AGRICULTURE AND RURAL DEVELOPMENT MILK AND DAIRY PRODUCTS Newsletter

AGRICULTURE AND RURAL DEVELOPMENT MILK AND DAIRY PRODUCTS Newsletter

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Latest update Dashboard: Milk and dairy products Highlights EU butter prices: 714 €/100 kg, +0.1% up in last 4 weeks; EU SMP prices: 367 €/100 kg, -2.7% down in last 4 weeks; EU WMP prices: 490 €/100 kg, +0.5% up in last 4 weeks; EU cheddar prices: 469 €/100 kg, +0.7% up in last 4 weeks; IT spot milk price stable at 64.5 c/kg (14/08/2022); Increase of feed costs (+1.2%) and decrease of energy costs (-6.6%) in week 33 compared to the previous 4 weeks; Oceania is more price competitive on butter and on WMP, while US is more competitive on SMP and on cheddar; EU exports to the USA in Jan.-Jun. 2022 : +2% for cheese and +1% for butter; EU exports to China in the first 6 months of 2022 are down: -31% for butter, -40% for SMP and -2% for WMP ; EU cheese exports decreased to Switzerland (-5%) and to Japan (-3%); Total EU exports of milk powders are down: -19% for SMP and -17% for WMP; In Jan.-Jun. 2022, increase of US exports of butter (+42%), cheese (+17%) and WMP (+6%). Decrease of US exports of SMP (-8%); NZ exports of WMP down by -23% in Jan.-Jun. 2022 and NZ cheese exports down by -12%; Most of the China dairy imports in Jan.-Jun. 2022 are down: butter(oil) (-8%), cheese (-20%), SMP (-25%), WMP (-6%), wheypowder (-37%), casein(ate)s (-21%), condensed (-26%), lactose (+2%); GDT last auction (16/08/2022): general price index -2.9%. Price increased for: SMP (+0.1%), butter (+0.2%), cheddar (+4.2%) and decreased for WMP (-3.5%) and AMF (-9.8%).

Directorate-General for Agriculture and Rural Development