European Milk Market Observatory

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European Milk Market Observatory
15 Mar 2019

European Milk Market Observatory

Brussels Daily
European Milk Market Observatory – DASHBOARD
https://ec.europa.eu/agriculture/sites/agriculture/files/market-observatory/milk/pdf/dashboard-dairy_en.pdf

·         Compared to previous week EU average butter price decreased by 3.5% to 425 €/100kg (-12% below last year level)

·         EU average SMP price stable at 191 €/100kg (+44% above last year level); WMP price increased by 2.1%

·         Spot milk price in IT decreased by 1.2% (41.3 c/kg)

·         Milk price has dropped in the US in January (-3.7% compared to December 2018, to 31.0 c/kg); +5.8% compared to January 2018

·         Increase in NZ milk price in January (+2.0%) up to 30.0 c/kg (-3.8% compared to January 2018)

·         Feed costs 3.8% lower and energy costs 2.4% higher in week 10 compared to the previous 4 weeks’ average

·         EU SMP exports in January 2019 are 53% above January 2018 level, especially in China, Philippines, Egypt and Indonesia and

·         EU butter exports are 15% lower in January 2019, cheese (+8%) and WMP (-10%)

·         NZ increased their dairy exports in January 2019 for butter/butteroil +44%, SMP +7% and WMP +18%

·         Milk powder imports in China show considerable improvement in January 2019 (SMP +25%; WMP +31%)

 

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