 Feb 3575

Mar 3683 Mar 4138

Apr 3500 Apr 4588

May 3100 May 4275

Jun 2975 Jun 4096

Jul 2833 Jul 4150

Aug 3013 Aug 3975

Sep 3175 Sep 3975

Oct 3250 Oct 4125

Nov 3250 Nov 4000

Dec 3288 Dec 4275

WORLD MARKET PRICES FOR BUTTER

Reported by Oceania

2012 2013

2500

3000

3500

4000

4500

5000

5500

6000

in U

S$/t

World Butter PriceJan 2012 - Dec 2013

2500

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

5500

in U

S$/t

World Butter PriceJan 2007 - Dec 2013

of 44

BUTTER



WORLD MARKET PRICES FOR BUTTER

of 44

BUTTER

in 1000 t 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 23/13

Production 2265 2326 2312 2312 2312 2313 2315 2314 2314 2315 2312 + 2.1%

of which EU-15 1984 2047 2037 2037 2037 2038 2039 2039 2039 2041 2040 + 2.8%

of which EU-N13 280 278 275 275 275 275 276 275 275 274 272 - 2.8%

Consumption 2215 2210 2216 2213 2214 2215 2216 2216 2217 2219 2221 + 0.3%

of which EU-15 1925 1919 1931 1928 1928 1929 1930 1930 1931 1933 1934 + 0.5%

of which EU-N13 289 291 285 285 285 285 286 286 286 286 286 - 1.2%

per capita consumption (kg) 4.35 4.34 4.34 4.32 4.31 4.30 4.30 4.29 4.28 4.28 4.28 - 1.6%

of which EU-15 4.79 4.76 4.77 4.75 4.74 4.72 4.71 4.70 4.69 4.69 4.68 - 2.3%

of which EU-N13 2.71 2.73 2.68 2.67 2.68 2.68 2.69 2.70 2.70 2.71 2.71 + 0.3%

Imports 18 17 18 18 18 18 18 18 18 18 18 - 4.3%

Exports 119 111 113 117 117 116 117 116 115 114 109 - 8.0%

Ending Stocks 30 51 51 51 51 51 51 51 51 51 51 + 71.4%

of which private 30 51 51 51 51 51 51 51 51 51 51 + 71.4%

of which intervention 0 0 0 0 0 0 0 0 0 0 0

EU market price in EUR/t 3840 2958 3068 3053 3117 3103 3121 3089 3045 2973 2930 - 23.7%

World market price in EUR/t 2636 2332 2425 2423 2472 2457 2471 2437 2400 2340 2287 - 13.3%

World market price in USD/t 3405 3166 3292 3299 3377 3365 3415 3398 3367 3293 3228 - 5.2%

EU intervention price in EUR/t 2218 2218 2218 2218 2218 2218 2218 2218 2218 2218 2218 + 0.0%


EU BUTTER MARKET BALANCE

EU BUTTER MARKET DEVELOPMENTS


of 44

BUTTER



BUTTER EXPORTS & IMPORTS BY MAJOR WORLD MARKET PLAYERS

of 44Page 24 of 44

BUTTER



BUTTEROIL EXPORTS & IMPORTS BY MAJOR WORLD MARKET PLAYERS

of 44Page 25 of 44

BUTTER

Please note that these figures are provisional and are therefore subject to changes.

Situation as of BE DK DE IE ES FR LT NL AT PL SE UK Total

19/01/2014 839 1 114 66 2 747 850

12/01/2014 1 332 1,114 66 3,572 910

05/01/2014 1 586 552 1 150 1 599 0 81 0 3 686 386 0 0 910 9 950

29/12/2013 1 814 1,195 116 3,773 1,212

22/12/2013 1 952 1 261 119 4 610 1 278

15/12/2013 2 324 1 737 162 5 496 1 300

12/12/2013 2 636 2 785 2 693 2 492 0 184 0 6 251 610 0 0 1 400 19 051

03/12/2013 3 035 2 785 3 910 3 481 0 482 0 7 471 627 0 113 1 582 23 486

24/11/2013 3 520 5 716 800 8 651 1 689

17/11/2013 3 786 2 785 7 021 5 449 98 979 0 9 581 627 21 350 1 755 32 452

10/11/2013 4 135 8 001 1 159 11 298 1 819

05/11/2013 4 302 3 636 9 053 6 557 98 1 799 0 12 502 627 63 464 1 879 40 980

27/10/2013 4 443 9 959 2 068 14 225 1 910

20/10/2013 4 739 10 452 3 190 15 445 1 932

13/10/2013 5 131 5 550 11 748 7 812 1 516 4 342 0 17 042 627 84 868 2 053 56 773

06/10/2013 5 620 12 410 5 357 18 696 2 157

01/10/2013 5 637 5 550 13 085 8 637 1 516 6 817 0 20 201 651 84 902 2 179 65 259

22/09/2013 6 409 13 535 8 416 21 974 2 221

19/09/2013 6 936 5 550 13 956 9 342 2 506 9 478 0 23 080 691 84 971 2 221 74 815

08/09/2013 7 123 14 315 11 037 24 566 2 303

03/09/2013 7 284 5 550 14 169 9 342 2 506 12 278 0 25 686 691 84 1 109 2 353 78 699

29/08/2013 7 334 5 550 14 380 9 414 2 506 12 691 346 26 544 717 84 1 196 2 413 83 174

25/08/2013 7 424 14 298 13 001 26 958 2 373

15/08/2013 7 589 5 550 15 953 9 646 2 506 15 145 411 27 841 736 84 1 476 2 453 89 391

Sources: European Commission Single Management Committee communication

- Eucolait survey: BE report reflects the situation on the day following the mentioned date (Mon)

NL report reflects the situation two days before the mentioned date (Friday)

Note: This table of figures will be subject to adjustments over time, and should not be considered as final.

Changes will take into accounts stocks which are subsequently approved, rejected or which have been

removed prior to 16 August 2013.

BUTTER PRIVATE STOCK SITUATION (Tonnes)

of 44

MILK POWDER

EU SMP PRODUCTION



Oct in 1 000 t

in 1000 t 2012 2013* 13/12 * 13/12 * 2012 2013 13/12

Austria 4.1 3.4 - 17.6% - 55.8% Austria 4.5 3.5 - 22.1%

Belgium 89.0 89.1 + 0.1% + 5% Belgium 92.9 99.2 + 6.7%

Czech Rep 13.8 14.3 + 3.4% - 5.6% Czech Rep 15.0 15.5 + 3.4%

Germany 266.8 267.3 + 0.2% + 12% Germany 286.2 288.8 + 0.9%

Denmark 31.8 36.0 + 13.2% + 63.3% Denmark 35.5 41.3 + 16.3%

Spain 21.8 14.2 - 34.7% - 68% Spain 21.9 14.2 - 35.0%

France 268.7 230.3 - 14.3% + 25.0% France 323.8 284.7 - 12.1%

Lithuania 16.7 17.2 + 2.7% + 88.0% Ireland 44.6 36.2 - 18.9%

NL 56.0 54.4 - 2.9% + 29.5% Lithuania 17.2 19.3 + 12.3%

Poland 92.1 83.9 - 9.0% - 6.9% NL 60.1 59.3 - 1.3%

Portugal 8.8 6.0 - 32.1% - 32.9% Poland 98.3 89.8 - 8.6%

Sweden 21.0 25.6 + 21.8% + 207.1% Portugal 9.0 5.5 - 38.9%

EU 28 999 938 - 6.1% + 16.3% Roumania 0.912 1.256 + 37.7%

*) Provisional. Sweden 23.3 28.3 + 21.4%

Slovakia 1.5 1.0 - 30.0%

EU-28 1,034.7 987.9 - 4.5%

EU 27 EU 27 EU 27 EU 27 EU 28 EU 28

2010 2011 2012* 2013** 2013** 2014**

Opening stocks 355 260 152 50 50 45

Production 1,080 1,220 1,230 1,180 1,180 1,250

Imports 4 0 2 5 5 5

Available 1,439 1,480 1,384 1,235 1,235 1,300

Consumption 800 810 810 780 783 780

- other than feed 635 635 650 660 663 680

- in feed 165 175 160 120 120 100

Exports 379 518 523 410 407 470

Ending stocks 260 152 50 45 45 50

- in intervention 195 54 0 0 0 0

*)Provisional **)Forecast. Source: ZMB

in 1000 t

EU SMP PRODUCTION



EU SMP BALANCE SHEET

of 44

MILK POWDER

Source: ZMBin 1000 t Oct1) 2012 2013* 13/12 * 13/12 *Belgium 41.2 37.4 - 9.3% + 23.5%Germany 74.0 90.9 + 22.9% + 56.3%Denmark 58.1 43.4 - 25.3% - 67.2%Spain 1.4 5.0 + 257.1% + 400.0%France 94.6 88.2 - 6.7% - 8.6%Netherlands 100.1 105.4 + 5.3% + 1.0%Poland 26.2 27.1 + 3.6% + 75.8%Sweden 29.2 35.7 + 22.3% + 248.4%EU-28 515 522 + 1.5% + 8.1%*) Provisional. 1) Milk powder with more than 1.5% fat.

EU 27 EU 27 EU 27 EU 27 EU 28 EU 28

in 1000 t 2010 2011 2012* 2013** 2013** 2014**

Production 760 750 715 710 710 750Imports 2 2 2.7 3 3 3Exports 447 390 388 380 378 410Change in stocks -20 25 -20 -10 -10 0Sales 335 337 350 343 345 343*)Provisional **)Forecast. Source: ZMB

Source: ZMBOct

in 1000 t 2012 2013* 13/12 * 13/12 *Czech Rep. 13.0 9.2 - 29.1% - 17.5%Germany 370.9 332.6 - 10.3% - 9.7%Spain 44.8 59.9 + 33.7% + 22.6%Netherlands 307.9 304.2 - 1.2% - 16.6%UK 88.7 83.3 - 6.0% .EU-5 885.9 842.4 - 4.9% - 9.6%

EU 27 EU 27 EU 27 EU 27 EU 28 EU 28

in 1000 t 2010 2011 2012* 2013** 2013** 2014**

Production 1,130 1,120 1190 1150 1150 1160Imports 3 1 1 1 0.8 1Exports 244 246 292 265 265 275Change in stocks -5 -15 0 0 0 0Consumption 895 890 899 886 885.8 886*)Provisional **)Forecast. Source: ZMB

Source: ZMB

in 1000 t 2012 2013* 13/12 *Austria 30.4 33.4 + 9.6%Germany 316.7 288.7 - 8.8%France 503.0 519.0 + 3.2%EU-3 850.1 841.0 - 1.1%

EU 27 EU 27 EU 27 EU 28 EU 28

in 1000 t 2010 2011* 2012* 2013** 2014**

Production 1900 1920 2000 2000 2050Imports 5 6 7.2 8 8Exports 396 451 491 500 550Stock change 30 -10 20 10 10Consumption 1479 1484 1496 1498 1498 - in milk replacers 920 890 870 850 820 - other use 559 594 626 648 678*)Estimated. **)Forecast. Source: ZMB

January-October

EU WMP PRODUCTION 1)


January-October

EU WMP BALANCE SHEET

EU PRODUCTION OF CONDENSED MILKJanuary-October 2013/12

January-October

*) Provisional.

EU BALANCE SHEET FOR CONDENSED MILK

EU PRODUCTION OF WHEY POWDERJanuary-October 2013/12

*) Provisional.

EU BALANCE SHEET FOR WHEY POWDER

of 44

MILK POWDER

EU WMP PRODUCTION EU PRODUCTION OF FERMENTED MILKJanuary-November 2013/12 January-November 2013/12

Source: Eurostat Source: Eurostatin 1 000 t in 1 000 t

2012 2013 13/12 2012 2013 13/12Austria 0.1 0.4 + 278.2% Austria 252.2 249.1 - 1.2%Belgium 43.8 41.4 - 5.4% Belgium 243.1 224.1 - 7.8%Czech Rep 11.1 11.7 + 5.2% Bulgaria 132.1 129.7 - 1.8%Germany 80.8 101.6 + 25.8% Czech Rep 158.2 165.6 + 4.7%Denmark 97.8 86.0 - 12.1% Germany 1,706.8 1,699.1 - 0.5%Spain 1.6 5.4 + 230.5% Denmark 103.4 97.1 - 6.1%France 103.4 97.5 - 5.7% Estonia 36.4 36.0 - 1.1%Lithuania 2.0 0.3 - 83.8% Spain 737.0 727.0 - 1.4%NL 109.4 115.3 + 5.4% Finland 191.3 187.2 - 2.1%Poland 28.3 30.4 + 7.5% France 1,527.3 1,484.2 - 2.8%Portugal 7.2 7.6 + 4.7% Greece* 75.0 73.7 - 1.8%Romania 1.0 0.6 - 39.0% Croatia* 69.2 64.1 - 7.3%Sweden 32.7 38.7 + 18.4% Hungary 141.9 136.1 - 4.1%Slovakia 2.3 3.5 + 49.4% Italy 343.0 305.6 - 10.9%

EU-28 521.5 540.4 + 3.6% Lithuania 70.3 75.1 + 6.8%Table covers milk powder cream, Latvia 34.0 44.5 + 31.1%WMP & partly skimmed milk powder NL 298.1 285.4 - 4.3%

Poland 510.3 492.4 - 3.5%Portugal 105.5 114.9 + 8.9%Romania 142.3 153.9 + 8.1%Sweden 236.2 226.4 - 4.1%

EU PRODUCTION OF CONCENTRATED MILK Slovenia 31.7 32.7 + 2.9%January-November 2013/12 Slovakia 58.3 59.4 + 1.9%

Source: Eurostat UK 247.0 260.9 + 5.6%in 1 000 t EU-28 7,450.6 7,324.2 - 1.7%

2012 2013 13/12 * Jan-Oct 2013/12

Belgium 87.0 76.4 - 12.1%Czech Rep 14.0 10.3 - 26.7%Germany 408.9 364.8 - 10.8%Spain 50.6 66.3 + 31.2%France 42.4 77.1 + 81.7% EU PRODUCTION OF DRINKING MILKGreece* 17.5 13.3 - 24.4% January-November 2013/12Lithuania 22.1 12.8 - 42.3% Source: EurostatNL 338.6 333.4 - 1.5% in 1 000 tPoland 33.4 32.9 - 1.2% 2012 2013 13/12EU-28 1,014.5 987.3 - 2.7% Austria 701.8 717.8 + 2.3%* Jan-Oct 2013/12 Belgium 641.7 693.4 + 8.1%

Bulgaria 62.5 64.8 + 3.7%Czech Rep 686.9 589.7 - 14.2%Germany 4,814.1 4,718.3 - 2.0%

EU PRODUCTION OF CREAM FOR DIRECT CONSUMPTION Denmark 452.7 449.3 - 0.8%January-November 2013/12 Estonia 78.8 80.1 + 1.6%

Source: Eurostat Spain 3,301.1 3,287.0 - 0.4%in 1 000 t Finland 672.6 672.2 - 0.1%

2012 2013 13/12 France 3,244.0 3,261.3 + 0.5%Austria 56.9 63.6 + 11.8% Greece* 380.7 379.5 - 0.3%Belgium 163.4 176.7 + 8.1% Croatia* 250.8 172.1 - 31.4%Bulgaria 1.9 1.9 - 2.6% Hungary 359.6 375.8 + 4.5%Czech Rep 43.2 46.4 + 7.4% Ireland 460.3 452.5 - 1.7%Germany 494.1 500.5 + 1.3% Italy 2,344.3 2,292.5 - 2.2%Denmark 56.2 49.6 - 11.7% Lithuania 84.7 89.0 + 5.1%Estonia 24.4 29.0 + 18.9% Latvia 60.5 59.6 - 1.4%Spain 163.5 121.4 - 25.8% Poland 1,375.3 1,443.6 + 5.0%Finland 58.6 58.9 + 0.5% Portugal 786.3 767.0 - 2.5%France 461.0 446.4 - 3.2% Romania 190.9 199.3 + 4.4%Greece* 11.4 8.6 - 24.9% Sweden 792.1 771.53 - 2.6%Croatia* 21.8 20.9 - 4.6% Slovenia 137.3 139.3 + 1.5%Hungary 4.4 4.6 + 5.3% Slovakia 289.0 293.7 + 1.6%Ireland 9.2 9.9 + 7.3% UK 6,328.7 6,335.4 + 0.1%Italy 113.4 100.2 - 11.7% EU-28 28,496.9 28,304.5 - 0.7%Lithuania 2.7 2.5 - 8.8% * Jan-Oct 2013/12

Latvia 32.3 32.8 + 1.6%Poland 225.1 227.5 + 1.0%Portugal 16.8 17.4 + 3.1%Romania 43.2 48.1 + 11.3%Sweden 102.0 92.5 - 9.3%Slovenia 12.3 11.6 - 5.5%Slovakia 29.0 29.6 + 2.2%UK 230.7 240.2 + 4.1%EU-28 2,377.8 2,340.6 - 1.6%* Jan-Oct 2013/12

January-November

January-November January-November

January-November

January-November

of 44

MILK POWDER

In €/100 kg

BE DE FR NL PL DE FR NL

3 13.01-19.01 333.13 328.50 326.80 330.00 323.60 311.50 310.00

2 06.01 -12.01 333.27 327.50 327.80 330.00 316.01 311.50 310.00

1 30.12 - 05.01 334.03 327.50 321.00 330.00 322.82 311.50 311.00

53 23.12 - 29.12 330.71 331.20 330.00 318.67 311.00

52 16.12 - 22.12 331.35 321.70 320.60

51 09.12 - 15.12 330.65 327.50 333.80 330.00 321.12 313.00 311.10 318.00

50 02.12 - 08.12 326.88 326.00 329.20 332.00 308.31 317.00 322.00

49 25.11 - 01.12 323.06 321.00 319.80 330.00 311.85 312.00 320.00

48 18.11 - 24.11 317.29 318.00 316.80 325.00 304.28 304.50 311.00

47 11.11 - 17.11 314.20 313.00 306.20 315.00 303.33 290.00 299.50 301.00

46 04.11 - 10.11 311.68 313.00 300.80 310.00 302.99 296.00 298.00

45 28.10 - 03.11 312.49 312.50 296.50 306.00 309.81 296.00 296.00

44 21.10 - 27.10 314.22 313.50 300.50 304.00 305.73 296.00 296.00

43 14.10 - 20.10 315.86 317.00 303.50 307.00 309.90 297.50 296.00

42 07.10- 13.10 315.28 321.00 303.50 307.00 310.25 300.00 296.00

41 30.09 - 06.10 319.88 321.00 302.10 307.00 316.23 302.50 296.00

40 23.09 - 29.09 326.16 321.00 304.50 310.00 317.44 302.50 305.40 300.00

39 16.09 - 22.09 329.34 325.00 327.80 315.00 319.39 312.50 305.00

38 09.09 - 15.09 333.14 330.00 326.00 320.00 324.81 317.50 308.00

37 02.09 - 08.09 335.39 331.50 336.60 324.00 310.95 320.00 316.00

36 26.08 - 01.09 334.46 331.50 331.10 327.00 302.35 321.00 320.00

35 19.08 - 25.08 331.95 331.50 329.10 328.00 305.38 320.00 324.00

34 12.08 - 18.08 329.17 330.00 321.10 326.00 301.89 317.50 322.00

33 05.08 - 11.08 326.18 325.00 322.30 320.00 304.61 312.50 316.00

32 29.07 - 04.08 325.14 321.00 317.30 317.00 306.92 306.50 309.00

31 22.07 - 28.07 324.05 320.00 314.40 317.00 306.60 306.50 314.40 307.00

30 15.07 - 21.07 322.28 317.50 318.40 315.00 307.01 302.50 309.40 305.00

29 08.07 - 14.07 323.19 317.50 312.30 312.00 301.76 302.50 312.70 305.00

2013-2014 SMP PRICE QUOTATIONS IN SOME MS

Publ.

weekweek

FOOD FEED

29 08.07 - 14.07 323.19 317.50 312.30 312.00 301.76 302.50 312.70 305.00

28 01.07 - 07.07 321.02 317.50 309.30 309.00 298.79 302.50 303.00

27 24.06 - 30.06 321.06 317.50 314.20 308.00 301.67 299.50 303.40 303.00

26 17.06 - 23.06 322.11 317.50 315.30 308.00 294.78 299.50 303.40 302.00

25 10.06 - 16.06 322.04 317.50 319.60 310.00 294.49 299.50 300.00

24 03.06 - 09.06 321.00 317.50 314.50 310.00 295.87 299.50 300.00

23 27.05 - 02.06 323.83 319.00 307.90 310.00 297.19 299.50 300.00

22 20.05-26.05 324.21 319.00 314.90 308.00 295.27 299.50 300.00

21 13.05-19.05 325.33 319.00 299.90 308.00 300.68 297.50 295.00

20 06.05-12.05 329.86 319.00 294.80 314.00 294.45 297.50 300.00

19 29.04-05.05 330.10 320.00 323.20 324.00 285.28 305.00 305.00

18 22.04-28.04 330.35 304.00 324.00 283.58 305.00

17 15.04-21.04 329.04 320.00 305.40 324.00 280.94 305.00 310.00

16 08.04-14.04 315.58 305.00 309.50 320.00 275.59 295.00 305.00

15 01.04 - 07.04 295.25 292.50 290.40 300.00 268.07 280.00 291.00

14 25.03 - 31.03 284.52 280.00 276.70 285.00 258.89 267.50 267.10 273.00

13 18.03 - 24.03 277.29 273.50 270.40 277.00 256.84 257.50 266.00

12 11.03 - 17.03 274.24 267.50 265.50 269.00 257.95 252.50 249.30 256.00

11 04.03 - 10.03 273.23 263.50 260.60 264.00 255.10 246.50 246.00 251.00

10 25.02 - 03.03 270.35 262.00 263.60 260.00 259.80 246.50 243.30 247.00

9 18.02 - 24.02 271.33 262.00 260.50 258.00 259.92 246.50 250.00

8 11.02 - 17.02 271.48 265.00 266.90 259.00 261.25 247.50 251.00

7 04.02 - 10.02 273.75 267.50 266.00 261.00 260.58 252.50 255.00

6 28.01 - 03.02 274.42 268.50 269.80 265.00 256.21 255.50 258.00

5 21.01 - 27.01 273.51 268.50 271.40 266.00 251.73 255.50 258.00

4 14.01 - 20.01 274.55 268.50 262.70 266.00 252.59 255.50 260.00

3 07.01 - 13.01 274.85 268.50 263.30 266.00 259.45 254.00 259.60 260.00

2 31.12 - 06.01 275.71 267.00 269.40 264.00 254.54 252.00 257.00

1 24.12 - 30.12 276.18 280.00 264.00 260.57 254.00

of 44

MILK POWDER


EU MARKET PRICES FOR SMP, WMP & WHEY POWDER

of 44

MILK POWDER

Source : USDA AMS

in US$/t SMP WMP in US$/t SMP WMP

Jan 3,425 3,619 Jan 3,450 3,350

Feb 3,369 3,575 Feb 3,588 3,538

Mar 3,225 3,496 Mar 4,019 4,525

Apr 3,025 3,294 Apr 5,394 5,550

May 2,806 3,000 May 4,738 5,319

Jun 2,863 2,800 Jun 4,408 4,850

Jul 2,825 2,863 Jul 4,550 4,913

Aug 3,063 3,013 Aug 4,675 4,975

Sep 3,325 3,194 Sep 4,619 5,019

Oct 3,400 3,300 Oct 4,500 5,125

Nov 3,363 3,375 Nov 4,625 4,956

Dec 3,400 3,338 Dec 4,738 5,069

WORLD MARKET PRICES FOR SMP & WMP

Reported by Oceania

2012 2013

3000

3500

4000

4500

5000

5500

6000

World market prices for SMP & WMPJan 2012 - Dec 2013

in U

S$

/t

1500

20002500

3000

35004000

4500

50005500

Series1 Series2

World market prices for SMP & WMPJan 2007 - Dec 2013

in U

S$

/t

2500

3000

Series1 Series2

of 44

MILK POWDER



EU/US/OCEANIA QUOTATIONS OF SMP & WMP


of 44

MILK POWDER

WORLD MARKET PRICES FOR SMP & WMP

of 44

MILK POWDER

Source: ZMBin €/t Dutch German French in €/t Dutch German French

12.09.12 1,030 1,000 1,000 15.05.13 980 960 970

19.09.12 1,020 990 1,000 22.05.13 980 960 970

26.09.12 1,000 980 1,000 29.05.13 980 960 960

03.10.12 990 980 1,000 05.06.13 980 960 980

10.10.12 950 960 960 12.06.13 990 960 960

17.10.12 950 940 950 19.06.13 990 960 960

24.10.12 940 930 935 26.06.13 940 950 950

31.10.12 950 940 950 03.07.13 960 940 950

07.11.12 980 970 960 10.07.13 960 940 940

14.11.12 990 970 960 17.07.13 960 930 940

21.11.12 990 970 980 24.07.13 980 960 990

28.11.12 1,000 980 990 31.07.13 1,010 970 990

05.12.12 1,010 970 990 07.08.13 1,010 1,000 990

12.12.12 1,010 970 990 14.08.13 1,020 1,010 990

19.12.12 1,010 980 990 21.08.13 1,030 1,010 1,010

26.12.12 n. not. n. not. 1,000 28.08.13 1,030 1,010 1,010

02.01.13 1,020 n. not. 1,000 04.09.13 1,000 990 980

09.01.13 1,020 990 1,000 11.09.13 980 980 980

16.01.13 1,020 980 980 18.09.13 970 950

23.01.13 990 960 960 25.09.13 950 930 925

30.01.13 950 950 960 02.10.13 920 910 925

06.02.13 910 930 930 09.10.13 920 910 920

13.02.13 880 870 890 16.10.13 920 910 920

20.02.13 880 840 865 23.10.13 920 920 920

27.02.13 860 840 865 30.10.13 920 920 920

06.03.13 860 840 870 06.11.13 930 920 920

13.03.13 890 860 900 13.11.13 940 920 940

20.03.13 910 890 930 20.11.13 950 950 950

27.03.13 960 940 960 27.11.13 980 970 970

03.04.13 990 980 1,025 4.12.13 990 970 970

10.04.13 1,040 1,060 1,050 11.12.13 1,000 970 970

17.04.13 1,060 1,050 1,050 18.12.13 990 970 970

24.04.13 1,050 1,030 1,050 25.12.13 n. not. n. not. 970

01.05.13 1,010 990 1,000 01.01.14 990 n. not. 970

08.05.13 990 960 980 08.01.14 1,000 985 1,000

EUROPEAN WHEY POWDER PRICES

08.05.13 990 960 980 08.01.14 1,000 985 1,000

300400500600700800900

10001100120013001400

in €

/t

European whey powder pricesJan 2007 - Jan 2014

Dutch German French

700

750

800

850

900

950

1000

1050

1100

in €

/t

European whey powder pricesJan 2012 - Jan 2014

Dutch German French

of 44

MILK POWDER

in 1000 t 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 23/13

Production 1058 1121 1195 1210 1224 1229 1233 1237 1248 1250 1253 + 18.4%

of which EU-15 905 971 1026 1038 1050 1052 1053 1055 1064 1063 1063 + 17.5%

of which EU-N13 153 150 169 172 175 178 180 182 184 187 190 + 24.0%

Consumption 671 662 621 606 609 611 614 616 617 618 619 - 7.8%

of which EU-15 582 577 542 526 529 531 534 537 538 539 540 - 7.2%

of which EU-N13 90 84 80 80 80 79 79 79 79 79 79 - 11.8%

Imports 4 4 3 3 3 3 3 3 3 3 3 - 21.1%

Exports 403 454 576 607 619 622 623 624 634 635 637 + 58.2%

Ending Stocks 50 60 60 60 60 60 60 60 60 60 60 + 20.0%

of which private 50 60 60 60 60 60 60 60 60 60 60 + 20.0%

of which intervention 0 0 0 0 0 0 0 0 0 0 0





in 1000 t 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 23/13

Production 678 647 647 642 636 631 627 622 618 614 604 - 10.8%

of which EU-15 620 591 591 587 581 576 572 568 564 561 552 - 11.1%

of which EU-N13 57 56 56 56 55 55 55 54 54 54 53 - 8.0%

Consumption 288 292 291 291 291 291 291 291 291 291 292 + 1.4%

of which EU-15 251 256 256 256 256 256 256 256 256 256 256 + 2.2%

of which EU-N13 37 36 35 35 35 35 35 35 35 35 35 - 4.1%

Imports 4 4 3 3 3 3 3 3 3 3 3 - 16.7%

Exports 394 359 359 355 348 343 339 334 330 326 316 - 19.8%


World market price in EUR/t 2693 2632 2635 2637 2711 2734 2752 2732 2727 2705 2683 - 0.4%



in 1000 t 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 23/13

Production 1887 1920 1971 2002 2040 2065 2094 2119 2131 2143 2151 + 14.0%

of which EU-15 1633 1664 1709 1733 1766 1788 1813 1836 1848 1859 1867 + 14.4%

of which EU-N13 255 255 262 269 275 277 281 283 283 283 284 + 11.5%

Consumption 1402 1417 1415 1421 1422 1431 1437 1446 1451 1457 1461 + 4.2%

Imports 77 86 88 91 94 97 100 103 106 109 112 + 45.5%

Exports 562 589 645 672 712 732 757 776 786 795 802 + 42.7%





EU SMP MARKET BALANCE

EU SMP MARKET DEVELOPMENTS


EU WMP MARKET BALANCE

EU WHEY MARKET BALANCE

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MILK POWDER



SMP EXPORTS & IMPORTS BY MAJOR WORLD MARKET PLAYERS

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MILK POWDER



WMP EXPORTS & IMPORTS BY MAJOR WORLD MARKET PLAYERS


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MILK POWDER


MAIN WHEY IMPORTERS

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CASEIN

Source: USDA AMS

US$/lb Rennet Acid US$/lb Rennet Acid

Jan 4.7500 5.0250 Jan 4.1600 4.6250

Feb 4.6750 4.9600 Feb 4.2500 4.6750

Mar 4.6000 4.9600 Mar 4.2500 4.6750

Apr 4.5000 4.7500 Apr 4.5063 4.7563

May 4.3250 4.6000 May 4.5650 4.8750

Jun 4.3250 4.6000 Jun 4.6750 5.0000

Jul 4.0750 4.4250 Jul 4.8000 5.0500

Aug 4.0750 4.4250 Aug 4.8250 5.0750

Sep 4.0750 4.4875 Sep 4.8625 5.1250

Oct 4.0500 4.5900 Oct 4.8500 5.1000

Nov 4.0500 4.6000 Nov 4.8500 5.1000Dec 4.0500 4.6000 Dec 4.8500 5.1000

EVOLUTION OF CASEIN PRICES ON THE US MARKET

2012 2013

4.2

4.4

4.6

4.8

5

5.2

5.4

in U

S$/l

b

World Casein priceJan 2012 - Dec 2013

2.5

3

3.5

4

4.5

5

5.5

6

6.5

in U

S$/l

b

World Casein priceJan 2007- Dec 2013

Rennet Acid

4

4.2

Rennet Acid

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CASEIN

WORLD MARKET PRICES FOR RENNET CASEIN & MPC70

in 1000 t 2012 2013* 13:12 *

Germany 13 . .

France 31 33 + 7.5%

EU-2 44 . .

*) Provisional Source: ZMB

2011* 2012* 2013** 2014**

EU27 EU27 EU28 EU28

145 135 140 145

25 28 23 23

79 81 70 75

-5 -10 0 0

97 92 93 93

*) Estimated. **) Forecast. 1) Partly estimated. Source: ZMB

2) Total stocks (manufacturers and users)

EU CASEIN PRODUCTION

Stock change2)

Consumption

January-October

EU CASEIN BALANCE SHEET

in 1000 t

Production1)

Import

Export

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CASEIN

Source: Eurostat/COMEXT

CN position 3501 10

in tonnes EU-27 DE PL NL FR IT LV BE ES HR SK AT CZ IE SE UK

New Zealand 4,915 3,631 928 95 261

Ukraine 3,141 944 1,503 240 152 255 21 16 10

Belarus 3,051 1,306 1,047 580 98 20

India 2,032 500 1,288 156 88

China 614 71 200 60 247 14 22

USA 238 24 0.7 0.1 198 13.6 1.4

Russia 119 79 20 20

Australia 40 40

Hong Kong 0.7 0.7

Norway 0.4 0.3 0.1

2013 (Jan-Nov) Total 14,151 6,594 4,039 1,829 768 363 275 198 22 21 16.0 14 10 1.7 0.8

2012 (Jan-Nov) Total 21,986 9,803 8,657 1,325 599 773 220 291 154 18 50 15.0 81 0.1 0.2

in tonnes Total DE PL NL IT FR BE LV ES IE SK CZ UK SE

Belarus 7,116 2,196 4,300 420 121 80

New Zealand 6,467 4,939 303 468 598 123 36

Ukraine 6,055 2,020 3,180 480 169 140 50 15

China 1,676 684 456 19 127 206 184

India 827 130 528 48 22 100

USA 203 26 2 0.4 173 0.2

Argentina 200 200

Russia 150 40 38 40 32

Turkey 66 66

Japan 13 0.7 13

Norway 2.8 3 0.1

Switzerland 0.3 0.2 0.1

2012 (Jan-Dec) Total 22,776 10,235 8,805 1,430 773 673 309 220 184 81 50 15 0.2 0.1

in tonnes Total DE PL NL IT LV FR IE BE ES SK CZ SI AT UK

Belarus 7,374 3,376 3,133 560 120 175 10

Ukraine 6,300 2,465 2,313 300 961 209 30 12 10

New Zealand 2,053 709 345 945 19 36

China 1,852 861 628 114 179 70

India 1,555 1,193 240 65 57

Russia 388 100 80 180 28

Mexico 105 105

Norway 83 83 0.5

Australia 34 34

USA 29 4 0.1 0.2 0.3 25 0.2

Turkey 14 14

Morocco 8 8

Japan 4 4

Switzerland 1 0.5 0.1 0.4

Canada 1 0.5

Singapore 0 0.1

2011 (Jan-Dec) Total 19,800 8,790 6,395 1,420 1,124 1,081 674 109 75 70 30 22 10 0.4 0.2

EU IMPORTS OF CASEIN FROM THIRD COUNTRIES


Full year 2012

Full year 2011

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CASEIN

Source: Eurostat

CN position 3501 90 90

in tonnes Total NL ES DE UK PL DK BU AT SE FR SL IT BE HR FI IE

Australia 65 43 21.9

New Zealand 3,485 2,133 931 414 6.6

USA 114 0.3 110 3.7 0.2

Japan 15.5 16

China 11.3 11 0.1 0.1

Switzerland 3.4 0.7 0.2 1.6 0.9

Bosnia & Herzegovina 0.7 0.7

India 0.1 0.1

Taiwan 0.1 0.1

2013 (Jan-Nov) Total 3,695 2,134 931 567 31 22 6.6 1.6 0.9 0.7 0.4 0.1 0.0

2012 (Jan-Nov) Total 4,104 2,329 967 712 7.1 6.7 0.9 0.1 66 11 2.4 0.6 0.1 0.1

in tonnes Total NL ES DE FR IT UK PL BE AT FI IE SE

New Zealand 4,168 2,544 1,036 577 11

Australia 34 27 7

USA 88 0.4 85 2.4 0.9

Japan 66 66

India 23 23

Switzerland 13 0.6 0.1 11 0.9

China 7 0.3 5.5 2 0.1

Hong Kong 0.1 0.1

Turkey 0.1 0.1

Taiwan 0.1 0.1

2012 (Jan-Dec) Total 4,399 2,546 1,036 723 66 11 8 7 2 0.9 0.1 0.1 0.1

in tonnes Total NL ES DE IT UK BE FR BG IE GR PL

New Zealand 5,686 3,935 1,490 238 22

USA 120 0.6 115 0.7 3.0

Australia 78 77 1.0

India 66 65 0.1

Ukraine 40 40

China 18 16 0.5 0.2 1.0 0.3

Switzerland 8 0.1 7.4

Serbia 0.2 0.2

Mexico 0.1 0.1

2011 (Jan-Dec) Total 6,014 3,936 1,490 544 22 16 4 1 1 0.3 0 0

EU IMPORTS OF CASEINATES FROM THIRD COUNTRIES

Full year 2012

Full year 2011


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CASEIN

Source: US ITC


2012

Jan-Nov

2013% 2013/12 in tonnes 2011 2012

Jan-Nov

2012

Jan-Nov

2013% 2013/12

New Zealand 16,155 21,786 19,660 18,176 -7.5% Netherlands 8,117 10,063 9,275 11,707 26.2%

Ireland 11,647 10,264 9,775 6,149 -37.1% New Zealand 13,135 9,932 9,350 7,367 -21.2%

India 4,486 4,922 4,344 6,914 59.2% Poland 6,108 4,360 3,986 7,475 87.5%

Uruguay 46 3,059 3,059 1,774 -42.0% Germany 4,711 4,314 3,733 3,763 0.8%

France 2,459 3,014 2,872 1,765 -38.6% France 689 2,601 2,423 862 -64.4%

Argentina 3,411 2,223 2,185 3,116 42.6% Denmark 2,326 2,156 1,975 1,540 -22.0%

Poland 774 1,368 1,258 187 -85.1% Argentina 7,046 1,919 1,330 475 -64.3%

China 74 631 431 100 -76.8% India 244 612 442 204 -53.8%

Ukraine 183 253 253 154 -38.8% Australia 1,182 457 457 958 109.7%

Belarus 1,670 195 195 0 -100.0% Ireland 1,995 399 399 54 -86.6%

Germany 1,157 158 158 214 35.6% UK 85 229 229 0 -100.0%

Netherlands 153 129 129 10 -92.2% Belgium 0 19 19 0 -100.0%

Australia 258 109 109 0 -100.0% China 0 0 0 137 N/A

UK 0 20 20 0 -100.0% Portugal 0 0 0 1 N/A

Malaysia 0 0 0 71 N/A Japan 0 0 0 0 N/A

Other origins 0 0 0 21 N/A Other origins 370 0 0 0 N/A

Total 42,472 48,130 44,447 38,651 -13.0% Total 46,008 37,061 33,618 34,543 2.8%

From EU-28 16,190 14,953 14,212 8,325 -41.4% From EU-27 24,031 24,141 22,039 25,402 15.3%


2012

Jan-Nov

2013% 2013/12 in tonnes 2011 2012

Jan-Nov

2012

Jan-Nov

2013% 2013/12

Australia 7,006 5,922 5,694 5,016 -11.9% New Zealand 40,089 47,339 42,385 36,985 -12.7%

New Zealand 3,039 2,967 2,638 2,409 -8.7% Canada 144 771 659 364 -44.7%

India 457 1,462 1,342 907 -32.4% Australia 712 282 282 633 124.4%

Ireland 1,204 1,137 1,026 735 -28.3% India 113 226 226 0 -100.0%

France 284 784 760 453 -40.3% Denmark 21 42 42 68 60.6%

Germany 166 326 308 113 -63.2% Germany 20 8 8 8 -0.5%

Belarus 0 273 273 117 -57.1% Italy 0 3 3 0 -98.2%

Poland 39 161 161 0 -100.0% Mexico 0 1 1 0 -100.0%

China 265 154 134 78 -41.5% France 0 0 0 1 N/A

Mexico 0 139 139 0 -100.0% UK 0 0 0 0 N/A

Argentina 285 133 133 0 -100.0% France 0 0 0 0 N/A

Ukraine 0 39 39 214 N/A Hungary 0 0 0 0 N/A

Latvia 0 0 0 20 N/A China 0 0 0 0 N/A

Russia 0 0 0 20 N/A Other origins 0 0 0 0 N/A

Total 12,745 13,497 12,647 10,082 -20.3% Total 41,099 48,672 43,606 38,059 -12.7%

From EU-27 1,693 2,408 2,255 1,321 -41.4% From EU-27 41 53 53 77 45.3%

US IMPORTS OF CASEIN CASEINATES AND MPCs

Casein (3501 10 5000) Caseinates (3501 90 6000)

High protein level MPC's (3501 10 1000) Low protein level MPC's (0404 90 1000)

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