	AGRICULTURE AND RURAL DEVELOPMENT
	MILK AND MILK PRODUCTS Newsletter

European Milk Market Observatory - DASHBOARD

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Butter and cheddar prices are stable compared to last week, milk powder prices are 1.8% lower
IT spot milk price increased by 2.4% (43.0 c/kg) last week, spot milk price in NL decreased to 35.5 c/kg (-5.3%)
On the world market EU and Oceania dairy quotations expressed in US$ generally down last fortnight, especially EU butter (-5.5%) and Oceania butter (-6.6%); EU butter is still the most expensive
EU WMP price decreased by 4.9% and became more competitive than US WMP
Energy costs 5.4% higher in week 41 compared to the previous 4 weeks' average
August milk production in Australia is 3.6% lower than in August 2017 (-3.9% increase for Jul-Aug period
Milk production in New Zealand up by 4.7% in August compared to same month in 2017 (+5.5% increase for June-Aug period)
Increase in August milk production in the US (+1.4%), +1.1% for Jan-Aug period
EU dairy exports lower in Jan-Aug 2018
EU butter exports 13% lower: in Saudi Arabia, the second destination for EU butter 12% decrease, and in China -10%, while significant increases in Singapore, Japan and Morocco
Algeria (+16%), China (+3%) and Egypt (+62%) were the top destinations of EU SMP in Jan-Aug 2018, but EU SMP exports in Jan-Aug 2018 are 1% below last year
EU WMP exports are 15% lower in Jan-Aug 2018, but 33% increase in Oman, the first destination of EU WMP

Directorate-General for Agriculture and Rural Development

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