Latest updateDashboard: Milk and dairy products Highlights- EU butter prices: 692 €/100 kg, -3.5% down in last 4 weeks;
- EU SMP prices: 358 €/100 kg, -2.6% down in last 4 weeks;
- EU WMP prices: 476 €/100 kg, -1.9% down in last 4 weeks;
- EU cheddar prices: 469 €/100 kg, -2.6% down in last 4 weeks;
- IT spot milk price showing tiny decrease to 67.8 c/kg (23/10/2022);
- Further increase of feed costs (+3.1%) and energy costs (+7.4%) in week 42 compared to the previous 4 weeks;
- EU milk deliveries in Jan-Aug 2022 are 0.6% below 2021 deliveries during the same period;
- Decrease of most EU dairy productions in Jan-Aug 2022: butter (-1.3%), SMP (-2.1%), WMP (-4.8%), fermented milk (-0.3%), drinking milk (-0.7%) , condensed (-3.5%) and cheese (-0.8%). Increase for cream (+1.1%);
- EU butter exports to China down by 30% and slightly down to the US (-2%) during the first 8 months of 2022;
- EU cheese exports in the same period down to the US (-2%) and Switzerland (-4%), slightly up to Japan (+1%);
- EU SMP and WMP exports to China down In Jan-Aug 2022: -41% and -7% respectively. SMP exports down to Algeria (-11%) and Indonesia (-25%) and WMP exports up to Oman (+22%) and Kuwait (+55%);
- In Jan-Aug 2022, NZ exports of butter(oil) and SMP up (respectively +7% and +4%). Cheese and WMP exports down (respectively -11% and -18%);
- US dairy exports of butter(oil), cheese and WMP up in Jan-Aug 2022 (respectively +48%, +13% and +4%). SMP down (-9%);
- Most Chinese imports down in Jan-Aug 2022: butter(oil) (-2%), cheese (-20%), SMP (-25%), WMP (-17%), wheypowder (-30%), casein(ate)s (-15%), condensed (-29%); lactose up (+9%).
Related linksEU milk and dairy products policy | EU agricultural markets short-term outlook |
