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Agricultural market dashboards - Milk and dairy products
IT spot milk prices decreasing now at 44.8 c/kg (3.03.2024);
EU butter prices: 561€/100 kg, +2.7% in the last 4 weeks;
EU SMP prices: 251€/100 kg, no change in the last 4 weeks;
EU WMP prices: 366€/100 kg, +1.3% in the last 4 weeks;
EU cheddar prices: 388€/100kg, +7.6% in the last 4 weeks;
A drop of feed costs (-5.4%) and energy costs (-0.6%) in week 9 compared to the previous 4 weeks;
EU avg. farm gate milk prices slightly up (46.73 c/kg) in Jan 2024; +0.3% compared to previous month and -16.2% compared to Jan 2023; estimated price for Feb 2024: 46.34 c.kg (-0.8%);
Compared to Dec 2023, the Jan 2024 milk price was down in US (35.6/kg; -5.2%) and up in NZ (33.5c/kg; +3.3%);
US is more price competitive on SMP and cheddar, while Oceania is more price competitive on WMP and EU on Butter;
GDT last auction (05.03.2024): general price index -2.3%, with registered price increase for: AMF (+1.4%), BMP (+3.7%), Cheese (+4%) and Lactose (+4.8%), and a price decrease for: butter (-1%), SMP (-5.2 %), and WMP (-2.8%).
The European Commission is calling for applications for the 3rd EU Organic Awards to celebrate excellent, sustainable, and inspiring projects in the organic value chain.
Despite the leading efforts of the EU and other Members to find compromises towards an agreement, the WTO could not agree on advancing agriculture reform at the 13th Ministerial Conference (MC13) which ended Friday in Abu Dhabi.
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