SMP competitive prices push EU and US exports higher

The European Union dairy export, in September 2018, showed a decrease both in quantity (-0.4%) and in value (-2.6%) compared to September 2017. Considering the export of dairy products, the average milk value is 39.25 €/100 kg.

Cheese export is steady: +0.7% in quantity and +1% in value. In the Fresh Cheese sector, a decrease of 4% was recorded with lower exports to Switzerland and South korea. Fresh Cheese exports to Japan remained positive (+1%), as was the export of European Cheese in general (+24%).

+37.7% EU-28 SMP Export
Sep 2018 y-o-y

The EU-28, in September 2018, exported significant quantities of SMP, recording an increase of 37.7%.

China, Algeria and Indonesia were the main destinations, with increases of over 75%.

SMP export was supported by a significantly reduced price (the average price for September was 1.65 €/kg*, -20.5%) and lower than the competitor New Zealand (1.86 €/kg*).

SMP price
-20.5% EU-28 Export
Sep 2018 y-o-y

Also the United States, in September 2018, exported larger volumes of SMP (+30.4%) applying lower prices (1.66 €/kg*).

EU WMP exports are decreasing, and prices remain stable, but higher when compared to New Zealand and the United States.

Cumulative data for the first 9 months of 2018 show an export of 3.87 million tons of dairy products and 11.42 billion €, decreasing both in quantity and in value (respectively -1.7% y-o-y and -4.6%). The most profitable product is Infant Milk Formula, for which the EU is the main Player with an export that from January to September is worth 3.38 billion €.

 * EU-28 and New Zealand export prices are FOB (Free On Board), while US prices are FAS (Free Along Ship Export Value). The prices of New Zealand and the United States have been converted into € at the average exchange rate of September 2018.

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EU-28 price of exported dairy products in Milk Equivalent

EU-28 price of exported dairy products in Milk Equivalent

EU-28 Dairy Export

EU-28 Dairy Export

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The team is composed of young people who with the help of Computer Science study the dairy market and develop tools to provide the Operators of the dairy sector with a comprehensive real-time view of the national and international market trends.

Posted in Dairy export, EU