06.
06.14
EU dairy prices in March slightly weaker

Milch Cockpit, 06.06.2014

Bullish
  • World's growing demand for milk and milk products.
  • Seasonally declining milk deliveries in the northern hemisphere.
  • Export offer of single major supplier on the world market may be less than originally expected.
  • Need for appointments in the 2nd half of the year, only partly covered.
  • Brisk third-country demand for dairy products from the EU.
  • First signs of firmer prices for skimmed milk powder in the world market.
Bearish
  • Almost all over the world significant growth in milk production.
  • Major importers like Russia or China Act currently subdued.

(AMI) The European milk prices have experienced a slight correction in March at a high level. After the dairies had paid out nearly 40 CT / kg in January and February the EU-wide average producer prices eased according to the EU Commission in March to 0.4 CT or 1.1% to 39,54 CT / kg. The decline was thus less sharp as usual otherwise at this time of year. Especially in regard to the high volume of milk, of course in the first quarter was amazingly stable. In Germany, the producers in Europe-wide comparison received an above-average milk price.

Most recently mostly weaker developments were in the individual Member States. In parts of southern Europe and some of the States that joined in 2004 were stable or partly still firmer trends to watch. Compared with previous years the March level of payments the years 2009 to 2013 was in the average of the EU clearly surpassed. Even the comparatively high prices last year were exceeded in some Member States, such as Denmark, the Netherlands and parts of the Baltic States, by more than a fifth.  A total of 20 Member States were the prices by more than 10% above the previous year. The EU average was good 16% higher than a year earlier in March. Only in Malta and Cyprus got the producers last less for her delivered milk as in March 2013.

EU dairy prices in March slightly weaker
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ZMP Live Expert Opinion

The product markets in Europe have weakened further in the course of the second quarter. This has impacted on producer prices. From the evidence available so far for April and may further declines are characterized, for example, in the Netherlands and in Germany. However, milk prices continue moving at a relatively high level, and are expected to be at least until the middle of the year well above the level of previous years.

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