16.
05.14
EU: Strong increase of milk deliveries in the first quarter

Milch Cockpit, 16.05.2014

Bullish
  • High demand for milk and dairy products by a growing world population and increasing purchasing power and Westernization of consumption habits in the emerging markets.
  • Milk deliveries on the seasonal peak in the northern hemisphere.
Bearish
  • Almost all over the world high milk production.
  • Strong euro dampens the competitiveness of EU goods to the world market.
  • Restrained demand in major importing countries such as China or Russia.

(AMI) In the first months of the year 2014 throughout the EU significantly more milk for processing than in the previous year was the dairies. In March, the increase to boosted 2013 further. The previous line exceeded the 5.8%, after increasing growth to 5.3% and 5.5% in January and February. In the sum amounted to the milk production in the first quarter throughout the EU to about 36.3 million tonnes, 5.5% more than in the same period of the year 2013. It was found a nationwide growth. In the area of the old EU-15 and in the Member States that acceded in 2004 the growth in almost same extent came to bear. The quantitatively most significant increases were in the first quarter in Germany to watch France and the United Kingdom.
2013/14, which is in the March of end of, the dairies have recorded in the milk year approximately 143.3 million tons milk in the EU and thus 2.6% more than in the previous year. This means an increase in the exploitation of rate of. After the quota year 2012/13 in total 6% of delivery rights are not been served is to account for in the expired March 2014 period with an estimated overall lower supply of 4, 5%.

EU: Strong increase of milk deliveries in the first quarter
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ZMP Live Expert Opinion

The rapidly increasing milk production in the past few months has led to a significant weakening of the commodity and product prices. The corrections in the milk money, however, were so far very moderate for milk producers. In response to the high prices, levy willingness of producers is consistently high. When also the milk delivery in the near future seasonal comes back, the previous year's level should be exceeded also in the coming months. When the product markets under this condition can recover, significantly depends on the further course of the demand.

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