Latest updateDashboard: Milk and dairy products Highlights- Jan-Aug 2024/23 EU cow’s milk collection increased by +0.5%; (+0.1% leap year adjusted); in Aug 2024/23 EU collection decreased by -1.4%;
- In Aug 2024, milk production increased by +2.8% in AU and by +9%in NZ, while decreased by -0.1 % in the US and the UK;
- Evolution of EU dairy production in Jan-Aug 2024/2023: butter (-2.2%), SMP (-1%); WMP (-1.1%), condensed (+8.6%), cream (+3.7%), drinking milk (+0.8%), fermented milk (+4.1%), cheese (+3%);
- EU butter prices: 790€/100 kg, +2.6% in the last 4 weeks;
- EU SMP prices: 250€/100 kg, -2.4% in the last 4 weeks;
- EU WMP prices: 415€/100 kg, -3.2% in the last 4 weeks;
- EU cheddar prices: 418€/100kg, +4.3% in the last 4 weeks;
- IT’s spot milk price stays at 65c/kg (13.10.2024);
- Increase of feed cost by +2.1% and of energy cost by +1.8% in week 41 compared to the previous 4 weeks;
- USA is more price competitive on Butter & Cheddar, EU on SMP and Oceania on WMP;
- GDT last auction (15.10.2024): general price index -0.3%, with registered price increase for: AMF (+0.3%) and Cheeses (+4.2%), and a price decrease for butter (-0.3%)Lactose (-5.8%), and SMP (-1.8%).
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