DG AGRI DASHBOARD: DAIRY PRODUCTS Last update : 30.09.2020
EU* = EU without UK
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
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11
Jan
12
Jan
13
Jan
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15
Jan
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Jan
17
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19
Jan
20
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*
Pric
es
GD
T A
uct
ion
EU*
Pro
du
ctio
ns
EU+U
K T
rade
+2.0% +1.6% +1.9%
+4.7%
+0.1% +0.7%
+3.7%
+0.0%
+2.0%
- 4%
+ 0%
+ 4%
+ 8%EU* Productions (Jan-Jul 2020 compared to Jan-Jul 2019)
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
+ 1.5%
- 1.9 %
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
EU* 203 + 27% 776 + 2% 520 - 12% 208 + 13%
New Zealand 262 - 9% 192 - 8% 219 - 5% 875 - 3%
United States 16 - 14% 224 + 1% 487 + 29% 24 + 25%
Belarus 40 - 4% 149 + 11% 72 + 4% 16 + 16%
United Kingdom 36 - 22% 98 - 6% 39 - 29% 23 - 23%
Australia 7 - 45% 89 - 3% 74 - 11% 20 - 22%
Jan-Jul 2020 compared
to 2019
MAIN EXPORTING THIRD COUNTRIES
BUTTER(OIL) CHEESE S.M.P. W.M.P.
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
Qty in
ktons
%
2020
/19
China 77 + 46% 78 + 17% 192 - 10% 454 + 1%
United Kingdom 40 - 22% 248 - 14% 18 + 59% 15 - 21%
Russiaup to
Jun 63 + 12% 135 + 3% 28 - 43% 16 - 39%
Japan 12 - 21% 170 - 5% 25 - 13% 1 + 151%
EU* 31 - 43% 115 - 2% 24 - 30% 14 - 46%
Indonesia 9 - 24% 16 - 6% 122 + 11% 27 - 16%
W.M.P.Jan-Jul 2020 compared
to 2019
MAIN IMPORTING THIRD COUNTRIES
BUTTER(OIL) CHEESE S.M.P.
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
2017201820192020
Jan-Jul 2020/19 : + 2.0%
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
1 200
Jul
Aug Se
p
Oct
Nov Dec Jan
Feb
Mar
Apr
May Jun
in 1000 tonnes
Australian milk production
2017/18
2018/19
2019/20
2020/21
Jul 2020/21 compared to 2019/20 : + 3.0%
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
2017/18
2018/19
2019/20
2020/21
Jun-Jul 2020/21 compared to 2019/20 : + 3.2%
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
2017
2018
2019
2020
Jan-Jul 2020 compared to 2019 : + 1.8%
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
EUR/100 kg
EU evolutive² Raw Milk Prices Evolution (up to Aug 2020³)
Weighted EU Average (real fat content)
EU Milk Equiv. Price (based on SMP and Butter prices)
³ : provisional figures
32.9
30.8
² EU-27 without UK from 02/2020 onwards
10
15
20
25
30
35
40
45
50
55
Jan
12
Au
g 1
2
Mar
13
Oct
13
May
14
Dec
14
Jul 1
5
Feb
16
Sep
16
Ap
r 17
No
v 1
7
Jun
18
Jan
19
Au
g 1
9
Mar
20
EUR
/10
0 k
g
MONTHLY Milk Spot Prices - IT -
IT milk spot prices Lodi
EU evolutive average milk price
0
40
80
120
Jan
17A
pr
17Ju
l 17
Oct
17
Jan
18A
pr
18Ju
l 18
Oct
18
Jan
19A
pr
19Ju
l 19
Oct
19
Jan
20A
pr
20Ju
l 20
Last update : 27.09.20
OIL : Europe Brent Spot Price(USD/Barrel)
40.37
0
20
40
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
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
28.8 32.8
52.7
US, NZ and EU* milk prices up to July 2020
1.00
1.10
1.20
1.30
Jan
17A
pr
17Ju
l 17
Oct
17
Jan
18A
pr
18Ju
l 18
Oct
18
Jan
19A
pr
19Ju
l 19
Oct
19
Jan
20A
pr
20Ju
l 20
EUR / USD Exchange Rate
1.1702
Last Update : 30.09.20
EU* Oceania USA EU* Oceania USA
Butter 4 139 3 325 3 420 + 2.0% - 4.7% + 4.1%
SMP 2 537 2 950 2 389 + 0.3% + 9.3% + 4.4%
WMP 3 226 3 000 3 748 - 0.1% + 3.0% + 1.5%
Cheddar 3 531 3 675 5 680 + 1.1% + 4.3% + 19.5%
Price in USD/Tonne
on 27.09.2020
% change
(15 days ago)
LATEST WORLD QUOTATIONS
in Tonnes 2018 2019 2020% 2020
/19in Tonnes 2018 2019 2020
% 2020
/19
Total to third
countries117 215 126 694 163 726 + 29%
Total to third
countries742 303 763 808 775 887 + 2%
United Kingdom 42 041 36 173 28 735 United Kingdom 276 989 288 004 247 589
USA 15 077 21 537 25 967 + 21% Japan 63 322 66 475 76 251 + 15%
Saudi Arabia 4 933 5 045 12 135 + 141% USA 67 946 72 171 64 041 - 11%
in Tonnes 2018 2019 2020% 2020
/19in Tonnes 2018 2019 2020
% 2020
/19
Total to third
countries475 465 593 173 519 821 - 12%
Total to third
countries217 506 183 228 207 652 + 13%
Algeria 91 772 61 145 89 497 + 46% Oman 35 058 29 531 29 965 + 1%
China 46 395 77 725 69 765 - 10% Algeria 18 176 8 171 23 107 + 183%
Egypt 32 207 34 525 28 952 - 16% United Kingdom 19 360 19 164 15 099
W.M.P.
EU* Exports - Top 3 destinations in 2020Period : January-July
BUTTER CHEESE
S.M.P.
32.8Raw Milk €/100 kg
EU* Price Evolution sincelast month
+ 0.8%
350BUTTER €/100 kg + 1.3%
214S.M.P. €/100 kg + 0.1%
270W.M.P. €/100 kg - 1.0%
299CHEDDAR €/100 kg + 0.5%
Compared to the average of the
previous 4 weeks
EU* Prices
(week 39)
(week 39)
Jul-2020
Average price (USD/MT, FAS)
Event 26815 September 2020
+3.6%
$3 092
Anhydrous Milk Fat
+2.0%$ 3 910
Butter
-1.4%$ 3 282
Butter MilkPowder
n/rn/a
Cheddar
+7.2%$ 3 674
Lactose
-2.7%$ 1 277
Skim MilkPowder
+8.4%$ 2 889
Whole MilkPowder
+3.2%$ 2 985
Event 26815 September 2020
+3.6%
$3 092
+ 46%
+ 17%
- 10%
+ 1%
+ 37%
+ 1%
- 38%
+ 13%
53
67
213
451
246
16
19
57
77
78
192
454
338
16
12
64
0 200 400
BUTTER + OIL
CHEESE
S.M.P.
W.M.P.
WHEYPOWDER
CASEIN(ATE)S
CONDENSED
LACTOSE
Qty in '000 tonnes
2019
2020
11
15
33
1
44
33
49
27
10
17
30
1
43
27
39
33
0 100
% from EU
CHINA IMPORTS (Jan-Jul 2020 compared to 2019)
34.8 €
(27 Sep)
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 -
2017 2018
2019 2020
EU* = EU without UK
