(AMI) In the European Union, a significant increase of the milk is expected for the current calendar year. The EU Commission estimates an increase of 3.7% for the year 2014. In the course of which is more milk for processing available, so also the production of milk products than in the previous year will be. The production of skimmed-milk powder is expected to increase most with an increase of 18%. Thus, the export offer is increased at the same time. Skimmed-milk powder from the EU was brisk demand by 2014 so far. Most customers were Algeria and China, who have so far asked to 35% of the entire EU skimmed-milk powder. Algeria, in addition to Oman, a major trading partner for the EU is for whole milk powder. The Commission expects for 2014 with a growth of both the production of milk powder exports by around 11%. At butter, the impact of the Russian import stops are likely to make more noticeable. Russia has recorded to date 25% of the entire EU butter exports. Exports were Russia-July total to 28% over the previous year, so the lead in looking at has been reduced until August to 17%. For the full year of 2014, the Commission nevertheless anticipates a EU-wide export of 13%. Cheese, however, assumes a significant decrease in the total exports by 11%. This segment is the most affected by the import restrictions, since approximately 30% of the cheese from the EU towards Russia was. This can be partially compensated by other customers.
ZMP Live Expert Opinion
In the course of the world's high milk volume, the prices on the markets for milk and milk products have declined significantly. This was reflected with a time delay in the producer prices for milk, which now has fallen the tenth month in a row in Germany and where the end of the year no recovery looming. So far this has not resulted in but still a relevant restriction of milk production. Before the background of imminent rate tradition in Germany remains to be seen whether and when the brakes appeared and thus to decline the offer again.
You see historical data because you're not logged in or not a ZMP Live+ member. Get your information advantage now!
