Latest updateDashboard: Milk and dairy products Highlights- EU butter prices: 449 €/100 kg, -1.5% in last 4 weeks;
- EU SMP prices: 227 €/100 kg, -0.8% in last 4 weeks;
- EU WMP prices: 336 €/100 kg, -1.2% in last 4 weeks;
- EU cheddar prices: 358 €/100 kg, -0.1% in last 4 weeks;
- IT spot milk price down to 49.8 c/kg (20/08/2023);
- EU remains more price competitive on Cheddar, Oceania on SMP, WMP and Butter;
- Decrease of feed costs (-1.9%) and increase of energy costs (+8.5%) in week 33 compared to the previous 4 weeks;
- EU milk deliveries up by +0.4% in June 2023 and +0.8 % in Jan-June 2023 compared to same periods last year;
- Evolution of dairy productions in Jan-Jun 2023 compared to 2022: increase for concentrated milk (+6.1%), cream (+2.8%), butter (+1.7%), cheese (+1.2%), fermented milk (+0.6%), drinking milk (+0.5%) and SMP (+0.3%); decrease for WMP (-2.7%);
- In June 2023, milk productions went up +1.6% in AU and +0.6% in UK, US milk production status quo, while NZ milk production down by -1.7%;
- In January-May 2023, EU butter exports increased by 4% to China and by 39% to the USA while they decreased by 23% to the UK;
- During the same period, EU cheese exports went down to Japan (-12%) and to the USA (-9%) but went up to the U.K. (+4%);
- In Jan-May 2023, EU SMP exports went up to China (+34%) and Algeria (+131%) and down to Indonesia (-56%). EU WMP exports went down to Oman (-17%), China (-28%) and up to the U.K. (+6%);
- In Jan-May 2023, the following NZ exports went up: butter(oil) +9%, cheese +16%, SMP +42% and WMP +5%;
- US dairy exports went down in Jan-May 2023 for butter(oil) (-38%), WMP (-40%), SMP (-2%) and cheese (-4%);
- Chinese imports of cheese (+4%), SMP (+21%), whey powder (+40%), caseins (+12%) and lactose (+37%) went up in Jan-May 2023 while imports of butter(oil) (-20%), WMP (-51%) and condensed (-32%) went down.
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