AGRICULTURE AND RURAL DEVELOPMENT

Sheep meat newsletter

Follow us | | |

Agricultural markets dashboard – sheep meat

View the latest update

Latest update

Dashboard: Milk and dairy products

Highlights

EU avg. farm gate milk prices increased to 47.4 c/kg in Aug. 2024, +2% compared to July 2024 and +8.8% compared to Aug. 2023; est. price for Sept. 2024: 47.5 c/kg (+1.5%);
Compared to July 2024, August 2024 milk price was up in US (47.6c/kg; +2.5%) and in NZ (37.8c/kg; +5.2%).
EU butter prices: 778€/100 kg, +2.1% in the last 4 weeks;
EU SMP prices: 255€/100 kg, -0.3% in the last 4 weeks;
EU WMP prices: 423€/100 kg, -1.2% in the last 4 weeks;
EU cheddar prices: 415€/100kg, +4.9% in the last 4 weeks;
IT’s spot milk price stays at 65c/kg (06.10.2024);
Increase of feed cost by +2.6% and of energy cost by +0.1% in week 40 compared to the previous 4 weeks;
In Jan-June 2024/23 EU butter exports went up to China and to the UK (+9%) as well as to USA (+4%); EU cheese exports increased to the USA (+14%), but decreased to Japan (-21%) and to the UK (-2%);
During the same period, EU SMP exports went up to Saudia Arabia (+4%) and to Algeria (+9%) but decreased to Egypt (-2%); EU WMP exports increased to Oman (+6%), China (+4%) and Kuwait (+57%);
In Jan-Jun 2024/23, NZ exports decreased for butter/(oil) (-12%), cheese (-8%) and SMP (-4%), and increased for WMP (+7%);
US dairy exports in Jan.-June 2024 were down for butter(oil) (-5%), and SMP (-11%); while were up for WMP (+3%), and cheese (+25%);
Chinese imports of butter(oil) (+9%), cheese (+1%), caseines (+32%), and condensed (+12%) were up in January-June 2024/23 while imports of SMP (-36%), WMP (-9%), wheypowder (-12%), and lactose (-20%) were down.

Agricultural markets dashboard – poultry meat

View the latest update

Agricultural markets dashboard – eggs

View the latest update

Latest news

Short-term outlook of agricultural markets: gradual but fragile return to stability

The autumn 2024 edition of the short-term outlook report presents the latest trends and prospects for selected agri-food markets.

See also

Full article

Upcoming event

EU Agri-Food Days

The 2nd edition of the EU Agri-Food Days will take place from 10 - 12 December 2024 in Brussels. The unmissable three-day event offers a unique platform for dialogue between EU agri-food system stakeholders, civil society, academia and policymakers.

date

10/12/2024 - 12/12/2024

venue

Brussels, Belgium

Organiser

Directorate-General for Agriculture and Rural Development

See also

Programme

Directorate-General for Agriculture and Rural Development

8 October 2024

AGRICULTURE AND RURAL DEVELOPMENT

Short-term outlook report newsletter

Follow us | | |

Report highlights – October 2024

Agricultural markets are showing positive signs of a return to stability, but the situation remains fragile on account of weather-related problems, sanitary pressure in the animal sector and the trade environment. Input costs have steadily declined over the past months, and food inflation has returned to a moderate rate, although food prices remain high for some products.

The general macroeconomic and food price environment points to possible improvements in demand for agri-food products in most sectors. Uncertainties persist with particular challenges linked to more frequent extreme weather events impacting production, geopolitical events and developments with consequences on trade flows and input prices, notably the escalating conflict in the Middle East, and possible trade disputes with China, as well as reemerging diseases of both plants and animals.

Please visit the Short-term outlook webpage to download the report and data file.

Data crunch


Crops: +3% cereals production in 2024/25 due to adverse weather		Olive oil: +21% production recovery in 2024/25		Poultry meat: +4% production in 2024