Milk: After having come down to a price level of 32 cents per kilo in May 2018, an upturn has taken shape, with an average price of 35 cents reached in September 2018.īutter: In a trend not seen since 2017, EU butter prices have been over €5000 per tonne for the past six months.Ĭheese: EU cheese prices continue to be good despite slightly increased stocks at manufacturers’ level. The situation has been slightly improving since May 2018. Skimmed Milk Power (SMP): EU SMP prices have been fluctuating below intervention level (169.8 €/100 kg) for the past twelve months. The latest data from the Milk Market Observatory suggest steady increase in dairy prices with some fluctuation: The EU Milk Market Observatory (MMO) provides the EU dairy sector with more transparency by disseminating market data and short-term analysis in a timely manner. The dairy sector accounts for more than half of our current EU agri-trade surplus – a fact which confirms its importance. The combination of a robust demand for dairy products and a contained and responsible production growth supported by the careful management of the stocks by the Commission has resulted in competitive prices for producers. The next tender will take place on 22 November.
#Skim milk powder market demand full#
This process is documented in full transparency online in the Milk Market Observatory portal. The Commission opened at the end of 2016 a process of monthly and later bi-monthly public tenders to gradually put these stocks back into the market. Public intervention, managed by the European Commission, played an important role in stabilising markets between 20, helping to remove surpluses in an extraordinarily imbalanced scenario. There is, however, no place for complacency and prudential production decisions must continue to be made by reference to the realities of market conditions,” said Agriculture and rural development Commissioner Phil Hogan. It is encouraging to see an improvement in farm gate milk prices again, helped by the measures the Commission has put in place.
“The benefit of our cautious approach is paying off. The latest EU price report for the dairy market published by the Milk Market Observatory this week shows improvements in prices both for milk and skimmed milk powder, reflecting the careful handling of the stocks by the Commission. The latest tender sale of 30,000 tonnes took place on 8 November. Half of the skimmed milk powder bought into public stock since 2015 (190,000 out of 380,000 tonnes) has been put back into the market without jeopardising its functioning and the recovery of the sector.
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