AGRICULTURE AND RURAL DEVELOPMENT Milk and dairy products newsletter

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Latest update Dashboard: Milk and dairy products Highlights EU dairy prices in the last 4 weeks increased for butter: 471€/100 kg (+4.3%) , SMP: 251€/100 kg (+5.4%), WMP: 351€/100 kg (+4.1%) and decreased for cheddar : 357€/100 kg (-0.2%); IT spot milk price continues rising, now at 53.8 c/kg (15/10/2023); Feed costs decreased by -1.7% and energy costs by -2.2% in week 41 compared to the previous 4 weeks; Oceania is now more price competitive on butter, SMP and WMP, while USA is more competitive on cheddar; EU cow’s milk collection increased by +0.1% in August and +0.7 % in Jan-Aug 2023 EU Production of dairy products in Jan-Aug 2023 compared to 2022: increase for concentrated milk (+6.3%), cream (+3.3%), butter (+2.4%), WMP (+1.7%), cheese (+1.8%), fermented milk (+1.0%) and drinking milk (+0.6%); decrease for SMP (-1.3%); In August 2023, AU milk productions went up by +0.8% and in UK by +0.7%, while NZ milk production decreased by -2.1% and in USA by -0.2% compared to the same period last year; In January-July 2023, EU butter exports decreased to the UK by (-22%)  while increased to China by (+16%) and to the USA (+9%); In Jan.-July 2023, EU SMP exports to Algeria were up (+98%) and down to Indonesia (-52%).  EU WMP exports to Oman were down  (-15%) and China (-32%) and up to the UK (+18%); In the first 7 months of 2023, EU cheese exports to Japan decreased by 10% and to the USA by -8%; US dairy exports decreased for butter(oil) (-45%), cheese (-6%), SMP (-1%) and WMP (-35% ); In January-July 2023, EU exports increased for SMP and WMP by (+23% and +15%) respectively; NZ exports for the same period were up for cheese and SMP (+19% and +36%);  Chinese imports went up for cheese (+18%), SMP(+20%), wheypowder (+26), caseins (+14%) and lactose (+37%) in Jan.-July while went down for Butter(oil) (-14%), WMP (-40%) and condensed (-34%), GDT last auction (17/10/2023): general price index +4.3%, with price increases for AMF (+7.1%), butter (+2.9%), cheese (+0.2%), lactose (+0.2%), SMP (+4.3%)  and WMP (+4.2%). Related links EU milk and dairy products policy | EU agricultural markets short-term outlook

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Access to finance remains insufficient for farmers and agri-food SMEs The unmet demand of farmers for financing by banks has reached €62 billion in 2022, according to two surveys presented today by Commissioner Wojciechowski at a conference.   See also Full article

Fruit and vegetables newsletter

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Agricultural markets dashboard – apples See the latest update in the fruit and vegetables market observatory. Related links EU fruits and vegetables scheme | EU agricultural markets short-term outlook – arable crops Agricultural markets dashboard – peaches and nectarines See the latest update in the fruit and vegetables market observatory. Related links EU fruits and vegetables scheme | EU agricultural markets short-term outlook – arable crops Agricultural markets dashboard – tomatoes See the latest update in the fruit and vegetables market observatory. Related links EU fruits and vegetables scheme | EU agricultural markets short-term outlook – arable crops Agricultural markets dashboard – sheep meat View the latest update Related links EU Lamb, mutton and goatmeat policy | EU agriclutural markets short-term outlook – animal products Agricultural markets dashboard – poultry meat View the latest update Related links EU poultry policy | EU agricultural markets short-term outlook Agricultural markets dashboard – eggs View the latest update Related links EU eggs policy | EU agricultural markets short-term outlook Agricultural markets dashboard – eggs View the latest update Related links EU eggs policy | EU agricultural markets short-term outlook

Directorate-General for Agriculture and Rural Development